Bonus Liabilities definition

Bonus Liabilities means, with respect to a specified calendar year, the aggregate amount of corporate bonuses paid by Remington for such calendar year, as determined in accordance with GAAP applied using the same accounting methods, practices, principles, policies and procedures, with consistent classifications, judgments and valuation and estimation methodologies that were used in the preparation of the Audited 2018 Carve-Out Financial Statements.
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Bonus Liabilities means all liabilities (including fringe benefits and Taxes) at the Closing with respect to the payment of bonuses to the employees of the Company (including to Commercial Partners and individuals that following the Closing will be Newco Employees), except for Newco Bonus Liabilities. 1.16 “Books and Records” means, with respect to any Person, all books, records, ledgers, files and other documents, pertaining to the operation of such Person.
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Bonus Liabilities has the meaning as set forth in Section 5.3(c).
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Examples of Bonus Liabilities in a sentence

  • No later than January 15, 2021, CWI 2 shall send a final report of the Stub-Period Bonus Liabilities to the WPC Entities and the Watermark Entities.

  • Except for the Assumed Severance and Retention Bonus Liabilities, Sellers shall retain sole responsibility for all (i) accrued payroll and bonuses and accrued but unused vacation, sick or personal days of each Offered Employee as of the Closing Date and (ii) obligations, claims, liabilities and commitments under Sellers’ Benefit Plans and compensation practices, including severance benefits, if any, payable to Offered Employees who are not Transferred Employees as a result of the Transactions.

  • If the ▇▇▇▇▇▇▇▇▇ ▇▇ Parties fail to deliver such a statement of objection before the expiration of such 20-day period, the Fee/Bonus Statement will be deemed to have been accepted by the ▇▇▇▇▇▇▇▇▇ ▇▇ Parties, and the Pro Rated Incentive Fees and Pro Rated Bonus Liabilities thereon shall be final.

  • Purchaser shall pay (or shall cause its Affiliates to pay) to each applicable Transferred Employee any payments due to such Transferred Employee under the terms of the applicable Bonus Plan, determined based on actual performance during the applicable performance period, other than the Seller Portion of the Other Bonus Liabilities.

  • The Guarantors shall procure that the Employee Tax Liability and Other Transaction Bonus Liability is (where relevant) deducted from such payment of the Success Sharing Plan Milestone, Transaction Bonuses and that the Employee Tax Liability and the Other Transaction Bonus Liabilities are accounted for by the relevant member(s) of the Group to the relevant Tax Authority or other person or entity within the time limits required by law.

  • For the avoidance of doubt, the Estimated Pro Rated Incentive Fees and Estimated Pro Rated Bonus Liabilities for this purpose shall be the same as the Estimated Pro Rated Incentive Fees and Estimated Pro Rated Bonus Liabilities, respectively, provided pursuant to Section 2.06(a).

  • Remington shall provide the Remington Parties full access to the books and records and personnel of Remington to the extent that they relate to the calculation and determination of the Incentive Fees or the Bonus Liabilities.

  • Without limiting the foregoing, the Buyer shall, or shall cause one of its Affiliates (including, after the Closing, the Sold Companies and Sold Subsidiaries) to, make all bonus payments constituting Assumed Bonus Liabilities.

  • Any Masco Bonus Liabilities payable to TopBuild employees for the year in which the Distribution Date occurs, which would normally be settled in Masco restricted share awards, shall be paid in cash as if such award were fully vested, based on the value of Masco shares at the time such awards would otherwise have been made in the normal course but no later than March 15, 2016.

  • VALIDITY THIRTY-FIRST.--The Invalidity or unenforceability of any provision of this lease shall in no way affect the validity or enforceability of any other provision hereof.