Sale Bonus Agreements definition

Sale Bonus Agreements means those Release Agreements dated as of the date hereof, with the individuals identified on Schedule 1.4 providing for sale bonus payments in the amounts set forth on Schedule 1.4.

Sale Bonus Agreements means any agreements entered into following the date hereof and prior to Closing that provide for a cash sale bonus to employees of the Company or any of its Subsidiaries on account of the transactions contemplated under this Agreement, excluding any arrangements entered into between the Purchaser and its Affiliates, on the one hand, and any Person on the other hand.

Sale Bonus Agreements means, collectively, each of the agreements listed on Schedule 1.01(a) attached hereto under the header "Sale Bonus Agreements".

Examples of Sale Bonus Agreements in a sentence

• On the Effective Date, the Employment Agreements and the Retention and Sale Bonus Agreements shall be modified as described in the Disclosure Statement.

• The Executive Employees are entitled to receive payment upon the sale of the Shares on the Closing Date of an aggregate amount calculated as set forth in the Sale Bonus Agreements entered into by each of them with the Company (collectively, the “Change of Control Debt”).

• On the Effective Date, each Holder of an Allowed Guaranty Claim shall receive, in full satisfaction of such Allowed Guaranty Claim, its Ratable Portion of 51,472 shares of New Common Stock (representing .17% of the initial shares of New Common Stock) subject to dilution by the exercise of the New Warrants, any options to purchase New Common Stock pursuant to the Long Term Stock Incentive Plan and/or restricted shares of New Common Stock issued pursuant to the Retention and Sale Bonus Agreements.

• On the Effective Date, each Holder of an Allowed Holdings Bond Claim shall receive in full satisfaction of such Allowed Holdings Bond Claim, its Ratable Portion of 51,472 shares of New Common Stock (representing .17% of the initial shares of New Common Stock), subject to dilution by the exercise of the New Warrants, any options to purchase New Common Stock pursuant to the Long Term Stock Incentive Plan and/or restricted shares of New Common Stock issued pursuant to the Retention and Sale Bonus Agreements.

• Without limiting the generality of the foregoing, the Buyer shall make all required payments, pursuant to, and in accordance with, the Sale Bonus Agreements in accordance with Section 2.03(b)(ix).

• The Executive Employees are entitled to receive payment upon the sale of the Shares on the Closing Date of an aggregate amount calculated as set forth in the Sale Bonus Agreements entered into by each of them with the Company (collectively, the "CHANGE OF CONTROL DEBT").

• Notwithstanding the foregoing, Buyer shall promptly remit to the Seller Representative, on behalf of the Sellers, any amounts not paid pursuant to the Sale Bonus Agreements.

• The Seller Representative shall notify the Buyer, on or before the close of business on April 30, 2012, if any employee(s) exercises his/her revocation rights under Section 3 of the Sale Bonus Agreements.

• Buyer hereby waives the provisions of the Merger Agreement solely to the extent necessary to permit the execution and delivery of the Amended Sale Bonus Agreements.

• If the Buyer does not timely receive such notice, the Buyer shall be entitled to assume that no such revocation has been made and shall cause Greenline to make the payments contemplated under the Sale Bonus Agreements on the next scheduled payroll date.

More Definitions of Sale Bonus Agreements

Sale Bonus Agreements the agreements with the Sale Bonus Participants in the form previously provided to Parent setting forth the terms and conditions for the payment of certain fixed amount of compensation in the event of the closing of a sale of the Business. Schedules: the schedules attached to this Agreement and incorporated herein by reference. Sections: sections of this Agreement.