Cash Bonus Amount definition
Examples of Cash Bonus Amount in a sentence
For each fiscal year of the Company set forth on Exhibit A attached hereto and subject to the conditions set forth in Section 3 hereof, the Employee shall accrue the right to the Cash Bonus Amount set forth in column (C) of Exhibit A if the Company's annual Earnings before Interest, Taxes, Depreciation and Amortization ("EBITDA"), as defined on Exhibit A, equals or exceeds the Target Annual EBITDA amount set forth in column (A) of Exhibit A with respect to such fiscal year.
If for any fiscal year set forth on Exhibit A the Company's cumulative annual EBITDA amount for that and the proceeding fiscal years equals or exceeds the Cumulative Target EBITDA amount set forth in column (B) of Exhibit A with respect to such fiscal year, and subject to the conditions set forth in Section 3 hereof, the Employee shall accrue the right to the Cash Bonus Amount as if the Company had achieved its Target Annual EBITDA amounts for that and each of the preceding fiscal years.
Following the Separation Time, the Company shall pay the 2021 Cash Bonuses to the SpinCo Participants on behalf of Parent in accordance with the terms of the applicable 2021 Bonus Plans (including terms relating to the timing of payment), to the extent not paid prior to the Separation Time, in an amount no less than the 2021 Aggregate Cash Bonus Amount (which shall be communicated by Parent to the Company prior to the Separation Time).
The 2021 Aggregate Cash Bonus Amount shall constitute a Parent Retained Employee Liability, and shall be fully satisfied by Parent prior to the Separation Time in such manner as reasonably determined by Parent in good faith.
The RSU Equivalent Cash Bonus Amount shall be in lieu of any other entitlements Executive may have in connection with the awards described on Annex C attached hereto.
Without limiting the foregoing, Employee shall include in Employee's United States federal, New York State, and, if applicable, New York City gross income compensation income for 2002 an amount equal to the Cash Bonus Amount plus the Reportable Compensatory Issuance Income Amount.
The 2014 Performance Cash Bonus Amount will be made as soon as administratively feasible following the Effective Date, but no later than 30 days following the Effective Date.
At the Closing, TWUS will pay to Employee cash in an amount equal to the sum of the Cash Bonus Amount plus the Loan Amount.
Any CoC Cash Bonus Amount payable to Executive hereunder shall be payable as soon as reasonably practicable following the consummation of the Change of Control.
For clarity, any portion of the Cash Bonus Amount that is not actually paid by Buyer to such Company employees will be returned by Buyer to Seller instead.