Success Bonuses. The parties to the collective agreement agree: If the “practical test during the apprenticeship period” is reintroduced, the provision on success bonuses (Section 6 item 66) in the version applicable on 1.5.2015 shall re-enter into effect.
Success Bonuses. If and when amounts become payable to Transferred Employees under the success bonus agreements in effect between Fortune Brands and Transferred Employees, the Fortune Brands Parties shall forward to H&S the amounts necessary to satisfy Fortune Brands’ obligations to Transferred Employees under the success bonus agreements. H&S shall pay the success bonuses to the appropriate Transferred Employees through regular payroll, and all applicable withholdings from such payments shall be taken as required by law.
Success Bonuses. Parent has agreed that if certain conditions are met, Parent will pay certain Operating Company employees certain amounts related to the closing of the transaction contemplated herein (the “Success Bonuses”). The amount of such Success Bonus to be paid to each respective employee is set forth on Schedule 11.4. In no event shall the aggregate amount of the Success Bonuses exceed CAD $200,000. On or about sixty (60) days after the Closing Date, if Parent, in its sole discretion, determines that the conditions have been met with respect to a particular employee, Parent will instruct the Operating Company in writing to pay to such employee his applicable Success Bonus (less appropriate withholdings). Upon the Operating Company and the employee providing Parent written notification that payment of the Success Bonuses has been completed, Parent will authorize the wire transfer to the Operating Company’s designated account of the total amount of Success Bonuses paid plus any amounts paid by the Operating Company for tax obligations of the Operating Company that are related to the Success Bonuses.
Success Bonuses. (a) During the Employment Term, the Company shall pay to the Executive periodic success bonuses (any such payment a "Success Bonus") upon the completion of certain strategic initiatives at the times and in the manner set forth on Appendix A. The Company and the Executive have mutually agreed upon the performance criteria, weighting, value, metrics and target dates for the successful completion of the strategic initiatives as set forth on Appendix A. Whether a strategic initiative has been successfully completed will be determined by the Board. It is agreed and understood that in no event shall the total amount of the Success Bonuses available to be earned pursuant to this Section 8.1 be less than $7,405,750. It is further agreed and understood that no Success Bonus shall be due or owing for the successful completion of any of the referenced strategic initiatives on or after the commencement of a financial restructuring of the Company under Chapter Eleven of the United States Bankruptcy Code or analogous law. The immediately preceding sentence shall not apply in the event that the distribution received per share as a result of or pursuant to the Chapter 11 or analogous proceeding by the holders of shares of the Company's common stock equals or exceeds the average of the closing bid and asked prices for such a share on the last trading day immediately preceding the commencement of the proceeding. If a strategic initiative is achieved during such a proceeding and, pursuant to the immediately preceding sentence, a Success Bonus is payable to the Executive, it shall be paid immediately upon consummation of such proceeding, plus interest at a 7% rate from the date of achievement to the date of payment. It is the parties' intention, to the extent possible, to resolve any disputes regarding Appendix A without recourse to the judicial system. As a condition precedent to the filing of any claim, the parties' attorneys, if any, must confer at least twice, in person, in an effort to resolve any dispute. If such efforts are not successful, the parties agree to submit the dispute to non-binding mediation under the Mediation Procedures of the Association of the Bar of the City of New York. The parties agree to share the costs of mediation equally. If mediation is not successful, the parties agree to arbitrate any remaining matters before a three-member panel under the Rules of the Association of the Bar of the City of New York. The fees and expenses, including actual att...
Success Bonuses. As set forth in the Compensation Spreadsheet, certain employees of the Company will be paid success bonuses (collectively, the “Success Bonuses”). These Success Bonuses will be paid in their entirety by the Sellers from the Closing Date Purchase Price.
Success Bonuses. On the Closing Date, Seller shall satisfy the obligations relating to each success bonus set forth and described on Annex 11.3 (the “Success Bonuses”) in the manner described on such Annex 11.3.
Success Bonuses. If, during the Term of this Agreement, Consultant is successful in obtaining one or more new credit facilities for Silverleaf which are approved by the Board of Directors, including any new off balance sheet facilities, Silverleaf agrees to pay a success bonus to Consultant on the closing of each new facility that equals or exceeds at least $50,000,000.00 in principal amount, computed as follows: (1) $100,000.00 if the facility equals or exceeds $50,000,000.00 but does not exceed $100,000,000.00; or (2) one-tenth of one percent (1/10th of 1%) of the principal amount if the facility exceeds $100,000,000.00. The success bonus shall be computed based on only the principal amount of the new facility that the lender is obligated to advance. The success bonus shall also not apply to any extensions or renewals of the principal amounts of Silverleaf’s current credit facilities.
Success Bonuses. Buyer agrees to honor and pay, or cause to be honored and paid, the Success Bonuses in accordance with their terms and the terms of Schedule 4.18(e) of the Disclosure Letter. For the avoidance of doubt, any Success Bonuses actually paid by Buyer or one of its Affiliates (including the Company) to Transferred Employees after the Closing shall be Seller’s Transaction Expenses.
Success Bonuses. The Compensation Spreadsheet is hereby amended and restated in its entirety as set forth on the amended Compensation Spreadsheet delivered by Sellers to Buyer on the Amendment Date.
