Actual Bonus Amount definition

Actual Bonus Amount means the amount (if any), determined on an after-tax basis, of the annual integration bonus paid by the Company to the Stockholder with respect to the twelve (12) month period ending on the Bonus Date. If a Termination of Employment shall occur at any time prior to the Bonus Date and for any reason, the Actual Bonus Amount shall be deemed to be zero for purposes of this Agreement.
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Actual Bonus Amount has the meaning set forth in Section 6.21.
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Examples of Actual Bonus Amount in a sentence

  • In determining the Actual Bonus Amount, the Committee may reduce or eliminate the amount of the Bonus earned under the Performance Formula as set forth in Section 2 above through the use of Negative Discretion if, in its sole judgment, such reduction or elimination is appropriate.

  • To the extent that the Committee determines that Threshold Performance or Target Performance has been attained in accordance with Section 2 above, subject to the Participant’s continued employment through and including the payment date, the Participant will be entitled to receive a lump sum cash payment equal to the Actual Bonus Amount.

  • In the event the Date of Termination occurs following a Change in Control the Annual Bonus Amount shall be the greater of (i) the Actual Bonus Amount, or (ii) $100,000.00.

  • If the Actual Bonus Amount is less than the Specified Annual Bonus Amount, the Buyer shall, or shall cause the Company to, refund to the Seller an amount equal to (A) the Specified Annual Bonus Amount for such Assumed Employee minus (B) (1) the Actual Annual Bonus Amount plus (2) the amount of the employer portion of any Taxes associated with the payment of the Actual Annual Bonus Amount, if any.

  • To the extent that the Committee determines that Threshold Performance or Target Performance has been attained in accordance with Section 2 above, subject to the Participant’s continued employment through and including the date of issuance of the shares of Common Stock, the Participant will be entitled to receive a number of whole shares of Common Stock equal to the Actual Bonus Amount, if any, divided by the Fair Market Value of a share of Common Stock on the Certification Date (the “Award Shares”).

  • If the Actual Bonus Amount is more than the Specified Annual Bonus Amount, the Seller shall pay to the Buyer an amount equal to the absolute value of (A) the Specified Annual Bonus Amount for such Assumed Employee minus (B) (1) the Actual Annual Bonus Amount plus (2) the amount of the employer portion of any Taxes associated with the payment of the Actual Annual Bonus Amount, if any.

  • The Actual Bonus Amount, if any, shall be paid within ten (10) business days following the filing of the Company’s [Insert Fiscal Year] Form 10-K.

  • If ▇▇▇▇▇▇▇ Adler's Pro Rata Share of the Actual Bonus Amount exceeds the Accrued Bonus Amount, then Sellers shall be jointly and severally liable to and shall promptly pay such excess to Purchaser; and if the Accrued Bonus Amount exceeds ▇▇▇▇▇▇▇ Adler's Pro Rata Share of the Actual Bonus Amount, Purchaser shall promptly pay such excess amount to ▇▇▇▇▇▇▇ ▇▇▇▇▇.