Sale Bonuses Sample Clauses

Sale Bonuses. The portion of the Sale Bonuses due at Closing shall be paid promptly after the Closing by the Company to the recipients (less applicable Tax withholdings) as part of its normal payroll process. The remaining portions of the Sale Bonuses shall be paid by the Company to the recipients when earned in accordance with their terms (less applicable Tax withholdings) as part of its normal payroll process. Any portion of the Sale Bonuses that is not earned shall be paid by the Company to the Seller promptly (and, in any event, within ten days) following the determination it will not be earned. The Company shall not amend, modify or waive any provision of the Sale Bonus letters issued to the recipients of Sale Bonuses without the prior written consent of the Seller.
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Sale Bonuses. (a) Pursuant to a Termination of Sale Bonus/Change of Control Agreement between TQI and Xxxxx Xxxxxxxxxx, dated as of the date hereof, immediately after the Closing, the Company shall cause TQI to pay to Xxxxx Xxxxxxxxxx an amount equal to $200,000 (the “Sale Bonus Payment”). (b) Pursuant to the written direction of HCI and/or Co-Investors, immediately after the Closing, the Company shall cause TQI to pay to Xxxx Xxxxxx an amount equal to $60,000 (such amount to be deducted from the amount otherwise payable to HCI and/or Co-Investors under this Agreement), which payment shall be made through a special payroll distribution.
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Sale Bonuses. Schedule 2.28 (the “Sale Bonus Schedule”) sets forth: (a) each employee of the Company Entities or other individual entitled to receive a Sale Bonus (collectively, the “Sale Bonus Recipients”), (b) the accurate amount of Sale Bonus payable to each such Sale Bonus Recipient, and (c) the aggregate amount of Sale Bonuses payable to all Sale Bonus Employees, collectively. The Sale Bonuses set forth in Schedule 2.28 (the “Scheduled Sale Bonuses”) constitute all of the Sale Bonuses payable by Seller and each Company Entity and no Sale Bonuses will remain unpaid or be payable after the payment of all of the Scheduled Sale Bonuses.
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Sale Bonuses. The Company does not have any obligation to pay any bonuses or award any compensation or other rights to payment to any Person, which may be contingent upon or triggered by the consummation of the transactions contemplated by this Agreement.
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Sale Bonuses. The term “Sale Bonuses” shall mean the aggregate amount of (i) all transaction, sale and change of control bonuses and similar payments, (ii) all payments in respect of stock appreciation, phantom stock or similar rights and (iii) all deferred cash compensation payable to employees of the Company.
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Sale Bonuses. Neither the Company nor any of its Subsidiaries has any obligation to pay any bonuses or award any compensation or other rights to payment contingent upon or coincident with the consummation of the Contemplated Transactions (“Sale Bonuses”) to any Person.
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Sale Bonuses. (i) At the Closing, the Company shall pay to each Sale Bonus Recipient a cash bonus in the amount set forth across from such Bonus Recipient’s name on Schedule II (the “Sale Bonuses”). The Sale Bonuses shall be made through the Company’s payroll system and the Company shall deduct and withhold, or cause to be deducted and withheld, from such payments such amounts as are required to be deducted and withheld with respect to such payments under the Code, or any provision of applicable U.S. federal, state, local or foreign Tax laws, including the employee’s share of FICA taxes and any applicable state, local or foreign payroll Taxes normally imposed on an employee with respect to compensation. To the extent that such amounts are so deducted and withheld, such deducted and withheld amounts shall be treated for all purposes of this Agreement as having been paid to the Sale Bonus Recipients in respect of which such deduction and withholding was made. For the avoidance of doubt, the Sale Bonuses (A) shall be deemed made on the Closing Date and any corresponding Tax deductions shall be allocated to the taxable period (or portion thereof) ending on the Closing Date and (B) shall be includible in each Sale Bonus Recipient’s income on the Closing Date.
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Related to Sale Bonuses

  • Annual Bonuses For each fiscal year during the term of employment, the Executive shall be eligible to receive a bonus in the amount, if any, as may be determined from time to time by the Board in its discretion.

  • Cash Bonuses The Chief Executive Officer shall determine the Executive’s right to receive cash bonuses. Cash bonuses shall be awarded annually based upon the Executive’s and the Company’s annual performance pursuant to the Company’s policy. 5.

  • Incentive Bonuses Executive shall be entitled to participate in such incentive bonus programs as the Board of Directors may adopt from time to time for members of senior management of the Company (“Incentive Bonus”).

  • Retention Bonuses (a) On or prior to the Closing Date, Sellers shall pay to each Transferred Entity Employee listed on Schedule 6.4(a) of the Sellers Disclosure Letter the bonus amounts listed opposite such Transferred Entity Employee’s name (collectively, the “Initial Retention Bonuses”). The Retention Bonuses, once paid, will not be included in the calculation of Working Capital. (b) Sellers shall pay directly to each Transferred Entity Employee listed on Schedule 6.4(b) of the Sellers Disclosure Letter, and be responsible for the employer portion of any payroll and employment taxes relating thereto and all related withholding (and Purchasers shall provide to Sellers such information and documentation as Sellers shall reasonably request related thereto), so long as such Transferred Entity Employee (i) is employed by a Transferred Entity or an Affiliate of Purchasers as of the Additional Retention Bonus Date (as defined below) and (ii) waives and releases any and all claims against Sellers and their Affiliates (not including Newco and Alkermes Gainesville), the bonus amounts listed opposite such Transferred Entity Employee’s name (collectively, the “Additional Retention Bonuses” and together with the Initial Retention Bonuses, the “Retention Bonuses”), which Additional Retention Bonuses shall be paid on December 15, 2015 or such other date prior to December 25, 2015 as Sellers may determine (the “Additional Retention Bonus Date”). Purchasers shall provide Sellers a list of Transferred Entity Employees employed by either a Transferred Entity or an Affiliate of Purchasers as of December 1, 2015 and shall be obligated to notify Sellers of any resignation or expected resignation of a Transferred Entity Employee prior to December 15, 2015. The Additional Retention Bonuses will not be included in the calculation of Working Capital.

  • 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.

  • Bonuses Executive shall be entitled to participate in discretionary bonuses or other incentive compensation programs that the Company and the Bank may award from time to time to senior management employees pursuant to bonus plans or otherwise.

  • Cash Incentive Bonus The pro rata share of any Cash Incentive Bonus that would have been paid to the Executive had the Executive not been terminated Without Cause based on the extent to which performance standards are met on the last day of the year in which the Executive is terminated Without Cause.

  • Bonus Payments No employee shall be required or requested to make any written or verbal agreement that will conflict with the terms of this Agreement. All employees must be paid weekly for all hours worked as provided in this Agreement. Any bonuses, commissions or other methods of payments over and above the requirements of this Agreement shall be in addition to the requirements of this Agreement and may not be used to offset such contractual requirements and shall not be subject to negotiations.

  • Annual Bonus Compensation Executive shall be eligible to receive a bonus each Contract Year (“Annual Bonus”) as the Compensation Committee of the Board of Directors shall determine. Executive’s Annual Bonus shall be determined in accordance with the Company’s executive compensation policies as in effect from time to time during the Term and shall be based, in part, on his achieving his individual performance goals for the year and, in part, on the Company’s achieving its performance goals for the year.

  • Bonus and Incentive Compensation Executive shall be entitled to equitable participation in incentive compensation and bonuses in any plan or arrangement of the Bank or the Company in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

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