Bonus Accruals Sample Clauses

Bonus Accruals. (A) Except as otherwise required by applicable Law and notwithstanding any provision or policy to the contrary in any arrangement providing bonus compensation for any Canada New Buyer Employee, Seller shall remain responsible for paying to each such Canada New Buyer Employee any and all Accrued Bonuses that relate to such individual. Seller shall pay, or cause to be paid, such bonuses in cash to each such Canada New Buyer Employee at the time such amounts are normally payable under the bonus arrangements of Seller or an Affiliate of Seller (subject to any applicable tax withholding, which shall be withheld, deposited and reported by Seller as required under applicable Law). For the avoidance of doubt, each such Canada New Buyer Employee shall participate in the applicable bonus compensation arrangement of the Applicable Buyer Affiliate for all periods after the time he or she becomes a New Buyer Employee, it being understood that, for a limited time, such bonus compensation arrangement shall resemble the applicable bonus compensation arrangement currently maintained by Seller. (B) To the extent applicable Law specifically prevents payment of such Accrued Bonuses pursuant to Section 9.3(b)(iii)(A) above, the Applicable Buyer Affiliate shall assume the payment responsibility for such Accrued Bonuses with respect to any affected Canada New Buyer Employee; provided, that, (1) to the extent permitted by applicable Law, the payment of such Accrued Bonuses shall be subject to the policies of the Applicable Buyer Affiliate regarding the requirement that such Canada New Buyer Employee remain in good standing with the Applicable Buyer Affiliate until the time of payment of such bonus, and (2) Seller shall reimburse U.S. Buyer or the Applicable Buyer Affiliate (as directed by U.S. Buyer) for the payment of the Accrued Bonuses that are assumed hereunder.