Bonus Cap definition

Bonus Cap means the $200,000 cap on the cash bonus payable under his Employment Agreement dated as of April 3, 2019.
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Bonus Cap has the meaning set forth in Section 5.7(a).
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Bonus Cap means, in relation to Transferring Employees, an amount equal to the Bonus Cap Percentage multiplied by the total annual salary entitlement of such employees pro-rated to reflect the period from the beginning of the bonus accrual period in question up to and including the relevant Services Assumption Date;
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Examples of Bonus Cap in a sentence

  • If the Executive is actively employed by the Company on January 1 of each fiscal year during the Term of Employment, the Company shall advance to the Executive an amount equal to one-third of his Annual Bonus Cap for the fiscal year of the Company that includes such date.

  • The total aggregate liability of the Project Company to pay the Availability Bonus in respect of any Availability Test Period shall not exceed the amount of the Availability Bonus Cap.

  • If the sum of bonus for the Postpaid, Prepaid and Wholesale platforms exceeds $[**] during any quarter, the total quarterly bonus will be adjusted downwards to the Quarterly Bonus Cap.

  • In addition, the Executive shall be eligible to receive a bonus ("Annual Bonus") with respect to each fiscal year of the Company, beginning with its year ended on or about May 31, 1999, to the extent that the performance targets for such year are achieved, provided, however, that his Annual Bonus shall not exceed an amount (the "Annual Bonus Cap") equal to 50% of his base salary for such year.

  • Each quarter will be evaluated independently and the quarterly bonuses, after applying the Quarterly Bonus Cap, will be added to calculate the maximum annual bonus (the “Total Adjusted Quarterly Accrual”).

  • When the defined goals are exceeded, the Executive shall be eligible to receive an additional bonus in an amount to be determined by the Board in its sole discretion, but not subject to the Bonus Cap described above.

  • Team Cycle Bonus Cap Each week, up to 35% of the total Company BV is set aside for Team Cycle Bonus payouts.

  • In the event that the sum of all Additional Bonuses payable to the SHH Officers computed without regard to the Bonus Cap Amount would exceed the Bonus Cap Amount, M▇.

  • The Executive and the Company acknowledge and agree that the Minimum Bonus, the Target Bonus, and the Bonus Cap were freely negotiated, entered into and an agreed upon portion of the total consideration between them as part of both the Company’s desire to retain the Executive during the Term as well as the Executive’s desire to work for the Company during the Term.

  • Seller may make changes to such list after the date of the Agreement, so long as the aggregate amount of Pre-Closing Retention Bonuses to be paid by Purchaser does not, without Purchaser’s prior consent, exceed the Seller Retention Bonus Cap.