Employee Bonuses Sample Clauses

Employee Bonuses. 18.1 An annual cash bonus payment will be paid to each employee at the Company’s year end. Said cash bonus payment shall be in accordance with the Company policy.

Employee Bonuses. Beginning with the second (2nd) Project Year and for each Project Year thereafter, Operator shall pay to the Operator Personnel and the GE O&M Personnel as bonuses in the aggregate not less than twenty-five percent (25%) of the AFAA for each such Project Year; provided, however, Owner may pay, in Owner's sole discretion, additional bonuses to the Operator Personnel and the GE O&M Personnel during any Project Year.

Employee Bonuses. Other than as disclosed in the Prospectuses, there are no material bonuses, distributions, commissions, excess salary payments and other amounts owing to employees which will be payable outside the ordinary course of business by the Company or any subsidiary of the Company to any employee relating to their employment with the Company or any subsidiary of the Company.

Employee Bonuses. Company hereby covenants and agrees that, except to the extent disclosed in Part 3.16(a) of the Disclosure Memorandum, it will not pay or permit to be paid to any Employees or directors of any Seller any bonuses otherwise payable upon a change of control of any Seller or termination of employment or engagement.

Employee Bonuses. Immediately following the Closing, the ---------------- Surviving Corporation shall pay to certain key employees of the Company listed on Schedule 7.04 bonuses in the amount set forth after their respective names. Such bonuses shall be paid 55% in cash and 45% in Central Common Stock which shall have a value equal to the Average Central Trading Price (as hereinafter defined). The stock to be received by such key employees will be restricted stock and will vest in the name of such key employee 50% on the first anniversary of the Closing and 50% on the second anniversary pursuant to an agreement to be entered into between the Surviving Corporation and such key employee.

Employee Bonuses. Sellers shall have paid the Total Closing Bonus Payments no later than immediately prior to the Closing.

Employee Bonuses. On or prior to the Closing, the Company will cause one of the Target Companies to pay all bonus amounts payable to the applicable employees of the Target Companies as a result of the transactions contemplated by this Agreement (other than any amounts that are only payable if the applicable employee's employment is terminated), including those amounts that are disclosed on Schedule 2.10(i), with the payment of such bonus amounts having resulted in a dollar-for-dollar reduction in the amount of the Closing Date Cash and Cash Equivalents as compared to the amount the Closing Date Cash and Cash Equivalents would have been if such bonus amounts had not been so paid by the applicable Target Company.

Employee Bonuses. Parent shall determine and cause to be paid the bonuses for corporate, regional and community based eligible employees under and in accordance with the Company's or any Company Subsidiary's bonus policies or plans in effect on the date of this Agreement for the year ending January 3, 2003. For the period commencing January 4, 2003 until the Closing, the Company and any Company Subsidiary shall accrue bonus expense in accordance with the Company's or the Company Subsidiary's bonus policies or plans for purposes of Adjusted Working Capital.

Employee Bonuses. (a) Seller agrees to pay to the Company at the Closing (i) all amounts (the "Change-in-Control Amounts") required to be placed into escrow pursuant to Section 6 of the Employment Agreements in view of the Change in Control to be constituted by the consummation of the transactions contemplated by this Agreement and (ii) an amount equal to the sum of the escrow agent fees expressly set forth in Paragraph 18 of each of the Employee Escrow Agreements. In addition, at the Closing, Seller shall cause the Company to (i) execute and deliver each of the Employee Escrow Agreements and (ii) deposit into escrow in accordance with the terms of each such agreement the applicable Change-in-Control Amount. Following the Closing, Seller shall reimburse the Company, promptly following receipt of copies of invoices of the Escrow Agent (as defined in the Employee Escrow Agreements) reasonably satisfactory to Seller, for all reasonable out-of-pocket expenses incurred by the Escrow Agent in performing its duties under the Employee Escrow Agreements. Any amounts in respect of such out-of-pocket expenses incurred by the Escrow Agent not paid by Seller within ten days following receipt of such invoices shall be paid by the Purchaser and shall be deducted from the principal amount payable under the Promissory Note. (b) Following the Closing, Purchaser shall cause the Company to honor the terms of each of the Employment Agreements. (c) Seller agrees to pay when due any "retention" bonuses that may become due to any Existing Employees resulting from any agreement or promise existing prior to the Closing. Any amounts due but not paid by Seller within ten days following the applicable due date shall be paid by Purchaser and shall be deducted from the principal amount payable under the Promissory Note.

Employee Bonuses. The Company agrees that for the purpose of calculating employee bonuses for the Company’s 2006 fiscal year, the amount of $1,624,972 shall be added toward the revenues/sales achievement of the Company in 2006.