Examples of Deemed Bonus in a sentence
In addition, for each calendar year within the Severance Period (including the calendar year in which the Termination Date occurs), the Company shall, within thirty (30) days after the end of each such calendar year, pay the Executive a bonus equal to the Deemed Bonus (as defined below).
Within thirty (30) days following the date of Executive's Covered Termination, Executive shall receive a lump sum cash payment equal to fifty percent (50%) of the sum of Base Pay plus Deemed Bonus, subject to applicable tax withholding.
In the event that Executive's date of termination is on or after January 1, 2004, "Deemed Bonus" shall be zero ($0.00).
In calculating such Deemed Bonus, it will be presumed that Executive would have earned a "1.0" score on all measures referenced in the Incentive Bonus formulae.
Within thirty (30) days following the date of Executive's Covered Termination, Executive shall receive a lump sum cash payment equal to one hundred percent (100%) of the sum of Base Pay plus Deemed Bonus, subject to applicable tax withholding.