Closing Bonuses definition

Closing Bonuses has the meaning assigned in section 4.16.

Closing Bonuses has the meaning set forth in Section 2.5.

Closing Bonuses means an aggregate of up to Two Million Eight Hundred Thousand Dollars ($2,800,000) (including the impact of Three Hundred Thousand Dollars ($300,000) of Taxes) of cash bonuses or other retention measures payable or deliverable by the Company to its employees at or prior to the Closing, or during the sixty (60) day period thereafter.

Examples of Closing Bonuses in a sentence

• The aggregate amount of the Seller Closing Bonuses and any related employer-side Taxes (but less the amount of the Tax deduction that Seller Parent or its Affiliates would have realized had they paid the Seller Closing Bonuses) shall be reflected as a Liability in Business Working Capital.

• The Parties acknowledge and agree that at or before the Closing, Seller intends to cause the Company distribute to Seller an aggregate amount of Cash estimated by Seller to bring the Working Capital balance of the Company on the Closing Date to the Target Working Capital (after payment of the Closing Bonuses, as defined below, and any applicable withholding Tax obligations of the Company).

• If the Closing occurs in 1998, PSD's consolidated Operating Cash Flow for the period from January 1, 1998 through the end of the full calendar month ended immediately preceding the month in which the Closing occurs must equal at least 95% of the budgeted operating cash flow of PSD for the same period, after making provisions in such budgets for the Closing Bonuses.

• After a power-fail reset, the PORF flag reads 1 and all of the other reset flags in the RSTSRC register are indeterminate.

• The Parties acknowledge and agree that Sellers will cause the Company to take any Tax deduction for the Executive Closing Bonuses and all Taxes due and payable by the Company with respect thereto (including the employer portion of payments due under the Federal Insurance Contributions Act and Medicare Taxes) on its Tax Return for the Pre-Closing Tax Period that ends on the Closing Date.

More Definitions of Closing Bonuses

Closing Bonuses means the bonuses and payments in an aggregate amount of approximately $3,500,000 processed for payment through the payroll of the Company on the Closing Date (and promptly paid in accordance with such payroll process) to current officers and employees of the Company with such bonuses and payments reducing the Purchase Price as contemplated under Section 2.2 hereof as a result of the transactions contemplated hereby.

Closing Bonuses means all payments required to be made by Seller to any partner, director, manager, officer, employee, consultant, agent or representative of Seller as a result of the execution of this Agreement or the consummation of the transactions contemplated hereby (including those that become due and payable at or after the Closing), including all change of control, retention, “stay” and transaction bonuses.

Closing Bonuses means special bonuses offered by the Company to selected Employees in connection with the transactions contemplated herein and payable upon Closing.

Closing Bonuses means the aggregate amount to be paid to the Closing Bonus Payees as provided in Exhibit 1.1 hereto.

Closing Bonuses means the aggregate of the cash bonuses payable to the Closing Bonus Recipients at the Closing, as reflected on the Allocation Schedule.

Closing Bonuses shall have the meaning set forth in Section 2.2(d) hereof.

Closing Bonuses means (i) the transaction bonuses awarded pursuant to the Flatout Holdings, Inc. Exit Bonus Plan as set forth on Schedule II, which are payable upon Closing and (ii) those other transaction bonuses set forth on Schedule II, which are payable upon Closing.