Company Closing Bonuses means all obligations of any Acquired Company in respect of severance, change of control payments, stay bonuses, retention bonuses, transaction bonuses and other similar payments in the case of each of the foregoing, to the extent due or arising (either alone or in combination with any other event) as a result of the Contemplated Transactions.
Company Closing Bonuses means all obligations of any Acquired Company in respect of severance, change of control payments (including in respect of phantom equity awards), stay bonuses, retention bonuses, transaction bonuses and other similar payments under the terms of any employment agreement, plan or other agreement or arrangement, in the case of each of the foregoing, to the extent payment thereof becomes due or arises and becomes payable, whether prior to, at or after the Effective Time, solely as a result of the consummation of the Merger (and not in combination with any other Event), not including the Management Bonuses; provided, however, that any severance, change of control payments (including in respect of phantom equity awards), stay bonuses, retention bonuses, transaction bonuses and other similar payments payable to any Continuing Employee following the Effective Time (other than solely as a result of the consummation of the Merger) under the terms of any employment agreement, plan or other agreement or arrangement provided by an Acquired Company, the Surviving Corporation or Parent shall not be treated as Company Closing Bonuses; and provided further that Company Closing Bonuses specifically include only the bonuses provided under the Stay Bonus Letter Agreements described on Section 6.2(b)(ii) (or any other Section) of the Company Disclosure Letter.
Company Closing Bonuses means the aggregate amount of bonuses that will be paid or owed at the Closing, as a result of the consummation of the Share Sale, by any Latisys Company as W-2 wages through a payroll distribution to certain Business Employees in the amounts set forth on a schedule to be delivered by the Companies to Purchaser prior to the Closing Date.
Examples of Company Closing Bonuses in a sentence
Except for agreements to pay Company Closing Bonuses that are disclosed on Schedule 4.22 of the Disclosure Schedules, neither Seller shall enter into any Contract with any Business Employee or contractor to the Company to pay any consideration to any such Person in respect of the transactions contemplated by this Agreement.
More Definitions of Company Closing Bonuses
Company Closing Bonuses means all obligations of any Acquired Company in respect of severance, change of control payments (including in respect of phantom equity awards), stay bonuses, retention bonuses, transaction bonuses and other similar payments under the terms of any employment agreement, plan or other agreement or arrangement, in the case of each of the foregoing, to the extent payment thereof becomes due or arises and becomes payable, whether prior to, at or after the Effective Time, solely as a result of the consummation of the Merger (and not in combination with any other Event); provided, however, that any severance, change of control payments (including in respect of phantom equity awards), stay bonuses, retention bonuses, transaction bonuses and other similar payments payable to any Continuing Employee following the Effective Time (other than solely as a result of the consummation of the Merger) under the terms of any employment agreement, plan or other agreement or arrangement provided by an Acquired Company, the Surviving Corporation or Parent shall not be treated as Company Closing Bonuses; and provided further that Company Closing Bonuses specifically include the bonuses provided under Stay Bonus Letter Agreements described on Section 6.2(b)(ii) (or any other Section) of the Company Disclosure Letter.
Company Closing Bonuses means the amounts that will be paid in cash immediately following the Closing by the Company and/or any of its Subsidiaries as W-2 wages through a payroll distribution to certain Business Employees in accordance with the terms set forth in the Sale Participation Plan attached hereto as Annex B, in the estimated amounts set forth on a schedule to be delivered by the Company to Purchaser and the Stockholder Representative no fewer than twenty (20) Business Days prior to the Closing Date, which schedule and estimates shall be updated by the delivery of the Merger Consideration Disbursement Schedule delivered pursuant to Section 3.3(b).