Transaction Bonus Pool definition

Transaction Bonus Pool means an aggregate pool equal to five percent (5%) of the Deal Proceeds with respect to a Transaction.

Transaction Bonus Pool has the meaning set forth in Section 6.1(b).

Transaction Bonus Pool means eight-tenths of one percent (.8%) of the Transaction Price of each Transaction.

Examples of Transaction Bonus Pool in a sentence

• The portion of the Transaction Bonus Pool payable with respect to any year will be distributed in the first quarter of the subsequent year as part of the Company’s incentive compensation payments.

• If any portion of the Aggregate Transaction Bonus Pool is unallocated at the time of a Sale of the Company, such unallocated portion will not be paid and shall be available for distribution to the Company and its shareholders pursuant to the terms of the agreements governing the Sale of the Company, unless the Board determines otherwise.

• The Company expects that the Transaction Bonus Pool will be in an amount between 1/2 of 1% and 1% of the total project cost for the Projects.

• Creation of this Transaction Bonus Pool and the amount and terms of the Transaction Bonus Pool is subject to obtaining all consents of lenders, equity providers and other project participants for the Projects.

• The portion of the Transaction Bonus Pool to be allocated to each individual who is a Participant shall be determined in accordance with the following formula: X = A/B, where: X is the percentage of the Transaction Bonus Pool to be allocated to the Participant (the “Applicable Percentage”); A is the total number of Units held by the Participant immediately prior to the consummation of a Transaction; and B is the then maximum number of Units that may be issued under the Plan.

More Definitions of Transaction Bonus Pool

Transaction Bonus Pool means the Benefit Plan identified on Section 1.1(c) of the Company Disclosure Letter.

Transaction Bonus Pool shall have the meaning set forth in Section 5.2(c) of the Company Disclosure Schedule.

Transaction Bonus Pool means an amount determined in accordance with Exhibit A attached hereto.

Transaction Bonus Pool means 1% of the Equity Value over $1 billion.

Transaction Bonus Pool has the meaning ascribed to such term in the Resources LLC Agreement.

Transaction Bonus Pool has the meaning set forth in Section 2.3(b)(iv).

Transaction Bonus Pool means the aggregate amount to be distributed to Participants pursuant to the Transaction Bonus Plan at Closing, plus the amount of any Taxes payable by the Company and its Subsidiaries as a result of such distribution (including, for the avoidance of doubt, the employer’s share of any Federal Insurance Contribution Act Taxes and any unemployment insurance); provided, that any such Taxes shall not include Federal Insurance Contribution Act Taxes payable with respect to the recipients of such payments who are employees of the Company or its Subsidiaries whose total compensation (other than the amounts payable under the Transaction Bonus Plan) that would be payable to them by the Company or one of its Subsidiaries, as applicable, during the calendar year in which the Closing occurs (assuming all such recipients remained employed by the Company or one of its Subsidiaries for the entire year and disregarding any transaction, retention or change-in-control bonus payment payable in connection with the transaction contemplated hereby) is anticipated to be in excess of the social security wage base for the calendar year in which the Closing occurs.