Examples of Termination Year in a sentence
The Company will pay Executive a pro-rated portion of the Termination Year Bonus based on the percentage of the year that Executive was employed by the Company in the year of termination.
Following the end of the year in which Executive’s employment with the Company terminates, but no later than March 15 of such following year, the Committee, and if applicable, the Board, shall determine in good faith the Termination Year Bonus (as defined above).
For purposes of Paragraph 7(c), your “Target Incentive Compensation” for 2019 (your Termination Year) shall be deemed to be $1,388,333.33 and the definition of “Target Incentive Compensation” set forth in Paragraph 6 shall not apply.
Any Prorated Annual Bonus shall be paid in accordance with the applicable bonus plan at the same time annual bonuses are paid to senior executives of Employer generally, but in no event later than March 15 of the calendar year following the Termination Year.
Section 2.41 Termination Measurement Date(a) Except as set forth in paragraph (c), an Employee’s “Termination Measurement Date” shall be the last day of the last month in the Termination Year with respect to which contributions were required to be paid on his behalf.