Transaction Bonus Plan definition

Transaction Bonus Plan means any bonus plan implemented by the Company or any Subsidiary in connection with the transactions contemplated by this Agreement.

Transaction Bonus Plan means a pool not exceeding $500,000 which the Company’s Chief Executive Officer, with the approval of the Company’s Compensation and Human Resources Committee, can direct be paid out by the Company to those of its employees who have provided special assistance in connection with the transactions contemplated hereby.

Transaction Bonus Plan means that certain transaction bonus plan adopted by the Company as of May 1, 2014, under which plan the aggregate amount of the awards that will be payable as of the Closing Date is set forth in Section 4.7 of the Company Disclosure Schedule.

Examples of Transaction Bonus Plan in a sentence

• In addition to any other compensation afforded herein, provided that Employee is actively employed by the Corporation as of the consummation of a Change of Control, Employee shall be entitled to a transaction bonus consistent with the terms of the Corporation’s Executive Management Transaction Bonus Plan, which Plan shall be approved by the Corporation’s Compensation Committee.

• This Agreement and the Transaction Bonus Plan embody the entire agreement and understanding of the parties in respect of its subject matter and supersede all prior agreements and understandings between the parties with respect to such subject matter (whether or not written).

• The Executive will participate in the Transaction Bonus Plan described on Exhibit B to this Agreement and incorporated herein by reference.

• Invitae and CombiMatrix desire to set forth herein the terms and conditions pursuant to which the Recipient’s right to be paid a transaction bonus as defined in the Transaction Bonus Plan (the “Transaction Bonus”) shall be settled in connection with the Merger.

• In the event of a conflict between the provisions of this Agreement and the Transaction Bonus Plan, the provisions of this Agreement shall control and the Transaction Bonus Plan shall be deemed amended with the consent of the Recipient accordingly.

More Definitions of Transaction Bonus Plan

Transaction Bonus Plan means a bonus plan that may be established by the Company with the approvals contemplated herein, including Section 5.1(d), pursuant to which senior management of the Company employed at the time of any Liquidation Event would be entitled to additional compensation. Such plan, if established, may (i) provide that the allocation of such bonus pool will be determined by the Company’s Chief Executive Officer, as approved by the Board, (ii) provide that participation in such bonus pool will be subject to the participants: (A) assisting the Company in the Liquidation Event, (B) remaining employed with the Company through the Liquidation Event, and if requested, for a specified period thereafter not to exceed 12 months, and (C) delivering, if requested, a standard employee release in favor of the Company and its stakeholders prior to or upon consummation of such Liquidation Event, and (iii) be on such other terms and conditions as the Board shall approve taking into account the effects such plan would reasonably be expected to have on any potential acquiror of the Company and the tax consequences to the Company and the participants with a view toward implementing the plan in a tax efficient manner.

Transaction Bonus Plan means that certain plan described in that certain document titled “MD America Energy, LLC Transaction Bonus Plan” purportedly authorized by Debtor MD America Energy, LLC in May 2019, as it may have been amended, supplemented or modified from time to time prior to the Petition Date, including related awards agreements, supplements and other documents purporting to provide rights thereunder or in relation thereto.

Transaction Bonus Plan means the STR, Inc. Transaction Bonus and Deferred Compensation Plan adopted on or about the Closing Date and the award letters attached thereto.

Transaction Bonus Plan means the schedule of bonus payments set forth on Section 3.2 of the Company Disclosure Schedule which requires bonuses to be paid to the employees and service providers listed thereon as a result of the consummation of the transactions contemplated by this Agreement.

Transaction Bonus Plan set forth in Section 1.01(a) of the Original Agreement is hereby deleted in its entirety, and any reference to the Transaction Bonus Plan set forth in the Disclosure Schedule or any Schedule to the Original Agreement shall be disregarded.

Transaction Bonus Plan has the meaning given in Section 3.09(a) to the ---------------------- Cody Disclosure Schedule.

Transaction Bonus Plan has the meaning set forth in Section 7.3.