Employee Bonus Payments definition

Employee Bonus Payments means certain bonus payments payable by MN to certain employees of MN in connection with the transactions contemplated by this Agreement, the aggregate amount of which shall have been notified to the Buyer on the Signing Date.
Sample 1Sample 2
Employee Bonus Payments means any and all payments that may become due and payable pursuant to the Company’s management bonus plan adopted by the Board of the Company on July 9, 2012 and amended on February 13, 2013, as described in greater detail on Exhibit 3.2(m) (the “Management Bonus Plan”).
Sample 1Sample 2
Employee Bonus Payments means an aggregate of $150,000 payable to employees of the Company pursuant to existing Employee Agreements (as defined below) as set forth on Schedule 1.6(a)(xiv) prepared by the Company and delivered to Parent.
Sample 1

Examples of Employee Bonus Payments in a sentence

  • At Completion and in accordance with Paragraph 5 of SCHEDULE 5, or if that is not reasonably practicable, within seven Business Days of the Completion Date, the Buyer shall procure that MN pays the Employee Bonus Payments.

  • The Parties acknowledge that all of the actions intended to occur pursuant to SCHEDULE 5 are interdependent on the occurrence of all of the other actions intended to occur pursuant to SCHEDULE 5 (save in respect of (i) the payment of the Shareholder Loan 1 Debt and the Employee Bonus Payments where the provisions of Clauses 2.2 and 2.3 shall apply and (ii) the actions set forth in Paragraph 8 of SCHEDULE 5).

  • The Sellers’ Representative shall provide to the Buyer’s Representative within 10 Business Days of Completion an allocation schedule with respect to the Employee Bonus Payments.

  • Following the Closing, at the request of Sellers’ Representative, Parent will cooperate, and cause the Surviving Company to cooperate, with the Sellers’ Representative to make any Employee Bonus Payments that may become due and payable to the management of the Company in connection with the Transactions through the payroll system of the Surviving Company.

  • For the avoidance of doubt, the amounts for any such Employee Bonus Payments will be provided by Sellers’ Representative to the Surviving Company for payment to the management from the Stock Consideration pursuant to Section 9.13(b)(vii) hereof.

  • At Closing, the Buyer shall pay each Key Employee actively employed by the Company as of the Closing Date (whether or not offered continued employment by the Buyer after Closing), the amount in cash appearing next to such Key Employee's name on EXHIBIT G attached hereto (an "INITIAL KEY EMPLOYEE BONUS PAYMENT" and collectively, the "INITIAL KEY EMPLOYEE BONUS PAYMENTS"), which Key Employee Bonus Payments shall be determined in accordance with the terms of the Retention Agreement.

  • USD 1,500,000 payable on the date of successful completion of the Deer Hunter and Legacy Games Transition pursuant to the Transitional Services Agreement, provided that Buyer shall be entitled to deduct from such payment an amount equal to the Aggregate Employee Bonus Payments paid by the Buyer to the Specified Employees on the Bonus Payment Date, as set out in clause 4.3 below.

  • Such Employee Bonus Payments shall be conditioned upon, with respect to any Key Employee, (i) the receipt by Parent from such Key Employee of an Acknowledgement and Release in the form set forth in Exhibit E and (ii) the acceptance of employment by such Key Employee of employment with the Parent on the terms of the individual offer letter provided by Parent to such Key Employee.

  • Except as otherwise required by law, for all withholding and reporting purposes, Parent and Surviving Corporation will treat (and will cause the Paying Agent to treat) all payments made with respect to nonqualified options pursuant to Section 2.3(b) and all Employee Bonus Payments as taxable compensation income only when and as paid to the optionee or employee.

  • Political parties are clearly not covered by the Privacy Act, which applies to the public sector.


More Definitions of Employee Bonus Payments

Employee Bonus Payments means the employee bonus payments set forth on Schedule 9.1(1).
Sample 1
Employee Bonus Payments means cash payments payable to the Employee Bonus Recipients as a result of the consummation of the transactions contemplated by this Agreement in such amounts as are to be determined by the Companies and set forth opposite each such Person's name in an updated Employee Bonus Payments Schedule to be delivered to Buyer not less than two Business Days prior to the Closing plus the employer portion of any Medicare, Social Security or unemployment Taxes payable by the Companies in respect thereto.
Sample 1
Employee Bonus Payments has the meaning set forth in Section 5.04(c).
Sample 1
Employee Bonus Payments means the Sale Bonus for all Bonus Employees in the aggregate and the Specified Employee Bonus.
Sample 1

Related to Employee Bonus Payments

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

  • 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.

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

  • 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.

  • 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.

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

  • 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.

  • 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 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.

  • 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.

  • 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.

  • Severance Payments shall have the meaning set forth in Section 6.1 hereof.

  • Bonus means the bonus described in the Section 2.3.

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

  • Retention Bonus means an incentive bonus provided under

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • 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.

  • Incentive Compensation Awards means awards granted under Incentive Compensation Plans providing the Executive with the opportunity to earn, on a year‑by‑year basis, annual and long‑term incentive compensation.

  • Severance Pay means any amount that is payable in cash and is identified by a Participating Company as severance pay, or any amount which is payable on account of periods beginning after the last date on which an employee (or former employee) is required to report for work for a Participating Company.

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

  • 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);

  • Earned Compensation means any Annual Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends pursuant to Section 3(a) (but excluding any salary and interest accrued thereon payment of which has been deferred).

  • Incentive Compensation means any compensation that is granted, earned or vested based wholly or in part upon the attainment of a Financial Reporting Measure.

  • Long-Term Incentive Award means an Award described in Section 6(g) hereof that is based upon a period in excess of one year.

  • Incentive Compensation Plans means annual incentive compensation plans and long‑term incentive compensation plans of the Company, which long‑term incentive compensation plans may include plans offering stock options, restricted stock and other long‑term incentive compensation.