Pro-Rata Target Bonus

Example Definitions of "Pro-Rata Target Bonus"
Pro-Rata Target Bonus. An amount equal to the Participant's Target Bonus for the year in which the Date of Termination occurs, multiplied by amount by the quotient obtained by 2 dividing (i) the number of days during the calendar year that the Participant was employed through the Date of Termination by (ii) the total number of days in the calendar year
Found in TGPX Holdings I LLC contract
Pro-Rata Target Bonus. An amount equal to the Participant's Target Bonus for the year in which the Date of Termination occurs, multiplied by amount by the quotient obtained by 2 dividing (i) i the number of days during the calendar year that the Participant was employed through the Date of Termination by (ii) ii the total number of days in the calendar year
Found in NextGen Acquisition Corp. II contract
View Variation
Pro-Rata Target Bonus. An amount equal to the annual bonus that an Eligible Executive would have been entitled to receive for the calendar year in which the Date of Termination occurs based on actual performance (as determined by the Committee following the end of such calendar year), multiplied by a fraction, the numerator of which is the number of days during which such Eligible Executive was employed by the Company in such calendar year, and the denominator of which is 365 (or 366 if the calendar year in which the... Date of Termination occurs is a leap year). View More
Found in Cobalt International Energy, Inc. contract
Pro-Rata Target Bonus. The Participant's Target Bonus for the year of termination, determined by multiplying the Participant's Target Bonus amount by the quotient obtained by dividing (i) the number of days during the year that the Participant was employed through the Qualifying Termination date by (ii) the total number of days in the year.
Found in Sonendo, Inc. contract
Pro-Rata Target Bonus. The Participant's Target Incentive Compensation for the year of termination, pro-rated by multiplying the Target Incentive Compensation by the quotient obtained by dividing (i) the number of days during the year that the Participant was employed through the Qualifying Termination date by (ii) the total number of days in the year.
Found in Hudson Executive Investment Corp. contract
Pro-Rata Target Bonus. Means, with respect to any Participant, a pro-rated portion of the Participant's Target Bonus amount for the year in which the Date of Termination occurs, determined by multiplying the Participant's Target Bonus for the year in which the Date of Termination occurs by a fraction, the numerator of which equals the number of days during which the Participant was employed by the Company or its subsidiaries during the calendar year in which the Date of Termination occurs and the denominator of which... equals 365 or 366 (as applicable). View More
Found in Vesper Healthcare Acquisition Corp. contract
All Definitions