Management Bonuses. Make, declare or permit bonuses or equity-based compensation to the officers and managers of the Loan Parties that exceed an amount equal to 5.00% of Consolidated EBITDA in the aggregate for any Fiscal Year (without giving effect to any add-back of such bonuses or equity-based compensation in determining Consolidated EBITDA).
Management Bonuses. The Company covenants and agrees that (a) the Management Bonuses shall be paid solely to Mogul Sub’s management, (b) the aggregate amount of Management Bonuses shall not exceed $1 million, and (c) not less than ten (10) business days prior to the Closing, it shall disclose to Parent the identity of each individual who will be paid a Management Bonus and the amount of Management Bonus to be paid to each such individual.
Management Bonuses. Seller shall have furnished to Buyer evidence reasonably satisfactory to Buyer of the payment of management bonuses to ROI's and Seller's executives for fiscal year 2004 or of arrangements to pay such bonuses out of the Purchase Price as and when paid at the Closing.
Management Bonuses. (i) Executive shall be entitled to the receipt of his remaining Management Bonus for fiscal year 2001 (as set forth in and calculated pursuant to the Incentive Plan, which is attached hereto and incorporated herein as Exhibit B). Executive acknowledges and affirms that, pursuant to the Incentive Plan, he has already received thirty five thousand six hundred twenty five dollars ($35,625.00), less applicable payroll deductions and tax withholdings, of his Management Bonus for fiscal year 2001, which was paid to his in or around August 2001. Executive further agrees that the amount of his remaining Management Bonus for fiscal 2001 will be paid to him, less applicable payroll deductions and tax withholdings, at the same time and in the same manner as payments are made to other participants in the Incentive Plan, as dictated by and provided for in the Incentive Plan, attached hereto as Exhibit B.
Management Bonuses. The Purchaser shall cause the Company to assume and honor, to the extent accrued in the Company’s Financial Statements, the annual incentive bonus obligations for the period from January 1, 2010 through the Closing Date, to each of the employees of the Company set forth on, and in the manner described in, Schedule 6.8(c) attached hereto.
Management Bonuses. ELFS will be charged for all bonuses paid to ELFS employees.
Management Bonuses. The Borrower shall promptly reimburse the Lenders for up to $225,000 representing amounts paid by the Lenders, if any, towards stay bonus arrangements for Old Coast Crane’s management.
Management Bonuses. At the Closing those individuals listed on Annex 4(p)(vii) to the Disclosure Schedule shall receive the amount of cash (payable by a check drawn on the Parent's U.S. dollar bank account) set forth against their name on such Annex in full payment and satisfaction of the Management Bonuses. The aggregate amount of the Management Bonuses shall be US$54,722.21.
Management Bonuses. During the Term, the Executive shall be entitled to receive (i) a management bonus comprised of twenty five percent (25%) of the Company’s net profits which are available in free cash flow and trued-up each quarter to be paid on a quarterly basis and (ii) additional compensation as may be granted to the Executive by the Board of Directors, in its sole discretion.
Management Bonuses. The Company shall pay prior to the Closing for all management and other bonuses or similar obligations related to, or that could become payable (whether immediately upon the Closing or within a period of time thereafter) in connection with, the consummation of the transactions contemplated by this Agreement (for the avoidance of doubt, such payment or accrual shall be for all amounts due or payable considering actual performance), in accordance with the terms of the agreements or instruments under which the Company became obligated to pay such bonuses or similar obligations. All such payments shall be net of any tax withholding required by applicable Law.
