CIC Amount definition

CIC Amount. The term “CIC Amount” shall mean an amount equal to the sum of:
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CIC Amount means the sum of (x) for each completed calendar quarter in the CIC Year (if any) prior to the CIC Date (each, a “Pre-CIC Quarter”), one-fourth (1/4) of the Annual Accrued Amount for the CIC Year as determined based on the Performance Multiplier as calculated based on the aggregate Adjusted Free Cash Flow for the Pre-CIC Quarters but with the applicable Adjusted Free Cash Flow targets for the CIC Year prorated based on the number of days of the CIC Year in the Pre-CIC Quarters, and (y) for each quarter in the CIC Year that is not a Pre-CIC Quarter, one-fourth (1/4) of the Annual Target Amount. For purposes of this Section 4(b), the Award Payout Amount, as calculated according to this Section 4(b), shall be paid following the end of the Performance Period in accordance with Section 2(d) and Section 3, subject to the Grantee’s continued employment with the Company or a Subsidiary through the end of the Performance Period. For the avoidance of doubt, the Aggregate Cap shall not apply to amounts payable under this Section 4(b).
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CIC Amount means an amount equal to the product of the sum of the Executive’s Base Salary plus the Executive’s Average Target Attainment Bonus.
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Examples of CIC Amount in a sentence

  • If the French Severance Payments would be in excess of the Agreement Amount or the CIC Amount, no payment would be made to the Employee pursuant to this Agreement, other than any payment pursuant to Section 6 of this Agreement.

  • In the event of a Change in Control, the Award Payout Amount shall equal the sum of (i) for each Performance Year ending prior to the effective date of such Change in Control (the “CIC Date”), the applicable Annual Accrued Amount, (ii) for the Performance Year in which the CIC Date occurs (the “CIC Year”), the CIC Amount (as defined below) and (iii) for any remaining Performance Years in the Performance Period, the Annual Target Amount.

  • Under these circumstances and provided that all requirements provided in this Agreement are complied with, the Company will provide an additional payment to cover the difference between the Agreement Amount or the CIC Amount provided in this Agreement and the French Severance Payments.

  • Such payment shall be made, in the case of a Termination of Employment during the Limited Period, in accordance with the provisions governing payment of the Severance Amount or CIC Amount under Section 4.1(c), and in the case of a Termination of Employment other than during the Limited Period, in the year following the year in which the Termination Date occurs but no later than March 15th of such year.

  • In the event of a Change in Control, the Upfront CIC Amount or the Stay Bonus, as determined under Section 7, shall be paid to the Participant in a single lump sum (subject to applicable tax withholding) on or as soon as practicable following the Change in Control Date but in no event later than sixty (60) days following the Change in Control Date.

  • Subject to the provisions of paragraphs 3, 10 and 13, the Executive shall have the right to receive the CIC Amount (as defined in Annex B)) during the Compensation Period (as defined in Annex B).

  • Notwithstanding the Section 7.02 above, if the target amount of the Participant’s annual cash bonus, if any, for the year in which the Change in Control Date falls (the “Stay Bonus”) is greater than the Upfront CIC Amount, the Participant shall be allocated on the Change in Control Date the Stay Bonus in lieu of the Upfront CIC Amount.

  • Youth View and Game Safety Name of Group or Organisation: Geeks Room CIC Amount Proposed from Wellbeing Budget: £9,860 Wards Covered: Armley, Bramley & Stanningley Project Description: The core idea of our project remains the same: to encourage young people to talk and think about how their actions affect both themselves and other people around them.

  • Fifty percent (50%) of the CIC Amount shall be payable within thirty (30) days after Termination of the Executive’s Employment and the remaining fifty percent (50%) of the CIC Amount shall be paid in equal monthly installments over the Compensation Period.


More Definitions of CIC Amount

CIC Amount means one and a half (1.5) million USD converted into local currency at the Date of Termination and in accordance with the Company’s practice and polices.
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CIC Amount shall have the meaning set forth in Annex B.
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Related to CIC Amount

  • L/C Amount means the sum of (i) the aggregate face amount of any issued and outstanding Letters of Credit and (ii) the unpaid amount of the Obligation of Reimbursement.

  • Accrued Amount has the meaning set forth in Section 3.1(b) of this Agreement.

  • M&O Amount means the revenue protection payment required as part of this Agreement as set out in TEXAS EDUCATION CODE Section 48.256(d) and shall have the meaning assigned to such term in Section 4.2 of this Agreement.

  • Accrued Amounts means any unpaid annual base salary accrued through the date of a Participant’s Qualifying Termination and any accrued but unpaid vacation pay.

  • Aggregate Outstanding Amount With respect to any of the Notes as of any date, the aggregate unpaid principal amount of such Notes Outstanding on such date.

  • Gross-Up Amount has the meaning set forth in definition of “Make Whole Amount.”

  • Cash Election Amount means the product of the number of Cash Election Shares multiplied by the Cash Election Consideration.

  • FX Reduction Amount is defined in Section 2.1.3.

  • Forward Price Reduction Amount For each Forward Price Reduction Date, the Forward Price Reduction Amount set forth opposite such date on Schedule I. Shares: Common stock, USD 0.01 par value per share, of Party B (also referred to herein as the “Issuer”) (Exchange identifier: “VICI”). Exchange: New York Stock Exchange. Related Exchange(s): All Exchanges. Clearance System: DTC. Calculation Agent: Party A.

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.

  • Declined Amount as defined in Section 2.12(e).

  • Retention Amount means, in relation to any Retention Date, such sum as shall be the aggregate of:

  • Termination Amount has the meaning set forth in Section 7.02(a).

  • Maximum Offering Amount means have the meaning set forth in the recitals hereto.

  • Allowed Amount means the total amount of reimbursement allocated to a covered Service and includes both the BCBSAZ payment and the Member Cost-share payment. BCBSAZ calculates deductible and Coinsurance based on the Allowed Amount, less any access fees or Precertification Charges. BCBSAZ uses the Allowed Amount to accumulate toward any Out-of-pocket Coinsurance Maximum or Out-of-pocket Maximum that applies to the member’s Benefit Plan. The Allowed Amount does not include any balance bills from noncontracted Providers. The Allowed Amount is neither tied to, nor necessarily reflective of, the amounts Providers in any given area usually charge for their services. The table below shows how BCBSAZ determines the Allowed Amount:

  • Trigger Amount with respect to Extraordinary Trust Expenses for the Trust is $25,000 and the Maximum Reimbursable Amount is $100,000. The Trustee Fee will be paid by the Expense Administrator. Expenses will be reimbursed by the Expense Administrator in accordance with the Expense Administration Agreement.

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.

  • Offered Amount has the meaning set forth in Section 2.05(a)(v)(D)(1).

  • Prepayment Shift Percentage Not applicable.

  • Minimum Equity Amount shall have the meaning provided in the recitals to this Agreement.

  • Closing Payment Amount has the meaning specified in Section 1.5.

  • Investment Amount means the dollar amount to be invested by Investor to purchase Put Shares with respect to any Put as notified by the Company to Investor in accordance with Section 2.2.

  • Purchase Price Percentage has the meaning assigned to such term in the Pricing Side Letter.

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).

  • Cash Amount means an amount of cash equal to the product of (i) the Value of a REIT Share and (ii) the REIT Shares Amount determined as of the applicable Valuation Date.

  • 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.