Sale Bonuses definition

Sale Bonuses means the aggregate amount of (i) all transaction, sale and change of control bonuses and similar payments, and (ii) all payments in respect of stock appreciation, phantom stock or similar rights.

Sale Bonuses means the Retention Bonuses and all change of control, sale, and transaction bonuses, if any, payable to the employees of the Company in connection with or as a result of the transactions contemplated by this Agreement.

Sale Bonuses means the aggregate sale bonuses payable pursuant to the Sale Bonus Letters.

Examples of Sale Bonuses in a sentence

• Adjustments to the initial Sale Bonus and additional Sale Bonuses ("Sale Bonus Adjustments") shall be payable with respect to any additional transactions or asset sales that occur during the Term that would have constituted part of the Triggering Event had they occurred prior to the Change in Control.

• For clarity, Sale Bonuses shall not be double-counted as Administrative Expenses.

• The Seller hereby covenants and agrees that neither the Company nor Neenah shall be responsible for, or have any liability associated with, the payment of the Closing Sale Bonuses or any Earnout Sale Bonuses following the Closing.

• At the Closing, the Purchaser will pay (or cause to be paid) in cash the amount of the Estimated Selling Expenses (other than the Sale Bonuses) payable to each payee thereof by wire transfer of immediately available funds to such payee’s account as specified in instructions delivered to the Purchaser by the Seller prior to the Closing.

• The portion of the Sale Bonuses due at Closing shall be paid promptly after the Closing by the Company to the recipients (less applicable Tax withholdings) as part of its normal payroll process.

More Definitions of Sale Bonuses

Sale Bonuses means the sale bonuses due and payable to the employee(s) of the Company in connection with the Closing as set forth on Schedule 10.01.

Sale Bonuses means all change of control, transaction, closing and/or severance or retention or similar bonuses, benefits or payments payable or owing to any Employee or Consultant of the Company, whether triggered solely as a result of the transactions contemplated hereby or triggered as a result of, or in connection with, the transactions contemplated hereby and the occurrence of another event, including the employer portion of any payroll, employment or similar Taxes payable in connection therewith.

Sale Bonuses means all sale, change in control, transaction or similar payments or bonuses payable at or prior to the Closing by Sellers and/or the Acquired Company Entities to any employee, officer or director, together with the employer’s share of any payroll Taxes attributable to such amounts, in each case arising solely as a result of the Transactions; provided that Sale Bonuses shall not exceed the aggregate amount set forth on Schedule II.

Sale Bonuses has the meaning set forth in the definition of Unpaid Transaction Expenses.

Sale Bonuses means all bonuses or other payments (regardless of form) paid or payable to any employees, independent contractors, officers or consultants of the Company or any Subsidiary as a result of the Closing of the Transactions and based on contracts or agreements in effect as of the Closing Date. Sale Bonuses shall not include payments paid or payable after the Closing Date based upon any action of the Company or any Subsidiary after the Closing Date, including, for example, the termination of any such person post-Closing. Sale Bonuses shall not include payments due under any agreements entered into with Parent or any of its Affiliates.

Sale Bonuses means any bonus payable to an employee of the Company or the Company Subsidiary in connection with the consummation of the transactions contemplated by this Agreement pursuant to the bonus agreements or arrangements listed on Schedule 5.16.

Sale Bonuses means the Closing Sale Bonuses and the Earnout Sale Bonuses, if any.