Bonus Recipient definition

Bonus Recipient means any employee of the Company or any of its Subsidiaries that has received a distribution from the Transaction Bonus Pool pursuant to clause First in Section 6.1(b).

Bonus Recipient means Key Employees who receive a bonus pursuant to the Bonus Plan.

Bonus Recipient means each employee of the Company party to a Transaction Bonus Agreement. “Buckeye” is defined in the preamble to this Agreement.

Examples of Bonus Recipient in a sentence

• Change of Control Bonus Recipient Letters shall have been executed and delivered by each Change of Control Bonus Recipient.

• For the avoidance of doubt, any Service Bonus Recipient who is requested to provide and declines or fails to provide any or all Transition Services requested by Parent will be paid no Service Bonus.

• If the proposed bonus amount for the Discretionary Bonus Recipient is less than or equal to such person’s annual bonus potential as set forth in the Agreed-Upon Manager Budget for such year, and the Compensation Committee does not approve such proposed bonus amount, the Company shall give Manager a commercially reasonable reason for its decision.

• The amount of any such Post-Closing Transaction Bonus will reduce the Purchase Price and the Closing Cash Payment at Closing by such amount, except that if any Bonus Recipient is no longer employed by the Company at the time the Bonus Recipient is to receive any portion of the Post-Closing Transaction Bonus, such amount will not be paid to such Bonus Recipient by the Company and such amount instead will be paid to Sellers, and will then constitute an increase to the Purchase Price.

• Further, as a condition to receiving the Stay Bonus, Recipient must be in continued compliance with the terms of this Agreement, including, without limitation, Section 5 and Section 6 hereof.

More Definitions of Bonus Recipient

Bonus Recipient has the meaning set forth in the Preamble.

Bonus Recipient means any Person identified on Section 3.39(b) of the Company’s Disclosure Schedule. “Transaction Bonus Agreements” means those agreements between the Company and any Bonus Recipient, which entitle such Bonus Recipient to bonus compensation as a result of the transactions contemplated by this Agreement, copies of which have been delivered to Parent. “Transaction Bonus Payments” means those payments to which the Bonus Recipients are entitled pursuant to their respective Transaction Bonus Agreements as a result of the transactions contemplated by this Agreement.

Bonus Recipient means those persons entitled to receive a portion of the Employee Payments pursuant to Schedule 2.1, which for Xxxxx Xxxxxxx and Xxxxx Xxxxxxx shall be received by them within 10 days of completion of consulting arrangements each for a period of 3 months following Closing, provided that such person has executed and not revoked an effective release of claims.

Bonus Recipient means each individual entitled to a portion of the Closing Date Bonus Consideration as separately notified in writing by the Company to the Parent on or prior to the date of this Agreement.

Bonus Recipient shall have the meaning set forth in Section 6N.

Bonus Recipient means each employee of the Company party to a Transaction Bonus Agreement.

Bonus Recipient means each of the employees set forth on the Allocation Schedule (as may be amended as provided for herein) that is entitled to a bonus upon consummation of the Closing.