Commitment Bonus Sample Clauses

Commitment Bonus. To induce a commitment of the next 12 months, Executive shall by approved by the Board of Directors issued a Commitment Bonus of 10,000,000 shares of the Company’s Common Stock immediately.
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Commitment Bonus. The Contractor shall be eligible to receive a commitment bonus in the amount of $500.00 per vehicle or piece of equipment ONLY if ALL the following qualifications are met in accordance to the specified deadlines.
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Commitment Bonus. In recognition of Executive's commitment to be employed by the Company, in addition to any bonuses that may be earned by the Executive under any bonus compensation plans established by the Company, the Company will make a one-time payment of $50,000 to the Executive, on an agreed date, but not later than January, 1999.
Sample 1
Commitment Bonus. Due to the unique circumstances outlined above and the need for a stable transition of work, all Kansas City dispatchers who elect to move to Fort Worth and remain for 180 days in accordance with this agreement will receive a one-time commitment bonus of $5000.00. The commitment bonus will be paid within 30 days after the 180 day period expires. There will be no tax assistance for this payment.
Sample 1
Commitment Bonus. If a new Centrex sale results in a contract which commits the customer to a number of Centrex station lines which Ameritech identifies in the chart that follows here as the appropriate number of lines based upon the number of lines sold, the AD will be eligible to receive the commitment bonus. The commitment bonus increases the Upfront Commission Payment by fifteen percent (15%). Ameritech, in its sole discretion, will determine if a sale is eligible for the Commitment Bonus. The following schedule will be used to determine the applicability of the commitment bonus for ACS and ISDN Centrex. --------------------------------- ---------------------------- Number of Lines Sold Number of Lines Committed --------------------------------- ---------------------------- --------------------------------- ---------------------------- 2 - 7 2 8 - 25 7 26 - 50 25 51 - 100 50 101 - 200 100 over 200 200 --------------------------------- ---------------------------- The following schedule will be used to determine the applicability of the Commitment Bonus for Indiana Advanced Centrex: --------------------------------- ---------------------------- Number of Lines Sold Number of Lines Committed --------------------------------- ---------------------------- --------------------------------- ---------------------------- 11 - 21 11 22 - 101 22 102 - 251 101 252 - 1,001 251 over 1,001 1,001 --------------------------------- ---------------------------- The Commitment Bonus for ICB Centrex will be awarded if, and only if, the number of lines committed to by the customer equals at least eighty percent (80%) of the number of lines sold to the customer.
Sample 1
Commitment Bonus. If a new Centrex sale results in a contract which commits the customer to a number of Centrex station lines which Ameritech identifies in the chart that follows here as the appropriate number of lines based upon the number of lines sold, the AD will be eligible to receive the commitment bonus. The commitment bonus increases the Upfront Commission Payment by fifteen percent (15%). Ameritech, in its sole discretion, will determine if a sale is eligible for the Commitment Bonus. The following schedule will be used to determine the applicability of the commitment bonus for ACS and ISDN Centrex.
Sample 1
Commitment Bonus. Any current bargaining unit member employed as of September 1, 2023 and still employed on October 1, 2026 will receive a one-time bonus of 3%. The bonus is based on the staff member’s current hourly rate of pay times the number of annual hours they were scheduled to work as of the conclusion of the 2025-2026 school year.
Sample 1
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Commitment Bonus. Within 5 days following the execution of this Agreement, the Executive will be entitled to payment of a cash bonus in the amount of $5,000,000.
Sample 1
Commitment Bonus. Full-time teachers placed at complex schools any time during the 2019-20 school year shall receive a one-time $1,500.00 commitment bonus. Part- time teachers placed at complex schools shall receive a one-time $750.00 commitment bonus.
Sample 1

Related to Commitment Bonus

  • Unused Commitment Fee Borrower shall pay to Bank a fee equal to ten-hundredths percent (0.10%) per annum (computed on the basis of a 360-day year, actual days elapsed) on the average daily unused amount of the Line of Credit, which fee shall be calculated on a calendar quarter basis by Bank and shall be due and payable by Borrower in arrears on the last day of each September, December, March and June.

  • Revolving Committed Amount If at any time after the Closing Date, the sum of the aggregate principal amount of outstanding Revolving Loans plus outstanding Swingline Loans plus outstanding LOC Obligations shall exceed the Revolving Committed Amount, the Borrower shall immediately prepay the Revolving Loans and Swingline Loans and (after all Revolving Loans and Swingline Loans have been repaid) Cash Collateralize the LOC Obligations in an amount sufficient to eliminate such excess (such prepayment to be applied as set forth in clause (vii) below).

  • The Commitment Subject to the terms and conditions of this Agreement, Lender agrees to make term loans to Borrower from time to time from the Closing Date and to, but not including, the Termination Date in an aggregate principal amount not exceeding the Commitment. The Commitment is not a revolving credit commitment, and Borrower does not have the right to repay and reborrow hereunder. Each Loan requested by Borrower to be made on a single Business Day shall be for a minimum principal amount set forth in the Supplement, except to the extent the remaining Commitment is a lesser amount.

  • L/C Commitment (a) Subject to the terms and conditions hereof, the Issuing Lender, in reliance on the agreements of the other Lenders set forth in Section 3.4(a), agrees to issue letters of credit (“Letters of Credit”) for the account of the Borrower on any Business Day during the Revolving Commitment Period in such form as may be approved from time to time by the Issuing Lender; provided that the Issuing Lender shall have no obligation to issue any Letter of Credit if, after giving effect to such issuance, (i) the L/C Obligations would exceed the L/C Commitment or (ii) the aggregate amount of the Available Revolving Commitments would be less than zero. Each Letter of Credit shall (i) be denominated in Dollars and (ii) expire no later than the earlier of (x) the first anniversary of its date of issuance and (y) the date that is five (5) Business Days prior to the Revolving Termination Date, provided that any Letter of Credit with a one-year term may provide for the renewal thereof for additional one-year periods (which shall in no event extend beyond the date referred to in clause (y) above). (b) The Issuing Lender shall not at any time be obligated to issue any Letter of Credit if (i) such issuance would conflict with, or cause the Issuing Lender or any L/C Participant to exceed any limits imposed by, any applicable Requirement of Law or (ii) any Lender is at that time a Defaulting Lender, unless the Issuing Lender has entered into arrangements, including the delivery of Cash Collateral, satisfactory to the Issuing Lender (in its sole discretion) with the Borrower or such Lender to eliminate the Issuing Lender’s actual or potential Fronting Exposure (after giving effect to Section 2.23(a)(iv)) with respect to the Defaulting Lender arising from either the Letter of Credit then proposed to be issued or that Letter of Credit and all other L/C Obligations as to which the Issuing Lender has actual or potential Fronting Exposure, as it may elect in its sole discretion.

  • Revolving Credit Commitment Fee The Borrowers shall pay to the Administrative Agent for the ratable account of the Lenders in accordance with their Revolver Percentages a commitment fee at the rate per annum equal to the Applicable Margin (computed on the basis of a year of 360 days and the actual number of days elapsed) on the average daily Unused Revolving Credit Commitments. Such commitment fee shall be payable quarter-annually in arrears on the last day of each March, June, September, and December in each year (commencing on the first such date occurring after the date hereof) and on the Revolving Credit Termination Date, unless the Revolving Credit Commitments are terminated in whole on an earlier date, in which event the commitment fee for the period to the date of such termination in whole shall be paid on the date of such termination.

  • Revolving Commitment Subject to the terms and conditions hereof and in reliance upon the representations and warranties set forth herein, each Lender severally agrees to make available to the Borrower such Lender's Revolving Commitment Percentage of revolving credit loans requested by the Borrower in Dollars ("REVOLVING LOANS") from time to time from the Closing Date until the Maturity Date, or such earlier date as the Revolving Commitments shall have been terminated as provided herein; PROVIDED, HOWEVER, that the sum of the aggregate outstanding principal amount of Revolving Loans shall not exceed ONE HUNDRED MILLION DOLLARS ($100,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 3.4, the "REVOLVING COMMITTED AMOUNT"); PROVIDED, FURTHER, (A) with regard to each Lender individually, such Lender's outstanding Revolving Loans shall not exceed such Lender's Revolving Commitment Percentage of the Revolving Committed Amount, and (B) the sum of the aggregate outstanding principal amount of Revolving Loans PLUS LOC Obligations PLUS Swingline Loans shall not exceed the Revolving Committed Amount. The initial advance of the Revolving Loans on the Closing Date shall consist solely of Base Rate Loans. Thereafter, Revolving Loans may consist of Base Rate Loans or Eurodollar Loans, or a combination thereof, as the Borrower may request; PROVIDED, HOWEVER, that no more than 15 Eurodollar Loans shall be outstanding hereunder at any time (it being understood that, for purposes hereof, Eurodollar Loans with different Interest Periods shall be considered as separate Eurodollar Loans, even if they begin on the same date, although borrowings, extensions and conversions may, in accordance with the provisions hereof, be combined at the end of existing Interest Periods to constitute a new Eurodollar Loan with a single Interest Period). Revolving Loans hereunder may be repaid and reborrowed in accordance with the provisions hereof.

  • Commitment Fees, etc (a) The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Lender a commitment fee for the period from and including the date hereof to the last day of the Revolving Commitment Period, computed at the Commitment Fee Rate on the average daily amount of the Available Revolving Commitment of such Lender during the period for which payment is made, payable quarterly in arrears on each Fee Payment Date, commencing on the first such date to occur after the date hereof. (b) The Borrower agrees to pay to the Administrative Agent the fees in the amounts and on the dates as set forth in any fee agreements with the Administrative Agent and to perform any other obligations contained therein.

  • Revolving Loan Commitment Each Lender with a Revolving Loan Commitment agrees to make loans on a revolving basis (“Revolving Loans”) from time to time until the Termination Date in such Lender’s Pro Rata Share of such aggregate amounts as the Company may request from all Lenders; provided that the Revolving Outstandings will not at any time exceed Revolving Loan Availability.

  • Loan Commitment Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Company herein set forth, the Lender hereby agrees to lend to the Company on the Closing Date and thereafter up to $16,000,000 in the aggregate (the "Loan") consisting of $8,000,000 of 7-year Tranche advances and $8,000,000 of 10-year Tranche advances. The Lender's commitment to make the Loan to the Company pursuant to this Section 2.1 is herein called the "Loan Commitment."

  • Total Commitment The sum of the Commitments of the Banks, as in effect from time to time.

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