Merger Bonus definition

Merger Bonus has the meaning set forth in Section 3.8.
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Examples of Merger Bonus in a sentence

  • Should the Merger be concluded as anticipated and you die or become disabled (within the meaning of GTE's Long Term Disability Plan) prior to the Closing Date, you, or, in the event of your death, your estate, will receive a prorated Merger Bonus based on the ratio of (i) the number of days you remained actively employed between the date of this Agreement and the Closing Date to (ii) the number of days between the date of this Agreement and the Closing Date.

  • If CEO is offered the same or a similar position and compensation with the new or surviving company (whether or not the surviving company is the Company), then one-third of the Merger Bonus shall vest and CEO shall be granted one-third of the Merger Bonus if still employed in such position one year after the merger or consolidation.

  • Another one-third of the Merger Bonus shall vest and shall be granted if the CEO is still employed in such position two years after the merger or consolidation.

  • The prorated Merger Bonus payable under this paragraph shall be paid at the same time the Merger Bonus is paid to other eligible employees.

  • The unvested portion of any Merger Bonus under Section 4(c) shall vest upon termination and be paid as provided in Section 4(c).

  • And the final one-third of the Merger Bonus shall vest and shall be granted if the CEO is still employed in such position three years after the merger or consolidation.

  • CEO may not sell more than one-third of the Merger Bonus stock or similar equity in each of the first three years.

  • Any termination or reduction of the Revolving Commitments hereunder shall be permanent.

  • If your employment is terminated involuntarily without Cause (and for reasons other than your death or disability) prior to the Closing Date, you will receive a payment equal to the Merger Bonus to which you would have been entitled had your employment continued through the Closing Date.

  • If the Definitive Agreement is terminated, on or about 45 days following the Termination Date, you will receive, in lieu of the Merger Bonus described above, a special bonus (a "Partial Bonus") equal (before withholding of applicable taxes) to 25% of the Merger Bonus you would have otherwise received had the Closing Date occurred on the Termination Date.

Related to Merger Bonus

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

  • Retention Bonus means an incentive bonus provided under

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

  • 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).

  • Transaction Bonuses means the amount of any bonuses, incentives or commission paid or made or declared to be treated as paid or made, or to be paid or made to any director, officer, employee, agent, consultant or adviser of any Group Company at any by any Group Company in connection with, or as a result of, the Transaction, including any Taxes in respect thereof or arising thereon;