Bonus Time definition

Bonus Time means a program for the nonguaranteed use of accommodations or amenities at one or more time share properties under common management that allows reservations by owners of the time share properties for unreserved accommodations or amenities during a period of not more than thirty days before the desired reservation dates.
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Bonus Time means the days during which an Owner has use rights in an Apartment under an accepted reservation made in accordance with the Guidelines and Regulations in addition to such Owner’s Vacation Credit Use and for which the Bonus Time Fee is paid;
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Bonus Time means time in the Resort network that may be
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Examples of Bonus Time in a sentence

  • Conditions for purchase and use of Bonus Time are determined by space availability and Club Guidelines (Rules), which are subject to change.

  • Premier Owners may purchase additional reserved time, referred to as Bonus Time.

  • No annual assessment or Bonus Time Fee shall be increased more than the higher of the following two amounts above the annual assessment or Bonus Time Fee for the immediately preceding fiscal year: (i) five percent (5%), or (ii) the percentage increase in the U.S. Consumer Price Index for All Urban Consumers as reported by the U.S. Department of Labor, Bureau of Labor Statistics, for the calendar year immediately preceding the year for which the increase is being made.

  • Each Member has the right to occupy and use a Unit and the Property during such Member’s Vacation Credit Use or Bonus Time, reserved pursuant to the Rules.

  • Xxxxxxx Goal Bonus Time Goal # Weight Weight Description Period i Comments 1 25% 12.5% Execution of financeable definitive documentation ii for the construction of one additional TCP plant.

  • A Membership in the Club is a vacation license which constitutes only (a) a right to use and occupy a Unit during the Member’s Vacation Credit Use or Bonus Time, (b) a nonexclusive license to use, enjoy and occupy the Property and recreational facilities appurtenant thereto during Member’s Vacation Credit Use or Bonus Time, (c) voting rights in the Club as described in the Bylaws, and (d) participation in the corporate ownership of the real estate and other assets of the Club.


More Definitions of Bonus Time

Bonus Time. : means the use and occupancy of a Suite, the Common Areas, and the Common furnishings by owners, share adopters, and, if applicable, their guest(s); which is other than for regular use or exchange, and for which a fee is charged. The current fees are $140 per night for a Parlor Suite and $160 per night for a Master Suite.
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Bonus Time means, with respect to each Transferred Employee who executes and delivers a valid consent as contemplated by Section 6.2(e), the number of days that is equal to such Transferred Employee’s accrued but unused vacation days with the Seller as of the Closing Date, as shown on the schedule delivered by the Seller to the Buyer pursuant to Section 6.2(e).
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Bonus Time. : means the use and occupancy of a Suite, the Common Areas, and the Common
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Bonus Time means unoccupied space in the Projects that may be used and occupied by a Member, subject to availability and certain advance reservation requirements, as determined by the Underlying Association, and for which a rental charge applies.
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Bonus Time. : means the use and occupancy of a Suite, the Common Areas, and the Common furnishings by owners, and, if applicable, their guest(s), which is other than for regular use or exchange and for which a fee is charged. The current daily fees range from $100 to $160 nightly. Please contact the Association for details.
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Related to Bonus Time

  • Target Annual Bonus has the meaning set forth in Subsection 3b.

  • Bonus means the bonus described in the Section 2.3.

  • Bonus Target means the annual bonus that the Executive would have received in a fiscal year under the AIP Plan and/or the EIC Plan, if the target goals had been achieved.

  • 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 Period means the period for which a Bonus is payable. Unless otherwise specified by the Board, the Bonus Period shall be the fiscal year of the Company.

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

  • 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).

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

  • Earned Bonus means the bonus paid, if any, pursuant to the Company’s incentive compensation plans in effect from time to time. Earned Bonus shall be prorated based on the ratio of the number of days during such year that Executive was employed to 365.

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • Accrued Bonus means the bonus, which may be negative or positive, which is calculated in the manner set forth in Section V.A.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Accrued Base Salary means the amount of Executive's Base Salary which is accrued but not yet paid as of the Date of Termination.

  • 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.

  • 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.

  • Performance Year means the calendar year prior to the year in which an Annual Award is made by the Committee.

  • Target Bonus means Executive’s annual (or annualized, as applicable) target bonus in effect immediately prior to Executive’s Qualifying Termination or, if Executive’s Qualifying Termination occurs during the Change in Control Period and the amount is greater, Executive’s annual (or annualized, if applicable) target bonus in effect immediately prior to the Change in Control.

  • Annual Incentive Award means an Award made subject to attainment of performance goals (as described in Section 14) over a performance period of up to one year (the Company’s fiscal year, unless otherwise specified by the Committee).

  • Annual Incentive Plan means the Cinergy Corp. Annual Incentive Plan or any similar plan or successor to the Annual Incentive Plan.

  • Award Period means the period beginning on an Award Date and ending on the expiration date of such Award.

  • Base Salary shall have the meaning set forth in Section 3(a) hereof.

  • Award Year means a fiscal year beginning January 1 and ending December 31 with respect to which an Award may be granted.

  • Retention Bonus means the amount equal to:

  • Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award Agreement.

  • Annual Award means the cash payment paid or payable to the Executive with respect to a fiscal year under the Corporation's Incentive Compensation Performance Plan.

  • Incentive Pay means an annual amount equal to the aggregate annual bonus, in addition to Base Pay, made or to be made in regard to services rendered in any calendar year or performance period pursuant to any bonus plan of the Company.