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 dollar amount of the sum of each of the sale bonus amounts set forth on Schedule A attached
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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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Examples of Sale Bonus Amount in a sentence

  • After the Second Sale Bonus Amount has been paid in full to the Sale Bonus Participants pursuant to S ection 1.13(c)(i), payments shall continue to be made pursuant to S ection 1.13(b), except that thereafter each payment to be made pursuant to S ection 1.13(b) will be reduced by an amount equal to fifteen percent (15%) of such payment, which amount shall instead by paid to the Sale Bonus Participants ratably in accordance with their relative Broad Based Sale Bonus Percentages as set forth on A nnex B.

  • 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.

  • As promptly as practicable following the Effective Time, Parent shall cause the Surviving Company to pay to the Sale Bonus Participants the applicable portion of the Upfront Purchase Price by wire transfer of immediately available funds, in the amounts and otherwise in accordance with A nnex B and S ection 1.10(b) with respect to the First Sale Bonus Amount.


More Definitions of Sale Bonus Amount

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 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 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.

  • 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 all distributions per Unit of that Class during the Performance Bonus Term exceeds $25.00.

  • 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.

  • 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.

  • 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.

  • 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:

  • 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).