Bonus Obligations. Each of the Sellers covenants and agrees that it shall pay, or cause to be paid, all of the bonuses earned by each Transferred Employee with respect to the first fiscal quarter of 2017 within 45 days following March 31, 2017.
Bonus Obligations. Company and its Subsidiaries have no employment agreements other than those described in the table attached hereto as Exhibit 8.1, and which Exhibit 8.1 specifies (a) the name of each employee, (b) the name, date and maturity date of such employee's respective employment agreement, and (c) the expected bonus compensation owing to such employee during the term of this Agreement. During the term of this Agreement, neither the Company nor its Subsidiaries shall extend or modify any of the employment agreements described on Exhibit 8.1 without the prior written consent of Agent and Lenders which may be granted or withheld by them in their discretion. In addition, during the term of this Agreement, neither the Company nor its Subsidiaries shall make any payments, including but not limited to regularly scheduled payments of principal, interest or other charges, on account of any subordinated debt, management fees to affiliates, dividends, bonus compensation to officers, including but not limited to special incentive bonuses, retention or other programs or charges, and whether or not such programs, bonuses or charges were previously announced (the "Bonus Obligations"), except for the following:
Bonus Obligations. Any and all bonuses or similar compensation that may be due to management or other employees of the Company through the Closing Date, whether by reason of the transactions contemplated by this Agreement, pursuant to any agreements with management or such employees or otherwise, shall have been paid by the Company and the Company shall have delivered to Buyer a certificate signed by an authorized officer of the Company, confirming that all such bonuses or similar compensation have been paid.
Bonus Obligations. At the Closing, Buyer shall pay the Bonus Obligations to Bitty Advance to an account designated by Seller in writing. The Company agrees to cause Bitty Advance to (i) no later than its next ordinary course payroll cycle following receipt of the Bonus Obligations, pay the Bonus Obligations through payroll to the Bonus Recipients, net of any required withholding Taxes, and (ii) timely deposit such withholding Taxes and the aggregate payroll, employment, or other Taxes required to be paid by or on behalf of the Company Group in connection with the Bonus Obligations with the applicable Governmental Body.
