Pro-Rated Bonus. Executive will receive an amount equal to the product of (1) the Salary and (2) the Target Bonus Percentage, with the product of (1) and (2) prorated based on the number of days Executive was employed during the bonus year in which his employment terminated. Such bonus shall be paid within 15 days after the expiration of the Waiver and Release revocation period.
Appears in 7 contracts
Samples: Severance Agreement (Reliant Energy Inc), Severance Agreement (Reliant Resources Inc), Severance Agreement (Reliant Resources Inc)
Pro-Rated Bonus. Executive will receive from the Employer an amount equal to the product of (1) the Salary and (2) the Target Bonus Percentage, with the product of (1) and (2) prorated based on the number of days Executive was employed during the bonus year in which his employment terminated. Such bonus shall be paid within 15 days after the expiration of the Waiver and Release revocation period.
Appears in 3 contracts
Samples: Severance Agreement (Reliant Energy Inc), Severance Agreement (Reliant Resources Inc), Severance Agreement (Reliant Resources Inc)
Pro-Rated Bonus. Executive will receive an amount equal to the product of (1) the Salary and (2) the Target Bonus Percentage, with the product of (1) and (2) prorated based on the number of days Executive was employed during the bonus year in which his employment terminated. Such bonus shall be paid within 15 days after the expiration of the Waiver and Release revocation period.
Appears in 1 contract
