Bonus Provision definition

Bonus Provision means monies available for distribution as a Bonus Award as the result of the operation of this Plan.
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Examples of Bonus Provision in a sentence

  • The three (3) days of regular sick leave, taken prior to receiving "high risk" sick leave, shall not count against an employee for purposes of calculating "sick leave used" under the Sick Leave Incentive Bonus Provision.

  • KS or its affiliates will construct three hundred sixty-one (361) affordable housing units within the Project and that certain earlier portion of the Gasworx project that was approved pursuant to Ordinance No. 2022-11 (the “Phase 1 Ordinance”), all as more fully set forth in the site plan adopted by the Phase 1 Ordinance and the City of Tampa Bonus Provision Agreement entered into between the City and KS that is recorded as Instrument No. 2022475366 in the Official Records of Hillsborough County, Florida.

  • The three (3) days of regular sick leave, taken prior to receiving “high risk” sick leave, shall not count against an employee for purposes of calculating “sick leave used” under the Sick Leave Incentive Bonus Provision.

  • EMPLOYMENT AGREEMENT MODIFICATION #1 The AGREEMENT dated and effective the 2nd day of January 1993, between Open Solutions Inc., a Delaware corporation, with a place of business at 330 ▇▇▇▇▇▇▇ ▇▇▇▇, Vern▇▇, ▇▇nnecticut 06066 ("Employer") and Grah▇▇ ▇▇▇▇▇▇, ▇▇dividually, with a residence at 64 D▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇ ("▇mployee") is modified as follows: Schedule A is modified such that the reference to one third (1/3) in the Bonus Provision thereof shall read one half (1/2).

  • The Bonus Provision of Paragraph 2 of Amendment One and Section 5 of the original Agreement are hereby deleted.

Related to Bonus Provision

  • Bonus Plan means the Company’s management incentive plan or such other annual bonus plan in existence at the applicable time.

  • Further Competition Award Criteria means the award criteria set out in Part B of Framework Schedule 6 (Award Criteria);

  • Bonus means the bonus described in the Section 2.3.

  • Optional Deferral Provision means, as to any Qualifying Capital Securities, a provision in the terms thereof or of the related transaction agreements to the effect that:

  • Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of any distributions per Unit of that Class during the Performance Bonus Term exceeds $28.00.