Sale Bonus Payments definition

Sale Bonus Payments means all expenses incurred by the Company or the Surviving Corporation relating to any retention, bonus, incentive, severance, change in control or similar amounts payable to officers, employees, directors or consultants of the Company or any of its Subsidiaries in connection with the consummation of the Transactions, including any Permitted Bonuses and any amounts set forth on Schedule 1.1(d).
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Sale Bonus Payments shall consist of quarterly cash payments payable to GRPX Live in the amount of (i) [*] for each invoiced license and/or franchise sale of the Franchise System in the United States or Canada;
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Sale Bonus Payments means any bonus or change in control payments incurred by the Company prior to or at the Closing payable by the Company to any of its employees in connection with, and solely as a result of, the consummation of the transactions contemplated by this Agreement as set forth on Schedule 11.01(h) (as such schedule may be amended by the Representative prior to the Closing), to the extent unpaid at the time of determination (which, unless otherwise expressly indicated herein, will be the Closing).
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Examples of Sale Bonus Payments in a sentence

  • The Seller shall, prior to or concurrently with the Closing, pay all amounts required to be paid as of the Closing Date pursuant to the Sale Bonus Payments described under the heading "Sale Bonus" on SCHEDULE 2.28.

  • The purchase price for the Purchased Assets, and for the covenants and agreements of Sellers and the Shareholders hereunder shall be Sixty Million Australian Dollars (AUD $60,000,000) (the “Purchase Price”) plus the Sale Bonus Payments.

  • The parties agree that all deductions relating to the payment of the Indebtedness, Company Expenses, Sale Bonus Payments and payments to the holders of the Company Phantom Units accrue on the Closing Date and shall be reported on the final Income Tax Return for the Company as a partnership (for the year ending on the Closing Date).

  • For the avoidance of doubt, all taxes owing by the Company in connection with the payments of the Sale Bonus Payments and the payments to the holders of the Company Phantom Units to be made hereunder shall be accounted for as a liability in the computation of Closing Working Capital.

  • At or prior to the Closing, the Acquired Companies shall pay to each of Xxxx Xxxxxx, Xxxxx Xxxxx and Xxx Xxxxxxx all Sale Bonus Payments relating to the sale of the Acquired Companies under the terms of this Agreement and terminate and satisfy all outstanding obligations with respect to the Acquired Companies under each of the Sale Participation Agreements.

  • DB2/ 42652053.3 Sale Bonus Payments 1.5.2 Seller Actions 9.11.1 Seller IT Systems 5.12.8 Sellers Preamble Seller Action Indemnitees 9.11.1 Seller Indemnitees 9.3 Seller Parties Deliverables 2.2 Sellers’ Representative Preamble Shareholders Preamble Straddle Period 7.12.3 Tangible Personal Property 1.2.4 Tax Clearance Certificate 7.12.1 Third Party Claim .........................................................................................

  • The Company shall make the Sale Bonus Payments immediately prior to the Closing.


More Definitions of Sale Bonus Payments

Sale Bonus Payments means the aggregate payments payable by the Company to the holders of Options pursuant to those certain letter agreements dated on or about July 29, 2005 by and between the Company and the individuals listed on SCHEDULE 1.6(C), which will be paid by the Company immediately prior to the Effective Time.
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Sale Bonus Payments has the meaning set forth in Section 2.3(a)(v).
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Sale Bonus Payments means all change of control, retention (excluding, for the avoidance of doubt, severance payments, which are addressed in Section 4.2), sale and transaction bonuses payable to employees or other service providers of any of the Merged Companies by reason of the transactions contemplated by this Agreement, excluding payments to the holders of Company Phantom Units in respect thereof.
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Sale Bonus Payments means the payments to employees, officers or directors of the Company and the Company Subsidiaries related to or arising out of the Transactions, including all stay bonuses.
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Sale Bonus Payments amounts owed to each of Xxxx Xxxxxx, Xxxxx Xxxxx and Xxx Xxxxxxx under his Sale Participation Agreement.
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Related to Sale Bonus Payments

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

  • 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 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).

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

  • 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.

  • 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.

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

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

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

  • 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.

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

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

  • 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 Pay means an annual amount equal to the aggregate annual bonus, in addition to Base Pay, made or to be made in regard to services rendered in any calendar year or performance period pursuant to any bonus plan of the Company.

  • Retention Bonus means the amount equal to:

  • 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 Compensation shall have the meaning set forth in Section 3(b).

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

  • 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)

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

  • 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);

  • Earn-Out Payments has the meaning set forth in Section 2.3(a).

  • Target Bonus means Executive’s annual (or annualized, as applicable) target bonus in effect immediately prior to Executive’s Qualifying Termination or, if Executive’s Qualifying Termination occurs during the Change in Control Period and the amount is greater, Executive’s annual (or annualized, if applicable) target bonus in effect immediately prior to the Change in Control.

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –

  • Bonus Pool means the pool of funds available for distribution to Participants. Subject to the terms of the Plan, the Committee establishes the Bonus Pool for each Performance Period.