Transaction Completion Bonus Clause Samples
A Transaction Completion Bonus clause establishes a financial incentive for a party, typically an employee or advisor, to ensure the successful closing of a specific transaction, such as a merger, acquisition, or sale. This clause outlines the conditions under which the bonus is earned, such as the transaction closing by a certain date or meeting predefined performance targets, and specifies the amount and timing of the payment. Its core function is to motivate key individuals to prioritize and facilitate the completion of the transaction, thereby aligning their interests with the successful outcome of the deal.
Transaction Completion Bonus. Provided the Effective Date occurs after December 31, 2006, the Company will pay to the Executive a cash transaction bonus of $1,125,000 on or as soon as reasonably practicable following the Effective Date.
Transaction Completion Bonus. Within thirty (30) days following the closing date of the Transaction with FNGI, the Executive will received a bonus equal to twenty-five thousand ($25,000) for work performed related to the Transaction.
Transaction Completion Bonus. Subject to the conditions set out herein, on or about 45 days following the Transaction Completion, you will receive a special "Transaction Completion Bonus" equal (before withholding of applicable taxes) to an amount as set forth in either paragraph (a) or (b) below.
(a) One and one-half times the sum of (i) your base annual salary as of Transaction Completion and (ii) the prior three-year average corporate rating under EIP (as of Transaction Completion) for your grade level multiplied by an amount equal to 100% of norm for that grade level; or
(b) As set out in the chart below, a bonus based on the established minimum, target, and maximum sales price for Government Systems (as determined by the Galaxy Transaction documents). If the sales price falls between minimum and target or target and maximum, the bonus will be calculated using linear interpolation (see Attachment A). Estimated Sales Price Bonus Formula Bonus* ------------------------------------------------------------------------------------------ Minimum ($980,000,000 One times base pay $ 390,000 or less) Target ($1.3 Billion) 1.5 times base and bonus $1,044,196 Maximum ($1.6 Billion 2.5 times base and bonus $1,673,660 or greater) *Actual based on prior three-year average corporate rating (currently estimated at 146.7) times norm in place upon Transaction Completion. At the time you execute this Letter Agreement, you must make an irrevocable election as to which formula you want to be used to calculate your potential bonus. If you do not make an election at the time you execute this Letter Agreement, you will be eligible solely for the bonus set forth in paragraph B(1)(a) above.
Transaction Completion Bonus. Subject to the conditions set out herein, on or about 45 days following the Transaction Completion, you will receive a special "Transaction Completion Bonus" equal (before withholding of applicable taxes) to an amount as set forth in either paragraph (a) or (b) below.
(a) One and one-half times the sum of (i) your base annual salary as of Transaction Completion and (ii) the prior three-year average corporate rating under EIP (as of Transaction Completion) for your grade level multiplied by an amount equal to 100% of norm for that grade level; or
(b) As set out in the chart below, a bonus based on the established minimum, target, and maximum sales price for Government Systems (as determined by the Galaxy Transaction documents). If the sales price falls between minimum and target or target and maximum, the bonus will be calculated using linear interpolation (see Attachment A). Confidential information has been omitted and filed separately with the Securities and Exchange Commission. At the time you execute this Letter Agreement, you must make an irrevocable election as to which formula you want to be used to calculate your potential bonus. If you do not make an election at the time you execute this Letter Agreement, you will be eligible solely for the bonus set forth in paragraph B(1)(a) above.
Transaction Completion Bonus