Common use of Separation Bonus Clause in Contracts

Separation Bonus. On the sixtieth (60th) day following Executive’s termination, payment of a separation bonus in an amount equal to the target annual bonus to which Executive may have been entitled for the year in which Executive is terminated, prorated for the portion of the year in which Executive was employed.

Separation Bonus. On the sixtieth Within thirty (60th30) day days following Executive’s 's termination, payment of a separation bonus in an amount equal to the target annual bonus to which Executive may have been entitled for the year in which Executive is terminated, prorated for the portion of the year in which Executive was employed.