Completion Bonuses definition

Completion Bonuses has the meaning set forth in Section 5.11(a).
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Completion Bonuses means the retention/ pre-sale and sale bonuses set out in the Senior Employee Compensation Letters and "Completion Bonus" means any one of them;
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Completion Bonuses has the meaning set forth in Section 3.2(B).
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Examples of Completion Bonuses in a sentence

  • The Purchaser agrees that it will cause the Company and the other members of the Minerals Group to make the payments of the Completion Bonuses when such amounts are payable in accordance with their terms.

  • The parties agree that the Closing Date Balance Sheet shall not give effect to (i) any current Income Tax expense, (ii) the termination of the Tax Sharing Agreement, (iii) any Completion Bonuses paid by Alleghany, (iv) the repayment by HTI Acquisition of the Alleghany Debt and the LaSalle Debt, (v) the New Employment Agreements, or (vi) the termination of the Existing Employment Agreements.

  • Parent shall pay, or cause to be paid, to the Executive the following completion bonuses (the "Completion Bonuses") upon completion of the specified periods of his employment: (i) $400,000 if Executive is employed with Parent or any subsidiary or affiliate thereof on the one (1) year anniversary of the Effective Time; and (ii) $400,000 if Executive is employed with Parent or any subsidiary or affiliate thereof on the two (2) year anniversary of the Effective Time.

  • If earned, the Completion Bonuses will be payable thirty (30) days after the first and second anniversary of the Commencement Date.

  • The Purchaser further agrees that, from and after the Closing Date, it will cause the Company and the other members of the Minerals Group to perform all of their obligations under the employee retention program (the "Completion Bonuses") and to provide at least the severance benefits for the period and in the amounts described in Exhibit B hereof to those Employees of the Company and the other members of the Minerals Group identified in Exhibit B hereto.

  • Upon completion of the IPO, the Board of Directors will determine the amounts to be paid to Employee as Completion Bonuses and Success Fees.

  • This Change in Control Bonus shall be reduced by the amount of any Form 10-K Completion Bonus such that the total amount of Form 10-K Completion Bonuses and Change in Control Bonus paid to Employee shall not exceed the amount of the Change in Control bonus set forth in the previous sentence.

  • Upon completion of the IPO, the Board of Directors willdetermine the amounts to be paid to Employee as Completion Bonuses and Success Fees.

  • The Company shall pay merger completion bonuses in an aggregate amount of no more than $5,000,000 (the "Merger Completion Bonuses") (subject to applicable withholding requirements) on the Closing Date to certain designated employees of the Company and its Subsidiaries.

  • In addition to any other remedy available at law or equity, or otherwise hereunder, in the event of any breach by Xx. Xxxxxx not cured within 30 days following notice by the Companies of his obligations under any of Sections V.D, or IX hereof, Xx. Xxxxxx shall forfeit any right to Severance Compensation and Project Completion Bonuses hereunder.


More Definitions of Completion Bonuses

Completion Bonuses means the amounts payable to Vertiv Employees pursuant to completion letters entered into between Emerson and such employees in anticipation of the Distribution.
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Completion Bonuses has the meaning given to such term in clause 3.1;
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Completion Bonuses means the bonuses payable by the Company to each of Tumelo Motsisi, Harold Motaung, Joel Kesler and Iemrahn Hassen in connection with the closing of the Acquisition, as described under “Particulars of Matters to be Acted Upon – Compensation Transactions”;
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Completion Bonuses means the aggregate completion bonuses of £281,105 (being the bonus amount plus any applicable national insurance contributions) to be paid by the Company to Xxxx Xxxx, Xxxxxx xx Xxxxx and Xxxx Xxxxx following Completion in accordance with the Bonus Agreements;
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Completion Bonuses means the aggregate completion bonuses of £281,105 (being the bonus amount plus any applicable national insurance contributions) to be paid by the Company to Nick Cahn, Jagath de Alwis and Alec Smith following Completion in accordance with the Bonus Agreements;
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Related to Completion Bonuses

  • Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of all distributions per Unit of that Class during the Performance Bonus Term exceeds $25.00.

  • Retention Bonus means an incentive bonus provided under

  • Bonus Payment means a cash payment in an amount equal to the sum of (i) all Excise Taxes payable by the Executive, plus (ii) all additional Excise Taxes and federal or state income taxes to the extent such taxes are imposed in respect of the Bonus Payment, such that the Executive shall be in the same after-tax position and shall have received the same benefits that he would have received if the Excise Taxes had not been imposed. For purposes of calculating any income taxes attributable to the Bonus Payment, the Executive shall be deemed for all purposes to be paying income taxes at the highest marginal federal income tax rate, taking into account any applicable surtaxes and other generally applicable taxes which have the effect of increasing the marginal federal income tax rate and, if applicable, at the highest marginal state income tax rate, to which the Bonus Payment and the Executive are subject. An example of the calculation of the Bonus Payment is set forth below. Assume that the Excise Tax rate is 20%, the highest federal marginal income tax rate is 40% and the Executive is not subject to state income taxes. Further assume that the Executive has received an excess parachute payment in the amount of $200,000, on which $40,000 ($200,000 x 20%) in Excise Taxes are payable. The amount of the required Bonus Payment is thus computed to be $100,000, i.e., the Bonus Payment of $100,000, less additional Excise Taxes on the Bonus Payment of $20,000 (i.e., 20% x $100,000) and income taxes of $40,000 (i.e., 40% x $100,000), yields $40,000, the amount of the Excise Taxes payable in respect of the original excess parachute payment.

  • 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.

  • Bonus Payments means that portion of the bonus payments received by the

  • Annual Bonus shall have the meaning set forth in Section 4(b) 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).

  • Incentive Payment means the payment to a STGU, including an AOBC Generation Unit, for RPS class I Renewable Generation Attributes and/or Environmental Attributes produced by these units, calculated pursuant to Section 7.0 below.

  • Performance Milestone means an act or event specified in section 5.1 and described in section 9 of the EPLA.

  • Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award Agreement.

  • 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.

  • Incentive Payments means any and all federal or state governmental subsidies, payments, transfers or other benefits, whether now or hereafter established, received by the Borrower in any fiscal year aged less than 120 days.

  • Accrued Bonus means the bonus, which may be negative or positive, which is calculated in the manner set forth in Section V.A.

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

  • Earned Bonus means the bonus paid, if any, pursuant to the Company’s incentive compensation plans in effect from time to time. Earned Bonus shall be prorated based on the ratio of the number of days during such year that Executive was employed to 365.

  • Target Bonus means the target Bonus established for Executive, whether expressed as a percentage of Base Salary or a dollar amount.

  • Availability Incentive Payments has the meaning set forth in the CAISO Tariff.

  • Performance Year means the calendar year prior to the year in which an Annual Award is made by the Committee.

  • Final compensation of a member means:

  • Bonus means the bonus described in the Section 2.3.

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Incentive Fee shall have the meaning set forth in the Prospectus.

  • Performance Conditions means specific levels of performance of the Company (and/or one or more members of the Company Group, divisions or operational and/or business units, product lines, brands, business segments, administrative departments, or any combination of the foregoing), which may be determined in accordance with GAAP or on a non-GAAP basis, including, without limitation, the following measures: (i) net earnings, net income (before or after taxes), or consolidated net income; (ii) basic or diluted earnings per share (before or after taxes); (iii) net revenue or net revenue growth; (iv) gross revenue or gross revenue growth, gross profit or gross profit growth; (v) net operating profit (before or after taxes); (vi) return measures (including, but not limited to, return on investment, assets, capital, employed capital, invested capital, equity, or sales); (vii) cash flow measures (including, but not limited to, operating cash flow, free cash flow, or cash flow return on capital), which may be but are not required to be measured on a per share basis; (viii) actual or adjusted earnings before or after interest, taxes, depreciation, and/or amortization (including EBIT and EBITDA); (ix) gross or net operating margins; (x) productivity ratios; (xi) share price (including, but not limited to, growth measures and total stockholder return); (xii) expense targets or cost reduction goals, general and administrative expense savings; (xiii) operating efficiency; (xiv) objective measures of customer/client satisfaction; (xv) working capital targets; (xvi) measures of economic value added or other ‘value creation’ metrics; (xvii) enterprise value; (xviii) sales; (xix) stockholder return; (xx) customer/client retention; (xxi) competitive market metrics; (xxii) employee retention; (xxiii) objective measures of personal targets, goals, or completion of projects (including, but not limited to, succession and hiring projects, completion of specific acquisitions, dispositions, reorganizations, or other corporate transactions or capital-raising transactions, expansions of specific business operations, and meeting divisional or project budgets); (xxiv) comparisons of continuing operations to other operations; (xxv) market share; (xxvi) cost of capital, debt leverage, year-end cash position or book value; (xxvii) strategic objectives; (xxviii) gross or net authorizations; (xxix) backlog; or (xxx) any combination of the foregoing. Any one or more of the aforementioned performance criteria may be stated as a percentage of another performance criteria, or used on an absolute or relative basis to measure the performance of one or more members of the Company Group as a whole or any divisions or operational and/or business units, product lines, brands, business segments, or administrative departments of the Company and/or one or more members of the Company Group or any combination thereof, as the Committee may deem appropriate, or any of the above performance criteria may be compared to the performance of a selected group of comparison companies, or a published or special index that the Committee, in its sole discretion, deems appropriate, or as compared to various stock market indices.

  • Incentive Pay means an annual amount equal to the aggregate annual bonus, in addition to Base Pay, made or to be made in regard to services rendered in any calendar year or performance period pursuant to any bonus plan of the Company.

  • Performance Condition means any performance condition imposed under rule 4.1 (Performance Conditions);