Pro-Rated Bonus Amount definition
Pro-Rated Bonus Amount means any accrued but unpaid bonus for a completed bonus period, plus a pro-rated portion of the Executive's semi-annual bonus calculated as of the Termination Date. The portion of the semi-annual bonus payment shall be the amount of semi-annual bonus payable to the Executive with respect to the bonus period in which the Termination Date occurs, based on the actual financial performance of the Company for such bonus period, pro-rated by multiplying such amount by a fraction, the numerator of which is the number of days during the bonus period which occur prior to the Termination Date, and the denominator of which is one hundred eighty-two and one-half (182-1/2).
Pro-Rated Bonus Amount means any accrued but unpaid bonus for a completed bonus period, plus a pro-rated portion of the greater of (i) the average of the Executive's semi-annual bonus for the previous two similar seasons or (ii) the Executive's par target (100%) criteria semi-annual bonus for the current semi-annual season calculated as of the Change in Control date. In the case of a semi-annual bonus, the portion shall be the amount of semi-annual bonus paid or payable to the Executive with respect to the bonus period in which the Change in Control occurs, assuming the greater of criteria (i) or (ii) applied, pro-rated by multiplying such amount by a fraction, the numerator of which is the number of days during the bonus period in which the Change in Control occurs prior to the occurrence of the Change in Control, and the denominator of which shall be one hundred eighty-two and one-half (182-1/2).
Pro-Rated Bonus Amount means an amount equal to the Bonus that is determined to be payable for the Year in which the Date of Termination occurs, multiplied by a fraction, the numerator of which is the number of calendar days that have elapsed between the commencement of the performance period applicable to the Bonus and the Date of Termination, and the denominator of which is the total number of calendar days contained in the performance period.
Examples of Pro-Rated Bonus Amount in a sentence
Pro-Rated Bonus Amount" means any accrued but unpaid bonus for a completed bonus period, plus a pro-rated portion of the Executive's semi-annual bonus calculated as of the Termination Date.
The Pro-Rated Bonus Amount, if any, shall be paid at the time bonuses are generally paid by the Company.
A lump sum cash payment equal to the sum of (1) the Pro-Rated Bonus Amount; and (2) the Executive’s Highest Incentive Compensation multiplied by three (3).
Except as set forth herein, following payment of the Accrued Benefits, the Pro-Rated Bonus Amount, if applicable, and the Severance Amount, if applicable, the Company shall have no further obligations to the Executive or his estate or legal representative under this Agreement.
A lump sum cash payment equal to the sum of: (1) the Pro-Rated Bonus Amount; and (2) the Executive’s Highest Incentive Compensation multiplied by three (3).
More Definitions of Pro-Rated Bonus Amount
Pro-Rated Bonus Amount means an amount equal to (A) the $175,000, multiplied by (B) the Pro Rata Fraction.
Pro-Rated Bonus Amount means the annual bonus earned by Executive for performance during KLDiscovery’s fiscal year in which the Date of Termination occurs (with any subjective criteria treated as being achieved at not less than target performance) multiplied by a fraction (i) the numerator of which is the number of days Executive was employed by KLDiscovery in KLDiscovery’s fiscal year in which the Date of Termination occurs, over (ii) 365.
Pro-Rated Bonus Amount means an amount (if any) equal to the Bonus that is determined by the Board or appropriate Board committee to be payable for the Year in which the Date of Termination occurs, multiplied by a fraction, the numerator of which is the number of calendar days that have elapsed between the commencement of the performance period applicable to the Bonus and the Date of Termination, and the denominator of which is the total number of calendar days contained in the performance period.
Pro-Rated Bonus Amount shall have the meaning set forth in Section 5(b)(ii). (s) “Profits Unit Agreement” shall mean the Executive Common Unit and Profits Unit Agreement by and between the Partnership, Blizzard Management Feeder, LLC, and the Executive dated October 3, 2019 and amended July 6, 2020. (t) “Release” shall have the meaning set forth in Section 5(b). (u) “Release Expiration Date” shall have the meaning set forth in Section 21(c).