Bonus Event definition

Bonus Event means either of a Trigger Event or a Partial Trigger Event Termination.

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Bonus Event means Employer has achieved net income from operations during the month of January, 1999 of $1,831,327 or more, as determined in accordance with generally accepted accounting principles. The Deferred Bonus means the sum of (x) $50,000 and (y) the product of $8,333 multiplied by the number of months between and including July 1998 through December 1998 that Employee's Base Salary is $140,000 rather than $240,000 per annum as specified herein. The Deferred Bonus shall be paid in one lump sum (less any required withholding) promptly following the calculation of whether Employer has satisfied the Bonus Event.

Bonus Event has the meaning set forth in Section 1.9(g).

Examples of Bonus Event in a sentence

• In the event any of the additional amounts payable in the event of a Bonus Event correspond to a Milestone Event that has been achieved prior to the occurrence of the Bonus Event, then such additional amounts shall be payable upon achievement of the Bonus Event.

• This additional 1B Bonus Event Stock, commencing with a Two Billion USD Company MCV and each additional 1B Company MCV increase, beyond Two Billion USD, will be issued within 30 days of the Bonus Event, or at a later date as requested by the Executive, and held as an allocation to the Executive, until the requisition date as provided in writing, by the Executive, to the Company.

• AstraZeneca will give Regulus written notice within 10 Business Days of the occurrence of a Bonus Event.

• The fee is calculated and payable within 30 days of completion of the Capital Gains Bonus Event.

• After receiving such written notice, Regulus shall submit an invoice to AstraZeneca for the amount owed to Regulus in connection with the Bonus Event as described in this Section 6.2, and AstraZeneca will pay Regulus the amount within 45 Business Days after receipt of an invoice (which conforms to the applicable requirements of Appendix 5 as described below) from Regulus following achievement of the Bonus Event.

• This 50M Bonus Event Stock will be issued as (i) 50% restricted shares within 30 days of the respective 50M Bonus Event or at a later date as requested by the Executive, and held as an allocation to the Executive, until the requisition date as provided in writing, by the Executive, to the Company, and (ii) 50% registered shares from the Company’s current active Incentive Plan within 30 days of the respective 50M Bonus Event.

• Important additional information regarding Activity and Bonus Event types, qualifications, and amount of points earned, is contained in the Guide.

• This 1B Bonus Event Stock will be issued within 30 days of the 1B Bonus Event or at a later date as requested by the Executive, and held as an allocation to the Executive, until the requisition date as provided in writing, by the Executive, to the Company.

• If no Retention Bonus Event shall have occurred by May 1, 2005, then the Corporation shall be under no obligation to pay the Retention Bonus.

• Any bonus payable pursuant to this Section 2 shall be in addition to all other salary, benefits and other amounts accrued to, vested in or earned by Employee upon the occurrence of the Bonus Event.

More Definitions of Bonus Event

Bonus Event means (i) merger or consolidation of the Company with another corporation where, as a result of such merger or consolidation, less than 75% of the outstanding voting securities of the surviving or resulting corporation shall then be owned by the stockholders of the Company immediately prior to such merger or consolidation; or (ii) a transfer of all or substantially all of the Company’s assets to another entity that is not a wholly-owned subsidiary of the Company.

Bonus Event means any of a JV Transaction, Lease Transaction, or a Sale Transaction.