Bonus Funds definition

Bonus Funds means a notional amount corresponding to Canadian do lars that is loaded into a Player Account by OLG. Bonus Funds, subject to the applicable Bonus Funds Terms, can be used by a Player to play Pay-to-Play Games or Draw-Based Lottery Games Played Online, or both, without charge to the Player;
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Bonus Funds means any funds credited to your Account balance by Footstock as a result of participating in a Bonus or any other promotion including any coupon or other bonus funds which are not immediately withdrawable or redeemable as cash or which are subject to uncompleted wagering or other requirements.
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Bonus Funds means a notional amount corresponding to Canadian dollars that is loaded into a Player Account by OLG. Bonus Funds, subject to the applicable Bonus Funds Terms, can be used by a Player to play Pay-to-Play Games or Draw-Based Lottery Games Played Online, or both, without charge to the Player; “Bonus Funds Terms” has the meaning specified in Section 8.1. Subject to Section 3 of this Agreement, the Bonus Funds Terms are incorporated into and form part of this Agreement; “Business Day” means any day other than a Saturday, a Sunday, a statutory holiday in Ontario or any day on which banks are not open for business in Toronto, Ontario; “Chargeback” has the meaning specified in Section 6.4; “Closed Account” means a Player Account that is described in Section 11.1; “Close” or “Closure” means the act of a Player closing their
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Examples of Bonus Funds in a sentence

  • Buyer, Seller and the Escrow Agent shall work diligently to finalize and execute the Indemnity Escrow Agreement and the Bonus Escrow Agreement on or before February 28, 2007, and within seven (7) days of the date on which the parties execute each of those agreements, Buyer shall deposit the Escrow Consideration and the Employee Bonus Funds, respectively, into a designated account or accounts with the Escrow Agent.

  • Any interest that accrues on the Bonus Funds shall be paid to Consultant and the Senior Lender in proportion to the amounts of Bonus Funds disbursed to such parties.

  • The Bonus Funds are incremental to the Working Capital Requirement (as defined in Section 6.10) and any amounts retained by the Company (or contributed by the Stockholders) for the Recognition Payments (as defined in Section 6.12).

  • If the dispute is over whether the cost of the service is to be paid out of Capitation Compensation or from the Performance Bonus Funds (Hospital Risk Pool for Medicare+Choice Members), the decision of the single arbitrator or a majority of the arbitrators, as the case may be, shall determine the extent to which such cost is to be paid out of Capitation Compensation or the Performance Bonus Funds (Hospital Risk Pool for Medicare+Choice Members).

  • If a Grantee qualifies for Bonus Funds pursuant to the requirements laid out in Health and Safety Code section 50220.7, Cal ICH will determine the amount of Bonus Funds the Grantee is eligible for and will disburse these Bonus Funds to the Grantee upon receipt, review and approval of the completed Amended Standard Agreement and RFF by Cal ICH, the Department of General Services (DGS) and the State Controller’s Office (SCO).

  • In no event shall any amounts to be distributed in accordance with Section 1.9(d) or Section 1.9(e) be paid by the Escrow Agent from the Escrow Bonus Funds.

  • The Client shall make such cash payments into such an escrow account as and when the related Daily Fees are due and payable in accordance with Section 7 above (the amount of such funds that should be on deposit in such escrow account pursuant hereto from time to time, the "Bonus Funds").

  • The Parties acknowledge that notwithstanding any release of 50% of the Bonus Funds pursuant to Section 10(a) above, the Client will continue to make payments into the escrow account in accordance with Section 9 above against the further possibility that release of the remaining Bonus Funds, including such new payments into such account, may occur pursuant to Section 10(b) above.

  • Additionally, Seller's employees shall be entitled to receive bonuses for services rendered prior to Closing at the discretion of Seller from Hospital Bonus Funds to be paid into the Reserve Account, provided that the payment of any such bonus does not create a deficiency in the Reserve Account.

  • Subject to satisfaction of the conditions set out in Section 6.1, the Purchaser shall concurrently with or promptly following Closing ensure that not less than $7 million (the "Bonus Funds") is directly or indirectly paid to, invested in or contributed to the Company.

Related to Bonus Funds

  • Bonus Payments means that portion of the bonus payments received by the

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Bonus Pool means the pool of funds available for distribution to Participants. Subject to the terms of the Plan, the Committee establishes the Bonus Pool for each Performance Period.

  • Earned Bonus means the bonus paid, if any, pursuant to the Company’s incentive compensation plans in effect from time to time. Earned Bonus shall be prorated based on the ratio of the number of days during such year that Executive was employed to 365.

  • Bonus Payment means a cash payment in an amount equal to the sum of (i) all Excise Taxes payable by Executive, plus (ii) all additional Excise Taxes and federal or state income taxes to the extent such taxes are imposed in respect of the Bonus Payment, such that Executive shall be in the same after-tax position and shall have received the same benefits that he would have received if the Excise Taxes had not been imposed. For purposes of calculating any income taxes attributable to the Bonus Payment, Executive shall be deemed for all purposes to be paying income taxes at the highest marginal federal income tax rate, taking into account any applicable surtaxes and other generally applicable taxes which have the effect of increasing the marginal federal income tax rate and, if applicable, at the highest marginal state income tax rate, to which the Bonus Payment and Executive are subject. An example of the calculation of the Bonus Payment is set forth below: Assume that the Excise Tax rate is 20%, the highest federal marginal income tax rate is 40% and Executive is not subject to state income taxes. Further assume that Executive has received an excess parachute payment in the amount of $200,000, on which $40,000 in Excise Taxes are payable. The amount of the required Bonus Payment is thus $100,000. The Bonus Payment of $100,000, less additional Excise Taxes on the Bonus Payment of $20,000 (i.e., 20% x $100,000) and income taxes of $40,000 (i.e., 40% x $100,000), yields $40,000, the amount of the Excise Taxes payable in respect of the original excess parachute payment.