Separation Bonus. Within thirty (30) days following Executive’s termination, payment of a separation bonus in an amount equal to the target annual bonus to which Executive may have been entitled for the year in which Executive is terminated, prorated for the portion of the year in which Executive was employed.
Separation Bonus. In the Company’s sole discretion, and conditioned upon appropriate approval from the Compensation Committee, within forty-five (45) days following Executive’s termination the Company may pay Executive a separation bonus not to exceed fifty percent (50%) of the target annual bonus to which Executive may have been entitled for the year in which Executive is terminated, prorated for the portion of the year in which Executive was employed, provided any such payments will be made within forty-five (45) days following Executive’s termination with the Company.
Separation Bonus. On the sixtieth (60th) day following Executive’s termination, payment of a separation bonus in an amount equal to the target annual bonus to which Executive may have been entitled for the year in which Executive is terminated, prorated for the portion of the year in which Executive was employed.
Separation Bonus. The Company shall pay the Executive one and a half (1.5) times the average of the Target Bonus (as defined in Section 2.2 of the Employment Agreement) the Executive received from the Company for all fiscal years completed during the term of the Employment Agreement, paid in installments on the Company’s normal payroll dates for a period of 12 consecutive months, with a schedule that complies with, or is exempt from, Section 409A, and with each payment deemed to be a separate payment for purposes of Section 409A.
Separation Bonus. Effective July 1, 2007, the Authority will provide a separation package to employees who retire with ten (10) or more years of service at an amount of $550.00 for each full year of service. Interchange Managers will receive $600.00 for each full year of service. The separation bonus is subject to the following conditions: • ‘Authority service’ means full-time employment with the Turnpike Authority, Highway Authority, or a combination of both. Service time need not be continuous. • ‘Retire’ means that an employee must be eligible to retire into the Public Employees’ Retirement System (PERS) at the time of his/her separation of employment from the Authority. • A ‘full year’ of Authority service shall be defined by an employee’s anniversary date. In cases of employees having two (2) or more periods of Authority service, the separation bonus shall be calculated using the aggregate full years of service. • This benefit will be applied to payments made to the beneficiary of an employee who is employed by the Authority at the time of his/her death.
Separation Bonus. If the Step One Restructuring Transaction or the Step Two Restructuring Transaction is completed and the Executive resigns at any time within twelve (12) months of the completion of such Step One Restructuring Transaction or Step Two Restructuring Transaction, the Company shall pay to the Executive $8,333.33 in cash per month for up to twelve (12) months; provided, however, that the Company's obligation to pay such monthly amount to the Executive shall immediately cease once the Executive is employed by any other person."
Separation Bonus. The Company agrees to pay you, within five (5) business days following the Effective Date of the Release, a separation bonus in the amount of $35,000, less applicable state and federal payroll deductions.
Separation Bonus. On the later of the Termination Date or the Effective Date (as defined in Section 6(b)), the Company shall pay me a separation bonus of $500,000.00, less withholding for federal, state and local income and employment taxes and any other deductions the Company is required by law to make from wage payments to employees.
Separation Bonus. A bonus in an amount equal to Six Hundred Fifty Thousand Dollars $650,000 (the “Separation Bonus”), of which $450,000 shall be regarded as Employee’s annual bonus for fiscal year 2015 and paid in 2016 when bonuses in respect of fiscal year 2015 are paid to employees generally, and the remaining $200,000 shall be regarded as Employee’s annual bonus for fiscal year 2016 and paid in 2017 when bonuses in respect of fiscal year 2016 are paid to employees generally. For clarity, the Separation Bonus shall replace the Pro Rata Bonus (as defined in the Additional Separation Agreement), if Employee has executed the Additional Separation Agreement.
Separation Bonus. If the public offering contemplated by Section 3(j) is completed and the Executive resigns at any time following twelve (12) months of the completion of such public offering, the Company shall pay to the Executive $8,333.33 in cash per month for up to twelve (12) months; provided, however, that the Company's obligation to pay such monthly amount to the Executive shall immediately cease once the Executive is employed by any other person."
