Average Cash Bonus

Average Cash Bonus. The average of the annual variable compensation bonuses paid in cash to the Executive for the three years immediately preceding the year in which the Executive's termination of employment occurs (or such shorter period during which the Executive has been employed by the Company and eligible to receive annual cash bonuses, or if the Executive was not employed by the Company or eligible to receive annual cash bonuses in any prior year, any annual cash bonuses that are required to be paid in... accordance with such contractual arrangement, or if none, then the annual cash bonus that would otherwise have been paid to the Executive for the year in which the Executive's termination of employment occurs based upon the actual achievement of applicable performance objectives). View More