Transaction Incentive Sample Clauses

Transaction Incentive. If a sale of substantially all of the Company's stock or assets takes place either (i) during the term of this Agreement or (ii) within twelve (12) months after this Agreement has been terminated without cause pursuant to Section 4(B) if the sale is consummated with a party with whom Employee had contact during the term of the Agreement and in part as a result of Employee's efforts (a "Sale Transaction"), the Company shall pay Employee a transaction fee (the "Transaction Fee") within thirty (30) days of the closing of such Sale Transaction. If the Sale Transaction involves the sale of assets, the Transaction Fee shall be the sum of (i) two percent (2%) of the fair market value of non-cash assets sold, plus (ii) one percent (1%) of the fair market value of cash assets sold plus (iii) an amount equal to $10,417 for each month Employee shall have been employed as of the date of the Sale Transaction (up to a maximum of six (6) months). If the Sale Transaction involves the sale of stock, the Transaction Fee shall be the sum of (i) two percent (2%) of the fair market value of the Company's non- cash assets at the time of the sale, plus (ii) one percent (1%) of the fair market value of the Company's cash assets at the time of the sale plus (iii) an amount equal to $10,417 for each month Employee shall have been employed as of the date of the Sale Transaction (up to a maximum of six (6) months).
Sample 1
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Transaction Incentive. If the Company and Farmland Industries, Inc. complete the Consolidation prior to December 31, 2000, and Xxxxxxx has not by then resigned or been terminated for cause, Xxxxxxx shall become entitled to a Transaction Incentive payment in the amount of his base salary plus Target Bonus for calendar year 1999. In the event that Xxxxxxx'x employment is terminated by death or disability after the Consolidation, Xxxxxxx or his estate shall be paid the full Transaction Incentive. In the event that Xxxxxxx'x employment is terminated by death or disability prior to the Consolidation, Xxxxxxx, his estate or any beneficiary designated by Xxxxxxx shall be entitled to a partial Transaction Incentive, prorated for the period of his employment between May 1, 1999 and the closing of the Consolidation. (For example, if Xxxxxxx is terminated for one of these reasons on November 30, 1999 and the Consolidation occurs on June 1, 2000, Xxxxxxx or his estate would be entitled to 7/13 of Transaction Incentive.) The Transaction Incentive shall be paid on or before January 31, 2001.
Sample 1
Transaction Incentive. If the Company and CHS complete the Consolidation prior to December 31, 2000 and Executive remains actively employed through December 31, 2000, Executive shall become entitled to an incentive payment of 2.99 x his average annual income from the Company includable in Executive's gross income for the five calendar years ending December 31, 1999 (the "Transaction Incentive"). In the event that Executive's employment is terminated by death or disability after the Consolidation, Executive or Executive's estate shall be paid the full Transaction Incentive. In the event that Executive's employment is terminated by death or disability prior to the Consolidation, Executive, Executive's estate or any beneficiary designated by Executive shall be entitled to a partial Transaction Incentive, prorated for the period of his employment between May 1, 1999 and the closing of the Consolidation. (For example, if Executive is terminated for one of these reasons on November 30, 1999 and the Consolidation occurs on June 1, 2000, Executive or Executive's estate would be entitled to 7/13 of the Transaction Incentive.) The Transaction Incentive shall be paid on or before January 31, 2001. The Transaction Incentive shall not be considered as income or compensation in determining Executive's benefits under any non-qualified benefit plan, including the Supplemental Executive Retirement Plan.
Sample 1
Transaction Incentive. If the Closing occurs and if Pulitzer remains in the continuous employ of the Company until the date on which the Closing occurs, then, in addition to the amount payable to Pulitzer pursuant to paragraph 1 above, the Company will pay Pulitzer a transaction completion bonus of $1,000,000. The Compensation Committee of the Board of Directors of the Company, acting in its sole discretion, may increase the amount of the award. Subject to the provisions of paragraph 3 below, the amount described in this paragraph will be payable to Pulitzer on the date of the Closing.
Sample 1
Transaction Incentive. Subject to the approval of the Compensation Committee, the Executive will be eligible to receive an additional payment (the “Transaction Incentive”) upon completion of the Transaction. The anticipated recommended Transaction Incentive is one million and ten thousand dollars ($1,010,000). In order to receive the Transaction Incentive, the Executive must remain continuously employed with the Company through completion of the Transaction. The Transaction Incentive will be paid, subject to Sections 2.3, 2.5 and 4.6, on the 60th day following the Separation Date.
Sample 1
Transaction Incentive. If the Company and Farmland complete the Consolidation prior to December 31, 2000 and Executive remains actively employed through December 31, 2000, Executive shall become entitled to an incentive payment of 2.99 x his average annual income from the Company includable in Executive's gross income for the five calendar years ending December 31, 1999 (the "Transaction Incentive"). In no event will the Transaction Incentive be of such magnitude as to cause Executive to incur an excise tax, and the Transaction Incentive shall be reduced in such event to the extent necessary to avoid the incurring of excise tax. In the event that Executive's employment is terminated by death or disability after the Consolidation, Executive or Executive's estate shall be paid the full Transaction Incentive. In the event that Executive's employment is terminated by death or disability prior to the Consolidation, Executive, Executive's estate or any beneficiary designated by Executive shall be entitled to a partial Transaction Incentive, prorated for the period of his employment between May 1, 1999 and the closing of the Consolidation. (For example, if Executive is terminated for one of these reasons on November 30, 1999 and the Consolidation occurs on June 1, 2000, Executive or Executive's estate would be entitled to 7/13 of Transaction Incentive.) The Transaction Incentive shall be paid on or before January 31, 2001. The Transaction Incentive shall not be considered as income or compensation in determining Executive's benefits under any non-qualified benefit plan, including the Supplemental Executive Retirement Plan.
Sample 1
Transaction Incentive. If the Company and Cenex Harvest States Cooperatives complete the Consolidation prior to December 31, 2000, and Honse has not by December 31, 2000 xesigned or been terminated for cause, Honse shall become entitled to x Xxxnsaction Incentive payment in the amount of 1.0 x the Annual Amount as defined herein. In the event that Honse's employment is terminatex xx xxath or disability after the Consolidation, Honse, his estate, or his desigxxxxx beneficiary shall be paid the full Transaction Incentive. In the event that Honse's employment is terminatex xx xxath or disability prior to the Consolidation, Honse, his estate or any benefixxxxx designated by Honse shall be entitled to a paxxxxx Transaction Incentive, prorated for the period of his employment between May 1, 1999 and the closing of the Consolidation. (For example, if Honse is terminated for one of xxxxx reasons on November 30, 1999 and the Consolidation occurs on June 1, 2000, Honse or his estate would be enxxxxxd to 7/13 of Transaction Incentive.) The Transaction Incentive shall be paid on or before January 31, 2001. The Transaction Incentive, including any payments under paragraph 5(c) herein, shall not be considered as income or compensation in determining Honse's benefits under any non-xxxxxxxed benefit plan, including the Supplemental Executive Retirement Plan except that Honse may elect to defer all or xxxx of the Transaction Incentive under the Executive Deferred Compensation Plan or comparable plan.
Sample 1
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Related to Transaction Incentive

  • Long-Term Incentive Award During the Term, Executive shall be eligible to participate in the Company’s long-term incentive plan, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • Incentive Bonus Plan Employee shall be eligible for a bonus opportunity of up to 65% of his annual base salary in accordance with the Company’s Incentive Bonus Plan as modified from time to time, payable in cash and/or equity of the Company (at the Company’s discretion). The bonus payment and the Company’s targeted performance shall be determined and approved by the Board or the compensation committee thereof.

  • Annual Incentive Award During the Term of Employment, the Executive shall be eligible for an annual incentive award with payout opportunities that are commensurate with his position and duties, as determined by the Compensation Committee in its discretion. Commencing with the Effective Date of the initial Term of Employment, the Executive’s target annual incentive award opportunity will be equal to fifty percent (50%) of the Executive’s Base Salary. The Executive’s annual incentive award opportunities shall be based on Company and individual performance goals determined, and subject to change, by the Compensation Committee in its discretion. The Executive shall be paid his annual incentive award no later than other senior executives of the Company are paid their annual incentive award.

  • Long-Term Incentive Awards The Executive shall participate in any long-term incentive awards offered to senior executives of the Company, as determined by the Compensation Committee.

  • Long-Term Incentive Compensation Subject to the Executive’s continued employment hereunder, the Executive shall be eligible to participate in any equity incentive plan for executives of the Firm as may be in effect from time to time, in accordance with the terms of any such plan.

  • Equity Incentive Compensation During the term of employment hereunder the Executive shall be eligible to participate, in an appropriate manner relative to other senior executives of the Parent and its subsidiaries, in any equity-based incentive compensation plan or program approved by the Board from time to time, including (but not by way of limitation) any plan providing for the granting of (a) options to purchase stock of the Parent, (b) restricted stock of the Parent or (c) similar equity-based units or interests.

  • 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.

  • Annual Incentive The Employee shall be entitled to receive a percentage of the Employee's Target Incentive for the calendar year in which such termination occurs. Such percentage shall equal a fraction, the numerator of which shall be the number of days in such calendar year up to and including the date of such termination and the denominator of which shall be the number of days in such calendar year. Such amount shall be payable according to the normal practice of the Company with respect to the payment of bonuses.

  • Recovery of Bonus and Incentive Compensation Any bonus and incentive compensation paid to you during a CPP Covered Period is subject to recovery or “clawback” by the Company if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.

  • Equity Incentive Awards Executive shall be eligible to receive grants of equity-based long-term incentive awards, which may include options to purchase Company stock, performance or restricted stock units and Company restricted stock contributions to Company’s deferred compensation plan, or other equity-based awards. Such awards shall be determined in the discretion of the Board. In the event of a Change of Control (as defined in the Redwood Trust, Inc. Executive Deferred Compensation Plan) in which the surviving or acquiring corporation does not assume the Executive’s outstanding equity-related awards (including options and equity-based awards granted both before and after the Effective Date) or substitute similar equity-related awards, such equity-related awards shall immediately vest and become exercisable if the Executive’s service with the Company has not terminated before the effective date of the Change of Control; provided, however, that the foregoing provision shall only apply if the Company is not the surviving corporation or if shares of the Company’s common stock are converted into or exchanged for other securities or cash.

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