ACCRUED MANAGEMENT BONUS Sample Clauses

ACCRUED MANAGEMENT BONUS. As promptly as practicable following June 30, 1998 or the Closing Date, whichever is later, Purchaser shall calculate the bonuses owed in accordance with the terms of The Xxxxxxx, Xxxxx Bonus Program ("BONUS PLAN") to management employees of Xxxxxxx Xxxxx who were hired by Purchaser immediately following the Closing and who are employed by Purchaser on June 30, 1998 ("BONUS RECIPIENTS"). If Xxxxxxx Adler's Pro Rata Share of the Actual Bonus Amount exceeds the Accrued Bonus Amount, then Sellers shall be jointly and severally liable to and shall promptly pay such excess to Purchaser; and if the Accrued Bonus Amount exceeds Xxxxxxx Adler's Pro Rata Share of the Actual Bonus Amount, Purchaser shall promptly pay such excess amount to Xxxxxxx Xxxxx. As used herein, the term "XXXXXXX ADLER'S PRO RATA SHARE OF THE ACTUAL BONUS AMOUNT" means the amount of bonus payments due Bonus Recipients for the twelve-month period ending June 30, 1998 (calculated in accordance with the Bonus Plan) multiplied by a fraction, the numerator of which is the number of days from July 1, 1997 through the Closing Date and the denominator of which is 365. Bonuses owed pursuant to the Bonus Plan shall be paid by Purchaser in the ordinary course of business consistent with Xxxxxxx Adler's past practice.
Sample 1
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ACCRUED MANAGEMENT BONUS. Any accrued Management Bonus earned by Employee shall become fully payable, subject to applicable withholding, and shall be paid in a lump sum payment within thirty (30) days of such termination.
Sample 1

Related to ACCRUED MANAGEMENT BONUS

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

  • Special Bonus In addition to the Annual Base Salary and Annual Bonus payable as hereinabove provided, if the Executive remains employed with the Company or its affiliated companies through the first anniversary of the Effective Date, the Company shall pay to the Executive a special bonus (the "Special Bonus") in recognition of the Executive's services during the crucial one-year transition period following the Change of Control in cash equal to the sum of (A) the Executive's Annual Base Salary and (B) the Highest Annual Bonus. The Special Bonus shall be paid no later than 30 days following the first anniversary of the Effective Date.

  • Recovery of Bonus and Incentive Compensation Any bonus and incentive compensation paid to you during a CPP Covered Period is subject to recovery or “clawback” by the Company if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.

  • Bonus and Incentive Compensation Executive shall be entitled to equitable participation in incentive compensation and bonuses in any plan or arrangement of the Bank or the Company in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

  • Long-Term Incentive Compensation Subject to the Executive’s continued employment hereunder, the Executive shall be eligible to participate in any equity incentive plan for executives of the Firm as may be in effect from time to time, in accordance with the terms of any such plan.

  • Accrued Salary On the Separation Date, the Company will pay you all accrued salary earned through the Separation Date, subject to standard payroll deductions and withholdings. You will receive these payments regardless of whether or not you sign this Agreement.

  • Cash and Incentive Compensation For clarification, it is understood by all parties that other than as specified herein, the Company is not obligated to award any future grants of stock options or other form of equity compensation to Executive during Executive's employment with the Company.

  • Annual Incentive Compensation (a) The Executive shall be eligible to receive annual bonus compensation, if any, as may be determined by, and based on performance measures established by, the Board of Directors upon the recommendation of the Compensation Committee of the Board of Directors (the “Committee”) consistent with the Employer’s strategic planning process and in consultation with the Executive, pursuant to any incentive compensation program as may be adopted from time to time by the Board of Directors, based on recommendations by the Committee (an “Annual Bonus”).

  • Annual Bonus In addition to Annual Base Salary, Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the “Annual Bonus”) in cash at least equal to Executive’s highest annual bonus for the last three full fiscal years prior to the Effective Date (annualized in the event that Executive was not employed by the Company for the whole of such fiscal year). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless Executive shall elect to defer the receipt of such Annual Bonus.

  • Management Fees and Compensation No Credit Party shall, and no Credit Party shall permit any of its Subsidiaries to, pay any management, consulting or similar fees to any Affiliate of any Credit Party or to any officer, director or employee of any Credit Party or any Affiliate of any Credit Party except:

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