Common use of Bonus Accruals Clause in Contracts

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 APAC New Buyer Employee, Seller shall remain responsible for paying to each such APAC 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 APAC 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 APAC 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.

Bonus Accruals. (A) Except as otherwise required by applicable Law and notwithstanding Notwithstanding any provision or policy to the contrary in any arrangement providing bonus compensation for any APAC U.S. New Buyer Employee, Seller shall remain responsible for paying to each such APAC U.S. 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 APAC U.S. 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 APAC U.S. New Buyer Employee shall participate in the applicable bonus compensation arrangement of the Applicable U.S. 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.