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

  • Under his employment agreement, Mr. Schmidt received Legacy Lordstown Options pursuant to the 2019 Plan for 1% of outstanding Legacy Lordstown common stock on a fully diluted basis, and his agreement had an Anti-Dilution Provision and a Deferred Cash Bonus Provision.

  • Such amendment terminated the Anti-Dilution Provision and the Deferred Cash Bonus Provision on the day immediately preceding the date of the Business Combination, and provided that Mr. Canepa is not entitled to receive or be issued any stock options or deferred cash bonus awards pursuant to the Anti-Dilution Provision and the Deferred Cash Bonus Provision, respectively.

  • Such amendment terminated the Anti-Dilution Provision and the Deferred Cash Bonus Provision on the day immediately preceding the date of the Business Combination, and provided that Mr. Schmidt is not entitled to receive or be issued any stock options or deferred cash bonus awards pursuant to the Anti-Dilution Provision and the Deferred Cash Bonus Provision, respectively.

  • In the case of development projects utilizing the Open Space Bonus Provisions found in Section G above, and/or the Bonus Provision for Creation of New Rights-of-Way found in Section B.3 below, Floor Area Ratios shall assume 100% coverage at the ground floor, 85% coverage for floors 2 thru 8, and 75% coverage for floors 9 and above, however, waivers from these assumptions that allow for greater coverage may be considered provided, however, that Building Design Requirements found under VII A.

  • Waivers from the building coverage assumptions found in B.1 above shall be considered for any project seeking additional floors to utilize the Open Space Bonus Provision and /or the Bonus Provision for Creation of New Rights-of-Way, provided, however, that Building Design Requirements found under VII A.

  • In the event that the Open Space Bonus Provision found at Section VII.G.1 and /or the Bonus Provision for Creation of New Rights-of-Way found at Section VIII.B.3 shall apply, the development project may, as-of-right, exceed the maximum allowable height for the applicable district shown in the table below by the exact number of stories and floor area, rounded to the nearest whole number, necessary to achieve the Open Space Bonus Provision and /or the Bonus Provision for Creation of New Rights-of-Way.

  • Once the allowable development rights have been calculated using the above standard, any development project within the Area shall be permitted to exceed the maximum allowable building height for the applicable district by the exact number of stories and floor area, rounded to the nearest whole number, necessary to achieve the Open Space Bonus and/or the Bonus Provision for Creation of New Rights-of-Way (as provided under Section VIII.B.3. of this Plan).

  • Any application for development on Block 22103/1293, lot 1/ 55 may include a plan to develop a public park on the easternmost “remainder” of the lot, after subdivision and creation of a new right-of-way at the eastern boundary of the lot between Fisk Street and Carbon Place (see VIII.B.3. Bonus Provision for Creation of New Rights-of-Way below).

  • Amenities Bonus Provision This provision allows an increase in the maximum permitted density of 15% in only the RU, RM, RMH, RH, CO-1 & 2, CG-2, and CR-2 land use zoning districts.

  • PROVISIONSProvision for Employee Benefits:- Gratuity- Bonus Provision for Income Tax(Net of TDS / Advance Tax / MAT Credit)Total 7761.55 6782.247761.556782.24 662.12 150.399967.309289.64 10629.42 9440.03 1512.50 -1617.00-12.0913.421263.801782.84183.35211.031163.031263.685751.773270.97 40.13 71.86164.65151.52264.30118.78 469.08 342.16 NOTES FORMING PART OF STANDALONE FINANCIAL STATEMENTS 31st March 2019 (` in lakhs)31st March 2018 (` in lakhs)18.

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 2 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 all distributions per Unit of that Class during the Performance Bonus Term exceeds $25.00.

  • Performance Agreement means an agreement between an HSP and its CEO that requires the CEO to perform in a manner that enables the HSP to achieve the terms of this Agreement and any additional performance improvement targets set out in the HSP’s annual quality improvement plan under the Excellent Care for All Act, 2010;

  • Performance Award Agreement means a written agreement between the Company and a Holder with respect to a Performance Award.

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Annual Bonus shall have the meaning set forth in Section 4(b) below.

  • Terms and Conditions of Employment means the hours of employment, the compensation therefore including fringe benefits, and the employer's personnel policies affecting the working conditions of the employees.

  • Bonus Amount means the greater of (i) the average annual incentive bonus earned by Executive from the Company (or its affiliates) during the last three (3) completed fiscal years of the Company immediately preceding Executive’s Date of Termination (annualized in the event Executive was not employed by the Company (or its affiliates) for the whole of any such fiscal year), and (ii) the Executive’s target annual incentive bonus for the year in which the Date of Termination occurs.

  • Retention Bonus means the amount equal to:

  • Deferred Compensation Agreement means an agreement to participate and to defer compensation between a Participant and the Company in such form and consistent with terms of the Plan as the Company may prescribe from time to time.

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

  • Recoverable Incentive Compensation means Incentive Compensation received by a Covered Officer during the Lookback Period that exceeds the amount of Incentive Compensation that would have been received had such amount been determined based on the Accounting Restatement, computed without regard to any taxes paid (i.e., on a gross basis without regard to tax withholdings and other deductions). For any compensation plans or programs that take into account Incentive Compensation, the amount of Recoverable Incentive Compensation for purposes of this Policy shall include, without limitation, the amount contributed to any notional account based on Recoverable Incentive Compensation and any earnings to date on that notional amount. For any Incentive Compensation that is based on stock price or TSR, where the Recoverable Incentive Compensation is not subject to mathematical recalculation directly from the information in an Accounting Restatement, the Administrator will determine the amount of Recoverable Incentive Compensation based on a reasonable estimate of the effect of the Accounting Restatement on the stock price or TSR upon which the Incentive Compensation was received. The Company shall maintain documentation of the determination of that reasonable estimate and provide such documentation to the Exchange in accordance with the Listing Standards.

  • Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award Agreement.

  • Incentive agreement means the contract between the business

  • RSU Award Agreement means a written agreement between the Company and a holder of a RSU Award evidencing the terms and conditions of a RSU Award grant. The RSU Award Agreement includes the Grant Notice for the RSU Award and the agreement containing the written summary of the general terms and conditions applicable to the RSU Award and which is provided to a Participant along with the Grant Notice. Each RSU Award Agreement will be subject to the terms and conditions of the Plan.

  • Severance Agreement means the Key Executive Severance Agreement, dated as of the date hereof, between the parties, as it may be amended from time to time, that provides for certain benefits related to termination of the Executive’s employment that are unrelated to a Change of Control.

  • Employment Agreement has the meaning specified in the recitals to this Agreement.

  • Sub-grant Agreement means an agreement entered into, or proposed to be entered into, between the Bank and a Sub-grant Recipient; and

  • Change in Control Severance Benefits means the benefits payable pursuant to Section 3 of this Agreement.

  • Arrangement Provisions means Part 9, Division 5 of the BCBCA;

  • Target Bonus Amount means Executive’s target annual bonus amount in effect at the time of Executive’s Qualifying Termination (disregarding any decrease in such target annual bonus amount that constitutes a Good Reason event).

  • Incentive Compensation Plan means any plan, agreement or other arrangement that provides for the grant or issuance of equity or equity-based awards and that is now in effect or is hereafter adopted by the Company or the Managing Member for the benefit of any of their respective employees or other service providers (including directors, advisers and consultants), or the employees or other services providers (including directors, advisers and consultants) of any of their respective Affiliates or Subsidiaries.

  • Change in Control Agreement means a written Change in Control Agreement between an employee and the Company or an Affiliate.