Common use of Severance Bonus Clause in Contracts

Severance Bonus. Employee will be paid a bonus, within seven (7) days following the effective date of termination, equal to 50% of the average of (A) the annual bonus he was paid for the year immediately preceding the termination and (B) his Target Bonus under the Company’s then-current bonus plan, if any, less standard payroll deductions and withholdings.

Appears in 2 contracts

Samples: Executive Employment Agreement (Mattersight Corp), Executive Employment Agreement (Mattersight Corp)

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Severance Bonus. Employee will be paid a bonusbonus (the “Severance Bonus”), within seven (7) days following the effective date of termination, equal to 50100% of the average of (A) the annual bonus he was paid for the year immediately preceding the termination and (B) his Target Bonus under the Company’s then-current bonus plan, plan if any, less standard payroll deductions and withholdings.

Appears in 2 contracts

Samples: Executive Employment Agreement (Eloyalty Corp), Executive Employment Agreement (Eloyalty Corp)

Severance Bonus. Employee will be paid a bonus, within seven (7) days following the effective date of termination, equal to 5075% of the average of (A) the annual bonus he was paid for the year immediately preceding the termination and (B) his Target Bonus under the Company’s then-current bonus plan, if any, less standard payroll deductions and withholdings.

Appears in 1 contract

Samples: Executive Employment Agreement (Mattersight Corp)

Severance Bonus. Employee will be paid a bonusbonus (the "Severance Bonus"), within seven (7) days following the effective date of termination, equal to 50% of the average of (A) the annual bonus he was paid for the year immediately preceding the termination and (B) a reasonable estimate of his Target Bonus annual bonus for the year in which the termination occurs under the Company’s 's then-current bonus plan, plan if any, less standard payroll deductions and withholdings.

Appears in 1 contract

Samples: Employment Agreement (Eloyalty Corp)

Severance Bonus. Employee will be paid a bonuscash bonus (the “Severance Bonus”), within seven (7) days following the effective date of termination, equal to 50100% of the average of (A) the annual bonus (whether paid in stock, options, or cash) he was paid for the year immediately preceding the termination and (B) his Target Bonus target bonus (whether to be paid in stock, options, or cash) under the Company’s then-current bonus plan, if any, less standard payroll deductions and withholdings.

Appears in 1 contract

Samples: Executive Employment Agreement (Eloyalty Corp)

Severance Bonus. Employee will be paid a bonus, (the “Severance Bonus”) within seven (7) days following the effective date of termination, equal to 50% of the average of (A) the annual bonus he she was paid for the year immediately preceding the termination and (B) his Target Bonus a reasonable estimate of her bonus for the year in which the termination occurs under the Company’s then-current bonus plan, plan if any, less standard payroll deductions and withholdings.

Appears in 1 contract

Samples: Executive Employment Agreement (Eloyalty Corp)

Severance Bonus. Employee will be paid a bonus, within seven (7) days following the effective date of termination, equal to 50100% of the average of (A) the annual bonus he was paid for the year immediately preceding the termination and (B) his Target Bonus under the Company’s then-current bonus plan, if any, less standard payroll deductions and withholdings.

Appears in 1 contract

Samples: Executive Employment Agreement (Mattersight Corp)

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Severance Bonus. Employee will be paid a bonus, bonus (the “Severance Bonus”) within seven (7) days following the effective date of termination, termination equal to 50150% of the average of (A) the annual bonus he was paid for the year immediately preceding the termination and (B) his Target Bonus target bonus under the Company’s then-current bonus plan, plan if any, less standard payroll deductions and withholdings.

Appears in 1 contract

Samples: Employment Agreement (Eloyalty Corp)

Severance Bonus. Employee will be paid a bonusbonus (the “Severance Bonus”), within seven (7) days following the effective date of termination, equal to 50100% of the average of (A) the annual bonus he was paid for the year immediately preceding the termination and (B) his Target Bonus target bonus under the Company’s then-current bonus plan, plan if any, less standard payroll deductions and withholdings.

Appears in 1 contract

Samples: Executive Employment Agreement (Eloyalty Corp)

Severance Bonus. Employee will be paid a bonus, within seven bonus (7the “Severance Bonus”) days following the effective date of termination, equal to 50100% of the average of (A) the annual bonus he was paid for the year immediately preceding the termination and (B) a reasonable estimate of his Target Bonus bonus for the year in which the termination occurs under the Company’s then-current bonus plan, plan if any, less standard payroll deductions and withholdings.

Appears in 1 contract

Samples: Executive Employment Agreement (Eloyalty Corp)

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