Performance Cycle Bonus Payments Sample Clauses

Performance Cycle Bonus Payments. 38 ARTICLE 11 INDEMNIFICATION...............................................................39
Sample 1
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Performance Cycle Bonus Payments. Parent acknowledges that Times Mirror or HOL may have an obligation after the Effective Time to pay all or a portion of the performance cycle bonuses owing to Bruce R. Cameron, Anthony T. Farwell, Stuart J. Halperin and Steven B. Xxxxxxxx xxxxxxnt xx xxx xxxxxxxxxx axxxxxxxxx xxx xxxxh on Xxxxxxxx 0.00(x) (the "Employment Agreements"). If any of such persons elects not to accelerate the Determination Date (as defined in each Employment Agreement) of the Performance Cycle Amount (as defined below), Times Mirror shall advance payment in cash (which shall be by wire transfer of immediately available funds) to Parent for the payment by Parent of any performance cycle bonuses immediately prior to the date of payment as determined in accordance with Section 5.2 or like provision of each of the employment agreements set forth on Schedule 3.12(a) (such amount, the "Performance Cycle Amount"). If such persons collectively agree to accelerate the Determination Date of the Performance Cycle Amount, Times Mirror shall pay the performance cycle bonuses owing to such persons on or before the Closing Date.
Sample 1
Performance Cycle Bonus Payments. Parent acknowledges that Times Mirror or HOL may have an obligation after the Effective Time to pay all or a portion of the performance cycle bonuses owing to Brucx X. Xxxxxxx, Xxthxxx X. Xxxxxxx, Xxuaxx X. Xxxxxxxx xxx Stevxx X. Xxxxxxxx xxxsuant to the employment agreements set forth on Schedule 3.12(a) (the "Employment Agreements"). If any of such persons elects not to accelerate the 38 49 Determination Date (as defined in each Employment Agreement) of the Performance Cycle Amount (as defined below), Times Mirror shall advance payment in cash (which shall be by wire transfer of immediately available funds) to Parent for the payment by Parent of any performance cycle bonuses immediately prior to the date of payment as determined in accordance with Section 5.2 or like provision of each of the employment agreements set forth on Schedule 3.12(a) (such amount, the "Performance Cycle Amount"). If such persons collectively agree to accelerate the Determination Date of the Performance Cycle Amount, Times Mirror shall pay the performance cycle bonuses owing to such persons on or before the Closing Date.
Sample 1

Related to Performance Cycle Bonus Payments

  • Performance Cycle The Performance Cycle for this Award shall commence on May 1, 2006, and shall end on December 31, 2008.

  • Performance Bonus If Employee's employment is terminated by Employee with cause, or by Bank without cause, Employee shall be paid, in addition to the amounts payable under Sections 3.5 and 3.6 of the Agreement: (i) all non-forfeitable deferred compensation, if any; and (ii) unpaid performance bonus payments, if any, payable under Section 4.2 of the Agreement, which shall be declared earned and payable based upon performance up to, and shall be pro-rated as of, the date of termination. Employee shall not be entitled to such unpaid performance bonus payments if Employee's employment is terminated by Bank with cause, or by Employee without cause.

  • Performance Period For purposes of this Agreement, the term “Performance Period” shall be the period commencing on January 29, 2018 and ending on January 29, 2021.

  • Annual Performance Bonus In the discretion of the Company's Compensation Committee, the Executive shall be eligible to receive an annual performance bonus payable in cash for each full or partial fiscal year of the Company during the Employment Period in accordance with the Company's performance-based bonus program for Executive Officers.

  • Annual Bonus In addition to Annual Base Salary, Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the “Annual Bonus”) in cash at least equal to Executive’s highest annual bonus for the last three full fiscal years prior to the Effective Date (annualized in the event that Executive was not employed by the Company for the whole of such fiscal year). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless Executive shall elect to defer the receipt of such Annual Bonus.

  • Performance Bonuses The Executive will be eligible to receive an annual cash bonus at an annualized rate of up to 40% of his base salary, based on the achievement of reasonable individual and Company performance targets to be established by the Company and Parent.

  • Bonus Payment Executive will receive a lump-sum payment equal to one hundred fifty percent (150%) of the higher of (A) the greater of (x) Executive’s target bonus for the fiscal year in which the Change of Control occurs (as in effect immediately prior to the Change of Control) or (y) Executive’s target bonus as in effect for the fiscal year in which Executive’s termination of employment occurs, or (B) Executive’s actual bonus for performance during the calendar year prior to the calendar year during which the termination of employment occurs. For avoidance of doubt, the amount paid to Executive pursuant to this Section 3(b)(iii) will not be prorated based on the actual amount of time Executive is employed by the Company during the fiscal year (or the relevant performance period if something different than a fiscal year) during which the termination occurs.

  • Bonus Payments In addition to Base Salary, Executive shall be entitled, during the Employment Term, to participate in and receive payments from all bonus and other incentive compensation plans (as currently in effect, as modified from time to time, or as subsequently adopted) of the Company; provided, however, that nothing contained herein shall grant Executive the right to continue in any bonus or other incentive compensation plan following its discontinuance by the Board (except to the extent Executive had earned or otherwise accumulated vested rights therein prior to such discontinuance).

  • 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.

  • 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").

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