Employee Transaction Bonuses definition

Employee Transaction Bonuses means the amounts payable to certain employees of the Target Group in connection with the Proposed Transaction as attached to and Disclosed in the Disclosure Letter, together with all employer’s national insurance contributions or other Tax payable thereon, and any other amounts payable to employees of the Target Group as approved by the remuneration committee of the board of directors of the Company (together with all employer’s national insurance contributions or other Tax payable thereon), which amounts will be specified in the Completion Statement;
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Employee Transaction Bonuses means the payments, including, without ---------------------------- limitation, the Contingent Transaction Bonuses, to be made by the Company to its employees upon and as a result of the consummation of the transactions contemplated by this Agreement, which shall in the aggregate not exceed $2,500,000.
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Employee Transaction Bonuses means the bonuses payable at the Closing to the Company employees as set forth in Schedule 1.01.
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Examples of Employee Transaction Bonuses in a sentence

  • At or immediately prior to the Closing, the Company shall pay all Employee Transaction Bonuses as set forth on Schedule 7.02(a)(i).

  • Any amounts payable by the Company at the Closing for the Employee Transaction Bonuses shall be deemed to be Company Transaction Expenses.

  • While one study estimated that approximately 200km2—about 0.5 per cent of the area of the continent—would be able to provide all of Australia’s ‘gross energy use’ from solar power ‘at the conservative figure of 4.5 W/m2’31 , this is much lower than several other estimates that take into account the intermittent nature of solar energy.

  • Sellers shall pay, and hold the Company, Buyer and their Affiliates harmless against, any liability, loss or expense (including reasonable attorneys’ fees and out of pocket expenses) arising in connection with any such claim, brokerage commission, finders’ fee or special bonus or other similar compensation, including Employee Transaction Bonuses.

  • To the extent permitted by Applicable Law, all deductions and other Income Tax benefits attributable to the payment or accrual of transaction and bonus arrangements and all other expenses of the Company attributable to the consummation of the transactions contemplated hereby (including Employee Transaction Bonuses) shall be attributable to the Pre-Closing Tax Period and shall be claimed as current deductions on the Income Tax Returns of the Company or Holdco Seller for the Pre-Closing Tax Period.

  • At Completion, the Buyer must put the relevant Target Entity in funds to enable it to pay the Employee Transaction Bonuses (together the Employee Transaction Bonus Amount).

  • The Seller Entity shall not authorize the payment of any transaction bonuses, retention bonuses or other similar payments (other than the Promised Optionholder Transaction Bonuses and the Employee Transaction Bonuses) without the prior written consent of the Purchaser.


More Definitions of Employee Transaction Bonuses

Employee Transaction Bonuses means those bonuses paid or payable to employees of the Company which are a Transaction Expense.
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Employee Transaction Bonuses means the amounts of £[***] and £[***] (less any Tax and National Insurance contributions or similar social security contributions required to be withheld or deducted from such amounts) payable by the Company to [***] and [***] respectively upon Completion.
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Employee Transaction Bonuses has the meaning set forth in Section 5.20 hereof.
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Related to Employee Transaction Bonuses

  • Transaction Bonuses means the transaction bonuses payable to Company employees by virtue of, or in connection with the Transaction, including the amount of the employer portion of any payroll or employment Taxes arising from, or due and payable with respect to, such transaction bonuses;

  • 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).

  • Retention Bonus means an incentive bonus provided under

  • Employee Transfer Date means in respect of any particular Transferring Employee the date on which the part of the Services to which they are assigned transfers from the Previous Contractor to the Contractor;

  • Change in Control Severance Benefits means the benefits payable pursuant to Section 3 of this Agreement.

  • Bonus Amount means the greater of (a) the target annual bonus payable to the Executive under the Incentive Plan in respect of the fiscal year during which the Termination Date occurs or (b) the highest annual bonus paid or payable under the Incentive Plan in respect of any of the three full fiscal years ended prior to the Termination Date or, if greater, the three (3) full fiscal years ended prior to the Change in Control.

  • Tipped employee means any employee engaged in an occupation in which s/he customarily and regularly receives more than $30 per month in tips. Tips include amounts designated as a tip by credit card customers on their charge slips. Nothing in this rule prevents an employer from requiring employees to share or allocate such tips or gratuities on a pre-established basis among other employees who customarily and regularly receive tips. Employer-required sharing of tips with employees who do not customarily and regularly receive tips, such as management or food preparers, or deduction of credit card processing fees from tipped employees, shall nullify allowable tip credits towards the minimum wage.

  • Change in Control Benefits means the following benefits:

  • Nonqualifying Income means any amount that is treated as gross income for purposes of Section 856 of the Code and which is not Qualifying Income.

  • Excluded Employee means an employee as defined in section 3527, subd. (b) of the Government Code (Ralph C. Dills Act) except those excluded employees who are designated managerial pursuant to section 18801.1 of the Government Code.

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

  • Excluded Employees has the meaning set forth in Section 2.5(a)(iv).

  • Buyer Benefit Plans has the meaning set forth in Section 6.10(f).

  • Company Equity Awards means the Company Options and the Company RSUs.

  • Deferred Compensation Award means an award of Stock Units granted to a Participant pursuant to Section 11 of the Plan.

  • Purchaser Benefit Plans has the meaning set forth in Section 8.7(d).

  • 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.

  • 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).

  • Target Bonus means Executive’s annual (or annualized, as applicable) target bonus in effect immediately prior to Executive’s Qualifying Termination or, if Executive’s Qualifying Termination occurs during the Change in Control Period and the amount is greater, Executive’s annual (or annualized, if applicable) target bonus in effect immediately prior to the Change in Control.

  • Seller Benefit Plans shall have the meaning ascribed thereto in Section 4.11(a) hereof.

  • 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 any distributions per Unit of that Class during the Performance Bonus Term exceeds $28.00.

  • Company Equity Award means a Company Stock Option or a Company Stock Award or a phantom stock award, as the case may be.

  • Company Employee means an employee of the Company or any of its Subsidiaries.

  • Seller Benefit Plan means each Benefit Plan sponsored, maintained or contributed to by Seller or any of its Subsidiaries or with respect to which Seller or any of its Subsidiaries is a party and in which any Employee is or becomes eligible to participate or derive a benefit.

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

  • 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.