Examples of Transaction Bonus Agreements in a sentence
The Interests, the Bonus Amounts and the applicable Corporate Transaction Bonus Agreements may be modified or canceled at any time until the Closing, subject to the provisions of Section 9(a)(ii) below.
Madden Executive Vice President, Chief Financial OfficerFORM OF AMENDMENT TO TRANSACTION BONUS AGREEMENTThis Amendment (the “Amendment”) is dated as of December 16, 2022 (“Effective Date”) amending the Transaction Bonus Agreements dated as of May 11, 2022 (the “TBRA”) by and between [Executive] (the “Executive”), PFSweb, Inc., (“PFSW”) and Priority Fulfillment Services, Inc.
In the event that any amounts not paid to Stockholders at Closing pursuant to Section 1.4(a)(ii) in anticipation of Transaction Bonus Payments are not paid to Bonus Recipients as a result of the terms of the applicable Transaction Bonus Agreements, Parent shall be fully entitled to retain all of such payments for its own account.
Parent shall cause the Company to pay all of the Company’s obligations under the Transaction Bonus Agreements, including, without limitation, the payment to the Bonus Recipients of those portions of the Transaction Bonus Payments to be paid subsequent to the Closing pursuant to the terms of the respective Transaction Bonus Agreements, reduced by any applicable federal and state withholding Taxes.
The Bonus Pool shall be established in accordance with and subject to the terms of the Transaction Bonus Agreements.