Transaction Bonuses. In addition to the base salary provided for in Section 3.1 and the Signing Bonus, the Company shall pay to the Executive one or more transaction bonuses (each, a "Transaction Bonus") in accordance with the provisions of this Section 3.3.
Transaction Bonuses. The Sellers shall, or shall cause one or more of their Affiliates to, pay any earned Transaction Bonuses to the applicable Transferred Employees through a Seller’s or its Affiliate’s payroll system, subject to any required withholding for applicable Taxes, as and when such Transaction Bonuses become due and payable in accordance with their terms following the Closing. In order to facilitate the payment of such Transaction Bonuses, no later than five (5) Business Days prior to the applicable payment date(s), the Buyer shall, or shall cause one of its Affiliates to, deliver to the Sellers (together with any other information reasonably requested by Sellers that is necessary to determine whether such Transaction Bonuses have become payable) a list of the Transferred Employees who have remained in employment with the Buyer or an Affiliate thereof through the applicable retention date and are eligible to receive Transaction Bonuses (to the extent that such Transaction Bonuses otherwise become earned and payable to the Transferred Employees pursuant to their terms).
Transaction Bonuses. There are no transaction bonuses or other amounts payable by the Company to any Employee or officer of the Company, consultant to the Company, GAA, Seller, or other Person providing services to the Company at or after the Closing in connection with the transactions contemplated by this Agreement, nor will the Closing cause the acceleration of the time of payment or vesting of any payments or bonuses.
Transaction Bonuses. As of the Closing, Buyer or the Group Companies shall assume and honor, or Buyer shall cause its Affiliates to assume and honor, in accordance with their terms, the obligation to pay the Business Employees the second installment of the transaction bonuses listed under the heading “Transaction Bonuses” on Schedule 5.23 within six (6) months from the Closing Date.
Transaction Bonuses. The Parties hereto agree that payment of the Transaction Bonuses contemplated in Sections 6.12(b) and 6.18 of the Stock Purchase Agreement, and the corresponding determination of reductions in the Purchase Price and Closing Cash Payment pursuant to Section 1.02(a) of the Stock Purchase Agreement, if applicable, shall be treated as follows, and Section 6.18 of the Stock Purchase Agreement will be deemed amended accordingly in connection with these provisions:
Transaction Bonuses. (a) The Seller shall procure that the Transaction Bonuses (net of applicable PAYE, national insurance contributions and other applicable payroll taxes) are paid by the relevant members of the Target Group on or before Closing. Within two (2) Business Days after the Closing Date, Seller shall deliver to US Buyer written confirmation that (i) an amount equal to the Transaction Bonuses and (ii) an amount equal to any secondary National Insurance Contributions (or any equivalent social security contributions in any jurisdiction other than the UK) for which the relevant member of the Target Group is required to account in respect of the payment of such Transaction Bonuses, have been, except in relation to payments by SFC, wired in immediately available funds to the bank accounts of the relevant members of the Target Group and in the case of SFC that sufficient cash was available at SFC to make such payments.
Transaction Bonuses. With respect to any payments due under the change of control bonus letters referenced on Schedule 5.10 (the “Transaction Bonus Agreements”), the parties acknowledge that the initial payment due under such Bonus Agreements (the “Initial Payment”) shall be paid by the Company immediately prior to Closing (the “Initial Payment Date”), and on or prior to such Initial Payment Date Seller shall pay to the Company the respective amount of such Initial Payment less any cash remaining in the Company at Closing. The obligation to pay the remaining installment under the Bonus Agreements shall be paid by Seller and such obligation is hereby assigned to Seller effective immediately following payment of the Initial Payment.
Transaction Bonuses. (a) Immediately prior to the Closing, DSSC shall (a) pay to each Employee (other than the Employees set forth on Schedule 7.2(a) and the Employees of Alaska Frontier) a bonus in an amount equal to one (1) year of such Employee’s then-current base salary or hourly wages or, if such Employee’s hours were reduced by the Companies effective January 1, 2010, an amount equal to one (1) year of such Employee’s base salary or hourly wages as of Xxxxxxxx 00, 0000, (x) pay each Employee listed on Schedule 7.2 a bonus in an amount as set forth in Schedule 7.2 and (c) pay each Employee of Alaska Frontier a bonus in an amount equal to $10,000 (each such bonus payment, an “Initial Transaction Bonus” and all such bonus payments, collectively, the “Initial Transaction Bonuses”); provided, in each case, that such Employee has (i) not violated any non-disclosure obligations to any of the Companies in connection with this Agreement or any of the transactions contemplated herein or in the Ancillary Agreements and (ii) executed a general release agreement releasing Xx. Xxxxxx, the ESOP and the Companies from (x) any legal claims arising from or relating to such Employee’s employment with any of the Companies and (y) any claim or right to any Capital Rights (other than through the ESOP or pursuant to any plan or agreement listed in Sections 3.1(a)(ii) or 3.1(a)(iii) of the Disclosure Schedule). If an Employee resigns or is terminated for cause prior to the Closing Date or does not satisfy the conditions described in the proviso to the immediately preceding sentence, then such Employee shall not be entitled to receive, and DSSC shall not be required to pay to such Employee, any Initial Transaction Bonus, and the Acquiror shall pay to Xx. Xxxxxx on the Closing Date, as additional purchase price for the Shares sold by him, an amount equal to the portion of the Initial Transaction Bonus Accrual attributable to the Initial Transaction Bonus with respect to such Employee.
Transaction Bonuses. (a) The Parties acknowledge and agree that cash payments in the aggregate amount of up to €10,000,000 (TEN MILLION EUROS) will be paid by the Company to the Covered Employees (it being understood that such amount is the total gross amount to be spent as bonus payments for the Covered Employees and includes any applicable withholding, Taxes, social security and other contributions), as follows:
Transaction Bonuses. 16.6 The Buyer shall procure, as soon as reasonably practicable following Completion, and in any event within 10 Business Days of Completion, that the Transaction Bonuses as set out in column (1) of the schedule to the Bonus Side Letter are paid to the relevant beneficiaries through the payroll of the relevant Target Group Company.
