Advanced Consultant Bonuses Sample Clauses

Advanced Consultant Bonuses. On September 10, 2019 the Company shall advance and pre-pay Meridian and Meridian agrees to advance and pre-pay each Consultant the amounts as set forth on Exhibit B as the “Advance Consultant Bonus” (collectively the “Advanced Consultant Bonuses”). Meridian agrees to repay the Company the amount of a Consultant’s Advanced Consultant Bonus should the Consultant have a Consultant Forfeiture Event (as defined below) or should this Agreement be terminated in a Cause Termination (as defined below) prior to the earliest to occur of (i) March 11, 2020, or (ii) an Emergence Event (as defined below) (the “Vesting Date”); provided, however that as long as a Consultant Event hasn’t occurred prior thereto, upon an AMH Event (as defined below) Meridian will no longer have an obligation to repay 75% of the Advanced Consultant Bonus and the remaining 25% will remain subject to repayment upon a Consultant Forfeiture Event occurring prior to a Vesting Date. In all cases if the Consultant has not previously had a Consultant Forfeiture Event then on the Vesting Date then Meridian will no longer have the obligation to repay the such Consultant’s Advance Consultant Bonus. If this Agreement is terminated by the Company for reasons other than a Cause Termination, then Meridian’s obligations to repay the Advance Consultant Bonuses shall lapse.
Sample 1
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Related to Advanced Consultant Bonuses

  • Incentive Bonuses The Employee shall be eligible to be considered for an annual incentive bonus with a target amount equal to 50% of his Base Compensation. Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Company's Board of Directors (the "Board") or its Compensation Committee. The determinations of the Board or such Committee with respect to such bonus shall be final and binding.

  • 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.

  • Performance Bonuses The Executive will be eligible to receive an annual cash bonus at an annualized rate of up to 40% of his base salary, based on the achievement of reasonable individual and Company performance targets to be established by the Company and Parent.

  • Long-Term Incentive Awards The Executive shall participate in any long-term incentive awards offered to senior executives of the Company, as determined by the Compensation Committee.

  • Annual Bonuses For each fiscal year during the term of employment, the Executive shall be eligible to receive a bonus in the amount, if any, as may be determined from time to time by the Board in its discretion.

  • Long-term Incentive Compensation Programs During the Employment Period, the Executive shall participate in all long-term incentive compensation programs (including, without limitation, programs providing for the grant of stock options and other equity-based awards) for key executives at a level that is commensurate with the Executive's participation in such plans immediately prior to the Effective Date, or, if more favorable to the Executive, at the level made available to the Executive or other similarly situated officers at any time thereafter.

  • Retention Bonuses Provided Executive becomes and remains an active employee of Mercantile, Mercantile will pay Executive retention bonuses in accordance with the following schedule:

  • Employees and Consultants Pubco does not have any employees or consultants, except as disclosed in the Pubco SEC Documents.

  • Compensation of Employees Compensate its employees for services rendered at an hourly rate at least equal to the minimum hourly rate prescribed by any applicable federal or state law or regulation.

  • Incentive Bonus Plan Employee shall be eligible for a bonus opportunity of up to 65% of his annual base salary in accordance with the Company’s Incentive Bonus Plan as modified from time to time, payable in cash and/or equity of the Company (at the Company’s discretion). The bonus payment and the Company’s targeted performance shall be determined and approved by the Board or the compensation committee thereof.

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