Bonus Cash definition
Examples of Bonus Cash in a sentence
The maximum total EBITDA Bonus payable under this Plan is 200% of the Target EBITDA Bonus (Cash and Stock Options), payable upon achievement of 140% of the EBITDA Target (i.e., $125,000 in cash and an EBITDA Bonus stock option with a Black-Scholes value of $62,500 in the event of a base salary of $250,000).
All grants of the Initial Class D Common Unit, Guaranteed Bonus Cash Distributions and Bonus Class D Common Units hereunder shall be conditionally granted subject to the Limited Partner's compliance with the covenants set forth in Section 2.13(b)(i) (as modified hereunder) and Section 2.13(b)(ii) of the Limited Partnership Agreement.
Any Guaranteed Bonus Cash Distribution shall be made to the Limited Partner as described in this Section 2(b) on or before January 15 of the year immediately following the fiscal year to which such Guaranteed Bonus Cash Distribution relates.
For all purposes of the Letter, as amended, the term Fundamental Transaction Compensation shall mean the sum of: (i) all Owed Amounts to which Employee is entitled to; (ii) one (1) times the 2016 Base Cash Compensation; and (iii) one (1) times the total Incentive Bonus Cash Compensation (as defined in Second Amendment) earned by Employee, regardless whether paid to Employee, from January 1, 2015 through December 31, 2015.
All options earned will remain in force, and all Annual Bonus Cash and Annual Bonus Shares earned will be determined at the end of the year in which the Written Notice is effective and pursuant to a pro-rata formula based upon the time that had expired in that year prior to the effective date of the Written Notice.
Och, the Partner Management Committee) in his or their sole discretion may amend the provisions of this Agreement relating to Guaranteed Bonus Cash Distributions or Bonus Class D Common Units, or the terms of any such awards that have been granted, in whole or in part, at any time, if it determines in its sole discretion that the adoption of any such amendments are necessary or desirable to comply with applicable law.
Any Guaranteed Bonus Cash Distribution may be made as a distribution of Net Income allocated to a Class C Non-Equity Interest in accordance with the Limited Partnership Agreement or pursuant to a different arrangement structured by the General Partner in its sole discretion.
If the amount of the Annual Bonus Cash Portion originally determined in respect of a Target Year exceeds the amount of the Trued-Up Annual Bonus Cash Portion in respect of such Target Year, then the amount of such excess shall be offset against and reduce dollar-for-dollar (whether or not Executive is then employed by the Company) the aggregate amount of Retained Cash Bonuses then or thereafter held by the Company.
Target Bonus: Cash or stock bonus in such amounts as to be determined by the Board of Directors or compensation committee of the Board of Directors.
The bank is entitled, for any reason and at any time, without liability or prior notice, to suspend the calculation or accrual of Bonus Cash, to rectify any errors in the calculation, or otherwise adjust such calculation.