Allocation of Bonus Pool Sample Clauses

Allocation of Bonus Pool. The Bonus Pool shall be allocated as specified in each Participant's Employment Agreement.
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Allocation of Bonus Pool. As soon as practicable but no later than sixty (60) days following the certifi cation of the Company's financial statements in respect of the fiscal year of the Company ending June 30, 2000, the Bonus Pool shall be allocated by the then most senior executive among Messrs. Angelo Xxxxxxxx, Xxxxph Xxxxxxxx, Gary Pxxxxxx xxx Xorge Xxxx, xx xuch individual's sole discretion, between (i) the Senior Executive Group, consisting of Messrs. Angelo Xxxxxxxx, Xxxxph Xxxxxxxx, Gary Pxxxxxx xxx Xorge Xxxx, xxx (ii) the Executive Group, consisting of the Chief Financial Officer, any Executive Vice President and such other employees of the Company as the Chairman shall in his discretion desig nate; provided, however, that no less than 5% of the Bonus Pool shall be allocated to the Executive Group. Except as hereinbelow provided, onefourth (1/4) of that portion of the Bonus Pool allocated to the Senior Execu tive Group in accordance with the immediately preceding sentence shall be allocated to each of the members of the Senior Executive Group (such individual's allocation, the "Bonus"), and that portion of the Bonus Pool allocated to the Executive Group in accordance with the immediately preceding sentence shall be allocated among the members of the Executive Group as determined by the Chairman in his sole discretion. If the employment of the Executive is terminated by the Company without Cause or by the Executive with Good Reason, he shall be entitled to receive 100% of his Bonus at such time as the Bonus otherwise becomes payable. If the employment of the Executive is terminated by the Company for Cause or by the Executive without Good Reason (A) during the first year of the Term, the Executive's right to receive any portion of the Bonus shall be forfeited or (B) during the second year of the Term, he shall be entitled to receive, at such time as the Bonus otherwise becomes payable, an amount equal to onehalf (1/2) of the Bonus otherwise attributable to him. In the event that, prior to Febru ary 1, 1999, the Company offers to the Executive an extension of his employment for at least one (1) year following the end of the Term on terms substantially similar to those provided herein and the Executive does not accept such offer, the Executive shall be entitled to receive, at the time such Bonus otherwise becomes pay able, an amount equal to twothirds (2/3) of the Bonus otherwise attributable to him. In the event that, prior to February 1, 1999, the Company does not offer to...
Sample 1
Allocation of Bonus Pool. (a) The allocation of the Bonus Pool to individuals designated as Participants shall be set forth in writing from time to time as determined by the Administrator and specified in the applicable Participant’s Participation Agreement. Each Participant’s payment under the Plan (his or her “Bonus Amount”) will be the amount set forth in such Participant’s Participation Agreement, as such amount may be modified pursuant to the terms of the Plan. The aggregate of the Bonus Amounts set forth in the Participation Agreements with all Participants may not exceed the Bonus Pool at any time.
Sample 1
Allocation of Bonus Pool. The portion of the pool allocated to the Plan participants is distributed 50 percent based on their weighted salary (using factors approved by the Committee each year) versus the total weighted salaries of all participants of the plan and 50 percent at the discretion of the Chairman of the Board and the Chief Executive Officer. The weighted salaries will be determined by multiplying the salary earned while a participant in the plan times the weighting factors as determined by the Chairman, the Chief Executive Officer and the Committee. If a participant moves from one level to another during the year, the different weighting factors is applied to the salary earned at each level and prorated.
Sample 1
Allocation of Bonus Pool 
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Related to Allocation of Bonus Pool

  • ALLOCATION OF CONTRIBUTIONS If the application is in good order, the initial Contribution will be applied within two Business Days of receipt at the Retirement Resource Operations Center. During the right to cancel period, all Contributions will be allocated in one or more of the Sub-Account(s) as specified in the application. During the right to cancel period, the Owner may change the allocations to the Sub-Accounts. Subsequent Contributions will be allocated to the Annuity Account in the proportion Requested by the Owner. If there are no accompanying instructions, then allocations will be made in accordance with standing instructions. Allocations will be effective upon the Transaction Date.

  • Allocation of Revenues All revenues relating to the Designated Property shall be allocated as follows: (i) 100% to CWEI before Payout and (ii) 1% to CWEI and 99% to the Participants after Payout, apportioned among the Participants in proportion to the percentages listed on Exhibit A attached hereto.

  • Allocation of Net Profits and Net Losses As of the last day of each Fiscal Period, any Net Profits or Net Losses for the Fiscal Period shall be allocated among and credited to or debited against the Capital Accounts of the Members in accordance with their respective Investment Percentages for such Fiscal Period.

  • Contribution Allocation The Advisory Committee will allocate deferral contributions, matching contributions, qualified nonelective contributions and nonelective contributions in accordance with Section 14.06 and the elections under this Adoption Agreement Section 3.04.

  • Allocation of Profits and Losses The Company’s profits and losses shall be allocated to the Member.

  • Gross Income Allocation If any Partner has a deficit Capital Account at the end of any Fiscal Year which is in excess of the sum of (i) the amount such Partner is obligated to restore, if any, pursuant to any provision of this Agreement, and (ii) the amount such Partner is deemed to be obligated to restore pursuant to the penultimate sentences of Treasury Regulations Section 1.704-2(g)(1) and 1.704-2(i)(5), each such Partner shall be specially allocated items of Partnership income and gain in the amount of such excess as quickly as possible; provided that an allocation pursuant to this Section 5.05(c) shall be made only if and to the extent that a Partner would have a deficit Capital Account in excess of such sum after all other allocations provided for in this Article V have been tentatively made as if Section 5.05(b) and this Section 5.05(c) were not in this Agreement.

  • Allocation of Consideration (i) Subject to Subsection 2.2(d)(ii), the aggregate consideration payable to the Participating Investors and the selling Key Holder shall be allocated based on the number of shares of Capital Stock sold to the Prospective Transferee by each Participating Investor and the selling Key Holder as provided in Subsection 2.2(b), provided that if a Participating Investor wishes to sell Preferred Stock, the price set forth in the Proposed Transfer Notice shall be appropriately adjusted based on the conversion ratio of the Preferred Stock into Common Stock.

  • Allocation of CDSCS (1) CDSCS RELATED TO THE REDEMPTION OF COMMISSION SHARES OTHER THAN OMNIBUS SHARES: CDSCs in respect of the redemption of Commission Shares which are not Omnibus Shares shall be allocated to PSI or Successor Distributor depending upon whether the related redeemed Commission Share is attributable to PSI or Successor Distributor, as the case may be, in accordance with Part I above.

  • Annual Adjustments Base Rent shall be increased on each annual anniversary of the first day of the first full month during the Term of this Lease (each an “Adjustment Date”) by multiplying the Base Rent payable immediately before such Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated.

  • Allocation of Profits Profits for any Year shall be allocated in the following order and priority:

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