Bonus Payment Date definition

Bonus Payment Date has the meaning set out in paragraph 6 of Schedule 1;

Bonus Payment Date means each date on which Bonus payments are made under the Corporation's Executive Incentive Bonus Plan.

Bonus Payment Date means the date on which the Bonus becomes payable with respect to a Plan Year, without regard to any Deferral Election respecting such Bonus.

Examples of Bonus Payment Date in a sentence

• If Employee’s employment with the Company terminates by reason of death or Disability, then the Company shall also pay to Employee (or Employee’s estate or legal representatives, as applicable) on the Pro Rata Bonus Payment Date an amount in cash equal to the Pro Rata Bonus.

• In addition, if Executive’s employment should terminate on his death or because of his Disability during the Employment Period (other than as a consequence of Employment-Related Death or Disability), the Company shall pay to Executive (or to his estate in the event of his death) the Pro-Rata Bonus, if any, in one lump sum payment on the Bonus Payment Date for the fiscal year of the Company that includes the Date of Termination.

• Each Employee who is an Eligible Employee for any Plan Year beginning on or after August 1, 1999 may make a direct cash payment to the Corporation at least seven days prior to (i) the first Bonus Payment Date during such Plan Year and/or (ii) January 31 of such Plan Year.

• In addition, if Executive’s employment shall terminate upon his death or be terminated by the Company due to Executive’s Disability during the Employment Period, the Company shall pay to Executive (or, in the event of Executive’s death, to his estate) the Pro-Rata Bonus, if any, in one lump sum within five (5) business days following the Bonus Payment Date for the fiscal year of the Company that includes the Date of Termination.

• For the avoidance of doubt, if Executive is a “Specified Person” and the Bonus Payment Date occurs during the six months after the date of such date of termination, such bonus shall instead be paid on the first business day that is at least six months and one day after the date of termination with interest from the date otherwise payable.

More Definitions of Bonus Payment Date

Bonus Payment Date shall have the meaning set forth in Section 2(b) to this Agreement.

Bonus Payment Date means the first anniversary of the Effective Date.

Bonus Payment Date means the date on which Awards with respect to a Performance Period are paid, which shall not be later than March 15th of the year following the applicable Performance Period except to the extent the payment of such Award is credited to a Participant’s Bonus Bank or otherwise deferred pursuant to the terms of the RLI Corp. Executive Deferred Compensation Plan.

Bonus Payment Date means, with respect to a fiscal year, the date we pay Bonuses for such fiscal year to our senior executives (but not earlier than January 1 or later than March 15 of the year immediately following the end of the applicable fiscal year).

Bonus Payment Date means February 1st. Any payment that is due to be distributed as of the Bonus Payment Date will be deemed to be distributed as of that date if it is distributed on such date or, if later, by the 15th day of March following the date and the Participant is not permitted, directly or indirectly, to designate the calendar year of payment. Further, a payment will be treated as made on the Bonus Payment Date if it is made no earlier than 30 days before the date, and the Participant is not permitted, directly or indirectly, to designate the calendar year of payment.

Bonus Payment Date for any Fiscal Year shall mean the date that a Bonus earned with respect to such Fiscal Year is due to be paid.

Bonus Payment Date means the date designated by the Committee between January 1 and March 15 of each Year on which the Cash Bonus with respect to the prior Year is or would otherwise be received by the Participant.