Transition Bonus definition

Transition Bonus. If and when, in CIGNA’s reasonable determination, USPG effects a successful, seamless transition from providing the [***] to competently providing the [***], including the successful, seamless transition to the new processing platform for such [***], CIGNA shall pay a [***] to USPG. The potential for such [***] and the conditions upon which it would be paid, including those described in the immediately preceding sentence, shall be documented in a mutually agreed upon [***].

Transition Bonus. On or before February 1, 1996 the Executive will be paid an additional lump sum transition bonus of $64,000.00. This amount will reduce any Management Incentive Plan ("MIP") Award payment earned for calendar year 1995, as set forth below at subsection 1(e)(1).

Transition Bonus. If you successfully complete your transition duties and sign, return and fail to revoke during any applicable revocation period a Release of All Claims at the end of your transitional assignment within the timeframe indicated in the release, you will become eligible to receive a Transition Bonus in the amount of $600,000 payable in a cash lump sum, less required withholding obligations, in the next available pay period after the Release of All Claims is no longer subject to revocation. A copy of the Release of All Claims will be given to you upon completion of your transition assignment. If you have any questions regarding the release, we encourage you to seek legal counsel. In the event that Adobe terminates your employment for any reason other than Cause (as defined in the Change of Control Agreement) you will be treated as if you have successfully completed your transition duties and will be entitled to the full Transition Bonus subject to your execution and non-revocation of the Release of All Claims.

Examples of Transition Bonus in a sentence

• This Agreement contains the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior agreements and understandings, written or oral, with respect thereto, including without limitation any severance benefits as described in the Company’s employment manual as in effect from time to time and the Change in Control Agreement and the Transition Bonus Agreement, both of which agreements are hereby terminated and shall be of no further force and effect.

• Subject to the provisions of this Agreement, including without limitation Sections 4(b), 5(b) and 6(g), if this Agreement remains in effect through the Term, Employee shall be entitled to the Transition Bonus and compensation provided under Section 5(b).

• The 2007 Legislature Regular Session amended the New Mexico Works Act to remove the Excess Hours Earnings Deduction and replaced it with an employment retention and advancement program, the Transition Bonus Program.

• Subject to the provisions of this Agreement, in the event Employee's employment is terminated by Employer without Cause prior to February 28, 2006, Employer shall pay to Employee an amount equal to $500,000 minus the amount of any Transition Bonus paid prior to the Termination Date.

• Subject to the provisions of this Agreement, including without limitation Section 6(g), Employee shall be entitled to the compensation provided in the Severance Compensation Agreement pursuant to the terms stated in such agreement; provided, however, that any compensation payable under the Severance Compensation Agreement shall be reduced dollar for dollar by the amount of any Transition Bonus paid prior to the date of any payment under the Severance Compensation Agreement.

More Definitions of Transition Bonus

Transition Bonus shall have the meaning set forth in Section 5.18(e).

Transition Bonus. You will receive a transition bonus in the amount of $50,000 payable on January 1, 2020 (the “Transition Bonus”). Except as otherwise provided in this Letter Agreement, in order to be eligible for the Transition Bonus, you must be an active employee at, and not have given or received notice of termination prior to, the time of the bonus payment.

Transition Bonus. 1 times the Retention Bonus . Severance: Microsoft Standard Severance as outlined below, provided, however, if Microsoft Standard Severance is less than six months' base pay then Microsoft will make a supplemental payment for the difference.

Transition Bonus has the meaning set forth in Section 3(g)

Transition Bonus shall be as defined in Section 8.4(i).

Transition Bonus arrangements with the Transferred Employees as set forth in the agreements listed on Schedule 5.5(q), which 50% shall not exceed, in the aggregate, $26.925 million; and (iii) the liabilities and obligations of Seller with respect to benefits of Transferred Employees under Seller's Supplemental Pension Plan; in each case from and after the applicable Start Date, and in the case of the accrued vacation and Supplemental Pension Plan liabilities and obligations, only to the extent such items are reflected on the Balance Sheet. In addition, Buyer shall assume and be responsible for all other liabilities and obligations arising out of or relating to the employment of any Transferred Employee by Buyer after the applicable Start Date.

Transition Bonus. Employee shall be entitled to a special Transition ---------------- Bonus in the amount of ______________ U.S. dollars (U.S. $______________), less applicable payroll taxes, payable on the earlier of (i) the six (6) month anniversary date of the Closing, or (ii) the Employee's termination for any reason other than for Cause. The Parties agree that upon payment of this Transition Bonus that all obligations under this Agreement cease. If the sale of the Company's assets or stock is not completed within six(6) months from the date of this Agreement, then the Company may terminate this Agreement and not have any obligation to pay the Transition Bonus.