Bonus Severance. A single, lump sum payment equal to the product of (A) the Executive’s target annual bonus as in effect for the fiscal year in which the Qualifying CIC Termination occurs, multiplied by (B) a ratio where the numerator is the number of full days during the fiscal year in which the Qualifying CIC Termination occurs that the Executive was employed by the Company and the denominator is three hundred and sixty five (365), less applicable withholdings.
Appears in 4 contracts
Sources: Change in Control and Severance Agreement (JFrog LTD), Change in Control and Severance Agreement (JFrog LTD), Change in Control and Severance Agreement (JFrog LTD)
Bonus Severance. A single, lump sum sum, cash payment equal to the product 100% of (A) the Executive’s target annual bonus as in effect Target Bonus for the fiscal year in which the Qualifying CIC Termination occurs, multiplied by (B) a ratio where the numerator is the number of full days during the fiscal calendar year in which the Qualifying CIC Termination occurs that multiplied by a fraction, the numerator of which is the number of days the Executive was employed by during the Company calendar year in which their termination occurred and the denominator of which is three hundred and sixty five (365), less applicable withholdings.
Appears in 4 contracts
Sources: Change in Control and Severance Agreement (Ibotta, Inc.), Change in Control and Severance Agreement (Ibotta, Inc.), Change in Control and Severance Agreement (Ibotta, Inc.)
Bonus Severance. A single, lump sum payment equal to the product one hundred percent (100%) of (A) the Executive’s target annual bonus as in effect for the fiscal year in which the Qualifying CIC Termination occurs, multiplied by (B) a ratio where fraction, the numerator of which is the number of full days during between (and including) the start of the fiscal year in which the Qualifying CIC Termination termination occurs that and the Executive was employed by the Company date of termination and the denominator of which is three hundred and sixty five (365), less applicable withholdings.
Appears in 3 contracts
Sources: Change in Control Severance Agreement (Roblox Corp), Change in Control Severance Agreement (Roblox Corp), Change in Control Severance Agreement (Roblox Corp)
Bonus Severance. A single, lump sum sum, cash payment equal to the product a pro-rated portion of (A) the Executive’s target annual bonus as in effect Target Bonus for the fiscal year in which the Non-CIC Qualifying CIC Termination occurs, multiplied by (B) a ratio where the numerator is based on the number of full days during the fiscal in such year in for which the Qualifying CIC Termination occurs that the Executive was employed by by, or provided service to, the Company and the denominator is three hundred and sixty five (365), less applicable withholdingsCompany.
Appears in 1 contract
Sources: Change in Control and Severance Agreement (Kinnate Biopharma Inc.)