Contingent Bonus. The Company shall cause one of its Subsidiaries to pay a bonus to Management Members in the circumstances set forth in Exhibit A.
Contingent Bonus. After each fiscal year that ends during the Employment Period, the Board will consider granting to you a bonus, in such amount (if any) up to 50% of your Annual Base Salary as the Board may determine in its sole discretion. The Board expects to base its decisions with respect to bonus payments, if any, on corporate financial and strategic objectives (approximately 80%) and agreed to personal goals (approximately 20%).
Contingent Bonus. If the amount paid by the Company’s successor or acquiror in a Change in Control that occurs on or prior to July 17, 2022 results in a payment of $_____ per Company Common Share (inclusive of any escrow, holdback or similar arrangement, but exclusive of any earn-out or similar arrangement), Executive will receive a lump sum cash bonus (the “Contingent Bonus”) equal to $______, subject to Executive’s continued employment with the Company through the date such Contingent Bonus is paid. The Contingent Bonus will be paid within ten (10) business days following the closing of the Change in Control and is subject to applicable withholdings and taxes.
Contingent Bonus. A. Any Special Covenants to this Minor League Uniform Player Contract which entitles Player to receive bonus payments if he is retained by Club on a designated date or for a designated period shall be subject to the following: In the event Player is placed on the Restricted, Voluntarily Retired, Military, Disqualified or Ineligible List prior to the date upon which the bonus payment becomes due and payable to Player, payment of the bonus shall be suspended by Club until Player is reinstated to an Active List and reports to and is retained by Club for the number of days required by this Minor League Uniform Player Contract, including any special covenants.
B. In the event the official date of placement on any of the lists enumerated in Subparagraph (A) of this Paragraph XXI is later than the date Player ceased to be an active Player, the earlier date shall apply in determining the new date for payment of the Contingent Bonus following Player's reinstatement to an Active List of Club.
Contingent Bonus. A bonus described in paragraph 3.1.3.
Contingent Bonus. If VIVRA's earnings per share are $1.25 or more for ---------------- the fiscal year ended November 30, 1996 and if he is employed as its Chief Executive Officer throughout the period ending November 30, 1996, VIVRA shall then pay Xxxxx a bonus of $300,000 which was granted and accrued in previous years.
Contingent Bonus. If, by the date the Note matures (the "Termination Date"), the collective value of the Warrant (or the stock underlying same; "net" of the amounts required to acquire such Warrant or stock) and the options in Andrx stock on the Termination Date (the "Measuring Value") do not equal or exceed $1,400,000 (the "Target Value"), then Andrx shall make an additional payment to Employee in the amount by which the Target Value exceeds the Measuring Value on the Termination Date (the "Contingent Bonus"). Such payment shall be made within 30 days of Employee's presentation of an invoice for such amount, which invoice shall document Employee's determination of the Measuring Value. Notwithstanding the foregoing, (A) Andrx shall not be required to make the Contingent Bonus payment to Employee if the Measuring Value exceeded the Target Value for more than 180 days (which need not be consecutive) during any 12 month period prior to the Termination Date; provided, that for purposes of this calculation, (i) the value of Employer's stock shall only be included if there is a public or private market for such stock and (ii) the value of the Andrx options shall only include stock which Employee may at that time obtain through the exercise of such option, (B) in determining the Measuring Value, any stock sold by Employee prior to the Termination Date shall be valued at the sales price received by Employees or the price of such stock on the Termination Date, whichever is higher, and (C) if in dispute, Andrx and Employee shall in good faith attempt to determine the Measuring Value and shall submit that issue to binding arbitration.
Contingent Bonus. Issuer: A Subsidiary of the Company Bonus: Bonus of up to the maximum amount specified in the Management Member's subscription agreement with the Company, subject to the contingencies set forth below Contingency: Bonus will be paid to a Management Member following a Qualified IPO of a subsidiary of the Company (if a Qualified IPO occurs prior to June 1, 2005) if he or she is i) an employee of the Company or one of its subsidiaries on January 1, 2007 and ii) required to pay current income tax on compensation with respect to Class A Units prior to January 1, 2007 attributable to a final "determination" (as defined in Section 1313(a)(i) of the Code) of a valuation of such Units in excess of the valuation prepared by the Company's third party valuation firm; the bonus shall be an amount equal to the current income tax attributable to the "determination", subject to the maximum set forth above.
Contingent Bonus. Following the determination that any of the following milestones (each a “Milestone”) has occurred prior to the Scheduled Term Expiration, the Employee will be eligible for a Contingent Bonus:
a. the Money Remittance Business (as defined below) generates revenue of [***];
b. the Money Remittance Business generates revenue of [***] (the “Second Remittance Milestone”);
c. the EBITDA less CapEx (as defined below) of the Core Business (as defined below) for the twelve (12) months ended January 31, 2027 is [***];
d. The EBITDA less CapEx of the Core business for any four (4) consecutive fiscal quarters of the Company beginning with the quarter ending on October 31, 2023 through the Scheduled Term Expiration is [***]. With respect to any two Milestones (regardless of order of occurrence or listing above) whose conditions are satisfied, the Employee will receive, at his option (Employee’s election to exercise his option to make the following selection, a “Bonus Form Election”), either (i) a grant of a number of shares of the Company’s Class B common stock equal to the Share Number, which will be granted under the 2015 Plan (or any successor plan thereto) within thirty (30) days following determination that the Milestone has been met (a “Determination Date”), which shares shall vest in full upon grant, or (ii) a cash payment of ONE MILLION DOLLARS ($1,000,000) to be paid in three (3) substantially equal installments, the first such installment to be paid within thirty (30) days following the relevant Determination Date and the remaining installments on the first and second anniversaries of such Determination Date (all future payments of cash in respect of Contingent Bonuses earned during the Term, if any, the “Delayed Cash Contingent Bonus Payments”) .. Within seven (7) days following a Determination Date (unless Employee shall, prior thereto, have made two Bonus Form Elections) Employee shall provide written notice to the Company of his determination whether to make a Bonus Form Election in respect of such Milestone and, if so, what form of payment he has elected. With respect to any Milestones whose conditions are satisfied and in respect of which Employee does not make a Bonus Form Election, the Employee will receive, at the Company’s option, (i) a grant of a number of shares of the Company’s Class B common stock with value (based on the average of the closing prices for the Class B common stock on its principal trading market for the ten (10) trading days prec...
Contingent Bonus. Employee will be entitled to receive a bonus (the "CONTINGENT BONUS") pursuant to the Pamet River, Inc. Bonus Plan, a copy of which is attached hereto as EXHIBIT A (the "PLAN"), if and to the extent that the Division achieves the Operating Income Targets specified in the Plan. The determination of whether Employee is entitled to the Contingent Bonus, and the amount and method of payment of the Contingent Bonus with respect to any fiscal year, shall be governed by the provisions of the Plan.
