Payment of Bonus. Within fifteen (15) days of such termination, the Company shall pay to the Executive his Target Bonus pursuant to Section 3(b), prorated for the number of days of employment completed by the Executive during the year in which his employment terminated.
Payment of Bonus. If Manager qualifies to receive the Incentive Bonus, the Annual Component of the Incentive Bonus will be paid on June 13, 1997, one-half of the Three Year Component of the Incentive Bonus will be paid on March 1, 1998 and the remaining one-half of the Three Year Component of the Incentive Bonus will be paid on March 1, 1999."
Payment of Bonus. If Manager qualifies to receive a cash award pursuant to this Agreement, two-thirds of the Award Payable (defined in Section 2(c) below) will be paid to Manager on March 1, 2001, and one third of the Award Payable will be paid to Manager on March 1, 2003. Payments under this Agreement will be made by Employer, unless Manager has transferred to a position with the Company or another subsidiary of the Company prior to the payment date, in which case the Award Payable will be prorated among the employers of Manager during the Performance Period on the basis of months worked for each affected employer.
Payment of Bonus. The bonus payable to each Participant (or his or her estate or other legal representative) for any fiscal year of the Company pursuant to this Bonus Plan shall be paid by the Company within 120 days following the close of such fiscal year.
Payment of Bonus. (a) Payment of your Retention Bonus will be subject to the consummation of the Merger, and the other terms and conditions set forth in this Retention Agreement, as well as to all applicable payroll withholdings and deductions.
(b) Subject to the foregoing, you will receive the sum of $890,000 of your Retention Bonus in the first regular payroll of Oracle, its subsidiary or affiliated company at Oracle’s option, after the first year anniversary of the date of the Appointment Time (the “Vesting Date”) subject to your Continued Employment Relationship through the Vesting Date.
(c) You must be employed by Oracle or one of its subsidiaries or affiliates, as designated by Oracle, on the Vesting Date to earn and receive your Retention Bonus. If your Employment Relationship is terminated for any reason prior to the Vesting Date, you will not earn and will not receive your Retention Bonus. In no circumstances could you or will you qualify for the benefits of this agreement if you qualify for the benefits of your severance agreement signed with Portal shortly before the Merger. Xxxxx Xxxxxx
Payment of Bonus. As long as the Employee has maintained Continuous Service with the Company or its successor from the Effective Date through the date of a Triggering Event, the Bonus will be paid to the Employee not later than five (5) business days after the date of the Triggering Event.
Payment of Bonus. The Company shall pay Employee any Bonus due hereunder no later than March 15th of the year following the year in which it is earned, provided, however, that before the Company is obligated to make any payments of Bonuses under Paragraph (b), the Company's Compensation Committee shall certify to the Board of Directors of the Company that the material terms and performance goals hereunder have been met, which determination shall be made by the Compensation Committee in its sole discretion.
Payment of Bonus. Provided you are employed by the Company on each date such payments are made, you shall be eligible to receive Bonuses as follows:
Payment of Bonus. If eligible, the Employee will receive the Bonus on the first regular pay date following the end of the Qualifying Period. Subject to the provisions of the following paragraph, payment of the Bonus is contingent upon the Employee’s continued employment with the Employer for the entire Qualifying Period. Payment of the Bonus is also subject to all applicable payroll withholdings and deductions. If the Employee’s employment with the Employer terminates before the end of the Qualifying Period for any reason, including, without limitation, the death or disability of the Employee, other than solely resulting from (a) the Employee’s resignation with Good Reason or (b) the termination of the Employee’s employment without Cause, the Employee will not earn and will not be entitled to receive the Bonus (or any portion thereof), and the Employer shall have no further obligations under this Agreement. However, notwithstanding any other provision of this Agreement, if the Employee’s employment terminates before the end of the Qualifying Period because the Employee resigns for Good Reason or because the Employee’s employment has been terminated without Cause, the Employee will be entitled to the payment of the Bonus on the first regular pay date following the end of the Qualifying Period; provided, however, that the Bonus shall be reduced (but not below zero) by any cash severance payments made to the Employee due to such termination of employment pursuant to the terms of the Employee’s employment agreement (if any) with the Employer as of the date hereof or as it may be amended (the “Employment Agreement”). If the Bonus is paid hereunder, then following the payment of such Bonus, the Employee agrees that he or she shall forfeit any right to receive cash severance payments under the Employment Agreement upon any subsequent termination of employment. Solely for purposes of determining the Employee’s Bonus eligibility under the terms of this Agreement:
Payment of Bonus. Executive, or his estate if deceased, shall be entitled to any bonus payable for any bonus earned or declared to which Executive was entitled but not yet paid.
