Retention Bonus Payment Date definition

Retention Bonus Payment Date has the meaning set forth in Section 11.2(a)(i).
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Retention Bonus Payment Date means February 1, 2018.
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Retention Bonus Payment Date means a date on which the Retention Bonuses are due to be paid in accordance with the Retention Bonus Letters;
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Examples of Retention Bonus Payment Date in a sentence

  • The Performance Retention Bonus shall be paid to the Participant in a lump sum on or as soon as practicable after the Performance Retention Bonus Payment Date, but in any event no later than the last day of the Year in which the Performance Retention Bonus Payment Date occurs (or if later, the 15th day of the third month following the Performance Retention Bonus Payment Date).

  • DIRTT will advance the Retention Cash Bonus to the Employee on the Retention Bonus Payment Date, provided that the Employee remains continuously and actively employed by DIRTT on such date.

  • Notwithstanding the foregoing, a Transferred Employee shall be entitled to receive the Buyer Retention Bonus as determined in accordance with this Section 5.3(g)(ii)if such Transferred Employee’s employment is terminated by Xxxxx (other than for ‘cause’ as determined in the sole discretion of Buyer) between the Employment Commencement Date and Retention Bonus Payment Date.

  • Notwithstanding anything in this Agreement to the contrary, upon the Executive’s termination of employment with the Company prior to the Retention Bonus Payment Date either by (a) the Company for Cause, or (b) the Executive for any reason, the Executive shall forfeit the right to payment of the Retention Bonus.

  • On each Retention Bonus Payment Date, each Bonus Eligible Employee will share in the Annual Retention Bonus pro rata amongst all then remaining Bonus Eligible Employees.

  • Subject to the provisions of this Agreement, Employee shall be entitled to receive $ 40,000 less any amount related to short term incentive compensation received by Employee under the Employee Bonus Plan (the "2017 Retention Bonus Payment") payable in a single lump sum cash payment in February 2018 (the "2017 Retention Bonus Payment Date"), provided that Employee remain employed by the Employer through the 2017 Bonus Payment Date.

  • If a Participant's employment terminates other than as a result of an Involuntary Termination prior to a give Retention Bonus Payment Date, such Participant shall not be entitled to any payments for that Retention Bonus Payment Date or the remaining Retention Bonus Payment Dates under this Program.

  • If you resign or your employment is terminated for “Cause” at any time between the date of acceptance and the Retention Bonus Payment Date, you will not receive any Retention Bonus payment.

  • On the date that is eighteen (18) months following the Commencement Date (the “Retention Bonus Payment Date”), the Company shall pay to Executive a retention bonus equal to one million one hundred fifty five thousand dollars ($1,155,000) (the “Retention Bonus”), subject to Executive’s continued employment with the Company through the Retention Bonus Payment Date.

  • Subject to the provisions of this Agreement, Executive shall be entitled to receive $100,000 less any amount related to short term incentive compensation received by Executive under the Executive Bonus Plan (the "2017 Retention Bonus Payment") payable in a single lump sum cash payment in February 2018 (the "2017 Retention Bonus Payment Date"), provided that Executive remain employed by the Employer through the 2017 Bonus Payment Date.


More Definitions of Retention Bonus Payment Date

Retention Bonus Payment Date. Section 6.09(a)(ii)
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Retention Bonus Payment Date means, as to any Participant, the date on which the Retention Bonus Amount is scheduled to be made to the Participant, as set forth in the Participant’s Retention Agreement.
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Related to Retention Bonus Payment Date

  • Retention Bonus means the amount equal to:

  • Bonus Payment means a cash payment in an amount equal to the sum of (i) all Excise Taxes payable by the 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 the 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, the 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 the 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 the Executive is not subject to state income taxes. Further assume that the Executive has received an excess parachute payment in the amount of $200,000, on which $40,000 ($200,000 x 20%) in Excise Taxes are payable. The amount of the required Bonus Payment is thus computed to be $100,000, i.e., 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.

  • Bonus Payments means that portion of the bonus payments received by the

  • Bonus Amount means the greater of (i) the average annual incentive bonus earned by Executive from the Company (or its affiliates) during the last three (3) completed fiscal years of the Company immediately preceding Executive’s Date of Termination (annualized in the event Executive was not employed by the Company (or its affiliates) for the whole of any such fiscal year), and (ii) the Executive’s target annual incentive bonus for the year in which the Date of Termination occurs.

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

  • 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).

  • Retention Date shall have the meaning set forth in Section 9.01 of this Agreement.

  • Severance Payment means any amount paid by a board to or in behalf of a superintendent on early termination of the superinten- dent’s contract that exceeds the amount earned by the superinten- dent under the contract as of the date of termination, including any amount that exceeds the amount of earned standard salary and benefits that is paid as a condition of early termination of the con- tract. Payments to a former superintendent who remains employed by a district in another capacity or contracts with a district to pro- vide the district services may be severance payments in whole or in part if the payments are compensation for the early termination of a prior employment agreement. Severance payments include any payment for actual or threatened litigation involving or related to the employment contract. Education Code 11.201(c); 19 TAC 105.1021(a)(1)

  • Severance Amount means:

  • Earned Bonus means the bonus paid, if any, pursuant to the Company’s incentive compensation plans in effect from time to time. Earned Bonus shall be prorated based on the ratio of the number of days during such year that Executive was employed to 365.

  • Severance Payments shall have the meaning set forth in Section 6.1 hereof.

  • Retention Amount means, in relation to any Retention Date, such sum as shall be the aggregate of:

  • Transaction Bonuses means any transaction bonuses payable by the Sellers or their Affiliates on or after the Closing to the Transferred Employees.

  • Termination Payment Date means the earlier of the first Distribution Date following the liquidation or sale of the Receivables as a result of an Insolvency Event and the occurrence of the Scheduled Series 1995-1 Termination Date.

  • Incentive Payment means the payment to a STGU, including an AOBC Generation Unit, for RPS class I Renewable Generation Attributes and/or Environmental Attributes produced by these units, calculated pursuant to Section 7.0 below.

  • Severance Pay means any amount that is payable in cash and is identified by a Participating Company as severance pay, or any amount which is payable on account of periods beginning after the last date on which an employee (or former employee) is required to report for work for a Participating Company.

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

  • Cash Bonus means an award of a bonus payable in cash pursuant to Section 10 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 all distributions per Unit of that Class during the Performance Bonus Term exceeds $25.00.

  • Change in Control Benefit means the benefit described in Section 2.4.

  • Severance Date means the date on which an Eligible Employee incurs a Severance.

  • Deferred Sales Charge Payment Dates means the dates specified for deferred sales fee installments under "Investment Summary--Fees and Expenses" in the Prospectus for the Trust.

  • Change in Control Severance Benefits means the benefits payable pursuant to Section 3 of this Agreement.

  • Average Bonus means the average of the bonuses paid to Employee over the last two years (or such lesser number of years in which Employee was eligible to receive a bonus) in which the Employee was eligible to receive a bonus.

  • Separation Payment means any lump sum cash payment in excess of Earned Salary and Accrued Obligations payable to Employee under this Agreement.