Bonus Letters Sample Clauses

Bonus Letters. Contemporaneously with the execution of this Agreement, ------------- Parent is giving certain employees of the Company bonus letters entitling those employees to bonuses in the aggregate amount of Five Hundred Thousand Dollars ($500,000.00) if those employees remain employees through the second anniversary of the date of this Agreement or are terminated by Parent without cause prior to that second anniversary.
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Bonus Letters. 28 SECTION 5. ADDITIONAL COVENANTS OF THE PARTIES.................................... 28 5.1 Filings and Consents................................................... 28 5.2
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Bonus Letters. The Company shall use its best efforts (but shall not be required to provide any inducement other than that offered by the Bonus Letter) to ensure that each of the individuals identified by the Company on the date of this Agreement to receive a bonus pursuant to the Retention Plan has executed and delivered to the Company and Parent no later than the Closing Date, a Bonus Letter ("Bonus Letter") in form and substance approved by Parent and the Company on the date of this Agreement; and the Company shall inform each of such employees that no Company employee who has not executed and delivered a Bonus Letter is eligible to receive a bonus under the Retention Plan until such employee executes and delivers a Bonus Letter. SECTION 5.
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Bonus Letters. The Buyer shall have delivered duly executed Bonus Letters to all Retention Bonus Recipients.
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Related to Bonus Letters

  • Bonus Plans During the term of Employee's employment hereunder, Employee shall be eligible to participate in the Company's annual Executive Incentive Compensation Plan (the "EIC Plan") in accordance with the applicable provisions of the EIC Plan. The standard bonus for Employee under the EIC Plan shall be forty percent (40%) of Employee's base salary.

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

  • Bonus Plan Such bonus, if any, as shall be determined upon the recommendation of the CEO by the Board (or any designated Committee of the Board comprised solely of independent directors), shall be paid in accordance with the terms and conditions of the bonus plan established for the Company (“Bonus Plan”).

  • Incentive Bonus Plan Employee shall be eligible for a bonus opportunity of up to 65% of his annual base salary in accordance with the Company’s Incentive Bonus Plan as modified from time to time, payable in cash and/or equity of the Company (at the Company’s discretion). The bonus payment and the Company’s targeted performance shall be determined and approved by the Board or the compensation committee thereof.

  • Performance Bonuses The Executive will be eligible to receive an annual cash bonus at an annualized rate of up to 40% of his base salary, based on the achievement of reasonable individual and Company performance targets to be established by the Company and Parent.

  • 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.

  • Performance Bonus If Employee's employment is terminated by Employee with cause, or by Bank without cause, Employee shall be paid, in addition to the amounts payable under Sections 3.5 and 3.6 of the Agreement: (i) all non-forfeitable deferred compensation, if any; and (ii) unpaid performance bonus payments, if any, payable under Section 4.2 of the Agreement, which shall be declared earned and payable based upon performance up to, and shall be pro-rated as of, the date of termination. Employee shall not be entitled to such unpaid performance bonus payments if Employee's employment is terminated by Bank with cause, or by Employee without cause.

  • Severance Arrangements Grant or pay, or enter into any Contract providing for the granting of any severance, retention or termination pay, or the acceleration of vesting or other benefits, to any Person (other than payments or acceleration that have been disclosed to Acquirer and are set forth on Schedule 4.2(q) of the Company Disclosure Letter);

  • Equity Award The Executive will be eligible to receive equity awards, if any, at such times and on such terms and conditions as the Board shall, in its sole discretion, determine.

  • 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

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