Pro-Rata Annual Bonus. Within thirty (30) days after the Effective Date, the Company shall pay Executive a lump-sum cash payment equal to the Pro-Rata Annual Bonus determined as of the Effective Date.
Pro-Rata Annual Bonus. The Company will pay Executive an amount equal to the Annual Bonus for the calendar year in which occurs the Termination Date, as determined in good faith by the Board in accordance with the performance criteria established for such Annual Bonus and based on the Company’s actual performance for such calendar year, which amount will be prorated through and including the Termination Date (based on the ratio of the number of days Executive was employed by the Company during such year to the number of days in such year). This amount will be payable in a lump sum on or before the date on which annual bonuses for the calendar year are paid to executives who have continued employment with the Company (but in no event earlier than 60 days after the Termination Date or later than the March 15 next following such calendar year); provided, however, that if this Section 5(c)(iii) applies with respect to an Annual Bonus that is intended to constitute performance-based compensation within the meaning and for purposes of section 162(m) of the Code, then this Section 5(c)(iii) will apply with respect to such Annual Bonus only to the extent the applicable performance criteria have been satisfied as certified in writing by a committee of the Board as required under section 162(m) of the Code.
Pro-Rata Annual Bonus. The Company will pay Executive an amount equal to the Annual Bonus for the calendar year in which occurs the Termination Date, as determined in good faith by the Board in accordance with the performance criteria established for such Annual Bonus and based on the Company’s actual performance for such calendar year, which amount will be prorated through and including the Termination Date (based on the ratio of the number of days Executive was employed by the Company during such year to the number of days in such year). This amount will be payable in a lump sum on or before the date on which annual bonuses for the calendar year are paid to executives who have continued employment with the Company (but in no event earlier than sixty (60) days after the Termination Date or later than the March 15 next following such calendar year).
Pro-Rata Annual Bonus. If you continue as an employee of the Company through the end of the Commitment Period, or you are terminated without Cause (as defined in the Transaction Severance Agreement) prior to the end of the Commitment Period, you will receive an additional pro-rata annual bonus for the entire Commitment Period equal to $45,000 (the “Pro-Rata Bonus Amount”) If, by agreement, the Commitment Period is extended, the Pro-Rata Bonus Amount will instead be calculated as an amount equal to (x) $180,000 multiplied by (y) the number of days worked by you from the Closing to the date of your termination of employment, inclusive, divided by 365 days.
Pro-Rata Annual Bonus. The Company will pay to Employee an amount equal to a pro-rata bonus for the period of 2009 during which he was employed by the Company, i.e., through the Separation Date. The amount will be determined based on Employee’s actual performance had his employment not terminated and the Company’s actual performance for purposes of the Company’s Management Incentive Plan (“MIP”) as determined by the Company pursuant to the MIP for all other MIP-eligible employees. The amount will be paid on May 14, 2010, or as soon as administratively feasible thereafter, or the date on which MIP bonus payments are made to other MIP-eligible employees for the 2009 performance year, whichever is later.
Pro-Rata Annual Bonus. Although not otherwise eligible, the Company will pay to the Executive a pro-rata fiscal 2012 executive incentive plan bonus payment based on the nine (9) full months worked in fiscal year ending March 31, 2013. The actual bonus amount will be determined by the Compensation Committee in its sole and absolute discretion following the Company’s filing of its Annual Report on Form 10-K with the Securities and Exchange Commission and paid, less all applicable taxes and withholdings, in accordance with plan terms.
Pro-Rata Annual Bonus. (a) Change of Control that is not a Merger of Equals. Except as provided in Section 25(b) or (c) below, to the extent not so provided by the Bonus Plan, the Company shall pay or cause to be paid to Executive within ten business days after the Effective Date, a lump-sum cash payment equal to the Pro-rata Annual Bonus, in satisfaction of the Company's obligations under the Bonus Plan for periods prior to the Effective Date.
Pro-Rata Annual Bonus. Pursuant to Section 2 of the Employment Agreement, the Company agrees to pay Employee, in a lump sum no later than 60 days following the Separation Date, $190,669, subject to standard payroll deductions and withholdings, which is equal to the greater of Employee’s target annual bonus (as set forth in the Employment Agreement) or Employee’s actual annual bonus, in each case, pro-rated through the Separation Date.
Pro-Rata Annual Bonus. The Company will pay $517,500 to Employee as a pro-rata bonus for the period of 2007 during which he was employed by the Company, based on his annual bonus target. The pro-rata bonus will be paid on July 1, 2008.
Pro-Rata Annual Bonus. The Executive shall be entitled to receive a pro-rata portion, based upon the Annual Bonus Proration Factor, of the Annual Bonus for Fiscal 2015 earned as of the Termination Date (which Annual Bonus shall be determined based on actual performance and shall be paid to the Executive in a single lump sum during the period commencing on the 15th of April and ending on the 31st of May, 2015. For purposes of this Separation Agreement, “Annual Bonus Proration Factor” means the quotient obtained by dividing the number of business days worked during Fiscal 2015 by the number of business days in Fiscal 2015.
