Lump-Sum Bonus Payment definition
Lump-Sum Bonus Payment is a discretionary means the one-time payment to reward an eligible employee approved by the agency head or designee which is not included in the employee's base regular rate of pay and is not included in the calculation for overtime payments which does not carry over into subsequent years.
Lump-Sum Bonus Payment. (Existing Projects)" is equal to 6% of the sum of:
(a) the difference between:
(i) the Aggregate Fair Market Value of all of the Existing Projects, and
(ii) the cost book basis of CDCLP or Centex, as the case may be, in all of such Existing Projects; plus
(b) the Deferred Earnings relating to Existing Projects.
Lump-Sum Bonus Payment means an amount equal to the sum of Lump-Sum Bonus Payment (Existing Projects) and Lump-Sum Bonus Payment (New Projects).