Accrued Bonus Amount definition

Accrued Bonus Amount means any formally awarded but unpaid Annual Incentive Bonus with respect to a Fiscal Year.

Accrued Bonus Amount has the meaning ascribed to it in Section 5.7(d)(iii).

Accrued Bonus Amount has the meaning set forth in Section 2.08(c).

Examples of Accrued Bonus Amount in a sentence

• If the Executive voluntarily terminates employment during the Employment Period, other than for Good Reason, the Company shall pay the Accrued Obligations other than the Accrued Bonus Amount to the Executive in a lump sum in cash within 30 days of the Date of Termination, and the Company shall have no further obligations under this Agreement.

• The Purchase Price shall be reduced by an amount equal to the aggregate Accrued Bonus Amount for all applicable Continuing Employees.

• Buyer shall pay to the Hired Employees their respective portion of the Accrued Bonus Amount at such time when Buyer pays annual bonus payments to its employees, so long as such Hired Employee is employed with Buyer at the time of such payment.

• The payment of the Accrued Bonus Amount by the Parent pursuant to the foregoing sentence shall be treated as (i) a payment on behalf of the Sellers to the Company and (ii) a payment by the Company of bonuses payable.

• If there is an inconsistency between Seller Accounting Principles and the definitions of Adjusted Aggregate Net Indebtedness, Adjusted Net Working Capital, Adjustment Liabilities, Seller Outstanding Checks and Accrued Bonus Amount, the terms set forth in such definitions shall control.

More Definitions of Accrued Bonus Amount

Accrued Bonus Amount means the aggregate amount of all accrued but unpaid bonus amounts due to employees of the Company as of the Closing Date, which amount equals $52,333.63.

Accrued Bonus Amount means the amount included as a liability in Working Capital that is intended to be used for payment of amounts due under the annual bonus program of the Company Group Entities. No later than ten (10) days prior to the Closing, the Company Group Entities shall provide to the Acquiror Parties a schedule setting forth the Company Group Entities’ determination of each Continuing Employee’s potential portion of the Accrued Bonus Amount. The Parties hereto acknowledge and agree that amounts payable following the Closing to an Alabama Partner with respect to any guaranteed bonus or replacement award shall solely be sourced from the Discretionary Sharing Program.

Accrued Bonus Amount means the unpaid portion of any Annual Incentive Bonus awarded to Executive by action of the Committee with respect to a Fiscal Year.

Accrued Bonus Amount means the aggregate amount of any accrued and unpaid bonus owed to the employees (including its sales force) of Holdco or any of its Subsidiaries or under the Emerson Agreement (including, without limitation, Section 4.02 of the Emerson Agreement for the period ending on the Closing Date notwithstanding any language to the contrary as to the performance period) as of the Closing.

Accrued Bonus Amount means the aggregate amount of any accrued and unpaid bonus owed to the employees (including its sales force) of Holdco or any of its Subsidiaries or under the Xxxxxxx Agreement (including, without limitation, Section 4.02 of the Xxxxxxx Agreement for the period ending on the Closing Date notwithstanding any language to the contrary as to the performance period) as of the Closing.

Accrued Bonus Amount means fifty percent (50%) of the amounts accrued for all bonuses of the Affected Employees as of Closing Date .

Accrued Bonus Amount means the amount included as a liability in Actual Working Capital that is intended to be used for payment of amounts due under the Company’s annual bonus program. For the avoidance of doubt, the Accrued Bonus Amount included in the Estimated Closing Statement is $1,422,134.