Incentive Bonus Pool. The aggregate amount available for payment of benefits under the Plan, as determined in Article IV based on the amount of the Investor Disposition Proceeds.
Incentive Bonus Pool. 36 SECTION 6.10 Recission of Repurchase Programs........................................... 36
Incentive Bonus Pool. Promptly following the execution and -------------------- delivery of this Agreement, the Seller will establish a bonus pool equal to $516,000 for employees of the Seller and Seller Subsidiaries (the "Bonus Pool"). The Bonus Pool will be used to:
(1) incent employees of the Seller and the Seller Subsidiaries to retain the Seller's customers;
(2) incent employees of the Seller and the Seller Subsidiaries to attain net income targets; and
(3) retain key employees of the Seller and the Seller Subsidiaries. The Bonus Pool will be administered by a committee of three persons: Xxxx X. Xxxxxx, President and Chief Executive Officer of the Seller, Xxxxxx X. Xxxxxxx, the President of the Company and Xxxx X. Xxxxxxx, the Senior Vice President and Chief Financial Officer of the Seller. The committee will designate participants, set targets and do all other things necessary to administer the Bonus Pool. The initial allocation of the Bonus Pool will be determined by Xxxx X. Xxxxxx and may thereafter be changed only with his written consent. The committee shall act by the decision of the majority of its members, except as stated in the previous sentence.
Incentive Bonus Pool. Subject to Section 8.1(b) and to the Retention Agreement of Founder, Parent shall pay to such Company Employees as Parent determines, after consultation with Founder, are eligible an aggregate of [***] (the "Incentive Bonus Pool"), [***], in three installments of [***] each on [***], or such earlier dates as Parent shall determine in its sole discretion (each an "Installment"); provided, however, that Parent may pay (i) up to [***] of the first Installment to employees who were not employees of Company prior to the Effective Time but who are employed at the time of payment of such Installment in connection with the business conducted by Company prior to the Effective Time (the "New Company Employees"), (ii) up to [***] of the second Installment to New Company Employees and (iii) up to [***] of the third Installment to New Company Employees. Subject to the Retention Agreement of Founder, Parent shall determine, after consultation with Founder, the actual amount of each Installment payable to Company Employees selected for payment in accordance with this Section 5.16. If Parent determines to pay an Installment in shares of Parent Common Stock, the number of shares to be issued shall be determined by dividing the dollar amount to be paid to Company Employees in Parent Common Stock by the average of the closing prices of Parent Common Stock as reported on the Nasdaq National Market during the five (5) trading days ending two (2) days prior to the date of issuance. THE SYMBOL "[***]" IS USED TO INDICATE THAT A PORTION OF THE EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THE OMITTED PORTIONS.
Incentive Bonus Pool. In addition to all compensation and other sums to be paid under this Agreement, Executive shall be eligible to receive thirty-five percent (35%) of an incentive bonus pool to be created by Company.
Incentive Bonus Pool. The payment of the Incentive Bonus Pool for department heads and general managers is the sole obligation of Sinclair Sellers. Asset Purchase Agreement Dated May 11, 2000 Among Sinclair Communications, Inc., et. al and Entercom Communications Corp.
Incentive Bonus Pool. Executive will be eligible to participate in any incentive bonus pool maintained for persons including executive officers of the Company. The Executive will be eligible to receive an annual bonus as per the incentive bonus pool of up to 100% of the then applicable Annual Base Salary, less applicable withholding taxes.
Incentive Bonus Pool. In addition to all compensation and other sums to be paid under this Agreement, Executive shall be eligible to receive no less than fifteen percent (15%) of an incentive bonus pool to be created by Company. Executive’s rights and obligations with respect to such incentive bonus pool will be identical in all respects to the rights and obligations of the Company’s Chief Executive Officer and President with respect to such incentive bonus pool, except that the Company’s Chief Executive Officer and President shall be eligible to receive a greater percentage of the incentive bonus pool.
Incentive Bonus Pool. 45 SECTION 6.11 Seller Share Purchases..................................... 45
Incentive Bonus Pool. Promptly following the execution and delivery of this Agreement, Seller will establish a bonus pool equal to $2,400,000 for employees of Seller (the "Bonus Pool"). The Bonus Pool will be used to:
(1) incent Seller's employees to retain Seller's customers;
(2) incent Seller's employees to attain net income targets; and
(3) retain key Seller employees during the period prior to the Effective Time. The Bonus Pool will be administered by a committee of three persons: Xxxxxx X. Xxxxxxx, President of the Company, Xxxxxxx X. Xxxxxx, Executive Vice President of Seller, and Xxxxxx X. Xxxxxxxx, President of the Seller, or other Seller employees reasonably acceptable to the Company. The committee will designate participants, set targets and do all other things necessary to administer the Bonus Pool. The committee shall act by the decision of the majority of its members.
