Completion Bonuses Sample Clauses

Completion Bonuses. If the Employee remains continuously employed by the Company for a period of one (1) year and period of two (2) years immediately following the Commencement Date (excepting vacations and holidays), the Employee will earn a bonus in a gross amount equal to Twenty Thousand Dollars ($20,000) at the end of the first year and that same amount at the end of the second year, subject to the other terms and conditions set forth in this Agreement (collectively the “Completion Bonuses”). If earned, the Completion Bonuses will be payable thirty (30) days after the first and second anniversary of the Commencement Date.
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Completion Bonuses. Parent shall pay, or cause to be paid, to the Executive in cash a bonus of $400,000 within five (5) days of the Effective Time. Parent shall pay, or cause to be paid, to the Executive the following completion bonuses (the "Completion Bonuses") upon completion of the specified periods of his employment: (i) $400,000 if Executive is employed with Parent or any subsidiary or affiliate thereof on the one (1) year anniversary of the Effective Time; and (ii) $400,000 if Executive is employed with Parent or any subsidiary or affiliate thereof on the two (2) year anniversary of the Effective Time. Each Completion Bonus shall be paid within five (5) days after the respective anniversary of the Effective Time.
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Completion Bonuses. (a) Subject to Section 2.3(b), within two (2) Business Days after the Closing Date, Buyer shall pay, or cause the Acquired Companies to pay, each Completion Bonus in cash to the relevant Completion Bonus Recipient (as set out in the Consideration Schedule) by the Acquired Company that employs such Completion Bonus Recipient. The payments pursuant to this Section 2.3 shall be made by way of a specific payroll and shall be paid by the Acquired Company that employs the relevant Completion Bonus Recipient, subject to such deductions as may be required by law in respect of income tax, employees’ national insurance contributions and any other matters.
Sample 1
Completion Bonuses. In addition to, and not in lieu of, any other incentive compensation which NSC may make available to you from time to time during the Term, (i) if you remain employed with NSC through October 8, 1997, NSC agrees to pay you a one-time completion bonus in the amount of Seven Thousand Five Hundred ($7,500.00) Dollars and (ii) if you remain employed with NSC through the end of the Term, NSC agrees to pay to you a one-time completion bonus in the amount of Seven Thousand Five Hundred ($7,500.00) Dollars. In the event that, prior to the aforementioned dates, you voluntarily terminate your employment with NSC, or NSC terminates your employment for Cause, you shall have no entitlement to such completion bonuses and NSC shall have no further obligation with respect thereto.
Sample 1
Completion Bonuses. Seller shall promptly pay to Subsidiary, upon receipt of notice from Buyer or Subsidiary that such payments are due and payable, 50% of the following completion bonuses: Lindx Xxxxxx 2 months base salary Pam Xxxxxx 2 months base salary Ben Fort 2 months base salary Lori XxXxxxxxx 2 months base salary Tom Xxxxx 2 months base salary 2 4. Fleet Pre-Closing Audit Adjustment. The amount set forth on the Fleet Audit Schedule representing Missing Rental Equipment does not exceed $50,000, and consequently there is no Fleet Pre-Closing Audit Adjustment, and the Purchase Price shall not be reduced thereby.
Sample 1
Completion Bonuses. For the avoidance of doubt, on Completion, the Company will satisfy all obligations to pay “Completion Bonuses” to key employees or directors or former employees or directors in the Company in accordance with their terms of employment up to £790,000 plus all employer’s National Insurance Contributions at the prevailing rate as of the date of Completion.
Sample 1

Related to Completion Bonuses

  • Performance Bonuses The Executive will be eligible to receive an annual cash bonus at an annualized rate of up to 40% of his base salary, based on the achievement of reasonable individual and Company performance targets to be established by the Company and Parent.

  • Retention Bonuses Provided Executive becomes and remains an active employee of Mercantile, Mercantile will pay Executive retention bonuses in accordance with the following schedule:

  • Performance Bonus If Employee's employment is terminated by Employee with cause, or by Bank without cause, Employee shall be paid, in addition to the amounts payable under Sections 3.5 and 3.6 of the Agreement: (i) all non-forfeitable deferred compensation, if any; and (ii) unpaid performance bonus payments, if any, payable under Section 4.2 of the Agreement, which shall be declared earned and payable based upon performance up to, and shall be pro-rated as of, the date of termination. Employee shall not be entitled to such unpaid performance bonus payments if Employee's employment is terminated by Bank with cause, or by Employee without cause.

  • Retention Bonus You will be eligible for a lump sum cash payment on the first anniversary of the Acquisition Date provided that you are employed by the Company as of such date in an amount equal to the sum of (i) 100% of your annual base salary in effect as of the Acquisition Date, plus (ii) 100% of the annual bonus paid to you for the Company’s fiscal year ending December 31, 2008 (such sum, the “First Year Retention Bonus”). You will be eligible for a lump sum cash payment on the second anniversary of the Acquisition Date provided that you are employed by the Company as of such date in an amount equal to the sum of (i) 100% of your annual base salary in effect as of the Acquisition Date, plus (ii) 100% of the annual bonus paid to you for the Company’s fiscal year ending December 31, 2008 (such sum, the “Second Year Retention Bonus”). Except as set forth below, you will not be eligible for the retention bonuses as set forth above if your employment terminates prior to such applicable anniversary. In the event of your Voluntary Termination for Good Reason (as defined below), the termination of your employment by the Company other than for Justifiable Cause, or in the event of your death or “permanent disability” as defined in the Company’s long-term disability policy (i) during the first twelve month period following the Acquisition Date, you will be eligible for a pro rata portion of the First Year Retention Bonus, counting full months of employment with the Company from the Acquisition Date through such termination, and (ii) during the second twelve month period following the Acquisition Date, you will be eligible for a pro rata portion of the Second Year Retention Bonus, counting full months of employment with the Company from the first anniversary of the Acquisition Date through such termination. Any prorated payment pursuant to the preceding sentence shall be made within 10 business days of such termination. If the annual bonus payment for the Company’s fiscal year ending December 31, 2008 has not been paid to you or otherwise determined by the Company as of the date the prorated payment is due, the prorated payment shall be calculated using your target bonus amount for 2008. Payments under this Section 8 shall be net of any applicable withholding taxes. For purposes of this Section 8, “Voluntary Termination for Good Reason” shall have the same meaning as given to such term under the Key Employee Change in Control Severance Plan as in effect immediately prior to the Acquisition Date, but with respect to the First Year Retention Bonus only, determined without regard to clause (ii) thereof.”

  • Bonus Payment Executive will receive a lump-sum payment equal to one hundred fifty percent (150%) of the higher of (A) the greater of (x) Executive’s target bonus for the fiscal year in which the Change of Control occurs (as in effect immediately prior to the Change of Control) or (y) Executive’s target bonus as in effect for the fiscal year in which Executive’s termination of employment occurs, or (B) Executive’s actual bonus for performance during the calendar year prior to the calendar year during which the termination of employment occurs. For avoidance of doubt, the amount paid to Executive pursuant to this Section 3(b)(iii) will not be prorated based on the actual amount of time Executive is employed by the Company during the fiscal year (or the relevant performance period if something different than a fiscal year) during which the termination occurs.

  • Signing Bonus The Executive shall receive a signing bonus equal to $2,250,000 (the “Signing Bonus”), payable within thirty (30) days following March 15, 2019, subject to the Executive’s continued employment through such date. Notwithstanding the foregoing, if the Executive is terminated by the Company without Cause or resigns for Good Reason prior to March 15, 2019, the Signing Bonus will remain outstanding and payable in accordance with this Section 6(c).

  • Bonus Payments In addition to Base Salary, Executive shall be entitled, during the Employment Term, to participate in and receive payments from all bonus and other incentive compensation plans (as currently in effect, as modified from time to time, or as subsequently adopted) of the Company; provided, however, that nothing contained herein shall grant Executive the right to continue in any bonus or other incentive compensation plan following its discontinuance by the Board (except to the extent Executive had earned or otherwise accumulated vested rights therein prior to such discontinuance).

  • Recovery of Bonus and Incentive Compensation Any bonus and incentive compensation paid to you during a CPP Covered Period is subject to recovery or “clawback” by the Company if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.

  • Annual Bonus In addition to Annual Base Salary, Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the “Annual Bonus”) in cash at least equal to Executive’s highest annual bonus for the last three full fiscal years prior to the Effective Date (annualized in the event that Executive was not employed by the Company for the whole of such fiscal year). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless Executive shall elect to defer the receipt of such Annual Bonus.

  • Annual Bonuses For each fiscal year during the term of employment, the Executive shall be eligible to receive a bonus in the amount, if any, as may be determined from time to time by the Board in its discretion.

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