INTERIM BONUS CALCULATION

INTERIM BONUS CALCULATION. Means, with respect to a Participant's or the Special Participant's unpaid Retention Bonus (as adjusted, if applicable, pursuant to Section 8(g)) as of any Interim Bonus Payment Date, the hypothetical interest which would accrue on the principal amount of such unpaid Retention Bonus (as adjusted, if applicable, pursuant to Section 8(g)) at the rate of ten percent (10%) per annum computed on the basis of a 365- or 366-day year, as appropriate, for the ... actual number of days elapsed during the period, commencing on the most recent prior Interim Bonus Payment Date or, with respect to the first Interim Bonus Payment Date, commencing on the Effective Date and ending on such Interim Bonus Payment Date. For purposes of making the Interim Bonus Calculation, in the event that a Participant forfeits all or part of such Participant's Retention Bonus, such amount shall be deemed to have been forfeited (and the Special Participant's Retention Bonus shall be deemed to be increased) as of the immediately preceding Interim Bonus Payment Date or, with respect to the first period for which Interim Bonus Calculation is calculated, as of the Effective Date. View More