Severance Bonus definition

Severance Bonus means: an amount equal to a pro rata portion of the aggregate bonus under the Executive Bonus Plan for the year in which the Executive incurs a Termination of employment plus any unpaid bonus earned under the Executive Bonus Plan for the year prior to the year in which Executive incurs a Termination of employment to which the Executive would otherwise have been entitled had his or her employment not terminated.

Severance Bonus means the greater of (I) the Executive's average Annual Bonus over the two calendar years preceding the Date of Termination and (II) the Executive's Target Bonus, unless the Executive terminates his employment for the reason set forth in Section 4(c)(ii), in which case the Severance Bonus shall be $2,200,000. For the purpose of calculating the Executive's average Annual Bonus hereunder, $1,300,000 shall be the Executive's Bonus for calendar year 2003; and

Severance Bonus shall have the meaning set forth in Section 6(a)(i).

Examples of Severance Bonus in a sentence

• Non-therapeutic groups, which19 were not led by mental health staff, operated on a limited basis during the reporting20 period.”100 This too is a marked and troubling drop-off in mental health programming for21 this population since the time of the overcrowding trial, when the Special Master reported 222324 99 Report of Dvoskin, Moore, & Scott, pp.

• Subject to the terms and conditions hereof, the Severance Bonus will be paid at the same time and in the same manner that bonus awards are paid to the Company’s other participants in the Bonus Plan, subject to payroll withholding taxes to the extent required under applicable law.

• Severance Pay – Severance Pay is the sum total of an Eligible Participant’s Salary Amount and Severance Bonus Amount.

• This amount will be reduced to 12 months of base salary ($750,000) in the event of a change in control for purposes of the 2003 Plan that is not a change in control for purposes of the CIC Plan and if Mr. Eklund’s termination is for good reason.(d) Amount reflects Severance Bonus Amount, which would have been zero as of December 31, 2020, subject to the same multiplier as would apply to base salary.

• Because automatic dispensing devices used to deliver solvents or reagents (e.g., for sample preservation and extractions) are not used to deliver critical volumes, these devices are exempt from daily verification.

More Definitions of Severance Bonus

Severance Bonus means, as of the Termination Date, the greater of the Prior 3 Year Average Cash Bonus or the Prior Year Cash Bonus.

Severance Bonus means with respect to

Severance Bonus means the actual incentive compensation payable to the Executive under the terms of the Management Incentive Compensation Program for the fiscal year in which the Executive experiences an Involuntary Separation from Service other than for Cause, prorated for the Executive’s actual period of service for the fiscal year, less any amounts previously paid to the Executive under the incentive compensation program for that fiscal year. If the incentive compensation formula under the Management Incentive Compensation Program for the fiscal year in which the Executive’s Involuntary Separation from Service other than for Cause occurs includes an individual performance component/goal, for purposes of calculating the actual incentive compensation payable to the Executive for that fiscal year the portion of the incentive compensation attributable to the achievement of the individual performance component/goal will be determined at target for that fiscal year.

Severance Bonus has the meaning assigned thereto in Section 5(a)(ii)(D) hereof.

Severance Bonus means Executive’s Target Award for the calendar year in which Executive is terminated, or to the extent greater and solely in the event of a CIC Severance, Executive’s Target Award for the calendar year in which the Change in Control occurs.

Severance Bonus shall have the meaning set forth in Section 10(a)(i) of this Agreement.

Severance Bonus means: an amount equal to a pro rata portion of the aggregate annual bonus under the Executive Bonus Plan for the year in which the Executive incurs a Termination of employment to which the Executive would otherwise have been entitled had her employment not been terminated, provided, however, for any bonus (or portion thereof) under the Executive Bonus Plan based on the individual attainment of goals and objectives, “Severance Bonus” shall mean, subject to the achievement of any metric or threshold as a precondition for eligibility to receive such bonus, an amount equal to the pro rata portion of the target bonus for the year in which the Executive incurs a Termination of employment, regardless of whether the Executive would otherwise have achieved such bonus had her employment not been terminated.