Employee Bonus Amount definition

Employee Bonus Amount means a gross amount of US$10,000,000 (which is inclusive of all Taxes, whether to be borne by the employee or employer).

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Employee Bonus Amount is defined in Section 5.10(b).

Employee Bonus Amount means any amounts paid or payable by the Company or any of its Subsidiaries to employees of the Company or any of its Subsidiaries in respect of annual performance bonuses for 2009 and any special bonuses or other amounts payable in connection with the transactions contemplated by this Agreement;

Examples of Employee Bonus Amount in a sentence

Schedule 2.6(d) may be amended by the Company prior to the Closing Date provided that no employee shall receive a bonus greater than $50,000 and the Aggregate Employee Bonus Amount shall not exceed $450,000.
Upon the Closing, (i) the Company shall pay to those Company employees listed on Schedule 2.6(d) the amounts set forth opposite their respective names on such Schedule (less applicable federal and California income tax, FICA and other applicable withholdings) and (ii) the Parent shall deposit in the Company's payroll account an amount equal to the aggregate employee bonus amounts set forth on Schedule 2.6(d), ("Aggregate Employee Bonus Amount").
At the Closing, the Principal shall inform the Purchaser of the specific amount of the Employee Bonus Amount, which shall be paid by the Purchaser in accordance with instructions provided by the Principal at or prior to the Closing.
The portion of the Employee Bonus Amount to be paid at Closing shall be transferred by the Escrow Agent to the Company for the purpose of making payments under the Employee Bonus Plan as soon as practicable after the Closing.
The purchase price to be paid by Buyer to Parent in consideration for all of Sellers’ and/or their Subsidiaries’ right, title and interest in, to and under the Transferred Assets and the Purchased Interests (the “Purchase Price”) shall be $45,000,000, less (i) the Estimated Transferred Employee Bonus Amount, plus (ii) the Net Working Capital Adjustment Amount, if any, as of 12:01 a.m. Eastern Time on the Closing Date (as determined by Section 2.07 below, which may be a negative number).
Payment to the Sellers of the Forfeited Employee Bonus Amount shall be made in accordance with the Bonus Plan/Documents Escrow Agreement.
The "AGGREGATE PURCHASE PRICE" for the Shares shall be $324,000,000.00 less the Employee Bonus Amount to be allocated among the Sellers as set forth on EXHIBIT "B".
If Seller has any objections to the calculation of EBITDA, Gross Revenue and/or the resulting Earn-out Amount or One-Time Employee Bonus Amount prepared by Buyer, then Seller’s Representative will deliver a detailed written statement (an “Earn-out Objections Statement”) describing its objections to Buyer within sixty (60) calendar days after delivery of the Earn-out Report.
The Parties agree that the Salaried Employee Bonus Amount shall not be considered an asset or a liability of the Company in the computation of any of Closing Cash Amount, Closing Indebtedness or Closing Net Working Capital.
The Employee Bonus Amount payments shall be payable within fifteen (15) days after the Closing Date.

More Definitions of Employee Bonus Amount

Employee Bonus Amount means 4.728% of the Net Transaction Amount.

Employee Bonus Amount has the meaning set forth in Section 3.3.3.

Employee Bonus Amount shall equal the number of shares (56,450) that would otherwise have been issued to the Option Pool pursuant to the Option Plan, but for the amendment of the Option Plan as described in SECTION 7(e), multiplied by the difference between the Stock Value and the Option Price on the Closing Date. The Employee Bonus Amount shown on EXHIBIT "B" shall be updated by the Company and provided to Purchaser two (2) business days prior to Closing.

Employee Bonus Amount means an amount equal to (i) $200,000 LESS (ii) the aggregate amount of all bonuses distributed by any Seller Party to its employees during the period from April 30, 1999 until the Closing Date. For purposes of clarification, the term "bonuses" as used in (ii) of the preceding sentence shall not include normal payroll obligations (such as wages, salary, vacation, commissions, sick pay, bonuses paid in the ordinary course of business which are calculated based on sales of product specials, and percentage bonuses paid in the ordinary course of business which are calculated based on sales of products by sales representatives) nor severance payments distributed by Seller in the ordinary course of business.

Employee Bonus Amount means the aggregate amount of all Employee Bonuses.