PRORATED PERFORMANCE BONUS

Example Definitions of "PRORATED PERFORMANCE BONUS"
PRORATED PERFORMANCE BONUS. Means the portion of the Performance Bonus, if any, that is payable with respect to a fiscal year which becomes due after a termination of this Agreement under Sections 5(c) or 9(b) hereof. The Prorated Performance Bonus will be calculated as follows: the Committee shall (a) determine the Performance Bonus to which Executive would have been entitled, had Executive been employed for the entire fiscal year, in accordance with Section 5(b)(i) hereof, (b) divide that amount by 52 to produce a... Weekly Amount; and (c) multiply the Weekly Amount by the number of weeks during the relevant fiscal year that Executive was employed by the Company. View More Arrow
Found in GTECH HOLDINGS CORP contract
PRORATED PERFORMANCE BONUS. Means the portion of the Performance Bonus, if any, that is payable with respect to a fiscal year which becomes due after a termination of this Agreement under Sections 5(c) or 9(b) hereof. The Prorated Performance Bonus will be calculated as follows: the Committee shall (a) determine the Performance Bonus to which Executive would have been entitled, had Executive been remained employed for the entire fiscal year, in accordance with Section 5(b)(i) hereof, hereof; (b) divide that amount by 52... to produce a Weekly Amount; and (c) multiply the Weekly Amount by the number of weeks during the relevant fiscal year that Executive was employed by the Company. View More Arrow
Found in GTECH HOLDINGS CORP contract
PRORATED PERFORMANCE BONUS. Means the portion of the Performance Bonus, if any, that which is payable with respect to a fiscal year 2003 (as provided in Section 5(b)(i)), or which becomes due after a termination of this Agreement under Sections 5(c) or 9(b) hereof. The Prorated Performance Bonus will be calculated as follows: the Committee shall (a) determine the Performance Bonus to which Executive would have been entitled, had Executive been employed for the entire fiscal year, in accordance with Section 5(b)(i) or (ii)... hereof, (b) divide that amount 3 by 52 to produce a Weekly Amount; and (c) multiply the Weekly Amount by the number of weeks during the relevant fiscal year that Executive was employed by the Company. View More Arrow
Found in GTECH HOLDINGS CORP contract
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