Examples of Highest Annual Bonus in a sentence
For these purposes, Highest Annual Bonus means the greater of the average of the bonuses received by the executive for the last three completed fiscal years preceding the year of termination, and the bonus payable for the most recently completed fiscal year.
The Executive shall be awarded an annual cash bonus for each fiscal year of the Company ending during the EffectivePeriod at least equal to the Highest Annual Bonus.
The cash payments described in this column (1) include the following components: Name Two Times Highest Base Salary ($) Two Times Highest Annual Bonus ($) Pro-Rata Annual Bonus ($) Total ($) Steven M.
If the Executive’s employment terminates during the Term by reason of the Executive’s Disability, this Agreement shall terminate without further obligations to the Executive under this Agreement, other than for payment of Accrued Obligations and the Highest Annual Bonus prorated through the Date of Termination.
If the Executive’s employment terminates during the Term by reason of the Executive’s death, this Agreement shall terminate without further obligations to the Executive’s legal representatives under this Agreement, other than for payment of Accrued Obligations and the Highest Annual Bonus prorated through the Date of Termination.