Annual Bonuses definition
Annual Bonuses means the sum of (a) an amount equal to the product of (i) the annual bonuses payable to the individuals listed on Schedule 1.1(a) pursuant to the 2011 Incentive Bonus Program and (ii) a fraction, the numerator of which is the number of days elapsed from January 1, 2011 through the Effective Time and the denominator of which is 365, which amounts shall become due and payable at the Effective Time to those individuals remaining employed by the Company through the Effective Time, plus (b) the related employer portion of payroll or compensation-related Taxes and any related employer matching retirement plan contributions.
Annual Bonuses has the meaning set forth in Section 8.2(a).
Annual Bonuses. Beginning with the calendar year 1998 and in each year or portion thereof thereafter during the term of this Agreement, the Board of WHX or the Compensation Committee of WHX (or the Board or Compensation Committee of (x) WPC from and after the consummation of the Initial Public Offering or Sale Transaction of WPC or (y) WPSC from and after the consummation of an Initial Public Offering or Sale Transaction of WPSC) shall grant the Executive a bonus in accordance with the terms of WPSC's Management Incentive Program.
Examples of Annual Bonuses in a sentence
Following the Closing, Purchaser shall cause the applicable Acquired Company to pay the Annual Bonuses to the Transferred Employees in accordance with the terms of the applicable plan, policy, program, arrangement or agreement, interpreted in a manner that is consistent with past practices.
More Definitions of Annual Bonuses
Annual Bonuses. The Company presently does not have an annual cash incentive plan. Instead, incentive compensation and tight alignment with the Company’s stockholders is achieved through the equity grant discussed below.
Annual Bonuses means the amounts payable to Transferred Employees for the bonus year in which the Closing occurs under the annual cash-based bonus plans or policies of the Seller in which Transferred Employees participated as of immediately prior to the Closing and calculated at target levels of performance.
Annual Bonuses the reference in that clause to the amount of the “Incentive Target Percentage” shall be amended from “fifty per cent (50%)” [of the Executives annual Base Salary] instead to “one hundred per cent (100%)”.
Annual Bonuses. Section 5.8(b) “Anti-Corruption Laws” Section 3.9(b)