Bonus Letters Clause Samples

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. 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.
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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 Buyer shall have delivered duly executed Bonus Letters to all Retention Bonus Recipients.
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Related to Bonus Letters

  • Bonus Plans A bonus is a lump sum payment that is not a permanent increase to the base salary of the individual and may be granted at the discretion of the President. A bonus may be awarded at any time and may be used for a variety of salary adjustments including, but not limited to the following:

  • Employment Agreements Each of the persons listed on Schedule 9.12 shall have been afforded the opportunity to enter into an employment agreement substantially in the form of Annex VIII hereto.

  • 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.