August Bonus Sample Clauses

August Bonus. The amount of the August Bonus, as defined in the Purchase Agreement, will not be known until after the Closing Date. Seller shall be responsible for 28/31sts of the August Bonus and Buyer shall be responsible for 3/31sts of the August Bonuses. Buyer shall pay the bonuses when due and Seller shall pay Buyer an amount equal to Seller’s pro rata share within five (5) days after receiving an invoice therefor. Transition Services Agreement Exhibit 4.2(j) 000 Xxxx Xxxxxx, 0xx Xxxxx Assignment of Lock-Box Exhibit 4.2(k)
Sample 1
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August Bonus. The amount of the August Bonus, as defined in the Purchase Agreement, will not be known until after the Closing Date. Seller shall be responsible for 28/31sts of the August Bonus and Buyer shall be responsible for 3/31sts of the August Bonuses. Buyer shall pay the bonuses when due and Seller shall pay Buyer an amount equal to Seller’s pro rata share within five (5) days after receiving an invoice therefor. Transition Services Agreement Exhibit 4.2(j) Exhibit 4.2(k) ASSIGNMENT OF LOCK BOX August 29, 2005 Bank of America, Attn: Xxxx Xxxxx 000 Xxxx Xxxxxx, 0xx Xxxxx XX0-000-00-00 Xxxxxx, XX 00000-0000 Dear Xx. Xxxxx, Please accept this letter as authorization to transfer ownership of lockbox #LAC-057074 in the name of Horizon Health Corporation d/b/a ProCare One Nurses to CareerStaff Unlimited, Inc. effective Monday, August 29, 2005. As of this date, CareerStaff Unlimited, Inc. will assume 100% ownership in the member interests of ProCare One Nurses from Horizon Health Corporation. This lockbox is currently assigned to account #4795126680 in the name of Horizon Health Corporation d/b/a ProCare One Nurses, LLP. In conjunction with this transfer of ownership, please reassign lockbox #LAC-057074 to account #3756305519 with an ABA of 000000000 in the name of Sun Healthcare Group, Inc. Thank you for your assistance in this matter. If you have any questions or need additional information, please contact Xxxxx Xxxx at 000-000-0000. Thank you, Xxxx Xxxxx Sr. VP of Finance Assignment of Lock-Box Exhibit 4.2(k) Exhibit 4.3(a) CLOSING CERTIFICATE I, , the of Horizon Health Corporation, a Delaware corporation, (“Seller”) do hereby certify to CareerStaff Unlimited, Inc., a Delaware corporation (“Buyer”) in connection with the sale by Seller of Seller’s one hundred percent (100%) membership interest in ProCare One Nurses, LLC, a Delaware limited liability company, as set forth in that certain Membership Interest Purchase Agreement dated as of August 22, 2005, between the Seller and Buyer (the “Purchase Agreement”), that: 1. I am authorized to execute and deliver this Certificate in the name of and on behalf of Seller; 2. The representations and warranties of Seller contained in the Purchase Agreement or in any certificate or document delivered in connection with the Purchase Agreement or the transactions contemplated therein are true at and as of the Closing Date as though such representations and warranties were then again made; and 3. Seller has performed its obligations...
Sample 1

Related to August Bonus

  • Annual Cash Bonus During the Term, Executive may be eligible to receive an annual cash bonus, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • Cash Bonus Executive shall be entitled to a fraction of any Cash Bonus for the fiscal year of the Company within which Executive’s termination of employment occurs which, based upon the criteria established for such Cash Bonus, would have been payable to Executive had he remained employed through the date of payment, the numerator of which is the number of days of such fiscal year prior to his termination of employment and the denominator of which is three hundred and sixty-five (365); and

  • 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.

  • Signing Bonus The Company will pay the Executive a signing bonus of $250,000, less social security contributions, income tax withholding, and any other applicable deductions, within 30 days following the Effective Date (“Signing Bonus”). If the Executive resigns his employment with the Company for any reason other than for Good Reason, or if Executive is terminated by the Company for Cause, and such resignation or termination occurs on or before the one-year anniversary of the Effective Date, the Executive will repay to the Company the Signing Bonus.

  • Pro-Rated Bonus Pro Rated Bonus" shall mean, a bonus equal to the product of (i) the bonus Employee did not receive but would have received under Section 1.4(b) if he had remained an employee through the end of the Employment Term, it being understood that the amount of such bonus Employee would have received shall be determined by reference to the average amount of bonus actually awarded to other officers who were at the same or comparable level of responsibility as Employee immediately prior to his termination, and (ii) a fraction, the denominator of which is 365 and the numerator of which is the number of days in the fiscal year being considered through the date of death, determination of disability or notice of termination of employment, whichever is applicable. In the event that a majority of SCI officers do not receive a bonus for the fiscal year being considered, then the Pro Rated Bonus shall not be applicable and Employee shall not be entitled to a Pro Rated Bonus. The Pro Rated Bonus, if any, payable to Employee shall be paid within 90 days after the date that bonuses, if any, are awarded for a majority of SCI officers for the year being considered.

  • Annual Bonus Compensation Executive shall be eligible to receive a bonus each Contract Year (“Annual Bonus”) as the Compensation Committee of the Board of Directors shall determine. Executive’s Annual Bonus shall be determined in accordance with the Company’s executive compensation policies as in effect from time to time during the Term and shall be based, in part, on his achieving his individual performance goals for the year and, in part, on the Company’s achieving its performance goals for the year.

  • Performance Bonus The Executive shall be eligible to receive an annual performance bonus, payable within sixty (60) days after the end of the fiscal year of the Employer, in an amount not to exceed twenty-five percent (25%) of the Executive's Base Salary for the applicable year. The amount, if any, shall be determined by the Board, or the appropriate committee thereof, and shall generally be based on a combination of organization-wide and individual performance criteria.

  • Bonus The Executive shall be eligible for Bonuses determined by the Board.

  • Target Bonus Executive will be eligible to receive an annual bonus of up to forty percent (40%) of Executive’s Base Salary, less applicable withholdings, upon achievement of performance objectives to be determined by the Board in its sole discretion (the “Target Bonus”). The Target Bonus, or any portion thereof, will be paid as soon as practicable after the Board determines that the Target Bonus has been earned, but in no event shall the Target Bonus be paid after the later of (i) the fifteenth (15th) day of the third (3rd) month following the close of the Company’s fiscal year in which the Target Bonus is earned or (ii) March 15 following the calendar year in which the Target Bonus is earned.

  • Bonus Amount For purposes of this Agreement, "Bonus Amount" shall mean the greater of (a) the target annual bonus payable to the Executive under the Incentive Plan in respect of the fiscal year during which the Termination Date occurs or (b) the highest annual bonus paid or payable under the Incentive Plan in respect of any of the three full fiscal years ended prior to the Termination Date or, if greater, the three (3) full fiscal years ended prior to the Change in Control.

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