Grant of Bonus Sample Clauses

Grant of Bonus. Notwithstanding anything contained herein to the contrary, upon any payment of a cash bonus or other similar form of cash compensation by the Lender (or an affiliate of the Lender) to the Borrower, the full amount of such cash bonus or other similar form of cash incentive compensation, net of any applicable United States, Georgia or United Kingdom taxes, shall be paid to Lender by Borrower first towards the payment of all accrued and unpaid interest of the Loan as of that time, and secondly, if all accrued and unpaid interest of the Loan as of that time has been paid, towards the payment of the outstanding principal balance of the Loan as of that time.
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Grant of Bonus. Employee shall be entitled to an annual bonus (the -------------- "Bonus") determined as hereinafter provided.
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Grant of Bonus. In consideration of past and future services to the Company, the Company hereby grants to the Recipient a Bonus, payable on the terms and subject to the conditions hereinafter stated.
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Grant of Bonus. Employee shal1 be entitled to an annual bonus -------------- (the "Bonus") determined as hereinafter provided.
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Grant of Bonus. The Company hereby grants to the Grantee an aggregate cash bonus payment in an amount equal to $660,000 (the “Bonus”), subject to the terms and conditions set forth herein.
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Grant of Bonus. Subject to the Grantee’s continued employment with the Company or an affiliate upon the first to occur of a “Change in Control” (within the meaning of the EWT Holdings I Corp. Stock Option Plan) or an initial public offering of the common stock of EWT Holdings I Corp. or a parent or subsidiary (an “IPO”), the Grantee will be entitled to a bonus payment (the “Bonus”) determined as the product of 12,700 (the “Bonus Multiplier”) multiplied by the amount by which the “Fair Market Value” (as defined below) of a share of common stock of EWT Holdings I Corp. and any other securities into which such shares are changed or for which such shares are exchanged (each, a “Share”) exceeds $125 (the “Base Per Share Value”), but only to the extent the Fair Market Value does not exceed $175 (the “Maximum Per Share Value”). For purposes of the foregoing, “Fair Market Value” shall mean: (i) in the case of a payment upon a Change in Control, the closing cash consideration per Share, as calculated by the Company in its reasonable good faith discretion, or (ii) in the case of a payment upon an IPO, the closing price of a Share, as listed on the principal exchange on which such Shares are traded, as of the first trading day during which the Shares may be traded following any underwriters’ lockup entered into in connection with the IPO that is binding upon the Company’s senior management (the “IPO Valuation Date”).
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Related to Grant of Bonus

  • Grant of SARs Subject to the terms and conditions of the Plan, SARs may be granted to Employees and Consultants at any time and from time to time as shall be determined by the Committee, in its sole discretion. The Committee shall have complete discretion to determine the number of SARs granted to any Participant, provided that during any Fiscal Year, no Participant shall be granted SARs covering more than 500,000 Shares.

  • Grant of SAR The Company hereby grants to the Grantee under the Plan, as a separate incentive in connection with his or her employment and not in lieu of any salary or other compensation for his or her services, a Stock Appreciation Right (“SAR”) pertaining to all or any part of an aggregate of Shares shown on the attached notice of grant, which SAR entitles the Grantee to exercise the SAR in exchange for Shares in the amount determined under Paragraph 9 below.

  • Grant of PSUs For valuable consideration, receipt of which is hereby acknowledged, Hovnanian Enterprises, Inc., a Delaware Corporation (the "Company"), hereby grants the target number (“Target Number”) of performance share units ("PSUs") listed above to the Participant, on the terms and conditions hereinafter set forth. This grant is made pursuant to the terms and conditions of the 2020 Company Second Amended and Restated Stock Incentive Plan (the "Plan"), which Plan, as amended from time to time, is incorporated herein by reference and made a part of this Agreement. The actual number of PSUs, if any, that the Participant will be eligible to earn with respect to this Agreement (the “Earned PSUs”), subject to meeting the applicable service and performance vesting requirements, will equal the Target Number multiplied by the applicable “Performance Multiplier” as defined in Exhibit A hereto. Each Earned PSU represents the unfunded, unsecured right of the Participant to receive a Share on the date(s) specified herein. Capitalized terms not otherwise defined herein shall have the same meanings as in the Plan.

  • Incentive Bonus Compensation The Executive shall be eligible for incentive bonus compensation for each Fiscal Year in an amount to be determined by the Board of Directors or any committee thereof ("INCENTIVE BONUS COMPENSATION").

  • Grant of Stock Units Pursuant to the terms and conditions set forth in this Stock Award Agreement (including Section 1 above) and the Plan, the Administrator hereby grants to the Awardee named in Section 1, on the Grant Date set forth in Section 1, the number of Stock Units set forth in Section 1.

  • Incentive Bonus During the Term, Employee shall be eligible to receive an incentive bonus up to the amount, based upon the criteria, and payable in such amount, at such times as are specified in Exhibit A attached hereto. The manner of payment, and form of consideration, if any, shall be determined by the Compensation Committee of the Board, in its sole and absolute discretion, and such determination shall be binding and final. To the extent that such bonus is to be determined in light of financial performance during a specified fiscal period and this Agreement commences on a date after the start of such fiscal period, any bonus payable in respect of such fiscal period's results may be prorated. In addition, if the period of Employee's employment hereunder expires before the end of a fiscal period, and if Employee is eligible to receive a bonus at such time (such eligibility being subject to the restrictions set forth in Section 6 below), any bonus payable in respect of such fiscal period's results may be prorated.

  • Annual Bonus Compensation In addition to your Salary, during the Employment Term you shall be eligible to earn an annual bonus for each whole or partial calendar year during the Employment Term, determined and payable as follows (the “Bonus”):

  • Grant of Stock Option The Company grants to Employee the right and option (hereinafter referred to as the "Option") to purchase all or any part of up to ________ shares of the Company's Common Stock (the "Option Shares") on the terms and conditions set forth below and in the Plan.

  • Grant of RSUs The Company hereby grants to the Grantee the Award of RSUs, as set forth in the Award letter. An RSU is the right, subject to the terms and conditions of the Plan and this Agreement, to receive a distribution of a share of Common Stock for each RSU as described in Section 6 of this Agreement.

  • Grant of Stock Options This non-qualified Stock Option is granted under and pursuant to the Plan and is subject to each and all of the provisions thereof.

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