Guaranteed Bonus definition

Guaranteed Bonus means any amount set out in the employment contract of a Candidate as at the Acceptance Date by way of a guaranteed cash bonus amount due from the Client to the Candidate which is fixed and quantified as at the Acceptance Date and payable on or before the first anniversary of the Employment start Date and subject only to the Candidate being employed on the relevant date of payment.
View Source
Guaranteed Bonus is defined in Section 5(b).
View Source
Guaranteed Bonus. For the calendar year 1999 only, you will be guaranteed to receive a minimum bonus of $4,166.77 for each month you are employed by the Company in 1999 (the "Guaranteed Bonus"). Your prorated portion of the Guaranteed Bonus shall be paid semi-monthly, subject to standard payroll deductions and withholdings. For any partial month, you will be paid a pro rata portion of $4,166.77 based on the number of days you were employed during such month.
View Source

Examples of Guaranteed Bonus in a sentence

  • Provided Employee shall be employed by the Company through the applicable Bonus Date (as defined below) and no notice of termination has been delivered by either Employee to the Company or by the Company to Employee prior to the applicable Bonus Date, Employee shall be eligible to receive an incentive bonus (the “Annual Incentive Bonus”) in an amount and based on the thresholds set forth on Schedule A less the amount paid as the Guaranteed Bonus.

  • Subject to the provisions of Section 7 below, Employee will not be entitled to receive payment of an Annual Performance Bonus or the 2012 Guaranteed Bonus unless Employee is employed by the Company on the date that such bonus is paid.

  • The Guaranteed Bonus will be paid to you in a lump sum cash payment as soon as reasonably practicable following the Guaranteed Bonus Payment Date.

  • The Guaranteed Bonus shall not be considered to be a bonus or incentive compensation arrangement for purposes of Section 111(b) of the Emergency Economic Stabilization Act of 2008 (“EESA”).

  • The Executive has agreed to defer receipt of the Guaranteed Bonus pursuant to the terms of the Company’s Management Deferred Compensation Plan until after the Executive’s Date of Termination (as defined below).

  • The Board of Directors of the Company shall annually review the Guaranteed Bonus to determine whether an increase in the amount thereof is warranted.

  • Any portion of the bonus provided in this Section 3(b) permitted by Section 17 that exceeds the Guaranteed Bonus shall be the “Incentive Bonus.” The Incentive Bonus shall not be based upon performance criteria that would encourage Executive to take any unnecessary and excessive risks that threaten the value of Employer, and Employer expressly discourages Executive from taking such risks.

  • Any cash bonus in excess of the Guaranteed Bonus will be based on performance by Executive and the Company and shall be within the sole discretion of the Board.

  • Upon any termination of the Executive's employment under this Section 5, the Executive shall be entitled to receive solely all amounts and benefits to be paid or provided by the Corporation under Sections 3(a), 3(b) and 4 of this Agreement up to the Date of Termination, except that a "Proportionate Part" (hereinafter defined) of the Guaranteed Bonus is payable under Section 3(b) of this Agreement.

  • During the Term, the Executive shall receive an annual cash bonus in an amount at least equal to 75% of the average of the Executive's annual cash bonuses earned with respect to years 1999, 2000 and 2001 (the "Guaranteed Bonus") pursuant to the terms of the Company's bonus plan, as in effect from time to time for senior executives and as adopted by the Board, pro rated in the case of any partial year during the Term.


More Definitions of Guaranteed Bonus

Guaranteed Bonus means the amount (if any) by which $150,000 exceeds the Base Salary.
View Source
Guaranteed Bonus means an amount equal to $70,000 for the 2000 calendar year, payable in accordance with the first paragraph of SECTION 4(b) below, or the pro-rated portion thereof payable in the event of any Voluntary Termination or Termination With Cause prior to payment of such amount in the year 2000.
View Source
Guaranteed Bonus has the meaning given such term in Section 6 of this Agreement.
View Source
Guaranteed Bonus means a bonus applied in relation to the Guaranteed Income in respect of a Transferring Policy or Excluded Policy;
View Source
Guaranteed Bonus as defined in Section 3.2.
View Source
Guaranteed Bonus the guaranteed bonus payable to the Executive pursuant to Clause 5.1.1;
View Source

Related to Guaranteed Bonus

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

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

  • Bonus Payment means a cash payment in an amount equal to the sum of (i) all Excise Taxes payable by 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 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, 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 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 Executive is not subject to state income taxes. Further assume that Executive has received an excess parachute payment in the amount of $200,000, on which $40,000 in Excise Taxes are payable. The amount of the required Bonus Payment is thus $100,000. 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.

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