Bonus Average

Bonus Average. For purposes of this Agreement, "Bonus Average" means the average Bonus paid to Executive during the three (3) most recent completed annual Bonus periods where Bonuses were determined (including a determination that the Bonus amount for the applicable Bonus period was zero) and ending on Executive's termination date (or, if Executive's termination date occurs prior to the completion of three (3) annual Bonus periods where Bonuses were determined (including a determination that the Bonus amount... for the applicable Bonus period was zero), the average Bonus paid to Executive during the number of completed annual Bonus periods where Bonuses were determined (including a determination that the Bonus amount for the applicable Bonus period was zero) and ending on Executive's termination date). If no completed annual Bonus period where Bonuses were determined (including a determination that the Bonus amount for the applicable Bonus period was zero) has occurred as of Executive's termination date, then "Bonus Average" will mean Executive's target Bonus amount for the year in which Executive's termination occurs. View More