Bonus Accrual Sample Clauses

Bonus Accrual. A one-way trip is defined to be two (2) working train days.
Sample 1
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Bonus Accrual. 2 1.4 WORKING CAPITAL PURCHASE PRICE ADJUSTMENT.......................................... 2 1.5
Sample 1
Bonus Accrual. The Purchase Price shall be reduced by that portion of the amount owed to the employees of the Company for the calendar year 1999 under the Target Performance Bonus Program adjusted to reflect the portion of the bonus attributable to that portion of the calendar year prior to the Closing Date (the "Bonus Accrual"). Per-Se will submit to Purchaser a good faith estimate of the Bonus Accrual within five days prior to Closing (the "Estimated Bonus Accrual"). To the extent there is a discretionary portion of the bonus, the Parties shall work in good faith to determine the discretionary amount.
Sample 1
Bonus Accrual. Seller shall cause each Company to accrue an amount for a potential cash bonus to its employees for the period beginning on April 1, 2006 and ending on the Effective Date in respect of the Partners pursuant to the methodology described in the sample letter attached hereto as Schedule 6.06. The aggregate amount of such accrual is, as of the date hereof, estimated to be 1.2 million Euro for the Companies taken as a whole. Such amount shall be adjusted as necessary to reflect any related adjustments in the final Working Capital Amount. This bonus accrual shall operate as an offset to any amounts owed by Seller to Buyer under Section 10.11.
Sample 1
Bonus Accrual. The parties agree that the financial statements prepared by Amalgamated Charon for the fiscal period ending on the Closing Date (the "Closing Financial Statement") shall include an expense accrual for employee/independent contractors bonuses representing a total of 50% of Charon's earnings before interest, taxes and depreciation (all in accordance with Schedule 3.18) which amounts shall be paid by Amalgamated Charon to such employee/independent contractors no later that 60 days following the Closing Date. The Closing Financial Statements shall be prepared on a review engagement basis in a manner consistent with prior years. -37- 43 ARTICLE VII CONDITIONS PRECEDENT 7.1 CONDITIONS TO OBLIGATIONS OF PARENT, FL ACQUISITION CO., NOVA SCOTIA CO., EXCHANGECO AND FUTURELINK ALBERTA The obligation of Parent, FL Acquisition Co., Nova Scotia Co., Exchangeco and FutureLink Alberta to complete the transactions contemplated herein is subject to the fulfilment, or waiver by Parent, FL Acquisition Co., Nova Scotia Co., Exchangeco and FutureLink Alberta of the following conditions precedent on or before the Closing Date or such other time as is specified below:
Sample 1

Related to Bonus Accrual

  • Vacation Accrual Regular employees shall accrue hours of vacation with pay for each hour of compensation to a maximum of eighty (80) hours per biweekly work period according to the following schedule, commencing with the employee's hire date of his latest period of County employment.

  • Leave Accrual After the first 30 days of active military service in any one calendar year, employees shall not accrue City-paid vacation, holiday, or sick leave benefits or other forms of paid leave; provided, however, that any public employee on military leave for intermittent training periods shall continue to accrue the same vacation, sick, and holiday leave up to a maximum period of 180 cumulative days per calendar year as if the employee had not been on military leave.

  • Vacation Leave Accrual ‌ After a full-time employee has been in pay status for eighty (80) non-overtime hours in a calendar month, the employee will accrue vacation leave according to the rate schedule below. Vacation leave accrual for part-time employees will be proportionate to the number of hours the part-time employee is in pay status during the month to that required for full-time employment.

  • Sick Leave Accrual All eligible employees shall accrue sick leave at the rate of four (4) hours per pay period of continuous employment beginning with their date of eligibility. Eligible employees being paid for less than a full eighty (80) hour pay period shall have sick leave accruals pro-rated in accord with the schedule set forth in Appendix D.

  • 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.

  • Vacation Accrual Rates Laid off employees who are re-employed shall have the vacation accrual rate they held immediately prior to layoff restored.

  • Deferred Salary Leave Each employer ratifying this Agreement will establish or, as necessary, review and update a deferred salary leave plan consistent with Regulations issued by Canada Revenue Agency under the Income Tax Act. The parties may use the Application, Agreement, and Approval Form as a template (see Appendix H) for the deferred salary leave plan.

  • Interest Accrual Each Class of Notes will accrue interest on its Note Balance for each Interest Period until the Note Balance has been paid in full at a rate per annum equal to its Note Interest Rate for that Interest Period. Interest on the Class A-1 and Class A-2b Notes will be calculated for each Interest Period on the basis of the actual number of days in the Interest Period and a 360-day year. Interest on the Notes (other than the Class A-1 and Class A-2b Notes) for each Interest Period will be calculated on the basis of a 360-day year consisting of twelve 30-day months. Interest on each Note for each Interest Period will be due and payable on the related Payment Date.

  • Incentive Pay (1) For any calendar year: in which twenty-five percent (25%) of the number of members employed as of January 1 of each year are rated as either Level II or Level III in every phase of the PFT then (a) Members who are rated at Level II in all phases of the PFT will receive three hundred dollars ($300.00) in a one-time lump sum payment. (b) Members who are rated at Level III in all phases of the PFT will receive six hundred dollars ($600.00) in a one-time lump sum payment. (2) For any calendar year in which fifty percent (50%) of the number of members employed as of January 1 of each year are rated as either Level II or Level III in every phase of the PFT then: (a) Members who are rated at Level II in all phases of the PFT will receive six hundred dollars ($600.00) in a one-time lump sum payment. (b) Members who are rated at Level III in all phases of the PFT will receive nine hundred dollars ($900.00) in a one-time lump sum payment. (3) All lump sum payments referenced herein will be paid in February of the following year.

  • 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.

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