Annual Bonus definition
Examples of Annual Bonus in a sentence
Upon his termination from employment, the Executive shall be entitled to receive a pro-rata portion of the Annual Bonus calculated based on the number of days actually employed during such year through the Date of Termination, regardless of whether he is employed by the Company through the conclusion of the fiscal quarter or year, as the case may be, on which the Annual Bonus is based.
In no event shall the Annual Bonus be paid later than sixty (60) days following the end of the fiscal year of the Company in which the Annual Bonus is earned, subject to cash availability.
The Annual Bonus shall be paid by the Company to the Executive promptly after determination that the relevant targets, if any, have been met, it being understood that the attainment of any financial targets associated with any bonus shall not be determined until following the completion of the Company’s annual audit and public announcement of such results and shall be paid promptly following the Company’s announcement of earnings.
The Annual Bonus shall be paid no later than one-hundred and eighty (180) days following the end of the fiscal year of Parent in which the Annual Bonus is earned, subject to cash availability.
Upon his termination from employment, the Executive shall be entitled to receive a pro- rata portion of the Annual Bonus calculated based upon the last day of the fiscal quarter in which his employment is terminated, regardless of whether he is employed by the Company through the conclusion of the fiscal quarter or year, as the case may be, on which the Annual Bonus is based.