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 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.

Examples of Closing Bonuses in a sentence

• This Court has the authority, pursuant to sections 105 and 363(b) of the Bankruptcy Code, to authorize the Debtors to pay the Store Closing Bonuses.

• Payment of the Store Closing Bonuses in connection with the Store Closing Sales will aid in maximizing the value of the Debtors' estates by inducing employeeswho are needed to manage and complete the Store Closing Sales to remain in the employ of the Debtors and to maximize the returns from such Store Closing Sales.

• I believe that the Store Closing Bonuses will motivate employees during the Store Closing Sales and will enable the Debtors to retain those employees necessary to successfully complete the Store Closing Sales.

• The Debtors are also requesting the authority, but not direction, to pay Store Closing Bonuses to store-level and certain field employees who are employed by the Debtors during the Store Closing Sales.

• Should the Debtors be unable to pay the Store Closing Bonuses, they would likely lose a number of their current employees at the Stores and would be required to hire additional employees, resulting in additional expense and delay, and such employees would not be as familiar with the Debtors' merchandise and operations, which may reduce the overall success and profitability of the Store Closing Sales.

More Definitions of Closing Bonuses

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 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.

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

Closing Bonuses has the meaning set forth in Section 2.13(a).

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.

Closing Bonuses means the bonuses payable to the persons and in the amounts set forth on Schedule 1.6(a)(v).

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