Back-End Bonus definition

Back-End Bonus means any obligation arising on or after the relevant Closing Date to make a payment (whether in cash, securities or a combination thereof and whether pursuant to a deferred compensation plan of Seller or otherwise) to an Employee under an Employee Contract, whether on an individual basis or on a team basis, that is either or both: (i) based on achieving or maintaining, at a certain point in time occurring after the relevant Closing Date or over a certain period of time after or extending past the relevant Closing Date, a threshold of assets under management at or above a certain level for such individual or team; or (ii) based upon achieving or maintaining, at a certain point in time occurring after the relevant Closing Date or over a certain period of time after or extending past the relevant Closing Date, a threshold of compensable production for such individual or team at or above a certain level for such individual or team."
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Examples of Back-End Bonus in a sentence

  • The Back-End Bonus, if any, shall be determined according to the Corporation’s Back-End Bonus Plan, payable according to the terms of the Plan, which terms are incorporated herein by this reference.

  • Seller acknowledges that it has used its reasonable efforts to identify in Section 3.2(b) of the Disclosure Schedule all Employee Contracts (including, without limitation, all Employee Contracts for Employees employed or located at the Additional Branch Offices) that, to its Knowledge, currently provide for a Back-End Bonus that (if the relevant Employee Contract becomes a Transferred Employee Contract) may become payable by Buyer after the relevant Closing Date.

  • The points earned for the Back-End Bonus shall not exceed the sum of ONE HUNDRED THOUSAND (100,000) bonus points for any fiscal year and the point amount credited for such bonus for each quarter shall not exceed the corresponding dollar amount of the Performance Bonus for that same quarter.

  • Corporation may alter, modify or terminate the Back-End Bonus Plan at any time.

  • Corporation may alter, modify or terminate the Back-End Bonus Plan at any time without notice to Employee.

  • In the event that following the relevant Closing, Buyer becomes aware that a Transferred Employee Contract not otherwise listed in Section 3.2(b) of the Disclosure Schedule provides for a Back-End Bonus that may become payable by Buyer after the relevant Closing Date, Buyer shall provide Seller a copy of such Transferred Employee Contract.