Bonus Liability definition

Bonus Liability means the aggregate amounts payable pursuant to the Bonus Agreements dated as of April 21, 1998 among the Company, Mfg. Co. and each of Benj▇▇▇▇ ▇. ▇▇▇m, Robe▇▇ ▇. ▇▇▇▇▇▇ ▇▇▇ Jerr▇ ▇. ▇▇▇▇▇▇ ▇▇ a result of the transactions contemplated by this Agreement.
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Bonus Liability means the $30,000 cash bonus to be paid to Carol Rehtmeyer and the $30,000 cash bonus to be paid to L. Jane Ludw▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇ng.
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Examples of Bonus Liability in a sentence

  • At the Closing, I-trax shall provide the Surviving Corporation with Cash sufficient to fully pay the Larry Jensen Redemption Amount, the Bonus Liability and the Transacti▇▇ ▇▇▇▇▇▇▇▇▇nal Fees which amounts shall be paid at and as part of the Closing.

  • The Guarantors shall procure that the Employee Tax Liability and Other Transaction Bonus Liability is (where relevant) deducted from such payment of the Success Sharing Plan Milestone, Transaction Bonuses and that the Employee Tax Liability and the Other Transaction Bonus Liabilities are accounted for by the relevant member(s) of the Group to the relevant Tax Authority or other person or entity within the time limits required by law.

  • The Closing Financial Statements include reserves sufficient to pay in full the Accrued 2004 Bonus Liability.

  • For the avoidance of doubt, the parties agree that the Tax deduction attributable to the payment of the Closing 2016 Bonus Liability shall be claimed by the Company Entities on their Form 1065 for 2016 or the period that ends on the Closing Date, as determined by the Sellers’ Representative, and that such deduction shall not be claimed by Buyer or any of its Affiliates in any Post-Closing Tax Period.

  • As of the Closing Date, the Company shall ensure that the Company Entities hold Closing Cash in an amount (x) at least equal to the Closing Bonus Liability and (y) not materially greater than the sum of the estimated Closing Bonus Liability set forth in the Estimated Closing Statement plus the estimated amount of any Closing Transaction Expenses set forth in the Estimated Closing Statement.

  • At the Closing, I-trax shall provide the Surviving Corporation with Cash sufficient to fully pay the ▇▇▇▇▇ ▇▇▇▇▇▇ Redemption Amount, the Bonus Liability and the Transaction Professional Fees which amounts shall be paid at and as part of the Closing.

  • Buyer shall assume and honor all liabilities and ------------ obligations of Seller under the retention bonus arrangement with the Transferred Employees described in Schedule 3.9(b)(ii) and shall be solely liable for such bonuses (the "Retention Bonus Liability").

  • Closing Date Vacation Liability Estimated Amount and the Closing Date Bonus Liability Estimated Amount shall be the vacation and bonus amounts earned by employees of the Station as of the last day in the latest full month preceding the Closing Date, respectively.

  • Pursuant to the provisions of Sections 3.1 and 3.2, Seller shall remit to Buyer 75 percent of the Accrued Retention Bonus Liability attributable to the Former Ericsson Employees identified on Schedule 2.5(c)(1) and 100 percent of the Accrued Retention Bonus Liability attributable to the Former Ericsson Employees identified on Schedule 2.5(c)(2) (collectively, "Seller’s Accrued Retention Bonus Liability").

Related to Bonus Liability

  • Maximum Liability has the meaning assigned to such term in Section 10.10.

  • Maximum Potential Additional Dividend Liability, as of any Valuation Date, means the aggregate amount of Additional Dividends that would be due if the Corporation were to make Retroactive Taxable Allocations, with respect to any fiscal year, estimated based upon dividends paid and the amount of undistributed realized net capital gains and other taxable income earned by the Corporation, as of the end of the calendar month immediately preceding such Valuation Date and assuming such Additional Dividends are fully taxable.

  • Eligible Liabilities and “Special Deposits” have the meanings given to them from time to time under or pursuant to the Bank of England Act 1998 or (as may be appropriate) by the Bank of England;

  • BRRD Liability means a liability in respect of which the relevant Write Down and Conversion Powers in the applicable Bail-in Legislation may be exercised.

  • MREL Eligible Liabilities means “eligible liabilities” (or any equivalent or successor term) which are available to meet any MREL Requirement (however called or defined by then Applicable MREL Regulations) of the Issuer under Applicable MREL Regulations;