Stay Bonus Plan definition

Stay Bonus Plan has the meaning given to that term in the Disclosure Statement.
Sample 1Sample 2Sample 3
Stay Bonus Plan has the meaning set forth in Section 8.2.2(m).
Sample 1Sample 2
Stay Bonus Plan has the meaning set forth in Section 6.2(b)(xvi).
Sample 1

Examples of Stay Bonus Plan in a sentence

  • The Management Incentive Plan and Stay Bonus Plan have been heavily negotiated with (and have the approval of) the Creditors' Committee.

  • The Management Incentive Plan and the Stay Bonus Plan are more fully described in the Incentive Plan Motion, including provisions with respect to vesting and the impact of employee termination, and are summarized as follows.

  • The Stay Bonus Plan replaces any prior bonus/incentive/commission compensation programs for which such employees would have been eligible, with the exception of any payments with respect to previously approved retention programs and payments from the previously approved chairman's discretionary fund.

  • Employees eligible for the Stay Bonus Plan are not eligible to participate in the Management Incentive Plan.

  • The Stay Bonus Plan is a retention program covering approximately 426 employees, including 65 European employees, and is designed to retain essential support and professional personnel who assist managers and key employees most directly responsible for the success of the Plan.

  • The total cost of the Stay Bonus Plan is expected to be approximately $18.5 million.

  • Thus, the Debtors have developed a comprehensive compensation program that includes a management incentive plan (the "Management Incentive Plan"), which is designed to retain key employees and incentivize them to maximize the value of the estates at each of the business units and at the corporate headquarters and a stay bonus plan (the "Stay Bonus Plan"), which is designed to retain essential support and professional staff.

  • As and when amounts are payable under the Stay Bonus Plan to Transferring Employees who commence employment with Purchaser, Purchaser shall pay the amounts due, less applicable deductions and withholdings, to such Transferring Employees.

  • The July 23 Order provides for payments of up to $4,665,000 in the aggregate under the Stay Bonus Plan.

  • Buyers shall be responsible for all payments or benefits that are earned by Transferred Employees after the Closing Date under the terms of the Stay Bonus Plan.


More Definitions of Stay Bonus Plan

Stay Bonus Plan. Heritage has established a "stay bonus" plan pursuant to which Heritage may offer cash payments to such employees of Heritage and its Subsidiaries as it may choose in an effort to induce such employees to remain in the employment of Heritage or any of its Subsidiaries, but under the terms of which the aggregate payments made by Heritage may not exceed $1,000,000 (the "Stay Bonus Plan").
Sample 1
Stay Bonus Plan means the arrangements made by the Target Company prior to Closing under which it has agreed to pay stay bonuses to certain of its employees under certain circumstances, including the arrangements evidenced by the Stay Bonus Agreements set forth in Section 3.16(a) of the Seller Disclosure Schedule.
Sample 1

Related to Stay Bonus Plan

  • Bonus Plan means the Company’s management incentive plan or such other annual bonus plan in existence at the applicable time.

  • Company Equity Incentive Plan means the Company’s omnibus equity plan, last approved by Company Shareholders on November 6, 2018 and as proposed to be amended at the Company’s May 7, 2019 shareholders’ meeting.

  • 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).

  • 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);

  • Incentive Compensation Awards means awards granted under Incentive Compensation Plans providing the Executive with the opportunity to earn, on a year‑by‑year basis, annual and long‑term incentive compensation.

  • Incentive Compensation Plans means annual incentive compensation plans and long‑term incentive compensation plans of the Company, which long‑term incentive compensation plans may include plans offering stock options, restricted stock and other long‑term incentive compensation.

  • Long-Term Incentive Award means an Award described in Section 6(g) hereof that is based upon a period in excess of one year.

  • Incentive Compensation Plan means any plan, agreement or other arrangement that provides for the grant or issuance of equity or equity-based awards and that is now in effect or is hereafter adopted by the Company or the Manager for the benefit of any of their respective employees or other service providers (including directors, advisers and consultants), or the employees or other services providers (including directors, advisers and consultants) of any of their respective Affiliates or Subsidiaries.

  • Long-Term Incentive Plan or “LTIP” means a plan providing compensation intended to motivate performance over a period greater than one financial year. LTIPs do not include option or SAR plans or plans for compensation through shares or units that are subject to restrictions on resale;

  • 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.

  • Company Equity Awards means the Company RSU Awards and the Company PSU Awards.

  • CIC Severance Plan means the Company’s Change in Control Severance Plan, as may be amended from time to time, or any successor plan, program or arrangement thereto.

  • 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.

  • Equity Awards will mean Executive’s outstanding stock options, stock appreciation rights, restricted stock units, performance shares, performance stock units and any other Company equity compensation awards.

  • Equity Award means all incentive stock options, non-statutory stock options, shares of restricted stock, restricted stock units or other incentive equity awards in respect of shares of the Company’s equity securities that have been or will be granted to you by the Company.

  • Company Equity Award means a Company Stock Option or a Company Restricted Share granted under one of the Company Stock Plans, as the case may be.

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

  • Equity Incentive Plans means any equity incentive plans for officers, employees or Directors of the Company.

  • Annual Incentive Plan means the Cinergy Corp. Annual Incentive Plan or any similar plan or successor to the Annual Incentive Plan.

  • DSU Plan means the Deferred Share Unit Plan of the Corporation.

  • Company Incentive Plan shall have the meaning assigned to it in Section 1.7 hereof.

  • MIP has the meaning set forth in Section 3(b) of the Agreement.

  • non-equity incentive plan means an incentive plan or portion of an incentive plan that is not an equity incentive plan;

  • Incentive Plans means any incentive, bonus, deferred compensation or similar plan or arrangement currently or hereafter made available by Employer in which Executive is eligible to participate.

  • Nonqualifying Income means any amount that is treated as gross income for purposes of Section 856 of the Code and which is not Qualifying Income.

  • Equity Incentive Plan means an incentive plan, or portion of an incentive plan, under which awards are granted and that falls within the scope of IFRS 2 Share-based Payment;