Employment Period Bonus

Example Definitions of "Employment Period Bonus"
Employment Period Bonus. A bonus (either pursuant to a bonus or incentive plan or program of the Company or otherwise) in cash at least equal to the product of the average of the bonus payout ratio for the three years (or such shorter period as Executive has been employed by the Company) immediately preceding the Closing Date (expressed as a fraction) times the target bonus established by the Company for the year in question. For purposes of this definition, the parties acknowledge and agree that the bonus payout ratio... is the percentage of Executive's target bonus for the year(s) in question which was actually awarded to Executive in the year(s) in question View More
Employment Period Bonus. A bonus (either pursuant to a bonus or incentive plan or program of the Company Hancock or otherwise) in cash at least equal to the product of the average of the bonus payout ratio for the three years (or such shorter period as Executive has been employed by Hancock) prior to the Company) immediately preceding the Closing Effective Date (expressed as a fraction) times the target bonus established by the Company Hancock for the year in question. For purposes of this definition, the parties... acknowledge and agree that the bonus payout ratio is the percentage of Executive's target bonus for the year(s) in question which was actually awarded to Executive in the year(s) in question question. View More
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