Retention Bonus Pool definition

Retention Bonus Pool has the meaning set forth in Exhibit D.

Retention Bonus Pool means an amount calculated in accordance with Article Five which will be allocated in accordance with the terms of the Plan for the payment of Retention Bonuses to Participants under the Plan. “Retention Bonus (or Retention Bonuses)” means the amount payable to a Participant under Article Four.

Retention Bonus Pool shall have the meaning set forth in Section 6.15(i).

Examples of Retention Bonus Pool in a sentence

• The Plan shall automatically terminate following a Change in Control once all Retention Bonuses have been paid, and any portion of the Retention Bonus Pool not allocated to Participant’s shall not be payable.

• For each additional $10 million in Purchase Price over $100 million, the Retention Bonus Pool will be increased by $1 million, such that a total Purchase Price of $200 million will result in a Retention Bonus Pool of $16 million.

• The Committee shall have the discretion to change the formula for determining the Retention Bonus Pool from time to time.

• The determination of the Purchase Price and the Retention Bonus Pool shall be made by the Committee in good faith based upon the financial and other information available to it.

• Chapter 3 explains how to calculate emissions to determine whether the thresholds have been exceeded.

More Definitions of Retention Bonus Pool

Retention Bonus Pool has the meaning set forth in Section 2.9.

Retention Bonus Pool means the total amount the Company establishes for paying Retention Bonuses; the Retention Bonus Pool shall not exceed $2,250,000. The Company may, but is not required, to fund the Retention Bonus Pool. No Eligible Employee will be entitled to receive any income or interest on assets that may be set aside to fund the Retention Bonus Pool.

Retention Bonus Pool shall have the meaning as set forth in Section 6.10(b). “Retention Payment” means the bonus(es) payable to each Person listed on Section 6.10(a) of the Disclosure Schedules, including the Target Companies’ portion of any employment Taxes relating thereto. “R&W Insurance Policy” shall have the meaning as set forth in Section 6.4. “R&W Insurer” shall have the meaning as set forth in Section 6.4. “S Corporation” means an entity that meets all eligibility requirements to be classified as an “S corporation” under Section 1361 of the Code and any corresponding or similar provision of state or local Law for U.S. federal (and applicable state and local) income Tax purposes, and which has timely filed a valid election to be classified as an “S corporation” for all purposes with respect thereto under Section 1362 of the Code and any corresponding or similar provision of state or local Law. “Securities Act” shall mean the Securities Act of 1933 or any successor law, and regulations and rules issued pursuant thereto or any successor law. “Seller” shall have the respective meanings as set forth in the Preamble of this Agreement. “Seller-Connected Persons” shall have the meaning as set forth in Section 6.8(a).

Retention Bonus Pool shall have the meaning set forth in Exhibit A hereto.

Retention Bonus Pool shall have the meaning given such term in SECTION 2.8 hereof.

Retention Bonus Pool means (x) five percent (5.0%) of the Net Enterprise Value, subject to adjustment by the Administrator less (y) the aggregate amount of Fixed Amount Retention Bonuses payable hereunder upon a Change in Control.

Retention Bonus Pool means U.S. $3,000,000.