Accrued Bonuses definition

Accrued Bonuses has the meaning set forth in definition of “Debt”.

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Accrued Bonuses means the amount equal to that percentage of budgeted annual bonuses for Source's fiscal year 1998 equal to the ratio of the earnings of Source through the date of calculation to budgeted earnings for the full fiscal year. All budgeted amounts used herein to be as set forth in Schedule 5.5 of the Source Disclosure Memorandum.

Accrued Bonuses means the accrued bonus payments due to Company employees as of the date hereof.

Examples of Accrued Bonuses in a sentence

• The Company may not withhold any sums under any circumstances from any amounts payable under this Agreement as Accrued Obligations, Accrued Investments or Accrued Bonuses to Executive beyond the date due.

• The Company may not withhold any sums under any circumstances from any amounts payable under this Agreement as Accrued Obligations, Accrued Investments or Accrued Bonuses to the Executive beyond the date due.

• If the Independent Accounting Firm’s calculation of the amount of the Accrued Bonuses is not at least 5% or greater than Seller’s calculation of the amount of the Accrued Bonuses, then the fees and expenses of the Independent Accounting Firm shall be paid by Buyer.

• The Accrued Bonuses in an aggregate amount not to exceed $200,000 shall be paid by Buyer within five (5) Business Days of the Closing.

• The Seller hereby agrees that (a) all Excluded Liabilities, including, without limitation, the Accrued Bonuses, shall remain the sole and exclusive obligations of the Seller, and (b) the Seller shall promptly and fully discharge and pay all Excluded Liabilities as and when due (or, if contested in good faith, upon a final determination that such Excluded Liabilities are due).

More Definitions of Accrued Bonuses

Accrued Bonuses has the meaning referred to in Section 3.26(b).

Accrued Bonuses means the amount equal to that percentage of budgeted annual bonuses which shall equal the ratio of the earnings of the Joint Venture Interest through the Closing Date to budgeted earnings for the full fiscal year. All budgeted amounts used herein to be as set forth in Schedule 4.2(b) of the Source Disclosure Memorandum.

Accrued Bonuses means any and all unpaid bonuses that may be attributable to any fiscal year (or such other period for which bonus awards relate, as applicable) of Seller, an Affiliate of Seller or the Business that ends prior to the Closing, which bonuses would otherwise be earned by a New Buyer Employee but for the transactions contemplated by this Agreement if the New Buyer Employee remained employed in good standing with Seller or an Affiliate of Seller until the time of payment of such bonus.

Accrued Bonuses means, with respect to a specified Participant and a specified Award Cycle, the sum of all bonuses accrued by that Participant with respect to all Plan Years within that Award Cycle, plus interest credited on such amounts in accordance with Paragraph 4(d).

Accrued Bonuses has the meaning set forth in Section 7.5(a).

Accrued Bonuses shall have the meaning set forth in Section 4(r)(i).

Accrued Bonuses means the bonuses payable to current or former employees and/or management of any Group Company (or current or former US Receiptco Employees on behalf of the Group Companies pursuant to the US Employee Transition Agreement), as determined in accordance with the Accounting Principles (including the employer portion of any payroll, social security, unemployment or similar Taxes imposed on such amounts). Notwithstanding the forgoing, no Change of Control Payment shall be deemed an Accrued Bonus.