2021 Bonus definition

2021 Bonus means any bonus payable for the period 1 January 2021 up to the Offer Completion Time which is required to be deferred into Target Shares to satisfy regulatory requirements;
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Examples of 2021 Bonus in a sentence

  • Any portion of the 2021 Bonus that would typically be payable in the form of equity shall be paid in cash rather than in shares, units or any other form of equity.

  • Following the Separation Time, the Company shall pay the 2021 Cash Bonuses to the SpinCo Participants on behalf of Parent in accordance with the terms of the applicable 2021 Bonus Plans (including terms relating to the timing of payment), to the extent not paid prior to the Separation Time, in an amount no less than the 2021 Aggregate Cash Bonus Amount (which shall be communicated by Parent to the Company prior to the Separation Time).

  • Following the end of the 2021 performance year, the Parent Compensation Committee (or its delegate) will certify achievement of the performance goals under the 2021 Bonus Plans in the ordinary course of business (including as to the timing of such certification) and in accordance with the terms of such 2021 Bonus Plans and shall determine the 2021 Cash Bonuses payable to the SpinCo Participants (the date of such certification, the “2021 Bonus Certification Date”).

  • As soon as practicable following the Distribution Date, the VS Compensation Committee shall establish the performance targets for the post-Distribution performance period under any such applicable VS Bonus Plans, including the fall 2021 performance period under the VS 2021 Bonus Plan.

  • Any VS Cash Bonuses payable to VS Participants under such VS Bonus Plans will be paid by VS in accordance with the terms of the applicable VS Bonus Plan (including with respect to the bonuses payable under the VS 2021 Bonus Plan in respect of the fall 2021 performance period), which such amounts shall constitute VS Assumed Employee Liabilities.

  • If the Closing Date does not occur prior to January 1, 2022, the Company may pay to each employee who is employed at the Company a 2021 Bonus Payment, provided that such payment is made no later than March 15, 2022 and the employee has delivered a duly executed waiver and acknowledgement by the deadline provided in this Section 7.3(c).

  • The actual amount of the 2021 Bonus shall be determined by the Board (or a committee thereof) in its discretion, based on the achievement of the applicable performance goals as approved by the Board (or a committee thereof) for such calendar year.

  • Further, 50% of each of the 2021 Bonus will be paid in cash, and the remainder shall be payable in the form of a restricted stock award covering a number of shares of the Company’s Class A Common Stock (the “Common Stock”) with an aggregate grant date fair market value equal to 50% of such bonus (each, a “Bonus RSA”), which shall be granted under and pursuant to the terms and conditions of the Company’s 2021 Equity Incentive Plan and standard form of restricted stock award agreement.

  • Achieves CAHPS Patient Experience Scores at or above 50th percentile of the national target in all four out of five domains for three (3) consecutive quarters The 2021 Bonus award is two percent (2%) of total earnings as of December 31 for meeting one or both of the above criteria.

  • The Annual Discretionary Bonus for 2021 (the “2021 Bonus”) will be pro-rated by one-half, with July 1, 2021 as the start date of Executive’s eligibility period for the 2021 Bonus.

Related to 2021 Bonus

  • Cash Bonus means an award of a bonus payable in cash pursuant to Section 10 hereof.

  • Annual Bonus shall have the meaning set forth in Section 4(b) hereof.

  • Accrued Bonus means the bonus, which may be negative or positive, which is calculated in the manner set forth in Section V.A.

  • Retention Bonus means an incentive bonus provided under

  • Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award Agreement.