STI Bonus. Other than as set forth in this Section 2.C., Executive acknowledges and agrees that he has been paid all bonuses he is owed by Western Digital through the Severance Date. Western Digital acknowledges and agrees that the bonus payment (if any) under the short-term incentive program (“STI”) of the Incentive Compensation Plan for the Second Half of Fiscal Year 2016 shall be paid in the ordinary course and no later than the Severance Date. Assuming a Severance Date of October 1, 2016, for the bonus cycle comprising the First Half of Fiscal Year 2017 (the period of July 2, 2016 - December 30, 2016), Executive shall receive a payment in the amount of One Hundred Twenty-Six Thousand, Twenty-Seven Dollars ($126,027), less standard withholding and authorized deductions, which represents a payment equal to Executive’s prorated bonus opportunity under the STI for the bonus cycle for the First Half of Fiscal Year 2017, assuming 100% of the performance targets are met regardless of the actual funding by Western Digital. In the event the Severance Date occurs earlier than October 1, 2016, the payment under this Section 2.C. shall be an amount equal to Executive’s prorated bonus opportunity under the STI for the bonus cycle in which the Severance Date occurs, assuming 100% of the performance targets are met regardless of actual funding by Western Digital, prorated based on the number of days from the beginning of the bonus cycle through the Severance Date, as determined by Western Digital. Executive will not be entitled to additional payments under the STI.
STI Bonus. Executive acknowledges and agrees that, except as set forth in this Section 2(a).C., he has been paid all bonuses he is owed by Western Digital through the Separation Date. For the STI bonus for the Fiscal 2019 bonus cycle, Executive shall receive a payment in the amount of Seven Hundred Eleven Thousand, Five Hundred Sixty Three Dollars ($711,563), less standard withholding and authorized deductions, which represents a payment equal to Executive’s prorated bonus opportunity (through the Separation Date) under the STI for the Fiscal Year 2019 bonus cycle, assuming 100% of the performance targets are met regardless of the actual funding by Western Digital. Such payment shall be made on or within thirty (30) days following the Separation Date. Except as set forth in this Section 2(a).C., Executive will not be entitled to additional payments under the STI.
STI Bonus. In addition, Employee shall be entitled to a cash payment in the amount of $_______, less applicable withholdings, representing fifty percent (50%) of Employee's target 2011 STI bonus, with such payment to be made in a lump sum in calendar year 2012 when bonuses are paid to the other officers, but in no event will such payment be made to Employee prior to the first day of the seventh month following her Separation Date or later than March 31, 2012.
