Examples of Bonus Recipients in a sentence
The Surviving Company, the Paying Agent and Buyer shall withhold or deduct with respect to amounts payable to Change of Control Bonus Recipients such amounts as the Surviving Company, the Paying Agent or Buyer is required to deduct and withhold with respect to the making of such payment under any provision of applicable Law and timely remit such amounts to the appropriate Tax Authority.
Purchaser will cause the Company to pay the Post-Closing Transaction Bonus to the Bonus Recipients in accordance with this paragraph and the instructions (consistent with the above) provided by the Sellers.
The Parent shall cause the Company Bonus Amounts minus the cash amount with respect to each Company Bonus Amount withheld and contributed to the Escrow Fund pursuant the Escrow Allocation Schedule to be paid by the Surviving Corporation through its payroll processor to Company Bonus Recipients as soon as practicable after the Effective Time.
Upon each distribution to the Members and Variable Transaction Bonus Recipients, as directed by the Representative, under this Section 8.1(f), an amount equal to the corresponding Tax Distribution Amount shall be distributed to the Buyer.
The Holdback Participants, Optionholders and Bonus Recipients shall not have any right of contribution, indemnification or right of advancement from the Surviving Corporation or Parent with respect to any Loss claimed by an Indemnified Party.