Payment of Success Bonus Sample Clauses

Payment of Success Bonus. INTEGRAL will pay the Success Bonus to EMPLOYEE, if eligible, within ten (10) days after the Sale date.
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Payment of Success Bonus. (i) In the event of a Liquidation, REFAC shall pay CARDONNE the Success Bonus at the time of the payment to shareholders in respect of such Liquidation. In the event of a Payment Event other than a Liquidation, REFAC shall pay CARDONNE the Success Bonus as soon as practicable following the occurrence of such Payment Event.
Sample 1
Payment of Success Bonus. Subject to paragraph (c) below, the Success Bonus shall be payable in a single cash payment on the last business day of January 2012, provided that Executive has theretofore complied with his obligations to provide Consulting Services in accordance with Section 2 hereof (the “Consulting Condition”). If prior to payment of the Success Bonus, the Executive dies or becomes disabled (a “Disability”) within the meaning of Section 409A(a)(2)(C) of the Internal Revenue Code of 1986, as amended (the “Code”) (whether such death or Disability occurs prior to or following consummation of the Spin-off), then subject to paragraph (c) below and provided that Executive shall have been in compliance with the Consulting Condition, the Success Bonus shall be payable to Executive (or, in the event of death, to Executive’s beneficiary or estate) as soon as practicable following the date of such death or Disability (but in no event prior to consummation of the Spin-off).
Sample 1
Payment of Success Bonus. Subject to paragraph (c) below, the Success Bonus shall be payable in a single cash payment on the last business day of January 2012. If, following consummation of the Spin-off and prior to January 1, 2012, the Executive’s employment with the Company terminates for any reason (other than by reason of Executive’s death or Disability (as hereinafter defined), Executive’s voluntary resignation or termination by the Company for “Cause”, as defined in the Severance Agreement between Executive and the Company), the Executive shall be entitled to the Success Bonus, subject to and in accordance with the terms of this Agreement. If prior to payment of the Success Bonus, the Executive dies or become disabled (a “Disability”) within the meaning of Section 409A(a)(2)(C) of the Internal Revenue Code of 1986, as amended (the “Code”) (whether such death or Disability occurs prior to or following consummation of the Spin-off), then subject to paragraph (c) below, the Success Bonus shall be payable to Executive (or, in the event of death, to Executive’s beneficiary or estate) as soon as practicable following the date of death or Disability (but in no event prior to the consummation of the Spin-off).
Sample 1

Related to Payment of Success Bonus

  • Payment of Salary Executive acknowledges and represents that the Company has paid all salary, wages, bonuses, accrued vacation, commissions and any and all other benefits due to Executive.

  • Payment of Bonus Within fifteen (15) days of such termination, the Company shall pay to the Executive his Target Bonus pursuant to Section 3(b), prorated for the number of days of employment completed by the Executive during the year in which his employment terminated.

  • Timing of Reimbursements and In-kind Benefits If Executive is entitled to be paid or reimbursed for any taxable expenses under this Agreement, and such payments or reimbursements are includible in Executive’s federal gross taxable income, the amount of such expenses reimbursable in any one calendar year shall not affect the amount reimbursable in any other calendar year, and the reimbursement of an eligible expense must be made no later than December 31 of the year after the year in which the expense was incurred. No right of Executive to reimbursement of expenses under this Agreement shall be subject to liquidation or exchange for another benefit.

  • Payment of Severance Subject to subsections (h) and (i) below and Section 4, if the Eligible Employee incurs a Severance during the Change in Control Protection Period, the Company shall pay to him a lump sum cash payment, no later than 10 days after the Severance Date (or the date of the Change in Control, if later), equal to two and ninety-nine one-hundredths (2.99) times the Eligible Employee’s Final Pay.

  • PAYMENTS UPON A CHANGE IN CONTROL (a) The term “

  • Payments Upon Termination (a) In the event the Employee’s employment is terminated pursuant to Section 4.1, Section 4.2, Section 4.4 or Section 4.6, the Company shall pay to the Employee the compensation and benefits otherwise payable to him or her under Sections 3.1 and 3.4 through the last day of his or her actual employment by the Company.

  • Payment Upon Termination Termination of this Agreement shall not affect the right of the Adviser to receive payment on any unpaid balance of the compensation described in Section 2 earned prior to such termination.

  • PAYMENTS TO EXECUTIVE UPON AN EVENT OF TERMINATION (a) Upon the occurrence of an Event of Termination (as herein defined) during the Executive's term of employment under this Agreement, the provisions of this Section shall apply. As used in this Agreement, an "

  • Payment of Bonuses The Bonus payable to an Executive for any Fiscal Year shall be paid in accordance with the following provisions:

  • Payment of Compensation Subject to the provisions of this paragraph, payment of the Subadviser's compensation for the preceding month shall be made within 15 days after the end of the preceding month.

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