Bonus Event definition

Bonus Event means either of a Trigger Event or a Partial Trigger Event Termination.
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Bonus Event means (i) merger or consolidation of the Company with another corporation where, as a result of such merger or consolidation, less than 75% of the outstanding voting securities of the surviving or resulting corporation shall then be owned by the stockholders of the Company immediately prior to such merger or consolidation; or (ii) a transfer of all or substantially all of the Company’s assets to another entity that is not a wholly-owned subsidiary of the Company.
Sample 1
Bonus Event means Employer has achieved net income from operations during the month of January, 1999 of $1,831,327 or more, as determined in accordance with generally accepted accounting principles. The Deferred Bonus means the sum of (x) $50,000 and (y) the product of $8,333 multiplied by the number of months between and including July 1998 through December 1998 that Employee's Base Salary is $140,000 rather than $240,000 per annum as specified herein. The Deferred Bonus shall be paid in one lump sum (less any required withholding) promptly following the calculation of whether Employer has satisfied the Bonus Event.
Sample 1

Examples of Bonus Event in a sentence

  • Each Bonus earned by Executive shall be paid in 12 equal payments over one year after the Bonus Event for which it was earned, provided, however, that in the event the foregoing would require the payment of more than $60,000 in Bonuses in any Agreement Year, the additional Bonus(es) may be deferred at the Company's option, until the first day of the next Agreement Year, or, if this Agreement shall have terminated, upon the termination of this Agreement.

  • Milestone Event Milestone Payment […***…] $[…***…] […***…] $[…***…] […***…] $[…***…] […***…] $[…***…] […***…] $[…***…] […***…] $[…***…] […***…] $[…***…] […***…] $[…***…] […***…] $[…***…] […***…] $[…***…] In the event of a Bonus Event, the milestone payment payable for […***…] of an Oncology Product set out above shall be increased from $[…***…] to $[…***…].

  • Under the plan, a total of approximately $1,200,000 would be paid within 60 days of a Bonus Event.

  • In addition, if the Bonus Event is satisfied by Employer, the Employee shall be entitled to the Deferred Bonus even if the Employee has previously been terminated without Cause.

  • In the event any of the additional amounts payable in the event of a Bonus Event correspond to a Milestone Event that has been achieved prior to the occurrence of the Bonus Event, then such additional amounts shall be payable upon achievement of the Bonus Event.

  • Upon the occurrence of a Bonus Event during the Term, if Employee has remained in continuous employment with the Company during the Term, then the Company shall pay to Employee a “Retention Bonus” in the amount of twenty percent (20%) of Employee’s annual base salary in effect on the Effective Date, less applicable taxes.

  • After receiving such written notice, Regulus shall submit an invoice to AstraZeneca for the amount owed to Regulus in connection with the Bonus Event as described in this Section 6.2, and AstraZeneca will pay Regulus the amount within 45 Business Days after receipt of an invoice (which conforms to the applicable requirements of Appendix 5 as described below) from Regulus following achievement of the Bonus Event.

  • For example, if […***…] for a miR-33 Product has occurred prior to […***…], then the $[…***…] payable in connection with such Milestone Event shall be due 45 Business Days following issuance of an invoice therefor by Regulus following achievement of the Bonus Event.

  • AstraZeneca will give Regulus written notice within 10 Business Days of the occurrence of a Bonus Event.

  • Nothing in this Agreement is intended to change or affect Employee’s status as an at-will employee or is intended to guaranty employment to Employee either before or after a Bonus Event.


More Definitions of Bonus Event

Bonus Event has the meaning set forth in Section 1.9(g).
Sample 1

Related to Bonus Event

  • Bonus Amount means the greater of (i) the average annual incentive bonus earned by Executive from the Company (or its affiliates) during the last three (3) completed fiscal years of the Company immediately preceding Executive’s Date of Termination (annualized in the event Executive was not employed by the Company (or its affiliates) for the whole of any such fiscal year), and (ii) the Executive’s target annual incentive bonus for the year in which the Date of Termination occurs.

  • Target Bonus Amount means Executive’s target annual bonus amount in effect at the time of Executive’s Qualifying Termination (disregarding any decrease in such target annual bonus amount that constitutes a Good Reason event).

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

  • Performance Year means the calendar year prior to the year in which an Annual Award is made by the Committee.

  • Change in Control means the occurrence of any of the following events:

  • Change in Control Date means the date on which a Change in Control occurs.

  • Change in Control Transaction means the occurrence of any of the following events:

  • Control Termination Event shall have the meaning given to such term or any one or more analogous terms in the Lead Securitization Servicing Agreement.

  • Performance Period means the one or more periods of time, which may be of varying and overlapping durations, as the Committee may select, over which the attainment of one or more Performance Goals will be measured for the purpose of determining a Participant’s right to, and the payment of, a Performance-Based Award.

  • A "CHANGE IN CONTROL means an Ownership Change Event or a series of related Ownership Change Events (collectively, the "TRANSACTION") wherein the stockholders of the Company immediately before the Transaction do not retain immediately after the Transaction, in substantially the same proportions as their ownership of shares of the Company's voting stock immediately before the Transaction, direct or indirect beneficial ownership of more than fifty percent (50%) of the total combined voting power of the outstanding voting stock of the Company or the corporation or corporations to which the assets of the Company were transferred (the "TRANSFEREE CORPORATION(S)"), as the case may be. For purposes of the preceding sentence, indirect beneficial ownership shall include, without limitation, an interest resulting from ownership of the voting stock of one or more corporations which, as a result of the Transaction, own the Company or the Transferee Corporation(s), as the case may be, either directly or through one or more subsidiary corporations. The Board shall have the right to determine whether multiple sales or exchanges of the voting stock of the Company or multiple Ownership Change Events are related, and its determination shall be final, binding and conclusive.

  • Change in Control Period means the period beginning three (3) months prior to a Change in Control and ending twelve (12) months following a Change in Control.

  • Change in Control Termination means an “Involuntary Termination Without Cause” or “Resignation for Good Reason,” either of which occurs on, or within three (3) months prior to, or within twelve (12) months following, the effective date of a Change in Control, provided that any such termination is a “separation from service” within the meaning of Treasury Regulation Section 1.409A-1(h). Death and disability shall not be deemed Change in Control Terminations.

  • Potential Change in Control Period shall commence upon the occurrence of a Potential Change in Control and shall lapse upon the occurrence of a Change in Control or, if earlier (i) with respect to a Potential Change in Control occurring pursuant to Section 16.20(A), immediately upon the abandonment or termination of the applicable agreement, (ii) with respect to a Potential Change in Control occurring pursuant to Section 16.20(B), immediately upon a public announcement by the applicable party that such party has abandoned its intention to take or consider taking actions which if consummated would result in a Change in Control, or (iii) with respect to a Potential Change in Control occurring pursuant to Section 16.20(C) or (D), upon the one year anniversary of the occurrence of a Potential Change in Control (or such earlier date as may be determined by the Board).

  • Target Bonus means Executive’s annual (or annualized, as applicable) target bonus in effect immediately prior to Executive’s Qualifying Termination or, if Executive’s Qualifying Termination occurs during the Change in Control Period and the amount is greater, Executive’s annual (or annualized, if applicable) target bonus in effect immediately prior to the Change in Control.

  • Bonus Period means the period for which a Bonus is payable. Unless otherwise specified by the Board, the Bonus Period shall be the fiscal year of the Company.

  • Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of all distributions per Unit of that Class during the Performance Bonus Term exceeds $25.00.

  • Change of Control Triggering Event means the occurrence of both a Change of Control and a Rating Event.

  • Change of Control Put Period means the period of 45 days after a Change of Control Put Event Notice is given;

  • 409A Change in Control means a “Change in Control” which also constitutes a change in ownership or effective control of the Company or a change in the ownership of a substantial portion of the assets of the Company, all within the meaning of § 409A of the Internal Revenue Code of 1986, as amended (the “Code”).

  • Change of Control Value means (i) the per share price offered to stockholders of the Company in any such merger, consolidation, reorganization, sale of assets or dissolution transaction, (ii) the price per share offered to stockholders of the Company in any tender offer or exchange offer whereby a Change of Control takes place, or (iii) if such Change of Control occurs other than pursuant to a tender or exchange offer, the Fair Market Value per share of the shares into which Awards are exercisable, as determined by the Committee, whichever is applicable. In the event that the consideration offered to stockholders of the Company consists of anything other than cash, the Committee shall determine the fair cash equivalent of the portion of the consideration offered which is other than cash.

  • Change of Control means the occurrence of any of the following:

  • Change of Control Termination means (i) a Termination Without Cause of the Employee’s employment by the Employer (other than for death or disability) within twelve (12) months after a Change of Control or (ii) the Employee’s resignation for Good Reason within twelve (12) months after a Change of Control.

  • Performance Cycle means one or more periods of time, which may be of varying and overlapping durations, as the Administrator may select, over which the attainment of one or more Performance Criteria will be measured for the purpose of determining a grantee’s right to and the payment of a Restricted Stock Award, Restricted Stock Units, Performance Share Award or Cash-Based Award, the vesting and/or payment of which is subject to the attainment of one or more Performance Goals. Each such period shall not be less than 12 months.

  • Change of Control Date means the date on which a Change of Control occurs.

  • Qualifying Termination means a termination of the Executive’s employment either (i) by a Company Group member without Cause (excluding by reason of Executive’s death or Disability) or (ii) by the Executive for Good Reason, in either case, during the Change in Control Period (a “Qualifying CIC Termination”) or outside of the Change in Control Period (a “Qualifying Non-CIC Termination”).

  • Termination Upon a Change in Control means a termination of Officer’s employment with Corporation within 12 months following a “Change in Control” that constitutes a Termination Other Than For Cause described in Section 2.1(b).