Common use of Target Bonus Clause in Contracts

Target Bonus. In addition, the Executive shall be paid, in a single lump-sum payment on the Severance Payment Date, an amount equal to the Executive’s full Target Bonus for the fiscal year in which the Date of Termination occurs (the “Bonus Severance”).

Appears in 9 contracts

Samples: Employment Agreement (Skullcandy, Inc.), Employment Agreement (Skullcandy, Inc.), Employment Agreement (Skullcandy, Inc.)

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Target Bonus. In addition, the Executive shall be paid, in a single lump-sum payment on the Severance Payment Date, an amount equal to the Executive’s full Target Bonus for the fiscal year in which the Date of Termination occurs (the “Bonus Severance”)occurs.

Appears in 4 contracts

Samples: Employment Agreement (Skullcandy, Inc.), Employment Agreement (Skullcandy, Inc.), Employment Agreement (Skullcandy, Inc.)

Target Bonus. In addition, the Executive shall be paid, in a single lump-sum payment on the Severance Payment Date, an amount equal to 150% of the Executive’s full Target Bonus for the fiscal year in which the Date of Termination occurs (the “Bonus Severance”)occurs.

Appears in 2 contracts

Samples: Employment Agreement (Skullcandy, Inc.), Employment Agreement (Skullcandy, Inc.)

Target Bonus. In addition, the Executive shall be paid, in a single lump-sum payment on the Severance Payment Date, an amount equal to 200% of the Executive’s full Target Bonus for the fiscal year in which the Date of Termination occurs (the “Bonus Severance”)occurs.

Appears in 2 contracts

Samples: Employment Agreement (Skullcandy, Inc.), Employment Agreement (Skullcandy, Inc.)

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Target Bonus. In addition, the Executive shall be paid, in a single lump-sum payment on the Severance Payment Date, an amount equal to 250% of the Executive’s full Target Bonus for the fiscal year in which the Date of Termination occurs (the “Bonus Severance”)occurs.

Appears in 1 contract

Samples: Employment Agreement (Skullcandy, Inc.)

Target Bonus. In addition, the Executive shall be paid, in a single lump-sum payment on the Severance Payment Date, an amount equal to of the Executive’s full Target Bonus for the fiscal year in which the Date of Termination occurs (the “Bonus Severance”)occurs.

Appears in 1 contract

Samples: Employment Agreement (Skullcandy, Inc.)

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