Partnership Bonus Clause Samples
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Partnership Bonus. PPG shall receive a Partnership Bonus in the calendar years 1999 and 2000 if HMO achieves profitability levels defined below. Such Partnership Bonus shall be in the form of a lump sum payment, payable no later than May 31,1999 and May 31, 2000. HMO shall report to the Department of Corporations (“DOC”) HMO’s calendar year-end financial results no later than April 30th of each year for the prior calendar year. HMO’s Net After Tax Income PMPM from the most recent year-end shall be compared with that from the preceding year. Calculation of the Partnership Bonus shall be determined as follows:
Partnership Bonus. If during the term of the Consulting Agreement or any renewal thereof, employees of the Company earn a “pharma deal achievement bonus” as established by the Board of Directors of the Company on May 22, 2018, then Executive shall also be entitled to receive a “pharma deal achievement bonus”, and for such purposes the Executive’s bonus shall computed by reference to the consulting fees paid by the Company to the Executive in the twelve (12) calendar months immediately preceding the date that employees of the Company earned the pharma deal achievement bonus, rather than by reference to base salary.
Partnership Bonus. Upon execution of the grant of the first sublicense under the Licensed Subject Matter (including a license or an option to license), Licensee shall make a one-time, non-refundable payment to Licensor in the amount of $[***]. Upon execution of each subsequent sublicense by Licensee, Licensee shall make a one-time, non-refundable payment to Licensor in the amount of $[***]. Each such Partnership Bonus shall be paid by Licensee on or before the Quarterly Payment Deadline for the Contract Quarter in which the sublicense is executed.
Partnership Bonus. ▇▇▇▇▇▇ & ▇▇▇▇▇ College will provide a $25,000 one-time partnership bonus to Institution to be used at its discretion. Solely in the event Institution implements the First Day Complete® Program, ▇▇▇▇▇▇ & ▇▇▇▇▇ College will provide an additional $215,000 one-time signing bonus to Institution to be used at its discretion. Payment of the one-time signing bonuses are contingent upon, and shall be made within ninety (90) days after, the successful implementation of ▇▇▇▇▇▇ & ▇▇▇▇▇ College’s integrative technologies, including but not limited to registration, student financial aid, LMS and AIP integrations, and enrollment feeds, and Institution providing ▇▇▇▇▇▇ & ▇▇▇▇▇ College all student email addresses (including incoming students) by agreed upon dates. ▇▇▇▇▇▇ & ▇▇▇▇▇ College will amortize the one-time signing bonus on a straight-line basis over the five (5) year period of this Agreement. Should this Agreement terminate before the end of that period, then Institution shall reimburse ▇▇▇▇▇▇ & ▇▇▇▇▇ College for any amount of the investment not yet amortized.
Partnership Bonus. In the event Regulus enters an agreement with a Third Party for the continued development and commercialization of a Licensed Product, pursuant to which Regulus grants a Sublicense under Section 4.1 above, and receives any payments in connection therewith, a payment on each such collaboration in the amount of two hundred thousand EURO (€200,000), if applicable, will be due and payable to University by Regulus within sixty (60) days after Regulus has received such payments.
Partnership Bonus. Partnership Bonus in Ohio, Georgia and Mid-Atlantic States. Coalition represented employees in the Ohio, Georgia and Mid-Atlantic States regions will receive an annual cash Partnership Bonus in each of the first and second years of the Agreement. The total amount avail- able to fund the Partnership Bonus in each region will be 0.5% of represented employee payroll in that region in each year.