Pro-Rata Annual Bonus
Pro-Rata Annual Bonus. An amount equal to (i) Employee's target annual Bonus (as defined in Section 7 hereof) for the calendar year that includes the date of Employee's termination of employment as determined pursuant to Section 7 hereof, multiplied by (ii) a fraction, the numerator of which is the number of days Employee was actually employed hereunder during such calendar year and the denominator of which is the number of days in such calendar year.
Pro-Rata Annual Bonus. An amount equal to the annual cash bonus that an Eligible Executive would have been entitled to receive for the fiscal year of the Company in which the Date of Termination occurs based on actual performance (as determined by the Committee following the end of such fiscal year in accordance with the LTIP or any successor plan thereto), multiplied by a fraction, the numerator of which is the number of days in such fiscal year during which such Eligible Executive was employed by the Company and...
View More
Found in
TALOS ENERGY INC. contract
Pro-Rata Annual Bonus. An amount equal to an Eligible Executive's Target Annual Bonus multiplied by a fraction, the numerator of which is the number of days in such fiscal year during which such Eligible Executive was employed by the Company and its Affiliates, and the denominator of which is 365; provided, however, the calculation of the Pro-Rata Annual Bonus shall not take into account any temporary reduction in such Eligible Executive's annualized base salary in connection with a general reduction in base salaries...
View More
Found in
ProPetro Holding Corp. contract
Pro-Rata Annual Bonus. An amount equal to an Eligible Executive's Target Annual Bonus multiplied by a fraction, the numerator of which is the number of days in such fiscal year during which such Eligible Executive was employed by the Company and its Affiliates, and the denominator of which is 365.
All Definitions
Found in
ProPetro Holding Corp. contract