Annual Bonuses definition

Annual Bonuses means the sum of (a) an amount equal to the product of (i) the annual bonuses payable to the individuals listed on Schedule 1.1(a) pursuant to the 2011 Incentive Bonus Program and (ii) a fraction, the numerator of which is the number of days elapsed from January 1, 2011 through the Effective Time and the denominator of which is 365, which amounts shall become due and payable at the Effective Time to those individuals remaining employed by the Company through the Effective Time, plus (b) the related employer portion of payroll or compensation-related Taxes and any related employer matching retirement plan contributions.
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Annual Bonuses has the meaning set forth in Section 6.3(i).
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Annual Bonuses. Beginning with the calendar year 1998 and in each year or portion thereof thereafter during the term of this Agreement, the Board of WHX or the Compensation Committee of WHX (or the Board or Compensation Committee of (x) WPC from and after the consummation of the Initial Public Offering or Sale Transaction of WPC or (y) WPSC from and after the consummation of an Initial Public Offering or Sale Transaction of WPSC) shall grant the Executive a bonus in accordance with the terms of WPSC's Management Incentive Program.
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Examples of Annual Bonuses in a sentence

  • Annual Bonuses The municipality recognises the expected cost of bonus, incentive and performance, related payments when the municipality has a present legal or constructive obligation to make such payments as a result of past events and a reliable estimate of the obligation can be made.

  • Annual Bonuses Annual bonuses are designed to motivate our executive officers to meet our business and financial objectives generally and our annual financial performance targets in particular.

  • It is intended that the ABP shall in all respects be subject to and governed by the provisions of the Omnibus Plan and, except to the extent Annual Bonuses (as defined herein) are paid on an accelerated basis pursuant to a Change in Control, that all Annual Bonuses paid to Covered Employees shall constitute qualified performance-based compensation under Section 162(m) of the Code.

  • The Annual Bonuses are described in more detail in the “Bonus Incentive” section.

  • Annual Bonuses added till policy year 5 and the final bonus (if any) Please note:1.

  • An amount equal to Executive’s Annual Bonus for the year in which the Termination Date occurs, based upon the Company’s actual performance for the year, multiplied by a fraction, the numerator of which is the number of days in such year through and including the Termination Date and the denominator of which is the total number of days in such year, payable at the same time that Annual Bonuses are paid to active employees.

  • Annual Bonuses The entity recognise the expected cost of bonus, incentive and performance related payments when the entity has a present legal or constructive obligation to make such payments as a result of past events and a reliable estimate of the obligation can be made.

  • Uptake experiments were carried out using 5 mg of Hexadecyl Phosphonic Acid (HDPA) functionalized mats with 10 uM U at pH 6.8 in 4 different reactors using different combinations of solutions containing 5mM calcium (Ca2+) and 5mM bicarbonate (HCO3-).

  • K.R. Murdoch, J.R. Murdoch and DeVoe contain certain termination provisions relating to their Annual Bonuses and PSUs. These provisions are summarized below.

  • All Annual Bonuses are subject to the terms and conditions of then-current Bonus Plan adopted by the Company.


More Definitions of Annual Bonuses

Annual Bonuses the reference in that clause to the amount of the “Incentive Target Percentage” shall be amended from “fifty per cent (50%)” [of the Executives annual Base Salary] instead to “one hundred per cent (100%)”. · At Paragraph 3.3 “Equity Awards after the Effective Date” the final sentence of the clause (only) shall be deleted and shall be replaced by the following: The annual long-term incentive award shall be up to one hundred (100%) of Executive’s Base Salary. The remaining terms of your Contract shall be otherwise unaffected by this change. Kindly confirm your agreement to and acceptance of this variation by signing and returning the attached copy of this letter to Xxxxxxx X. Silver, General Counsel, by January 31, 2022. The change shall be immediately effective from the date of your signature. You should then keep your signed copy of this letter safe together with your Contract, which shall be amended by this letter. If you have any questions, please contact me. Yours sincerely,  /s/ Xxxxxx X. Xxxxxxxx Xxxxxx X. Xxxxxxxx - Chairman of the Compensation Committee  For and on behalf of VAALCO ENERGY INC   I agree that my Contract shall be varied by the revised terms set out in this letter with immediate effect.  Signed /s/ Xxxxxx Xxxxxxx XXXXXX XXXXXXX  Date: January 27, 2022
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Related to Annual Bonuses

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

  • Bonus means the bonus described in the Section 2.3.

  • 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.

  • Target Bonus has the meaning described in Section 4(b).

  • Incentive Pay means an annual amount equal to the aggregate annual bonus, in addition to Base Pay, made or to be made in regard to services rendered in any calendar year or performance period pursuant to any bonus plan of the Company.

  • Annual Incentive Award means an Award made subject to attainment of performance goals (as described in Section 14) over a performance period of up to one year (the Company’s fiscal year, unless otherwise specified by the Committee).

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

  • Incentive Compensation means any compensation that is granted, earned or vested based wholly or in part upon the attainment of a Financial Reporting Measure.

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.