Closing Bonus Payments definition

Closing Bonus Payments means the aggregate amounts of change in control bonuses and sale bonuses to be paid by the Company at the Closing from the Base Purchase Price, as conclusively set forth in the Flow of Funds Memorandum.
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Closing Bonus Payments means (i) all compensation payments to employees (or former employees) payable as of the Closing by reason of the Transactions, including, amounts payable under the VRP, and (ii) any Employer Payroll Taxes resulting from such payments.
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Closing Bonus Payments means (i) an aggregate of $2,000,000.00 in incentive payments to be made to various employees of the Company at the Closing pursuant to resolutions adopted by the Board of Managers of the Company on the date hereof, and (ii) an aggregate of $664,275.00 in incentive payments to be paid to the Key Employees at the closing in satisfaction of that portion of any amounts that would otherwise be payable under the Excess Bonus Program in respect of the Company’s 2018 fiscal year.
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Examples of Closing Bonus Payments in a sentence

  • 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.

  • All deductions related to any transaction-related expense, including any deduction related to any compensatory payment (including, without limitation, the Option Cancellation Payments and the Closing Bonus Payments except to the extent Parent has paid Shareholders a purchase price adjustment for the tax benefits associated with such items as contemplated in Section 1.7(c)) shall be reported on the Company's federal income Tax Return for the taxable period that includes the Closing Date.

  • Under the terms of such agreements, $500,000 and all payment and withholding obligations related to such $500,000 payment, including without limitation any payroll and employment Taxes, are payable by the Purchaser or Company as a deferred retention payment after Closing (the “Purchaser Retention Bonus Payments”) and all other payments thereunder, including all payment and withholding obligations related thereto, are to be made by the Company at Closing as part of the Closing Bonus Payments.

  • Purchaser agrees to provide the LLC Seller with at least two days’ prior written notice regarding any proposed withholding with respect to the Closing Purchase Price, other than any withholding relating to the Closing Bonus Payments, if any, and the UAR Payments.

  • The Financial Statements have been prepared from the books and records of the Company, which accurately and fairly reflect the transactions of, acquisitions, and dispositions of assets by, and incurrence of liabilities by the Company; provided that the September 30, 2006, financial statements may not reflect accruals for the VRP Termination Payments or the Special Closing Bonus Payments.

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

  • Except as set forth on Schedule 3.25, no broker, finder or investment banker or other Person is directly or indirectly entitled to any brokerage, finder’s or other similar contingent fee or commission or any similar charge in connection with the transactions contemplated by this Agreement based upon arrangements made by or on behalf of the Company or any of its Affiliates (for the avoidance of doubt, other than the Closing Bonus Payments and the UAR Payments).

  • Except as set forth on Schedule 3.24, no broker, finder or investment banker or other Person is directly or indirectly entitled to any brokerage, finder’s or other similar contingent fee or commission or any similar charge in connection with the transactions contemplated by this Agreement based upon arrangements made by or on behalf of the Company or any of its Affiliates (for the avoidance of doubt, other than the Closing Bonus Payments and payments in connection with the termination of Incentive Awards).

  • The individuals listed on the Closing Bonus Payments Schedule constitute the only Persons owed Sale Bonuses, and such amounts set forth thereon constitute all existing rights to Sale Bonuses, none of which shall be the obligation of the Company.


More Definitions of Closing Bonus Payments

Closing Bonus Payments means any bonus or change of control payments triggered by the consummation of the transactions contemplated by this Agreement to the extent that such payments are not paid by or on behalf of the Companies and/or the Company Subsidiary on or before the Closing Date, including all Taxes required to be paid in connection with such payments.
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Closing Bonus Payments means the aggregate amounts of bonus or compensation payments to be paid by the Company at the Closing from the Base Purchase Price, as set forth on Schedule CBP.
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Closing Bonus Payments means the aggregate amounts of retention, bonus or other similar compensation payments to be paid by the Company or the Seller at the Closing from the Base Purchase Price, as set forth on Schedule CBP.
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Closing Bonus Payments means (i) an aggregate of $2,000,000.00 in incentive payments to be made to various employees of the Company at the Closing pursuant to resolutions adopted by the Board of Managers of the Company on the date hereof, and (ii) an aggregate of
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Closing Bonus Payments means the sum of (i) the Special Incentive Bonus payable to Xxxxxxx X. Xxxxxx pursuant to the Xxxxxx Employment Agreement, (ii) the Change in Control of the Company bonus payable to Xxxxx X. XxXxxxxxx under his Change in Control Retention Agreement dated May 30, 2006, (iii) the bonuses that are to be paid upon Closing under the terms of the Success Bonus Agreements, (iv) the portion of the bonuses that are to be paid upon Closing under the terms of the Amended Retention Agreements and (v) up to $500,000 in discretionary closing bonuses that are to be paid pursuant to Schedule 1B hereof.
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Closing Bonus Payments means those bonus payments, in the aggregate amount of $135,000, contemplated by the Special Incentive Letters (as defined on Schedule 1.1).
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Related to Closing Bonus Payments

  • Bonus Payments means that portion of the bonus payments received by the

  • Transaction Bonuses means the aggregate amount of any transaction bonuses, discretionary bonuses, “success” fees, change of control payments, retention bonuses, severance payments, payouts of deferred compensation and any similar or other payment obligations payable related to the consummation of the Merger, the terms of which have been agreed to by the Company or the Company Subsidiary prior to the Effective Time, including with respect to any Employee, any employer-side payroll or related Taxes payable with respect thereto.

  • 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.

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

  • Severance Payments shall have the meaning set forth in Section 6.1 hereof.

  • Incentive Payment means the payment to a STGU, including an AOBC Generation Unit, for RPS class I Renewable Generation Attributes and/or Environmental Attributes produced by these units, calculated pursuant to Section 7.0 below.

  • 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.

  • Severance Amount means:

  • Availability Incentive Payments has the meaning set forth in the CAISO Tariff.

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –

  • Severance Costs means the costs which the employers are legally obliged to pay to or in respect of the Crew as a result of 20 the early termination of any employment contract for service on 21 the Vessel. 22

  • Target Bonus has the meaning described in Section 4(b).

  • Contingent Compensation Payment means any payment (or benefit) in the nature of compensation that is made or made available (under this Agreement or otherwise) to a “disqualified individual” (as defined in Section 280G(c) of the Code) and that is contingent (within the meaning of Section 280G(b)(2)(A)(i) of the Code) on a Change in Ownership or Control of the Company.

  • Change in Control Payments means any amounts payable by the Company, the Final Surviving Corporation or their Subsidiaries at or at any time after the Closing (or, to the extent such amounts are unpaid as of immediately prior to the Closing, at any time prior to the Closing) as a result of the execution and delivery of this Agreement or the consummation of the First Merger (whether or not conditioned upon a related or concurrent or subsequent termination of employment or the occurrence of any other event), plus the employer’s share of Taxes payable with respect to all such amounts.

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