Bonus Accrual Amount definition

Bonus Accrual Amount means the 2014 Bonus Accrual Amount and the 2015 Bonus Accrual Amount;
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Bonus Accrual Amount means the aggregate amount of bonuses, commissions and any other cash-based incentives that are accrued by Seller or its Affiliates but unpaid as of the Closing with respect to all Transferred Employees.
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Bonus Accrual Amount means the amount equal to the accrual by Sellers for the six months ended June 30, 2008 in respect of the estimated 2008 bonus payments for the Employees (the amount of such monthly accrual to be mutually agreed upon in writing by RFC and Purchaser within 10 days following execution of this Agreement). “Business” shall have the meaning set forth in the recitals. “Business Day” means any day of the year, other than (i) any Saturday or Sunday or (ii) any other day on which banks located in Minneapolis, Minnesota or New York, New York generally are closed for business. “Closing” means the closing of the transactions contemplated hereby. “Closing Date” shall have the meaning set forth in Section 2.7. “Closing Net Book Value” shall have the meaning set forth in Section 2.6(b)(v). “Code” means the Internal Revenue Code of 1986, as amended. “Collateral” means (i) every item of collateral pledged by an Obligor in connection with a Receivable, including real property interests, improvements, personal property, accounts, notes, negotiable instruments, Consumer Note Receivables, other consumer documents and equipment pledged by an Obligor as collateral under the related Receivables Documents and (ii) each item of additional collateral that has been pledged by any guarantor under any of the guarantees. The foregoing shall include each Seller’s or any of its Affiliates’ rights (a) under investment or share owner certificates pledged as collateral or other evidence of the right to receive payment, (b) as pledgee or assignee of intangible personal property, including intellectual property and information technology, (c) as lien holder of any item of equipment the ownership of which is evidenced by a certificate of title and (d) all proceeds of the foregoing and of insurance required by the terms of each Receivable to be maintained by Obligors. “Commitments” means the outstanding commitments relating to Obligors set forth under the heading “Obligated Commitment” on Schedule 2.1(i)(A). “Consents” shall have the meaning set forth in Section 5.2. “Consumer” means any Person (or if more than one Person, Consumer shall mean, collectively, each such Person) who purchases one or more Intervals and is the maker of a Consumer Note Receivable).
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Examples of Bonus Accrual Amount in a sentence

  • The Manager shall pay the Bonus Accrual Amount to the Company pursuant to Section 1.04 hereof.


More Definitions of Bonus Accrual Amount

Bonus Accrual Amount means the amount equal to the accrual by Sellers for the six months ended June 30, 2008 in respect of the estimated 2008 bonus payments for the Employees (the amount of such monthly accrual to be mutually agreed upon in writing by RFC and Purchaser within 10 days following execution of this Agreement).
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Bonus Accrual Amount shall be an amount equal to the aggregate amount set forth on Exhibit E hereto. The Bonus Accrual Amount received by the Company shall be used by the Company and/or its affiliates for the payment of discretionary cash bonuses for Offer Employees (other than the Company’s Chief Executive Officer and Chief Financial Officer) who become employed by the Company and/or its affiliates in accordance with Section 2.02 hereof with respect to the portion of calendar year 2024 elapsed (on a pro-rated (daily) basis) through and including the Effective Date (but subject in all cases to the terms of the applicable Offer Letter). The “Manager Release Consideration Payment” shall be the aggregate cash amount that the Manager has agreed to pay to the Offer Employees who become employed by the Company and/or its affiliates in accordance with the terms and conditions of the applicable Separation Agreement and remain employed by the Company and/or its affiliates through the Manager Release Consideration Payment Date, which amount for each such Offer Employee shall be equal to $1,000, and will be paid by Manager or its designee to the applicable Offer Employee in the first quarter of 2025 in accordance with historical practice (the date of such payment, the “Manager Release Consideration Payment Date”), in each case subject to the terms of the applicable Separation Agreement. Any portion of the Manager Release Consideration Payment not paid to Offer Employees shall be promptly paid to the Company and/or its affiliates. Notwithstanding anything set forth in this Agreement to the contrary, other than with respect to the Manager Release Consideration Payment, the Manager will not be responsible in any way for making the payment of any annual or other bonus with respect to any portion of 2024 for any of the Transferred Employees (defined below). The Company and/or its affiliates will provide written notice to the Manager no later than December 31, 2024 (as updated from time to time thereafter where applicable through the Manager Release Consideration Payment Date) stating whether any Offer Employee is no longer employed by the Company and/or its affiliates or has given or received notice of termination of employment with the Company and/or its affiliates.
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Related to Bonus Accrual Amount

  • Interest Accrual Amount As to any Distribution Date and any Class of Class A Certificates (other than the Class A-PO Certificates), (a) the product of (i) 1/12th of the Class A Pass-Through Rate for such Class and (ii) the Principal Balance of such Class as of the Determination Date preceding such Distribution Date minus (b) the Class A Interest Percentage of such Class of (i) any Non-Supported Interest Shortfall allocated to the Class A Certificates with respect to such Distribution Date, (ii) the interest portion of any Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses allocated to the Class A Certificates with respect to such Distribution Date pursuant to Section 4.02(e) and (iii) the interest portion of any Realized Losses (other than Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses) allocated to the Class A Certificates on or after the Cross-Over Date pursuant to Section 4.02(e). The Class A-PO Certificates have no Interest Accrual Amount. As to any Distribution Date and any Class of Class B Certificates, an amount equal to (i) the product of 1/12th of the Class B Pass-Through Rate and the Principal Balance of such Class as of the Determination Date preceding such Distribution Date minus (ii) the Class B Interest Percentage of such Class of (x) any Non-Supported Interest Shortfall allocated to the Class B Certificates with respect to such Distribution Date and (y) the interest portion of any Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses allocated to the Class B Certificates with respect to such Distribution Date pursuant to Section 4.02(e).

  • Current Accrual Rate means, with respect to each Payment Date and any Reference Obligation, the current mortgage rate, less the greater of (i) the related servicing fee rate and (ii) 35 basis points.

  • Deferral Amount means the sum of all of a Participant's Annual Deferral Amounts.

  • Interest Accrual Period means the period beginning on (and including) the Interest Commencement Date and ending on (but excluding) the first Interest Period Date and each successive period beginning on (and including) an Interest Period Date and ending on (but excluding) the next succeeding Interest Period Date.

  • Applicable Dividend Rate means (i) during the period from the Original Issue Date to, but excluding, the first day of the first Dividend Period commencing on or after the fifth anniversary of the Original Issue Date, 5% per annum and (ii) from and after the first day of the first Dividend Period commencing on or after the fifth anniversary of the Original Issue Date, 9% per annum.

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.