Payments Upon a Change in Control. Within ten days following a Change in Control, the Company shall pay the Executive a lump sum cash payment equal to most recent annual bonus paid to the Executive pursuant to the Company's Bonus Plan (as defined in Paragraph 4.2(a)) prior to the Change in Control, prorated based on the number of days in the calendar year that have elapsed prior to the Change in Control.
Appears in 2 contracts
Sources: Employment Agreement (Southdown Inc), Employment Agreement (Southdown Inc)