Final Pro-Rated Bonus definition

Final Pro-Rated Bonus means the sum that results from multiplying the Annual Bonus that the Executive would have earned based upon the Company’s performance for the fiscal year in which the Date of Termination occurs had he continued employment through the last day of the fiscal year, by a fraction, the numerator of which shall be the number of days the Executive was employed during the fiscal year, through the Date of Termination, and the denominator of which shall be 365 (but in no event shall the pro-rated bonus exceed the pro-rated bonus target).

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Final Pro-Rated Bonus means the sum that results from multiplying the Annual Bonus the Executive would have earned for the fiscal year in which the Date of Termination occurs had he continued employment through the last day of that fiscal year, by a fraction, the numerator of which shall be the number of days the Executive was employed during the fiscal year, through the Date of Termination, and the denominator of which shall be 365 (the “Final Pro-Rated Bonus”); provided, however, in the event of a termination of employment

Final Pro-Rated Bonus means the sum that results from multiplying the Annual Bonus that the Executive

Examples of Final Pro-Rated Bonus in a sentence

• The Final Pro-Rated Bonus will be paid to the Executive’s estate on the same date that annual bonuses for the Termination Year are paid to Company executives generally under its executive incentive plan.

• The Final Pro-Rated Bonus will be paid to the Executive’s estate on the same date that annual bonuses for the Termination Year are paid to Company executives generally under its executive incentive plan, but no later than March 15th of the year following the Termination Year.

• Such Final Pro-Rated Bonus will be payable at the time annual bonuses are paid to Company executives generally under its executive incentive plan.

• The Final Pro-Rated Bonus will be payable to the Executive’s estate at the time annual bonuses for the Termination Year are paid to Company executives generally under its executive incentive plan.

• Such Final Pro-Rated Bonus will be (i) based on an assumed bonus of no less than the Annual Bonus received by the Executive (if any) for the fiscal year preceding the fiscal year in which the Date of Termination occurs and (ii) payable at the time annual bonuses are paid to Company executives generally under its executive incentive plan.

• The Company shall pay to the Executive a Final Pro-Rated Bonus on the later of the date annual bonuses for that fiscal year are paid to Company executives generally (but in any event prior to March 15 of the year following the performance year to which the Final Pro-Rated Bonus relates) and the date of the Company’s next regular payday for its executives that follows the expiration of sixty (60) calendar days from the Date of Termination.

• The Association may prescribe guidelines for dress or uniform, together with ornamentation or device, and may submit such rules with recommendations for their adoption and observance.

• The additional compensation and Final Pro-Rated Bonus set forth in the preceding clauses (A) and (B) will be paid to the Executive’s estate within 90 days after the Date of Termination.

• The additional compensation and Final Pro-Rated Bonus set forth in the preceding clauses (i) and (ii) will be paid to the Executive’s estate within ninety (90) days after the Date of Termination.

More Definitions of Final Pro-Rated Bonus

Final Pro-Rated Bonus means the sum that results from multiplying the Annual Bonus the Executive would have earned for the fiscal year in which the Date of Termination occurs had he continued employment through the last day of that fiscal year, by a fraction, the numerator of which shall be the number of days the Executive was employed during the fiscal year, through the Date of Termination, and the denominator of which shall be 365 (the “Final Pro-Rated Bonus”); provided, however, in the event of a termination of employment pursuant to Section 5(b), the numerator shall instead be the number of days the Executive was employed during the fiscal year, through his last day of active employment.

Final Pro-Rated Bonus means the sum that results from multiplying the Annual Bonus that the Executive would have earned based upon the Company’s performance for the fiscal year in which the Date of Termination occurs had he continued employment through

Final Pro-Rated Bonus that is due (determined in accordance with the definition set forth in Section 9 hereof), payable on the date annual bonuses for that fiscal year are paid to Company executives generally. Any equity granted the Executive pursuant to Section 4(c) hereof shall be governed by that Section 4(c) and by the Stock and Option Plan or any successor plan, any applicable agreements and any applicable Company securities trading policies. The Company shall have no obligation or liability to the Executive or his estate under this Agreement, other than as set forth expressly in this Section 5(a).