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Stay Bonus definition

Stay Bonus means a bonus payable to any full-time employee of Sellers in order to give such employee an incentive to become an employee of Buyer after the Closing Date.
Stay Bonus or “Stay Bonuses” have the meaning set forth in Section 6.10(c).
Stay Bonus means the bonus plan described in the Contracts Schedule.

Examples of Stay Bonus in a sentence

  • All compensation payable pursuant to this Agreement, including without limitation severance compensation and any Stay Bonus, shall be subject to reduction by all applicable withholding, social security and other federal, state and local taxes and deductions.

  • In the event that the Executive breaches any of his material covenants and agreements under Section 8A hereof, and after notice fails to cure any such breach within five (5) business days, then in addition to, and not in lieu of, any and all other remedies that may be available to the Company with respect to such breach, the Executive shall not be entitled to the Stay Bonus or the Severance Payment.

  • The Executive has carefully read the provisions of this Section 8 and (i) understands and acknowledges that such provisions are a material inducement on the part of the Company to pay the Stay Bonus and the Severance Payment, and (ii) agrees that the restrictions set forth in this Section 8 are reasonable and reasonably required for the protection of the Company and its stockholders.

  • The Stay Bonus shall be payable to Executive on the first bi-weekly pay period following December 31, 2013, provided Executive has been continuously employed by Company through December 31, 2013, except as provided in paragraph 5.4.2 below.

  • Notwithstanding the foregoing, in the event that the Company terminates Executive’s employment for “Cause” (as defined below) prior to December 31, 2013, or Executive delivers to Company, prior to January 1, 2014, notice of voluntary resignation pursuant to paragraph 7.5, then in either instance Executive shall not be entitled to the Stay Bonus.


More Definitions of Stay Bonus

Stay Bonus means a bonus, in an amount equal to 50% of an employee's ---------- monthly base salary and accruing on a monthly basis from December 1, 1997 until the date such employee's employment is terminated, payable to any full-time employee of any Class C Holder's Primestar Business engaged full-time in Primestar Business operations who is (i) informed in writing by such Class C Holder (at the direction of the Company) that he or she will not be employed by the Company after the Closing Date or (ii) offered employment by the Company but chooses not to accept such offer but only if the position offered is not "comparable" to such employee's position with such Class C Holder's Primestar Business or would require a relocation to an office that is more than 55 miles from such employee's current office.
Stay Bonus shall have the meaning set forth in Section 5.20 of this Agreement.
Stay Bonus means the bonus to which a Participant is entitled to receive that is equal to the Participant’s Base Pay multiplied by the Target Stay Bonus Percentage.
Stay Bonus means any bonus or other compensation offered by Viacom or any of its Affiliates and payable after the Closing to any Person that was a Business Employee or International Business Employee prior to the Closing to induce such Person to remain a Business Employee or International Business Employee through, or for a period following, the Closing.
Stay Bonus has the meaning set forth in Section 5.8(b).
Stay Bonus means, proceeds of the Related Transactions representing (i) option exercise stay bonuses for certain unvested option shares, which shall be paid out in accordance with the vesting schedule for those option shares and the terms of any applicable stay bonus agreement, and (ii) management stay bonuses, which shall be held in escrow and paid out in accordance with the terms of the Retention Bonus Plan of the Borrower and any applicable participation letters dated as of the date hereof.