Management Bonus Amount definition
Examples of Management Bonus Amount in a sentence
The Buyer shall be deemed to have deposited into escrow on behalf of each Company Stockholder an amount of shares of Buyer Common Stock equal to the amount set forth for such Company Stockholder on Schedule 1.5, as updated at the Effective Time, and each on behalf of each Incentive Plan Participant an amount of Escrow Cash equal to 10% of the Management Bonus Amount otherwise deliverable to such Incentive Plan Participant pursuant to the Incentive Plan.
At the Closing, Buyer shall deposit the aggregate Per Share Escrow Amount withheld by Buyer pursuant to Section 2.7(d) plus the Management Bonus Amount (aggregating to the Escrow Amount) into escrow with the Escrow Agent as a fund for payment of indemnification claims, if any, made by Buyer pursuant to this Agreement, which fund shall be subject to the terms and conditions of the Escrow Agreement.
Parent shall cause the Surviving Corporation to pay the Management Bonus Amount (as defined in and calculated pursuant to Schedule 1.6) at such times as that amount is due pursuant to the Company's Management Bonus Plan.
For the avoidance of doubt, (i) if the Earn-out Ratio is 0.70 or less, the One-Time Employee Bonus Amount shall be zero; (ii) if the Earn-out Ratio is between 0.70 and 0.99, the One-Time Employee Bonus Amount will be equal to the product of the Earn-out Ratio multiplied by $250,000; and (iii) if the Earn-out Ratio is greater than or equal to 1.00, the One-Time Management Bonus Amount will be equal to $250,000.
The aggregate 2014 Senior Management Bonus Amount required to be paid is equal to $1,186,134.