Closing Date Bonus definition

Closing Date Bonus means the amount payable under Section 3(a) based upon Net Proceeds calculated as of the Closing Date.
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Examples of Closing Date Bonus in a sentence

  • The Closing Date Bonus and the Contingency Bonus payment made pursuant to this Agreement shall each constitute a separate payment for purposes of Section 409A of the Code.

  • The Company will pay Executive’s Transaction Bonus in two parts, as follows: (a) 100% of the Closing Date Bonus shall be paid within five (5) days following the Closing Date, but in no event later than the date of the initial distribution of Net Proceeds to the shareholders of the Company and (b) 100% of the Contingency Bonus, if any, shall be paid within five (5) days following the twenty four (24) month anniversary of the Closing Date.

  • Executive’s Closing Date Bonus will be calculated based on Net Proceeds as so defined.

  • Beginning in 1999 and throughout the Term of this Agreement, and subject to the provisions of Section 11 hereof, MMI shall pay Xxxxxxx bonus compensation of $50,000 if the MMI Net Income exceeds $1,000,000 in the twelve (12) month period following the Closing Date ("Bonus"), which shall be paid to Xxxxxxx within sixty (60) days of the close of such period.

  • Within 30 days following the Closing Date, Seller shall make a cash payment to Purchaser in an amount equal to the Closing Date Bonus Amount (such date, the “Closing Date Bonus Amount Transfer Date”).

  • Such payments are not in lieu of any other compensation to which the beneficiaries are entitled in respect of services and shall be made at the times provided for in the Closing Date Bonus Plan irrespective of whether such beneficiaries continue to render services to the any of the parties hereto or their affiliates.

  • Closing Date Vacation Liability Estimated Amount and the Closing Date Bonus Liability Estimated Amount shall be the vacation and bonus amounts earned by employees of the Station as of the last day in the latest full month preceding the Closing Date, respectively.

  • Such annual bonus payments shall be made, in all cases in accordance with the Company Benefit Plans as in effect as of immediately prior to the Second Step Closing Date and the aggregate amount of such annual bonuses shall in no event be less than the amount that is accrued in the Company Financial Statements in respect of such bonuses in respect of the Second Step Closing Date Bonus Year in respect of such bonuses due in respect of the Closing Date Bonus Year as of the Second Step Closing Date.

  • Purchaser may pay the Closing Date Bonus Amounts to Retained Employees when Purchaser pay annual bonuses for 2019 to similarly situated employees in the normal course of business; provided, that if any Retained Employee terminates employment withPurchaser prior to the date such annual bonuses would be paid in the normal course of business, Purchaser will pay such individua l the bonus amount specified on the Closing Date Bonus Amount Schedule in the individua l’s final paycheck.

  • Buyer hereby agrees not to claim deductions for the payment of the Closing Date Bonus Payment, the Final Pension and Retiree Liability, the Xxxxxxxx Closing Payment, the Xxxxxxxx Employment Release Payment or the Xxxxxxx Xxxxxxxxx Amount, in each case, to the extent deductible by Seller in accordance with the previous sentence.

Related to Closing Date Bonus

  • Closing Date Payment has the meaning set forth in Section 2.04(a)(i).

  • Closing Date Cash has the meaning specified in Section 3.4(a).

  • Estimated Closing Date Balance Sheet shall have the meaning set forth in Section 2.3(a) hereof.

  • Closing Date Balance Sheet has the meaning specified in Section 2.7.

  • Closing Date Term Loan has the meaning set forth in Section 2.4(a).

  • Closing Date Business Plan means the set of Projections of Borrowers for the 3 year period following the Closing Date (on a year by year basis, and for the 1 year period following the Closing Date, on a month by month basis), in form and substance (including as to scope and underlying assumptions) satisfactory to Agent.

  • Closing Date Term Loans means the Term Loans made by the Term Lenders on the Closing Date to the Borrower pursuant to Section 2.01(1).

  • 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.

  • Estimated Closing Date Net Working Capital has the meaning set forth in Section 2.3(a)(i).

  • Closing Date Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Closing Date Term Loan Commitment. The aggregate amount of the Closing Date Term Loan Commitments as of the Closing Date is $820,000,000.

  • Closing Date Purchase Price shall have the meaning set forth in Section 2.1 hereof.

  • 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).

  • Closing Date Working Capital has the meaning specified in Section 2.3(b).

  • 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.

  • Target Closing Date means three (3) Business Days following receipt of the Approval and Vesting Order, or such other date as the Parties may agree.

  • Closing Date Net Working Capital shall have the meaning set forth in Section 2.03(c).

  • Closing Fee has the meaning set forth in Section 2.09(c).

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

  • Closing Date Acquisition shall have the meaning assigned to such term in the recitals hereto.

  • Post-Closing Adjustment Amount has the meaning set forth in Section 1.9.3.

  • Closing Fees means those fees required to be paid on the Closing Date pursuant to the Fee Letter.

  • Closing Cash Payment has the meaning set forth in Section 2.06(a).

  • Closing Date Statement has the meaning set forth in Section 2.06(b).

  • Closing Date Certificate means a Closing Date Certificate substantially in the form of Exhibit F-1.

  • Deferred Sales Charge Payment Date means October 10, 2013 and the tenth day of each month thereafter through February 10, 2014.

  • Early Payment Date (k) means the "Early Payment Date (k)" as specified in § 1 of the Product and Underlying Data.