BONUS ACCRUAL Sample Clauses

BONUS ACCRUAL. 2 1.4 WORKING CAPITAL PURCHASE PRICE ADJUSTMENT.......................................... 2 1.5
Sample 1
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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. 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
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

Related to BONUS ACCRUAL

  • 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.

  • Incentive Pay If the Termination Date is any day other than the last day of the plan year under the CIP, the Company shall pay to Executive an amount equal to a prorated portion of the award that would have been payable to Executive under the CIP for such plan year based on actual performance towards objectives, prorated based on the number of days of the plan year occurring through the Termination Date divided by 365. Any individual performance objectives applicable to Executive for the fiscal year shall be deemed to have been met at a level resulting in payout of 50% of the award amount allocated to such individual objectives. The payment shall be paid to Executive at the same time and in the same manner as CIP awards are paid to other executives of the Company pursuant to the CIP, but not later than 2 1/2 months following the end of the fiscal year in which the Termination Date occurs, provided that Executive has satisfied the conditions set forth in Section 12. Any separation pay that may become payable pursuant to this Section 10(c) is intended to be a short-term deferral not subject to the requirements of Section 409A of the Code.

  • 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.

  • 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.

  • Incentive Bonus Compensation The Executive shall be eligible for incentive bonus compensation for each Fiscal Year in an amount to be determined by the Board of Directors or any committee thereof ("INCENTIVE BONUS COMPENSATION").

  • Annual Bonus Compensation In addition to your Salary, during the Employment Term you shall be eligible to earn an annual bonus for each whole or partial calendar year during the Employment Term, determined and payable as follows (the “Bonus”):

  • 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”).

  • Bonuses and Incentive Compensation During the Employment Term, the Executive shall have opportunities for bonuses and shall have opportunities for incentive compensation comparable to those provided to other senior executives of the Company and shall be eligible to participate in all bonus and incentive compensation plans made available by the Company, from time to time, for its senior executives.

  • Cash Incentive Compensation During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual cash incentive compensation shall be 40 percent of the Executive’s Base Salary. Except as otherwise provided herein, to earn cash incentive compensation, the Executive must be employed by the Company on the day such cash incentive compensation is paid.

  • Incentive Bonus During the Term, Employee shall be eligible to receive an incentive bonus up to the amount, based upon the criteria, and payable in such amount, at such times as are specified in Exhibit A attached hereto. The manner of payment, and form of consideration, if any, shall be determined by the Compensation Committee of the Board, in its sole and absolute discretion, and such determination shall be binding and final. To the extent that such bonus is to be determined in light of financial performance during a specified fiscal period and this Agreement commences on a date after the start of such fiscal period, any bonus payable in respect of such fiscal period's results may be prorated. In addition, if the period of Employee's employment hereunder expires before the end of a fiscal period, and if Employee is eligible to receive a bonus at such time (such eligibility being subject to the restrictions set forth in Section 6 below), any bonus payable in respect of such fiscal period's results may be prorated.

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