Examples of Accrued Annual Bonus in a sentence
If the Company terminates Executive’s employment for Cause or Executive terminates his employment other than for Good Reason, death or Disability, the Company shall pay to Executive immediately after the Date of Termination an amount equal to the sum of Executive’s Accrued Base Salary, Accrued Annual Bonus and Other Accrued Benefits and Executive shall not be entitled to receive any Severance Payment.
A decision was made by their Board to re-focus Spire Homes resources on their core landlord and development functions in both areas.
No NEO earned a bonus for the year ended December 31, 2021.(2) Represents the sum of (i) the NEO’s Accrued Annual Bonus plus (ii) the Cash Severance Payment, payable in the form of salary continuation in regular installments over the 12-month period following the date of termination.
If the Executive’s employment terminates on account of Disability, the Executive shall be entitled to receive any Accrued Obligations, any Accrued Annual Bonus, and any Accrued PSUs. For the avoidance of doubt, in the event of such termination, the Executive shall not be eligible to receive any payments or benefits pursuant to Section 6 or Section 7.
As used in this Supplement, the terms specified below shall have the following meanings: 2.1 “ Accountants ” – see Section 6.1. 2.2 “ Accrued Annual Bonus ” means the amount of any Annual Bonus earned but not yet paid with respect to any Company’s latest fiscal year ended prior to Executive’s Termination Date.