Promotion Bonus definition

Promotion Bonus means the one-off bonus interest payment of 25 per cent. to be paid on the Canaries Bonds;
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Examples of Promotion Bonus in a sentence

  • Executive acknowledges and agrees that Executive shall not be entitled to receive the second installment of the Promotion Bonus irrespective of Executive’s continued employment in accordance with this Agreement.

  • Notwithstanding anything to the contrary in this Section 3 or this letter agreement, the Company shall retain the sole discretion to settle your Promotion Bonus in the form of the Company’s common stock (the “Stock”).

  • Title Promotion Bonus will be paid when the consultant meets the level requirements for two consecutive months.

  • The Company will have the sole discretion to determine whether any leave of absence during the Retention Period constitutes a forfeiture of the Promotion Bonus.

  • Promotion Salary Adjustment for 2020-2021 will be: Rank Promotion Bonus Professor $9,250 Associate Professor $6,250 Assistant Professor $3,750 Promotion bonuses will be funded outside the basic salary package.

  • Subject to Executive’s performance of the Transition Duties to the reasonable satisfaction of the Company, the Company shall waive repayment of the first installment of the Promotion Bonus (within the meaning of the Employment Agreement entered into by and between the Company and Executive, dated as of August 26, 2010 (the “Employment Agreement”)) paid to Executive on September 3, 2010 in the amount of twenty five thousand dollars ($25,000).

  • In the event that the Company determines to settle your Promotion Bonus in the form of fully vested Stock, the Stock will be granted to you under the Key Energy Services, Inc.

  • In the event that you become eligible to receive the Promotion Bonus pursuant to Section 2, the Promotion Bonus will be paid to you in one lump sum cash payment within thirty (30) days of the consummation of the Change in Control event or your separation from service with the Company, as applicable.

  • The number of shares of Stock to be granted to you as settlement of your Promotion Bonus shall be determined by dividing the cash amount of the applicable Promotion Bonus (or any applicable portion thereof) by the closing price of the Stock on the date immediately prior to the date that the Promotion Bonus becomes vested and nonforfeitable to you (less any applicable withholding or deduction amounts).

  • If you are eligible to receive the Promotion Bonus pursuant to Section 1, the Promotion Bonus will be paid to you in one lump sum cash payment on the first regularly scheduled pay date after the end of the Retention Period, but in no event later than thirty (30) days following the end of the Retention Period.

Related to Promotion Bonus

  • Retention Bonus means an incentive bonus provided under

  • 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 means the bonus described in the Section 2.3.