Pro-Rata Target Bonus. The Company shall pay Executive an amount equal to the pro rata portion of the Target Bonus that is applicable to the period commencing on the first day of the fiscal year in which the employment of Executive is terminated and ending on the date of such termination. Such amount shall be paid to Executive in a lump sum within 60 days after his date of termination of employment, but not earlier than six (6) months following the date of termination in the event Executive terminates his employment with the Company for any reason.
Appears in 4 contracts
Samples: Employment Agreement (Modine Manufacturing Co), Employment Agreement (Modine Manufacturing Co), Employment Agreement (Modine Manufacturing Co)
