Integration Bonus Sample Clauses
The Integration Bonus clause establishes a financial incentive for successful completion of integration-related tasks or milestones, typically following a merger, acquisition, or implementation of new systems. This clause specifies the conditions under which the bonus is earned, such as achieving certain performance targets, completing integration within a set timeframe, or meeting specific operational objectives. Its core practical function is to motivate and reward key personnel or teams for efficient and effective integration, thereby aligning their interests with the overall success of the integration process and reducing the risk of delays or suboptimal outcomes.
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Integration Bonus. In addition to the bonuses set forth in Sections 4 and 5 of this Letter Agreement, you will be entitled to receive two special integration bonuses with respect to the performance of the Company for two specified periods after the Closing, subject to the following terms and conditions: If the Company achieves a $30 million synergy target during the Term and on or before the first anniversary of the Closing, as determined by the Board, or the Committee, in its reasonable discretion, you will receive a one-time cash bonus of $500,000, to be paid (subject to deferral at your election as provided in Section 9(c)) as soon as reasonably practicable following the date that such synergy target is achieved. If the Company achieves a synergy target of $45 million or more during the Term and on or before the 18 month anniversary of the Closing, as determined by the Board, or the Committee, in its reasonable discretion, you will receive a separate bonus of $500,000, to be paid (subject to deferral, at your election, as provided under Section 9(c) below) as soon as reasonably practicable after the date that such synergy target is achieved.
Integration Bonus. Employer shall pay employee a $25,000 bonus in the form of cash, stock options or some combination thereof within 30 days of completion of the technology integration of any acquired entity. Integration is defined to mean combining or integrating the acquired entity’s telephony systems, data networks and information technology systems into the Baby Universe enterprise. This bonus will not be paid for integration work regarding ▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇. In addition to the foregoing, this bonus will be paid upon the successful launch of either ▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇, ▇▇▇▇▇▇▇▇.▇▇▇ or a subsequent acquisition on a new front-end ecommerce system.
Integration Bonus. The Employee shall be entitled to a one-time payment in the form of a cash lump sum amount equal to $75,000, payable on the 90th day following the Effective Date, upon the successful completion of the preliminary objectives of the integration of the Company's business and operations with the business and operations of Thomson in connection with the transaction contemplated by the Merger Agreement, the general description of which objectives is attached hereto as Exhibit C.
Integration Bonus. Subject to the consummation of the Merger, and provided that the Executive satisfactorily performs her duties, as described in Section 2 above, as determined in good faith by the Company Board prior to the close of the Merger, and by the Chief Executive Officer or the President and Chief Operating Officer of Parent from and following the close of the Merger, and either the Executive remains employed by the Company through the Separation Date or the Executive’s employment is terminated by Parent or the Company other than for Cause on or prior to the Separation Date, the Executive will be entitled to receive a bonus (the “Integration Bonus”) in an amount equal to $200,000, payable as soon as practicable, but in no event later than, 15 calendar days following the Separation Date.
Integration Bonus. The Executive shall be eligible for an integration award of Shares based on the compounded annual growth in the book value per share of UAI (“Book Value Growth”) in the event that a “Change in Control” (as defined below) occurs on or prior to December 31, 2010. For purposes of this paragraph 4(d), a “Change in Control” is a transaction or a series of related transactions such that, following such transaction(s), a person or entity, or a group of persons or entities acting in concert, unaffiliated with Fox P▇▇▇▇ Capital International GP, L.P. controls shares representing more than fifty percent of the voting power of UAI. As soon as practical following a Change in Control, the UAI Board shall determine Book Value Growth for the period beginning on January 1, 2006 and ending as of the date the Change in Control occurred (the “CiC Date”). Book Value Growth of at least 10% (but less than 12%) shall result in a preliminary determination of 17,500 Shares, at least 12% (but less than 13%) in 26,250 Shares, at least 13% (but less than 15%) in 35,000 Shares and 15% or more in 52,500 Shares. Such Share figure shall then be multiplied by a fraction, the numerator of which is the consideration provided to former UAI shareholders in connection with the Change in Control and the denominator of which is the book value of the stake acquired of UAI, determined as of the CiC Date, by the unaffiliated persons or entities in connection with the Change in Control (the resulting figure, the “CiC Share Determination”). The Executive shall then be awarded, and shall vest in full, in a number of Shares equal to the CiC Share Determination, subject to the Executive being employed by the Company or one of its Affiliates immediately prior to the Change in Control. Any calculation or determination pursuant to the foregoing shall be made by the UAI Board in its sole discretion. For purposes of the foregoing, the book value of UAI as of December 31, 2005 was $17.51 per share. In the event that no Change in Control occurs on or prior to December 31, 2010, the UAI Board may elect, in its sole discretion, to award the Executive Shares in lieu of an award pursuant to the foregoing.
Integration Bonus. In the event Executive remains an employee through December 31, 2015 and successfully completes the transition of accounts to the purchaser of the Company’s U.S. Ankle Products and Toe Products (the “Transition Payment Requirements”), in the sole discretion of the Company, the Company will provide Executive a lump sum cash payment equal to One Hundred Thousand Dollars ($100,000.00) (“Transition Payment”), less payroll withholdings that the Company reasonably believes are required by law or elected by Executive for state and federal income taxes, FICA and other applicable payroll deductions. Subject to meeting the Transition Payment Requirements, the Transition Payment will be paid to Executive as soon as reasonably practicable after the Resignation Date.
Integration Bonus. Within 90 days after the Effective Date, you will receive a one-time integration bonus equal to 100% of your annual base salary.
Integration Bonus. You will be eligible for a one-time integration bonus once we hit our synergy goals. More specifics on this bonus opportunity will be provided separately.
Integration Bonus