Bonus Scheme definition
Bonus Scheme or “Crop Bonus” means an amount in the nature of a contingency policy, as defined by clause 1.9 above, which will be reserved for the client, at the sole discretion of the facilitator, and which will only accrue to the client upon the successful and full repayment of all amounts due in terms of this MFA and any Premium Finance Agreement for a period of three (3) consecutive years. If the client does not fully fulfil his/her/its repayment responsibilities in terms of this MFA or any Premium Finance Agreement the performance incentive will cease and not accrue to the client. Furthermore, in the event that the client does not make use of the services in terms of this MFA or Premium Finance Agreement for a consecutive period of three (3) years the client will only be entitled to fifty percent (50%) of the performance incentive calculated by the facilitator for each year that his/her/its repayment responsibilities were fulfilled.
Bonus Scheme means the retention bonus offered to certain employees of Group Companies in connection with the transaction contemplated by this Agreement;
Bonus Scheme means any bonus scheme conducted by the Group from time to time in which Executives may participate from time to time, excluding any scheme established in terms of schedule 14 to the JSE Listings Requirements;
Examples of Bonus Scheme in a sentence
The New Homes Bonus Scheme is designed to provide incentives and rewards for Local Authorities who wish to build new homes in their areas.
Common to the relationships giving rise to a duty is some entrustment of one’s care in another.
Included in the share based incentive schemes are two additional schemes (2017 Deferred Bonus Scheme and 2018 LTIP Scheme) awarded during the reporting period.
In 2022, just as over recent three-year periods, the Company intends to implement a Deferred Annual Bonus Scheme linked to the Strategic Plan 2022-2024.
The Parties agree to maintain the Saturday Attendance Bonus Scheme (SABS).
More Definitions of Bonus Scheme
Bonus Scheme means the Company’s discretionary corporate bonus scheme. Contract means this service agreement between the Company and the Employee.
Bonus Scheme means the annual bonus arrangements operated by Sirius; “Court Sanction” means the Court sanctioning the Scheme;
Bonus Scheme means the Xxxxxxxx Insurance Group cash incentive plan as amended from time to time; “Business Day” means a day (other than a Saturday or a Sunday) on which banks are open for business in London; “Change in Control” has the meaning defined in the Xxxxxxxx Insurance Group 2013 Equity Incentive Plan (as amended from time to time); “Employment Term” means the period commencing on the Effective Date through termination in accordance with the terms of this Agreement; “Financial Year” means the financial year used for the purposes of the Bonus Scheme as from time to time adjusted; “Good Reason” has the meaning defined in the Xxxxxxxx Insurance Group 2013 Equity Incentive Plan (as amended from time to time); “Group Board” the board of directors of Xxxxxxxx Insurance Group; “Group CEO”means the Chief Executive Officer of Xxxxxxxx Insurance Group; “Group Company” means the Company and any company that is from time to time a parent or holding company of the Company, a direct or indirect subsidiary company of the Company, a direct or indirect subsidiary company of a holding company of the Company or a company in which the Company owns, directly or indirectly, at least fifty percent (50%) of the issued share capital, or any individual member of such group (excluding the Company) as the context requires; “Xxxxxxxx Insurance Group” or “Parent” means Xxxxxxxx Insurance Group, Ltd., a Bermuda company; “Restricted Business” means (i) the insurance or reinsurance business; (ii) the contemplation, creation and/or execution of insurance or reinsurance business, including
Bonus Scheme has the meaning given in Section 7.1;
Bonus Scheme means the bonus scheme defined in clause 11 of the Letter of Intent dated 8 January 2002.
Bonus Scheme means the intu Properties PLC Bonus Scheme;