Closing Bonus definition

Closing Bonus means a bonus payable pursuant to Section 2.1(b) below.
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Closing Bonus has the meaning set forth in Section 6.1(g).
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Closing Bonus means, with respect to each Closing Bonus Recipient, an amount to be paid by the Company to such Closing Bonus Recipient within three (3) Business Days after Closing, as provided in a schedule provided by Sellers’ Representative to Buyer at Closing (the “Closing Bonus Schedule”), in the aggregate amount of $528,200.
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Examples of Closing Bonus in a sentence

  • The Stock Closing Bonus will be granted subject to the Plan and the terms and conditions of an applicable stock award agreement.

  • The Closing Bonus, if earned, will be payable on or about the Closing Date.

  • The Employee shall be entitled to receive a cash bonus equal to four hundred thousand U.S. Dollars ($400,000) upon the closing of a Change in Control (as defined in Section 8 hereof), payable in a single lump-sum by the Subsidiary on the closing of the Change in Control (such bonus, the "Closing Bonus").

  • Payment of the Executive's Closing Bonus will be made as soon as practicable (but in no event more than thirty (30) days) after the Closing Date or, if the Closing Date has not occurred as of the Drop Dead Date, as soon as practicable (but in no event more than thirty (30) days) after the Drop Dead Date.

  • The Employee shall be entitled to receive a cash bonus equal to five hundred thousand U.S. Dollars ($500,000) upon the closing of a Change in Control (as defined in Section 8 hereof), payable in a single lump-sum by the Subsidiary on the closing of the Change in Control (such bonus, the "Closing Bonus").

  • Any Closing Bonus, Retention Bonus or Sale Bonus payable hereunder is a special incentive payment to you and will not be taken into account in computing the amount of salary or compensation for purposes of determining any bonus, incentive, pension, retirement, death, or other benefit under any other bonus, incentive, pension, retirement, insurance, or other employee benefit plan of the Company or its subsidiaries.

  • For services rendered to date, Holdings will pay to the Executive a bonus upon Closing (the "Closing Bonus") of (i) $100,000 in cash, (ii) 4,000 shares of Holdings Series A Preferred Stock and (iii) 1000 shares of Holdings Common Stock.

  • The Employee shall be entitled to receive a cash bonus equal to seven hundred fifty thousand U.S. Dollars ($750,000) upon the closing of a Change in Control (as defined in Section 8 hereof), payable in a single lump-sum by the Subsidiary on the closing of the Change in Control (such bonus, the "Closing Bonus").

  • ADDITIONAL AGREEMENTS 41 10.1. Expenses 41 10.2. Disclosure of Information; Noncompetition 42 10.3. Use of Name 43 10.4. Relationships with Vendors and Customers 43 10.5. Termination of Affiliate Transactions 43 10.6. Amendment and Termination of ESOP 44 10.7. 401(k) Plan Participation 44 10.8. Accrual of Closing Bonus Payments 44 10.9. ESOP Loan Interest Payments 44 10.10.

  • Sellers shall have paid the Total Closing Bonus Payments no later than immediately prior to the Closing.


More Definitions of Closing Bonus

Closing Bonus means a bonus in an aggregate amount of not more than **The confidential portion has been so omitted pursuant to a request for confidential treatment and has been filed separately with the Commission.** that the Company intends to pay to certain employees of the Company immediately prior to Closing (such amount to be financed through an increase in Indebtedness, therefore reducing the Purchase Price pursuant to Section 3 of this Agreement to the extent such Indebtedness is not paid by the Company at Closing).
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Closing Bonus means that portion of the Closing Consideration payable to you hereunder.
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Closing Bonus means an amount equal to 65% of the Bonus Award, payable as provided in Section 5(a).
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Closing Bonus means a bonus payable pursuant to Section 5 hereof.
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Related to Closing Bonus

  • 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.

  • 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.

  • Retention Bonus means an incentive bonus provided under

  • Severance Payment means any amount paid by a board to or in behalf of a superintendent on early termination of the superinten- dent’s contract that exceeds the amount earned by the superinten- dent under the contract as of the date of termination, including any amount that exceeds the amount of earned standard salary and benefits that is paid as a condition of early termination of the con- tract. Payments to a former superintendent who remains employed by a district in another capacity or contracts with a district to pro- vide the district services may be severance payments in whole or in part if the payments are compensation for the early termination of a prior employment agreement. Severance payments include any payment for actual or threatened litigation involving or related to the employment contract. Education Code 11.201(c); 19 TAC 105.1021(a)(1)