Certain Bonus Payments. (a) Except to the extent otherwise provided in Section 10.1, annual incentive bonuses in respect of 2015 shall be paid to RemainCo Employees and SpinCo Employees by RemainCo and SpinCo, respectively, at the time such bonuses are normally paid (but no later than March 15, 2016) in accordance with the bonus pools determined by the Compensation Committee of the respective Board of Directors. The annual incentive bonuses in respect of 2015 for RemainCo Employees and SpinCo Employees who were employed by the RemainCo Group during 2015 prior to the Distribution Date shall be bifurcated. Each such individual’s bonus shall be the sum of: (i) the bonus based on the applicable bonus plan provisions, prorated for the period between January 1, 2015 and the Distribution Date, and (ii) the bonus based on the applicable bonus plan provisions, prorated for the period between the day after the Distribution Date and December 31, 2015.
Certain Bonus Payments. (a) Except to the extent otherwise provided in Section 10.1, annual incentive bonuses in respect of 2010 shall be paid to XxXxxxxxx Employees and B&W Employees by MII and B&W, respectively, at the time such bonuses are normally paid (but no later than March 15, 2011) in accordance with the bonus pools determined by the Compensation Committee of the respective board of directors. The annual incentive bonuses in respect of 2010 for XxXxxxxxx Employees and B&W Employees who were employed by MI during 2010 prior to the Distribution Date shall be bifurcated. Each such individual’s bonus shall be the sum of: (i) the target bonus for the year, prorated for the period between January 1, 2010 and the day before the Distribution Date, and (ii) the bonus based on the applicable bonus plan provisions, prorated for the period between the Distribution Date and December 31, 2010.
Certain Bonus Payments. SSE shall assume responsibility for the grant of 2014 bonuses and liability for payment of bonuses for all SSE Employees earned under the CHK annual bonus plan, including any transition bonuses for SSE Employees. The 2014 annual incentive plan bonus opportunity of Xxxxx X. Xxxxxxxxxx under the CHK annual bonus plan shall be cancelled, and SSE or a member of the SSE Group shall be responsible for payment of the 2014 annual bonus to such individual under a plan or arrangement maintained by SSE or a member of the SSE Group.
Certain Bonus Payments. (a) NetScout shall make available an aggregate amount equal to $1,550,000 to fund payment of cash amounts to certain of the officers and independent directors of NetGen (the “Eligible Recipients”), and in such amounts (the “Bonus Awards”), each as identified in Section 7.16 of the NetGen Disclosure Schedule delivered to NetScout concurrently herewith, upon the terms and subject to the conditions set forth in this Section 7.16. Each Eligible Recipient and NetScout shall negotiate an agreement setting forth mutually acceptable conditions upon which such Bonus Awards shall be made (the “Bonus Payment Conditions”).
Certain Bonus Payments. On execution of this Agreement, and in partial consideration for assistance which has already been provided by Contractor (which shall nonetheless be deemed to have been provided pursuant to the terms and conditions of this Agreement) Contractor shall be entitled to receive and Participant shall be obligated to pay Contractor, the first bonus payment in an amount of Three Million Five Hundred Sixty Two Thousand and Five Hundred Dollars ($3,562,500) ("Bonus Payment 1"), where W equals the U.S. Dollar price of one share of Participant Common Stock as valued, on the date of signing this Agreement, which Bonus Payment shall be deemed to be fully vested. HOWEVER, Contractor has agreed to defer receipt of the full amount of this Bonus Payment 1 until, and Participant shall accordingly deliver the Bonus Payment 1 to Contractor, one (1) year after the date of this Agreement, or prior thereto upon termination of this Agreement if that is to occur earlier.
Certain Bonus Payments. After the conclusion of the fiscal year of Seller that includes the Closing Date, and within thirty (30) days after Purchaser's receipt of notice from Seller that such bonus payments have been approved by the board of directors of Tyco International, Ltd., Purchaser shall pay to each of the Transferred Employees a cash bonus that is determined by (a) multiplying the amount that is set forth opposite each Transferred Employee's name on Schedule 6.1.6 by the number of days between the Closing Date and the last day of the fiscal year of Seller that includes the Closing Date and (b) dividing such product by three hundred and sixty-five (365).
Certain Bonus Payments. (a) The Controlling Sellers shall be liable for payment of and shall, through the Sellers' Representative, remit to Buyer, in accordance with this Section 2.15, an amount equal to twenty-five percent (25%) of the bonus amounts actually paid or to be paid to employees of the FCS Companies and attributable to the 1997 calendar year, together with an amount equal to the employer portion of tax and withholding liabilities, provided, however, that the total amount of such employee bonus liability shall not exceed $40,000 (the "Pre-Effective Time Employee Bonus Amount.") Within ninety (90) days after December 31, 1997, Buyer shall provide to Sellers' Representative a billing statement stating the Pre-Effective Time Employee Bonus Amount, to which statement Buyer shall attach a list of the employees who have earned such a bonus payment and the amount of such bonus payment for each employee. Within 30 days from the date of such billing statement, Sellers' Representative shall remit in cash to Buyer the full amount of the Pre-Effective Time Employee Bonus Amount due to Buyer pursuant to this Section 2.15(a).
Certain Bonus Payments. Notwithstanding anything to the contrary contained in this Agreement, the Company in its sole discretion may pay, from its available cash reserves, cash bonuses to any of its employees, officers, directors or consultants, not to exceed $450,000 in the aggregate. For the avoidance of doubt, such bonuses shall be in addition to, and shall not reduce or set off, (x) any portion of the Aggregate Common and Option Bonus Cash Consideration or (y) any ordinary course compensation otherwise payable to such persons.
Certain Bonus Payments. (a) Annual incentive bonuses in respect of calendar year 2014, prorated for the period commencing on January 1, 2014 and ending on the Distribution Date, shall be paid to SLM BankCo Employees and NewCo Employees by SLM BankCo and NewCo, respectively, at the time such bonuses are normally paid in accordance with the bonus metrics determined by the compensation committee of the board of directors of SLM BankCo (the “2014 Pre-Spin Bonus”). Each employee’s 2014 Pre-Spin Bonus shall be based on actual performance results based on the bonus metrics set by the compensation committee of the board of directors of SLM BankCo, as such performance is certified by the board of directors of SLM BankCo, for the period commencing on January 1, 2014 and ending on the last day of the full calendar quarter preceding the Distribution Date.
Certain Bonus Payments. (a) The Compensation Committee of the Board of Directors of RemainCo shall determine the annual incentive bonuses in respect of 2020 payable to eligible RemainCo Employees, Former RemainCo Employees, SpinCo Employees and Former SpinCo Employees prior to the Distribution Date, which annual incentive bonuses shall be paid at the time such bonuses are normally paid in accordance with the applicable bonus plans and the bonus pools.
