Sale Bonus Amount definition

Sale Bonus Amount means, without duplication, any liabilities or obligations of the Acquired Companies or the Joint Ventures for any success, change of control or similar bonuses or payments payable to any current or former employee or director upon the consummation of the transactions contemplated hereunder (including the employer portion of any payroll, social security, unemployment or similar taxes).
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Sale Bonus Amount means the aggregate amount of any sale bonuses payable to certain members of management pursuant to the agreements set forth on the Sale Bonus Amount Schedule and the employer's share of all applicable payroll taxes in respect thereof that are reflected in the Estimated Closing Cash Proceeds set forth on Exhibit C.
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Sale Bonus Amount means the dollar amount of the sum of each of the sale bonus amounts set forth on Schedule A attached
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Examples of Sale Bonus Amount in a sentence

  • In the event that the Sale Proceeds exceed $3,000,000,000, the Sale Bonus Amount shall be extrapolated in accordance with the foregoing calculations.

  • For the avoidance of doubt, the Company's share of employment, payroll or similar Taxes arising from payments made under or with respect to transactions contemplated by this Agreement (the “Additional Employer Taxes”) shall be allocated to the portion of the Straddle Period prior to the Closing Date and, with respect to the First Sale Bonus Amount, will be paid to Parent at Closing by a reduction of the Upfront Payment.

  • If the Enterprise Value is greater than four hundred seventy-five million dollars ($475,000,000), then the Sale Bonus Amount shall be an amount equal to one million dollars ($1,000,000), plus 1.5% of the dollar amount by which the Enterprise Value exceeds four hundred seventy-five million dollars ($475,000,000).

  • A long-term substitute is a person who is temporarily employed but works fifteen (15) or more consecutive days in the same assignment.

  • For the avoidance of doubt, the Company’s share of employment, payroll or similar Taxes arising from payments made under or with respect to transactions contemplated by this Agreement (the “Additional Employer Taxes”) shall be allocated to the portion of the Straddle Period prior to the Closing Date and, with respect to the First Sale Bonus Amount, will be paid to Parent at Closing by a reduction of the Upfront Payment.

  • If the Enterprise Value is less than or equal to four hundred seventy-five million dollars ($475,000,000), then the Sale Bonus Amount shall be equal to one million dollars ($1,000,000).

  • For the avoidance of doubt, without duplication of other reduction pursuant to this Agreement, the payment of any such amounts constituting Indebtedness or Transaction Expenses or the Sale Bonus Amount will reduce the Closing Cash Proceeds payable to the Seller pursuant to and in accordance with Sections 2.03 and 2.04.

  • For all purposes of this Agreement, the parties agree that any deductions related to the payment or accrual of the Sale Bonus Amount shall be for the benefit of the Selling Shareholders (either as a deduction of the Company available for purposes of computing the income of the Selling Shareholders for the Pre-Closing Period or as a deduction available to the Selling Shareholders during the period beginning after the Closing Date.

  • The payments of any amounts constituting Indebtedness or Transaction Expenses or the Sale Bonus Amount that are made hereunder to any Sale Bonus Recipients or individual who is or was an employee of the Company or its Subsidiaries shall, at the reasonable request of the Seller, be made through the payroll processing system of the Company and its Subsidiaries.

  • The Sale Bonus Amount due to Executive pursuant to this Section 3.4 with respect to any sale by Francisco Partners of its equity interests in Holdings to a Third Party Purchaser shall be payable in cash and shall be paid no later than two and one-half months after such sale.


More Definitions of Sale Bonus Amount

Sale Bonus Amount means the dollar amount of the sum of each of the sale bonus amounts set forth on Schedule A attached hereto.”
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Sale Bonus Amount means an aggregate amount equal to $2.56 million, to be allocated in accordance with the Aggregate Consideration Spreadsheet pursuant to a duly adopted resolution of the Company’s Board of Directors; provided, that the aggregate Sale Bonus Amount shall be reduced by the amount of any sale bonus allocated to any Company employee who is listed on Schedule 8.1(j) and who does not enter into the non-compete agreement substantially in the form attached hereto as Exhibit E-2 (the “Non-Competition Agreement”).
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Sale Bonus Amount means up to $2,200,000, which amount represents the aggregate sale bonuses payable to employees of the Company or any of the Subsidiaries in connection with the Closing of the Transactions.
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Related to Sale Bonus Amount

  • 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.

  • 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).

  • 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.

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

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

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

  • Payout Amount means the vested portion of the Final Amount expressed as an amount of cash equal to the Fair Market Value of the shares of Stock underlying the RSUs and related Dividend Equivalents.

  • 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.

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

  • Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award Agreement.

  • Target Bonus Percentage means, with respect to any Executive, the target bonus percentage specified for such Executive in his or her Employment Agreement.

  • Target Bonus means the target Bonus established for Executive, whether expressed as a percentage of Base Salary or a dollar amount.

  • Cash Incentive Award means a cash award granted pursuant to Section 8 of this Plan.

  • 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.

  • 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.

  • Bonus Period means the period for which a Bonus is payable. Unless otherwise specified by the Board, the Bonus Period shall be the fiscal year of the Company.

  • Target Annual Bonus has the meaning set forth in Subsection 3b.

  • Retention Bonus means an incentive bonus provided under

  • 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.

  • Transaction Bonuses means the aggregate amount of any transaction bonuses, discretionary bonuses, “success” fees, change of control payments, retention bonuses, severance payments, payouts of deferred compensation and any similar or other payment obligations payable related to the consummation of the Merger, the terms of which have been agreed to by the Company or the Company Subsidiary prior to the Effective Time, including with respect to any Employee, any employer-side payroll or related Taxes payable with respect thereto.

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • Bonus Target means the annual bonus that the Executive would have received in a fiscal year under the AIP Plan and/or the EIC Plan, if the target goals had been achieved.

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

  • Bonus means the bonus described in the Section 2.3.

  • Severance Amount means (A) for any Termination other than during a Covered Period, an amount equal to one hundred percent (100%) of Executive’s then-current Annual Base Salary as of the respective Termination; or (B) for a Termination during a Covered Period, an amount equal to two hundred percent (200%) of Executive’s Base Compensation as of the respective Termination.

  • Annual Incentive Award means an Award made subject to attainment of performance goals (as described in Section 14) over a performance period of up to one year (the Company’s fiscal year, unless otherwise specified by the Committee).