Timing of Bonus Payments. Notwithstanding any other provision of this Agreement, all bonus payments provided under this Agreement in connection with the termination of the employment of the Executive shall be payable on the date that is six months after the termination date.
Timing of Bonus Payments. All incentive bonus payments described in Section 4 shall be paid to the Executive, to the extent earned, in no event later than March 15 of the year following the calendar year to which it relates, such that the payments qualify as a “short-term deferral” for purposes of Section 409A of the Internal Revenue Code of 1986 or its successor (respectively, “Section 409A” and the “Code”).
Timing of Bonus Payments. Any bonus amount described in Section 3.2(a) and Exhibit B, with respect to which the Partner has satisfied the applicable conditions of Section 3.2(c) and Exhibit B, and which is not otherwise reduced or forfeited pursuant to the terms of this Agreement, shall be paid to the Partner in cash in a lump sum no later than forty-five (45) days after the end of the Fiscal Year to which the bonus applies.
Timing of Bonus Payments. The last sentence of Schedule A is revised to read as follows: “The bonus for any year shall be paid between January 1 and June 30 of the following year.”
Timing of Bonus Payments. All payments by PacifiCare pursuant to the Bonus Program shall be made to Medical Group by May 15, 2004.
Timing of Bonus Payments. (A) If the Change of Control occurs while the Employee is employed by HMC, then (1) fifty percent (50%) of the Bonus Payment will be paid to the Employee by HMC upon the date of the Change of Control and (2) fifty percent (50%) of the Bonus Payment will be held in an interest bearing escrow account, with principal and interest to be paid to the Employee by HMC upon the expiration of the Transition Period (the “Escrowed Payment”), subject to the Employee’s execution of a Mutual Release (as defined below); provided, that the Employee is not terminated for Cause or does not voluntarily resign for a reason other than Good Reason (as each term is defined below) prior to the expiration of the Transition Period.
(B) If the Pre-Closing Termination Bonus Payment is owed to Employee, then, subject to the Employee’s execution of a Mutual Release, one hundred (100%) of the Bonus Payment will be paid to the Employee by HMC upon the date of the Change of Control.
(C) For purposes of this Agreement, “Mutual Release” shall mean a written release by Employee and HMC of any and all employment related claims either party may assert against the other (excluding claims for amounts which may be deliverable pursuant to this Agreement, any claims for earned compensation not yet paid to Employee or unexpired options or any claims covered by HMC’s indemnification obligations to the Employee).
Timing of Bonus Payments. A new proviso is hereby added to the end of the sentence that constitutes Section 6.7 of the Purchase Agreement, which proviso shall read in its entirety as follows: ; provided, however, that all such bonuses required to be paid pursuant to the terms of such plan shall be paid no later than February 29, 2016.
Timing of Bonus Payments. If earned, the Retention Bonus cash payment will be made to you in a lump sum within ten (10) days after your Stay Date.
Timing of Bonus Payments. Any bonus due to the Executive under Sections 4(b) or 4(c) hereof in respect of a calendar year shall be paid to the Executive as soon as practicable after the end of such calendar year (the Company will endeavor to pay the bonus not later than April 1 of the year following the year in which the bonus was earned, but in all events will pay the bonus not later than December 31 of the year following the year in which the bonus was earned).
