Common use of Bonuses and Incentives Clause in Contracts

Bonuses and Incentives. Executive shall receive bonus payments from the Company for the 24 months following the month in which Executive’s employment is terminated in an amount for each month equal to one-twelfth of the average of the bonuses paid to Executive for the two calendar years immediately preceding the year in which such termination occurs (“Average Bonus”). Executive shall also receive a prorated bonus for the year in which Executive’s employment terminates equal to the Average Bonus multiplied by the number of days Executive worked in such year divided by 365 days. Any bonus amounts that Executive had previously earned from the Company (or its subsidiaries) but which may not yet have been paid as of the date of termination shall not be affected by this provision; provided, however, that if the amount of the bonus for such prior year has not yet been determined, the bonus shall be an amount not less than the Average Bonus. The bonus amounts determined herein shall be paid in a single lump sum payment, to be paid not later than 30 days after termination of employment; and, provided further, the amount of such lump sum payment shall be determined by taking the bonus payments (as of the payment date) to be made and discounting them to their Present Value on the date Executive’s employment is terminated.

Bonuses and Incentives. The Executive shall receive bonus ------------------------ payments from the Company for the 24 thirty-six (36) months following the month in which Executive’s his employment is terminated in an amount for each month equal to one-twelfth of the average ("Average Bonus") of the bonuses paid to Executive him for the two three calendar years immediately preceding the year in which such termination occurs (“Average Bonus”). Executive shall also receive a prorated bonus for the year in which Executive’s employment terminates equal to the Average Bonus multiplied by the number of days Executive worked in such year divided by 365 daysoccurs. Any bonus amounts that the Executive had previously earned from the Company (or its subsidiaries) but which may not yet have been paid as of the date of termination shall not be affected by this provision; provided, however, that if the amount of the . Executive shall also receive a prorated bonus for such prior any uncompleted fiscal year has not yet been determined, at the bonus shall be an amount not less than date of termination equal to the Average BonusBonus multiplied by the number of days he worked in such year divided by 365 days. The bonus amounts determined herein shall be paid in a single lump sum payment, to be paid not later than 30 days after termination of employment; andprovided, provided further, that the amount of such lump sum payment shall be determined by taking the bonus payments (as of the payment date) to be made and discounting them to their Present Value (as defined in Section III.8) on the date Executive’s 's employment is terminated.

Bonuses and Incentives. Executive shall receive bonus payments from the Company for each month of the 24 months following the month in which Executive’s employment is terminated Severance Period in an amount for each such month equal to one-twelfth of the average of the bonuses paid to Executive earned by him for the two calendar fiscal years in which bonuses were paid (ignoring any fiscal year in which a bonus was not paid) immediately preceding the fiscal year in which such termination occurs (“Average Bonus”). Executive shall also receive a prorated bonus for the year in which Executive’s employment terminates equal to the Average Bonus multiplied by the number of days Executive worked in such year divided by 365 daysoccurs. Any bonus amounts that Executive had previously earned from the Company (or its subsidiaries) but which may not yet have been paid as of the date of termination shall be payable on the date such amounts are payable to other executives and Executive’s termination shall not be affected by this provision; provided, however, that if affect the amount payment of the such bonus. Executive shall also receive a prorated bonus for any uncompleted fiscal year at the date of termination (assuming the Target Award level has been achieved for such prior year has not yet been determinedyear), based upon the bonus shall be an amount not less than the Average Bonusnumber of days that he was employed during such fiscal year. The bonus amounts determined herein shall be paid in a single lump sum payment, to be paid not later than 30 days after termination of employment; andprovided, provided further, that the amount of such lump sum payment representing the monthly bonus payments shall be determined by taking the monthly bonus payments (as of the payment date) to be made and discounting them to their Present Value on the date Executive’s employment under this Agreement is terminated.

Bonuses and Incentives. The Executive shall receive ---------------------- bonus payments from the Company for the 24 thirty-six (36) months following the month in which Executive’s his employment is terminated in an amount for each month equal to one-twelfth of the average ("Average Bonus") of the bonuses paid to Executive him for the two calendar years immediately preceding the year in which such termination occurs (“Average Bonus”). Executive shall also receive a prorated bonus for the year in which Executive’s employment terminates equal to the Average Bonus multiplied by the number of days Executive worked in such year divided by 365 daysoccurs. Any bonus amounts that the Executive had previously earned from the Company (or its subsidiaries) but which may not yet have been paid as of the date of termination shall not be affected by this provision; provided, however, that if the amount of the . Executive shall also receive a prorated bonus for such prior any uncompleted fiscal year has not yet been determined, at the bonus shall be an amount not less than date of termination equal to the Average BonusBonus multiplied by the number of days he worked in such year divided by 365 days. The bonus amounts determined herein (including the Average Bonus, any previously earned but unpaid bonus, and the prorated bonus for any uncompleted fiscal year) shall be paid in a single lump sum payment, to be paid not later than 30 days after termination of employment; andPROVIDED, provided furtherFURTHER, that the amount of such lump sum payment shall be determined by taking the bonus payments (as of the payment date) to be made and discounting them to their Present Value (as defined in Section 3(l)) on the date Executive’s 's employment is terminated.