Integration Bonus Sample Clauses

The Integration Bonus clause establishes a financial incentive for successful completion of integration-related tasks or milestones, typically following a merger, acquisition, or implementation of new systems. This clause specifies the conditions under which the bonus is earned, such as achieving certain performance targets, completing integration within a set timeframe, or meeting specific operational objectives. Its core practical function is to motivate and reward key personnel or teams for efficient and effective integration, thereby aligning their interests with the overall success of the integration process and reducing the risk of delays or suboptimal outcomes.
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Integration Bonus. In addition to the bonuses set forth in Sections 4 and 5 of this Letter Agreement, you will be entitled to receive two special integration bonuses with respect to the performance of the Company for two specified periods after the Closing, subject to the following terms and conditions: If the Company achieves a $30 million synergy target during the Term and on or before the first anniversary of the Closing, as determined by the Board, or the Committee, in its reasonable discretion, you will receive a one-time cash bonus of $500,000, to be paid (subject to deferral at your election as provided in Section 9(c)) as soon as reasonably practicable following the date that such synergy target is achieved. If the Company achieves a synergy target of $45 million or more during the Term and on or before the 18 month anniversary of the Closing, as determined by the Board, or the Committee, in its reasonable discretion, you will receive a separate bonus of $500,000, to be paid (subject to deferral, at your election, as provided under Section 9(c) below) as soon as reasonably practicable after the date that such synergy target is achieved.
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Integration Bonus. Employer shall pay employee a $25,000 bonus in the form of cash, stock options or some combination thereof within 30 days of completion of the technology integration of any acquired entity. Integration is defined to mean combining or integrating the acquired entity’s telephony systems, data networks and information technology systems into the Baby Universe enterprise. This bonus will not be paid for integration work regarding ▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇. In addition to the foregoing, this bonus will be paid upon the successful launch of either ▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇, ▇▇▇▇▇▇▇▇.▇▇▇ or a subsequent acquisition on a new front-end ecommerce system.
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Integration Bonus. The Employee shall be entitled to a one-time payment in the form of a cash lump sum amount equal to $75,000, payable on the 90th day following the Effective Date, upon the successful completion of the preliminary objectives of the integration of the Company's business and operations with the business and operations of Thomson in connection with the transaction contemplated by the Merger Agreement, the general description of which objectives is attached hereto as Exhibit C.
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Integration Bonus. Subject to the consummation of the Merger, and provided that the Executive satisfactorily performs her duties, as described in Section 2 above, as determined in good faith by the Company Board prior to the close of the Merger, and by the Chief Executive Officer or the President and Chief Operating Officer of Parent from and following the close of the Merger, and either the Executive remains employed by the Company through the Separation Date or the Executive’s employment is terminated by Parent or the Company other than for Cause on or prior to the Separation Date, the Executive will be entitled to receive a bonus (the “Integration Bonus”) in an amount equal to $200,000, payable as soon as practicable, but in no event later than, 15 calendar days following the Separation Date.
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Integration Bonus. The Executive shall be eligible for an integration award of Shares based on the compounded annual growth in the book value per share of UAI (“Book Value Growth”) in the event that a “Change in Control” (as defined below) occurs on or prior to December 31, 2010. For purposes of this paragraph 4(d), a “Change in Control” is a transaction or a series of related transactions such that, following such transaction(s), a person or entity, or a group of persons or entities acting in concert, unaffiliated with Fox P▇▇▇▇ Capital International GP, L.P. controls shares representing more than fifty percent of the voting power of UAI. As soon as practical following a Change in Control, the UAI Board shall determine Book Value Growth for the period beginning on January 1, 2006 and ending as of the date the Change in Control occurred (the “CiC Date”). Book Value Growth of at least 10% (but less than 12%) shall result in a preliminary determination of 17,500 Shares, at least 12% (but less than 13%) in 26,250 Shares, at least 13% (but less than 15%) in 35,000 Shares and 15% or more in 52,500 Shares. Such Share figure shall then be multiplied by a fraction, the numerator of which is the consideration provided to former UAI shareholders in connection with the Change in Control and the denominator of which is the book value of the stake acquired of UAI, determined as of the CiC Date, by the unaffiliated persons or entities in connection with the Change in Control (the resulting figure, the “CiC Share Determination”). The Executive shall then be awarded, and shall vest in full, in a number of Shares equal to the CiC Share Determination, subject to the Executive being employed by the Company or one of its Affiliates immediately prior to the Change in Control. Any calculation or determination pursuant to the foregoing shall be made by the UAI Board in its sole discretion. For purposes of the foregoing, the book value of UAI as of December 31, 2005 was $17.51 per share. In the event that no Change in Control occurs on or prior to December 31, 2010, the UAI Board may elect, in its sole discretion, to award the Executive Shares in lieu of an award pursuant to the foregoing.
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Integration Bonus. In the event Executive remains an employee through December 31, 2015 and successfully completes the transition of accounts to the purchaser of the Company’s U.S. Ankle Products and Toe Products (the “Transition Payment Requirements”), in the sole discretion of the Company, the Company will provide Executive a lump sum cash payment equal to One Hundred Thousand Dollars ($100,000.00) (“Transition Payment”), less payroll withholdings that the Company reasonably believes are required by law or elected by Executive for state and federal income taxes, FICA and other applicable payroll deductions. Subject to meeting the Transition Payment Requirements, the Transition Payment will be paid to Executive as soon as reasonably practicable after the Resignation Date.
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Integration Bonus. Within 90 days after the Effective Date, you will receive a one-time integration bonus equal to 100% of your annual base salary.
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Integration Bonus. You will be eligible for a one-time integration bonus once we hit our synergy goals. More specifics on this bonus opportunity will be provided separately.
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Integration Bonus 
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Related to Integration Bonus

  • Transaction Bonus In addition, in the event of a transaction involving a Change in Control, in a transaction approved by the Company’s Board of Directors, which transaction results in the receipt by the Company’s stockholders of consideration with a value representing, in the sole judgment of the Board of Directors, a significant premium over the average of the closing prices per share of the Company’s common stock as quoted on the Nasdaq National Market for 20 trading days ending one day prior to the public announcement of such transaction (a “Change in Control Transaction”), Executive shall be paid a Transaction Bonus at the closing of such a transaction in the amount equal to one (1) times 50% of Executive’s Base Salary in effect immediately preceding the closing of such a transaction. Executive shall also be paid said Transaction Bonus if the Company enters into a transaction approved by the Board of Directors which is not a Change in Control Transaction, but which, nonetheless, involves a significant change in the ownership of the Company or the composition of the Board of Directors of the Company, and which results in significant additional value for the Company’s stockholders, as determined by the Board of Directors in its sole discretion and as specifically designated a significant event by the Board of Directors (a “Significant Event”). In the event Executive receives a Transaction Bonus, no Achievement Bonus will be paid to Executive in the year in which such Transaction Bonus is paid. If the Company enters into a transaction which is a Change in Control Transaction, then all of the Executive’s stock options received before the date of the transaction shall become exercisable in full and all of the shares of the common stock of the Company awarded to Executive under the Company’s 1997 Stock Incentive Plan (or any subsequent plan) shall become fully vested. If the Company enters into a transaction which is not a Change in Control Transaction but which is a Significant Event, then the Board of Directors may, in its sole discretion, determine that all, or a portion, of the Executive’s stock options received before the effective date of the transaction shall become exercisable in full and all, or a portion, of the shares of the common stock of the Company awarded to Executive under the Company’s 1997 Stock Incentive Plan (or any subsequent plan) shall become fully vested.

  • Vacation Bonus Employees shall receive one day's base pay (or adjusted earnings) for each year of service beyond twenty-five (25) years, to a maximum of ten (10) days’ pay.

  • Retention Bonus (a) Subject to Sections 2(b), 2(c) and 2(d) below and your continued employment through the Determination Date (as defined below), you will be eligible to receive a Retention Bonus equal to the annual bonus you would have been eligible to receive under the Company’s Annual Incentive Plan based on the Company’s actual performance for 2023, as determined by the Compensation Committee of the Board of Directors (the “Committee”) following the completion of 2023, had you been a participant in the Annual Incentive Plan with a target bonus opportunity of up to 40% of your base salary (such amount as determined by the Committee, the “Retention Bonus”), which determination shall occur between January 1, 2024 and March 15, 2024 (the date of such determination, the “Determination Date”). The Retention Bonus, if any, will be paid in cash in a lump sum between January 1, 2025 and March 15, 2025. You will continue to be considered an employee of the Company for purposes of this letter agreement if you are on a Company- approved leave of absence. (b) In the event of a Change in Control during 2024, subject to your continued employment through the earlier of: (1) the Determination Date; or (2) the date of the Change in Control, you will be eligible to receive your Retention Bonus in cash in a lump sum within 10 days following the date of the Change in Control. (c) In the event of your Involuntary Termination (as defined in the Employment Agreement) on or after the Determination Date but on or prior to the date you have received the Retention Bonus, you will be eligible to receive your Retention Bonus in cash in a lump sum within 10 days following the effective date of your Release (as defined below). As a condition to your receipt of the Retention Bonus pursuant to this Section 2(c), you shall execute and not revoke a general release of all claims in favor of the Company and its affiliates (the “Release”) in the form attached to the Employment Agreement as Exhibit A. In the event the Release does not become effective within the 55-day period following the date of your Involuntary Termination, you shall not be entitled to the Retention Bonus. (d) If your employment terminates prior to the Determination Date for any reason, then this letter agreement will terminate, and you will forfeit any right you may have to receive the Retention Bonus.

  • 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 Incentive Payment The Executive shall participate in the Company's Management Incentive Plan (or such alternative, successor, or replacement plan or program in which the Company's principal operating executives, other than the Chief Executive Officer, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 per year; provided, however, that the Executive's actual incentive payment for any year shall be measured by the Company's performance against goals established for that year and that such performance may produce an incentive payment ranging from none to 200% of the targeted amount. The Executive's incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment.