Cash Incentives. Executive shall be entitled during his employment hereunder to participate in such of Company’s cash incentive plans and programs as may from time to time be provided by Company for its executive officers, in each case as determined by the Committee or the Board, as appropriate.
Cash Incentives. With respect to the fiscal year in which the Distribution occurs, (x) the applicable Spinco Entity shall maintain a bonus plan for the benefit of Spinco Group Employees with substantially the same terms and conditions (including performance goals and bonus targets, as equitably adjusted by Spinco following the Distribution to the extent necessary or appropriate to provide a substantially similar incentive opportunity) as the annual bonus plan applicable to such Spinco Group Employees immediately prior to the Distribution, (y) as soon as reasonably practicable following the end of such fiscal year, the applicable Spinco Entity will pay bonuses payable to each Spinco Group Employee based on the Performance Calculation, and (z) to the extent that such annual bonuses are not reflect in the Spinco Working Capital Adjustment (as the term is defined in the Distribution Agreement), Harbor shall reimburse Spinco for the prorated portion of the total of such bonus payments based on the applicable Spinco Group Employees’ service from the start of such fiscal year until immediately prior to the Distribution Date promptly but in no event later than thirty (30) days after the presentation of a statement setting forth the amount of reimbursement to which Spinco is entitled; provided, however, that, for the avoidance of doubt, no such reimbursement shall be payable with respect to any discretionary bonus payments made by any Spinco Entity to any Spinco Group Employee. Except as provided in the immediately preceding sentence, from and after the Distribution, Spinco shall be solely responsible for funding, paying, and discharging all obligations and Liabilities relating to the cash incentive awards that any Spinco Group Employee is eligible to receive under any commission plan in which the Spinco Group Employees participate, whether such obligation or Liability arises, accrues, is incurred or is reported prior to, on, or after the Distribution, and no Harbor Entity shall have any obligations or Liabilities with respect thereto.
Cash Incentives. At the Effective Time, the participation by each New BBX Capital Employee (other than those who are also Continuing Employees, in their capacities as Employees of Parent) in any cash annual bonus, commission, sign-on, retention, stay bonus, transaction bonus or similar plan or agreement of Parent or a Parent Group member shall end, and New BBX Capital or the New BBX Capital Entity which is the employer of the Employee shall assume all Liabilities with respect to such cash incentives.
Cash Incentives. At the Business Transfer Time, the participation by each SpinCo Employee in any cash annual bonus, commission, sign-on, retention, stay bonus, transaction bonus or similar plan or agreement of Cogint or a Cogint Group member shall end, and SpinCo shall assume all Liabilities with respect to such cash incentives provided to SpinCo Employees.
Cash Incentives. Employee will be entitled to receive: (i) on the Amendment Effective Date, a cash bonus equal to $66,667; (ii) on June 1, 2020, a cash bonus equal to $1,586,013, (iii) on the date that is twelve (12) months after the Effective Date, a cash bonus equal to 10.00125% of the Net Operating Income (as defined below) received by the Company (and/or its affiliates) from the Effective Date until the one-year anniversary of the Effective Date pursuant to that certain Master Manufacturing Agreement, dated as of November 13, 2017, by and between ECS Labs LLC and CBD LIFE SA DE CV (as amended, restated, modified or supplemented from time to time, the “Master Agreement”); and (iv) any other cash bonus awards approved by the Board of Directors of the Company (the “Board”); provided, however, upon any termination of this Agreement prior to the Expiration Date (as defined below), Employee shall remit to the Company a cash amount equal to the Excess Amount upon demand by the Company, and if the Excess Amount is not so repaid within ninety (90) days of such demand, the Company shall have the right to take any and all action to effectuate such remittance.”
Cash Incentives. Employee will be entitled to receive: (i) on the date that is thirty (30) days after the Effective Date, a cash bonus equal to $1,000,000; (ii) on the date that is one-hundred and twenty (120) days after the Effective Date, a cash bonus equal to $1,000,000, (iii) on the date that is twelve (12) months after the Effective Date, a cash bonus equal to 12.49875% of the Net Operating Income (as defined below) received by the Company (and/or its affiliates) from the Effective Date until the one-year anniversary of the Effective Date pursuant to that certain Master Manufacturing Agreement, dated as of November 13, 2017, by and between ECS Labs LLC and CBD LIFE SA DE CV (as amended, restated, modified or supplemented from time to time, the “Master Agreement”); and (iv) any other cash bonus awards approved by the Board of Directors of the Company (the “Board”); provided, however, upon any termination of this Agreement prior to the Expiration Date (as defined below), Employee shall remit to the Company a cash amount equal to the Excess Amount upon demand by the Company, and if the Excess Amount is not so repaid within ninety (90) days of such demand, the Company shall have the right to take any and all action to effectuate such remittance.
Cash Incentives. All cash incentives given to a teacher based on their plan elections or plan waivers will be paid as cash spread over 26 pay periods per year for teachers who are eligible for the full year.
Cash Incentives. During the period beginning as of the date of this Agreement and extending until the Distribution Date, except as set forth on Schedule 4.1 to this Agreement, with respect to Spinco Employees, for all cash incentive programs with performance periods of one year or less (including annual bonuses for 2021) (“Cash Incentive Programs”), Remainco shall establish target incentive opportunities, performance metrics, and other terms and conditions (including timing of payment and conditions to be entitled to payment) in the ordinary course of business and consistent with past practice. To the extent payments are due under any such Cash Incentive Program prior to the Distribution Date, Remainco shall pay, or cause to be paid, amounts under such Cash Incentive Programs to Spinco Employees in the ordinary course of business and consistent with past practice. To the extent payments are not due under any such Cash Incentive Program prior to the Distribution Date, Spinco shall, or shall cause a member of the Spinco Group to, pay amounts due under such Cash Incentive Programs to Spinco Employees in the ordinary course of business and consistent with past practice.
Cash Incentives. For 2012, Executive shall be entitled during his employment to an Incentive Opportunity Award providing for a payment at Target of 100 percent of his Blended Base Salary (as defined below). The actual amount of the 2012 Incentive Opportunity Award shall be determined based on the success of the transition of his former Chief Executive Officer duties, as determined by the Committee after consultation with Executive, the Chief Executive Officer and the Lead Trustee. Executive’s Blended Base Salary shall be equal to the sum of (a) the Base Salary paid hereunder for the period from January 1, 2012 to and including June 6, 2012, and (b) the Base Salary paid to Executive during 2012 from and after June 7, 2012. The Incentive Opportunity Award shall otherwise be subject to such of the terms and provisions of the awards for Named Executive Officers as the Committee shall deem appropriate. After January 1, 2013, Executive shall be entitled, during his employment hereunder, to receive such cash incentive awards on such levels and on such terms as from time to time may be determined by the Committee. Payments under this paragraph shall be made during the period January 1 through March 15 of the calendar year following the calendar year for which such Incentive Payment was earned.
Cash Incentives. To the extent payments are not due under any Designated Cash Incentive Program prior to the Merger Effective Date, Merger Partner shall, or shall cause a member of the Merger Partner Group to, pay amounts due under such Designated Cash Incentive Programs to Spinco Employees in accordance with the terms of the Designated Cash Incentive Program (as in effect as of the Closing Date) based on actual performance attainment for cash incentives associated with any performance period that has been completed or is in progress as of the Closing Date; provided that such Designated Cash Incentive Program has been disclosed on Section 2.16(a) to the Remainco Disclosure Letter or has been adopted prior to the Distribution Date in compliance with Section 4.2 of the Merger Agreement.
