Basic Bonus Amount definition
Basic Bonus Amount has the meaning accorded such term in Section 2.03.
Basic Bonus Amount means an amount payable within 30 days after the Date of Termination, equal to Executive's target annual bonus opportunity for the year in which Executive's employment terminates times a fraction, the numerator of which is the number of days in such year ending on the Date of Termination and the denominator of which is 365.
Basic Bonus Amount. (each as defined in Section 2.04(a)(iii), 2.03(b)(ii) and 2.03(c), respectively, of the Retention Agreement). Notwithstanding any interpretation of the Retention Agreement to the contrary, the Parties agree that this sum shall be six hundred five thousand three hundred thirty seven dollars ($605,337.00). For purposes of this Agreement, notwithstanding any interpretation of the Retention Agreement to the contrary, the Parties agree further that the "Payment Period" pursuant to the Retention Agreement and this Agreement shall be thirteen (13) months measured from the Effective Date.
Examples of Basic Bonus Amount in a sentence
If the Executive's employment hereunder is terminated due to the Executive's Disability pursuant to Section 2(a)(ii) hereof, the Employer shall pay or provide to the Executive, the Executive's designated beneficiary or to the Executive's estate (i) the Basic Severance Amount, (ii) the Basic Bonus Amount and (iii) the Basic Benefits.
If the Executive's employment hereunder is terminated by the Employer Without Cause pursuant to Section 2(a)(iv), or due to the Executive's resignation for Good Reason pursuant to Section 2(a)(vi), the Employer shall pay or provide to the Executive (i) the Basic Severance Amount, (ii) the Basic Bonus Amount and (iii) the Basic Benefits.
More Definitions of Basic Bonus Amount
Basic Bonus Amount has the meaning accorded such term in Section 4.03.