Compensation Commitment definition

Compensation Commitment has the meaning set forth in ss.2.18(a) hereof.
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Compensation Commitment means (i) any employee stock purchase, employee stock option, employee stock ownership, deferred compensation, performance, bonus, incentive, vacation pay, holiday pay, insurance, severance, retirement, excess benefit or other plan, trust or arrangement, whether written or oral, (ii) any agreement, arrangement, commitment and understanding of any kind, whether written or oral, with any current or former officer, director, employee or consultant of any of the BP Asset Selling Entity or the Purchased Subsidiaries pursuant to which payments may be required to be made at any time following the date hereof (including, without limitation, any employment, deferred compensation, severance, supplemental pension, termination or consulting agreement or arrangement).
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Compensation Commitment is defined in Section 4.12.
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Examples of Compensation Commitment in a sentence

  • It is better to Fraud and theft Our principle: We look after Whitbread’s property as if it were our own, and work together to safeguard it to prevent fraud or theft.

  • Subject to the terms and conditions hereof, on the date hereof, the Sellers hereby sell and transfer to the Buyer, and the Buyer acquires from the Sellers, 100% of the Shares, jointly with all their rights and obligations, free and clear of all Encumbrances (except for any obligations of the Sellers arising out of the Financial Compensation Commitment Agreement (Instrumento Particular de Compromisso de Compensação Financeira) entered into on December 19, 2017).

  • Joint middlebox selection and routing for software-defined networking.

  • As of each Valuation Date, the Committee shall allocate the amounts, if any, forfeited in accordance with Section 4.07 hereof among the Accounts of the several Participants as if said amounts were an additional Annual Deferred Compensation Commitment of Mark IV with respect to the Plan Year of containing such Valuation Date.

  • No. 2719 ORDINANCE AMENDING THE FINANCIAL AGREEMENT WITH ROSELLE PARK URBAN RENEWAL, LLC AND AUTHORIZING THE EXECUTION OF AN ASSIGNMENT AND ASSUMPTION AGREEMENT IN CONNECTION THEREWITH ORD.

  • Company released (updated?) its Fair Compensation Commitment in December 2021.

  • In addition, for purposes of determining the portion of the Annual Deferred Compensation Commitment, if any, to be allocated to the Account of a Participant for a Plan Year, the Committee (in the case of a Participant who is not an Executive Officer) and the Compensation Committee (in the case of a Participant who is an Executive Officer) shall establish a Deferred Bonus Percentage for such Participant.

  • Ensure you check the relevant Agreement for details, and be aware that the use of any non-­‐party nationals outside the exceptions specifically set out in the Agreement will mean the film will be ineligible as a co-­‐production.

  • Executive Bonus Plan for a fiscal year of Mark IV which are equal to one hundred percent (100%) or more of the base salary of such executives, the amount of the Annual Deferred Compensation Commitment which shall be allocated to the Account of each Participant which is employed by a Business Unit which has met its profitability objectives shall be an amount equal to one hundred percent (100%) of the Deferred Bonus Percentage established for such Participant for such Plan Year.

  • Each Participant shall have a vested interest in each of his Annual Allocation Accounts determined on the basis of the number of his whole Years of Service occurring after the Plan Year for which an Annual Deferred Compensation Commitment is allocated to the Participant's Annual Allocation Account.

Related to Compensation Commitment

  • Option Commitment means the notice of grant of an Option delivered by the Company hereunder to a Service Provider and substantially in the form of Schedule A attached hereto;

  • Participation Commitment means each Lender’s obligation to buy a participation of the Letters of Credit issued hereunder.

  • Total Revolving Commitment means, at any time, the sum of the Revolving Commitments at such time.

  • Total Term Loan Commitment means the sum of the amounts of the Lenders’ Term Loan Commitments.

  • Adjusted Total Term Loan Commitment means at any time the Total Term Loan Commitment less the Term Loan Commitments of all Defaulting Lenders.

  • L/C Commitment means the commitment of the Issuing Bank to issue Letters of Credit pursuant to Section 2.23.

  • Total Revolving Commitments at any time, the aggregate amount of the Revolving Commitments then in effect.

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

  • Initial 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(a) as such Lender’s Initial Term Loan Commitment. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $795,000,000.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Incremental Term Loan Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain term loans to one or more Borrowers.

  • Incremental Term Loan Commitments has the meaning set forth in Section 2.24.

  • Incremental Term Commitments has the meaning set forth in Section 2.14(a).

  • Additional Term Loan Commitment means any term commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(i).

  • Incremental Term Commitment means, with respect to any Lender, the commitment, if any, of such Lender, established pursuant an Incremental Facility Agreement and Section 2.21, to make Incremental Term Loans of any Series hereunder, expressed as an amount representing the maximum principal amount of the Incremental Term Loans of such Series to be made by such Lender.

  • LOC Commitment means the commitment of the Issuing Lender to issue Letters of Credit and with respect to each Lender, the commitment of such Lender to purchase participation interests in the Letters of Credit up to such Lender's LOC Committed Amount as specified in Schedule 2.1(a), as such amount may be reduced from time to time in accordance with the provisions hereof.

  • Total Initial Term Loan Commitment means the sum of the Initial Term Loan Commitments of all Lenders.

  • Revolving Commitment Termination Date means the earliest of (i) November 3, 2017, (ii) the date on which the Revolving Commitments are terminated pursuant to Section 2.9 and (iii) the date on which all amounts outstanding under this Agreement have been declared or have automatically become due and payable (whether by acceleration or otherwise); provided, that, with respect to any Extended Revolving Commitment (and the Extended Revolving Loans made pursuant thereto), the termination date set forth in the Extension Offer with respect thereto.

  • Incremental Revolving Commitments has the meaning specified in Section 2.14(a).

  • Unused Total Revolving Commitment means, at any time, the excess of (i) the Total Revolving Commitment at such time over (ii) the Aggregate Revolving Facility Exposure at such time.

  • Revolving Loan Commitment Termination Date means the earliest of

  • U.S. Commitment means, with respect to each U.S. Revolving Lender, the commitment, if any, of such U.S. Revolving Lender to make U.S. Revolving Loans and to acquire participations in U.S. Letters of Credit, Swingline Loans and U.S. Protective Advances hereunder, expressed as an amount representing the maximum possible aggregate amount of such U.S. Revolving Lender’s U.S. Revolving Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to (a) Section 2.09 and (b) assignments by or to such U.S. Revolving Lender pursuant to Section 9.04. The initial amount of each U.S. Revolving Lender’s U.S. Commitment is set forth on the Commitment Schedule, or in the Assignment and Assumption pursuant to which such U.S. Revolving Lender shall have assumed its U.S. Commitment, as applicable. The aggregate initial amount of the U.S. Commitments is $800,000,000.

  • Revolving Commitment means, as to each Lender, its obligation to (a) make Revolving Loans to the Borrower pursuant to Section 2.01, (b) purchase participations in L/C Obligations and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Aggregate Term Loan Commitment means the combined Term Loan Commitments of the Lenders, which shall initially be in the amount of $50,000,000, as such amount may be reduced from time to time pursuant to this Agreement.