Bonus Obligations definition

Bonus Obligations means any payment due to Employees of the Business under the Executive Bonus Plan of Seller for the 2005 fiscal year not already paid by Target Company prior to the Closing Date.

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Bonus Obligations means the total of the Grantor’s obligations to a Beneficiary, or if the context indicates that such term is used to refer to one or more persons, to the Beneficiaries either pursuant to the Bonus Programs established by the Grantor (such policy being subject to change, including changes based upon changes to the applicable law) or pursuant to the Retention Letter(s), which also may be subject to change as permitted by law. The aggregate amount of the Bonus Obligations shall be reduced to the extent of Grantor’s payment, or the payment from the Trust, of amounts due under the Retention Letter(s) or pursuant to the Bonus Programs, and may increase in accordance with the terms of certain of the Retention Letters or those programs.

Bonus Obligations means the total amount of annual cash incentive compensation paid to the Transferred Employees in respect of full year 2023.

Examples of Bonus Obligations in a sentence

As a condition for the payment of any post-Termination Date benefits to be provided hereunder except for Accrued Base Obligations, Accrued Performance Bonus Obligations and Accrued Retention Bonus Obligations, Executive shall deliver to Company a release in favor of Company in a customary form prior to the 52nd day after the termination date.
Any Accrued Base Obligations (as defined below) other than employee benefits, Accrued Performance Bonus Obligations (as defined below), Accrued Retention Bonus Obligations (as defined below), Partial Period Performance Bonus Obligations (as defined below), and Partial Period Retention Bonus Obligations (as defined below), which are payable to Executive as provided in any of Sections 4.2 through 4.6 below, shall be paid within thirty (30) days after the Termination Date.
As a condition for the payment of any post-Termination Date benefits to be provided hereunder except for Accrued Base Obligations, earned but unpaid Performance Bonus for fiscal years ended prior to the Termination Date, and Accrued Bonus Obligations, Executive shall deliver to the Company a release in favor of the Company in the form attached hereto as Exhibit A.
If Executive dies prior to a Termination Date that otherwise occurs, Company shall not thereafter be obligated to make any further payments hereunder other than amounts for Accrued Base Obligations and Accrued Bonus Obligations.
As a condition for the payment of any post-Termination Date benefits to be provided hereunder except for Accrued Base Obligations and Accrued Bonus Obligations, prior to the date of any such payment Executive shall deliver to Company a release in favor of Company in the form attached hereto as Exhibit B prior to the 52nd day after the Termination Date (the “Release”).
Accrued Base Obligations shall be paid within thirty (30) days after the Termination Date, and Accrued Bonus Obligations shall be paid on the date on which they would have been paid under this Agreement absent the occurrence of the Termination Date.
Except as described in Section 3.1(s) of the Disclosure Letter, for the Services Agreement and for Contracts of employment, the Company is not a party to any Employee Bonus Obligations, any Contract with any officer, director, employee, shareholder or any other related party of the Company.
In the event Executive’s employment is terminated for Disability in accordance with this Section 4.4, Company shall not be obligated to make any further payments hereunder except for Accrued Base Obligations and Accrued Bonus Obligations.
In the event Executive’s employment is voluntarily terminated by Executive without Good Reason, Company shall not be obligated to make any further payments to Executive hereunder other than Accrued Base Obligations and Accrued Bonus Obligations through the Termination Date.
In the event Executive’s employment is voluntarily terminated by Executive without Good Reason (and Executive may terminate this Agreement without Good Reason upon fifteen (15) days prior notice), Company shall not be obligated to make any further payments to Executive hereunder other than Accrued Base Obligations and Accrued Bonus Obligations through the Termination Date.

More Definitions of Bonus Obligations

Bonus Obligations means all payments, bonuses, severance, deferred compensation and similar items owing to any employee of, independent contractor to, or former holder of equity in, the Company, including without limitation all Transaction-Related Bonuses.

Bonus Obligations means any payment accrued in respect of Employees of the Business under the Executive Bonus Plan of Seller or any other bonus plan of Seller or its Subsidiaries for the portion of Seller's fiscal year in which the Closing Date occurs that has elapsed prior to the Closing Date (and for any prior fiscal year, if not paid prior to the Closing Date) based on the level of achievement of the bonus criteria specified in such plans for such bonuses; provided that no payments payable under any sales incentive plans of Seller or its Subsidiaries shall constitute Bonus Obligations.

Bonus Obligations means the aggregate amount payable by the Company to Company Employees pursuant to (i) the 2009 Employee Bonuses and (ii) the Transaction Bonuses, but, in each of clauses (i) and (ii), only to the extent such amounts are payable on or after the close of business on the Business Day immediately preceding the Closing.

Bonus Obligations means [***], representing the sum of gross transaction-related bonus amounts payable by Bitty Advance to each of the Bonus Recipients in connection with the Closing (and pursuant to the terms and conditions set forth in the Incentive Agreements, as applicable) as set forth on Schedule 8.1(a).

Bonus Obligations means any cash bonus payment accrued in respect of Employees of the Business under the short-term incentive plan of Parent for calendar year 2007.

Bonus Obligations means all severance, incentive, stay bonus or change of control obligations (whether payable prior to, on or after the Closing Date) that arose or may arise under any Employee Benefit Plan of any Park Company or other contract in whole or in part as a result of the consummation of the transactions contemplated by this Agreement.