Bonus Payment Amount definition

Bonus Payment Amount means the amount actually paid to the Executive pursuant to Section 13 of the Company's Incentive Bonus Plan or any comparable provision of any successor annual bonus plan.
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Bonus Payment Amount means a one-time cash payment of $200,000 which may be payable to Mr. and Xxx. Xxxxxx Xxxxxx pursuant to the Bonus Agreement, dated July 2019, between Mr. and Xxx. Xxxxxx Xxxxxx and the Company.
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Bonus Payment Amount as used in Schedule A to the Purchase Agreement (and the term “Transaction Bonus Pool” determined by reference to the “Amount of Net Proceeds” under the section labeled “Total Amount of Transaction Bonus Pool” in each Employment Agreement dated as of May 10, 2005, between EFC LLC and each of the key employees of EFC LLC set forth on Schedule 1.1 of the EFC Disclosure Schedule to the Purchase Agreement) shall be determined as if the Third Closing had occurred and the Third Closing Consideration had been paid. Clause (ii) of the definition of the term “Bonus Payment Amount” in Section 1.1 of the Purchase Agreement is deleted in its entirety.
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Examples of Bonus Payment Amount in a sentence

  • There is a mandatory performance review in Year 5conducted by the college if a second term is being considered.

  • At the Closing, (i) Buyer shall deposit with or as directed by the Company from the Closing Consideration Amount the amount described in Schedule 7.14 (the “Bonus Payment Amount”), and (ii) the Company will then cause its payroll provider to pay from the Bonus Payment Amount the Sale Bonuses, less applicable taxes and withholdings, in the amounts and to the persons identified in Schedule 7.14.

  • If a Sale Proceeds Adjustment Event occurs, the Appreciation Bonus Payment Amount to which each Participant is entitled shall be reduced to reflect the recomputed Proceeds Available for Appreciation Bonus.

  • Employee referral policy Objective: To facilitate the hiring of proficient candidates and to encourage and reward employees for recommending qualified candidates.Referral Bonus Payment Amount: Referral candidates: Total Rs 3,000/- to be paid after the referred candidate has completed three months of probation period in the Company.

  • Such Salary Payment Amount and Bonus Payment Amount shall be paid, at the Company’s option, in a lump sum within sixty (60) days after the date of Executive’s Involuntary Termination or periodically over the Severance Period according to the Company’s standard payroll schedule, provided that such payments may not extend beyond two and one-half (2 ½) months following the end of the calendar year in which the date of Involuntary Termination occurs.


More Definitions of Bonus Payment Amount

Bonus Payment Amount means ***.
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Bonus Payment Amount means the aggregate amount of all bonus payments required to be made by Holdings or its Subsidiaries to any current or former employee, whether pursuant to an employment agreement, employee or executive incentive or bonus arrangement or otherwise, as a result of the consummation of the transactions contemplated by the Agreement and which have not been paid prior to the Closing Date and shall include any bonus and the value of the deferred compensation provided for under the bonus and deferred compensation plan described in Schedules 1.6(b) and 1.6(b)(i).
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Bonus Payment Amount means the cash payments listed on Schedule 1.2.7, which shall include (A) the following payments paid or to be paid before, on or after the date of this Agreement or at or after the Closing: (i) all payments to be made under the Cash Incentive Plan, (ii) the 2014 Senior Management Bonus Amount, and (iii) all payments to be made under the Retention Plans, and (B) any other cash payments to be made with respect to any other employment, retention or bonus plan, program, agreement, or other similar arrangement with the Company, in each case for purposes of this clause (B), arising out of or in anticipation of the Contemplated Transactions, whether paid prior to the date of this Agreement or hereafter, including “Special Bonuses” as set forth on Schedule 1.2.7, but excluding any plan, program, agreement or arrangement entered into by the Company or Buyer after the Closing.
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Bonus Payment Amount means (i) the aggregate amount payable to those key employees of EFC LLC set forth Schedule 1.1 of the EFC Disclosure Schedule as are entitled to receive a “Transaction Bonus” pursuant to the terms of their respective employment agreements entered into on or about the date hereof with EFC LLC plus (ii) such other amounts as Edelman may determine in his sole discretion pursuant to Section 4.2(b) of the EFC LLC Agreement.
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Related to Bonus Payment Amount

  • Bonus Payment means a cash payment in an amount equal to the sum of (i) all Excise Taxes payable by the 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 the 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, the 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 the 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 the Executive is not subject to state income taxes. Further assume that the Executive has received an excess parachute payment in the amount of $200,000, on which $40,000 ($200,000 x 20%) in Excise Taxes are payable. The amount of the required Bonus Payment is thus computed to be $100,000, i.e., 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.

  • CVR Payment Amount has the meaning set forth in Section 2.4(a).

  • 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.

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

  • Payment Amount as defined in Section 3.5.

  • 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).

  • Principal Payment Amount For any Distribution Date, an amount equal to the related Principal Remittance Amount for such date minus the related Overcollateralization Release Amount, if any, for such date.

  • Incentive Payment means the payment to a STGU, including an AOBC Generation Unit, for RPS class I Renewable Generation Attributes and/or Environmental Attributes produced by these units, calculated pursuant to Section 7.0 below.

  • Closing Payment Amount will have the meaning set forth in Section 1.3(a).

  • Earn-Out Amount has the meaning set forth in Section 2.07(a).

  • Earnout Amount has the meaning set forth in Section 2.5.1b).

  • Earn-Out Payment has the meaning set forth in Section 2.5(a).

  • Cash Bonus means an award of a bonus payable in cash pursuant to Section 10 hereof.

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • Net Amount means the Distribution Amount less the sum of all quarterly payments received by the COP Swap Counterparties under the COP Swap Collateral Agreement in respect of amounts owed under the COP Swap Agreements since January 1, 2014.

  • Monthly Debt Service Payment Amount means, for each Monthly Payment Date, an amount equal to the amount of interest which is then due on all the Components of the Loan in the aggregate for the Interest Period during which such Monthly Payment Date occurs.

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

  • Earn-Out Payments has the meaning set forth in Section 2.3(a).

  • Repayment Amount means the amount to be paid by the Recipient to the OPWC on each payment date of each year during the Term pursuant to the terms and conditions of the Note.

  • Earnout Payment has the meaning set forth in Section 2.3(b).

  • Deferred Sales Charge Payment Dates means the dates specified for deferred sales fee installments under "Investment Summary--Fees and Expenses" in the Prospectus for the Trust.

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.

  • Senior Principal Payment Amount For any Distribution Date on or after the Stepdown Date and as long as a Trigger Event has not occurred with respect to such Distribution Date, will be the amount, if any, by which (x) the Class Principal Balance of the Senior Certificates immediately prior to such Distribution Date exceeds (y) the lesser of (A) the product of (i) 57.40% and (ii) the Aggregate Collateral Balance for such Distribution Date and (B) the amount, if any, by which (i) the Aggregate Collateral Balance for such Distribution Date exceeds (ii) 0.50% of the Aggregate Collateral Balance as of the Cut-off Date (including amounts in the Prefunding Account as of the Closing Date).

  • Settlement Amount means, with respect to a party and any Early Termination Date, the sum of: --

  • 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.