Bonus Value definition
Bonus Value means all consideration payable by or on behalf of an assignee to Permittee (including key money, bonus money and any payment in excess of fair market value for (i) services rendered by Permittee to or on behalf of an assignee or (ii) for assets, fixtures, inventory, equipment, furniture or improvements transferred by Permittee to or on behalf of an assignee in connection with an assignment). Such consideration shall be allocated between the Assigned Space described in Paragraph D of this Permit (excluding any improvements constructed by Permittee thereon), and the improvements constructed by Permittee pursuant to Section 1(2), based on their respective fair market rental value at the time of the assignment, as agreed to in writing by the parties; provided, however, that if the parties have not reached such agreement within thirty (30) days after the Port’s written request, then the fair market rental value shall be determined as follows: Each party, at its cost and by giving notice to the other party, shall appoint a real estate appraiser with experience appraising airport property to appraise and submit an opinion separately stating the fair market rental value of the Assigned Space (excluding any improvements constructed thereon by Permittee) and the fair market rental value of such improvements. If a party does not appoint an appraiser within ten (10) days after the other party has given notice of the name of its appraiser, the single appraiser appointed shall be the sole appraiser and that appraiser’s opinion of the fair market rental value of the Assigned Space and the improvements shall be conclusive on the parties. If the two appraisers are appointed by the parties as stated in this subsection, they shall meet promptly and attempt to select a third appraiser meeting the qualifications stated in this subsection within ten (10) days after the last day the two appraisers are appointed. If they are unable to agree on the third appraiser, either of the parties to this Permit by giving ten (10) days’ written notice to the other party may apply to the American Arbitration Association for the selection of a third appraiser who meets the qualifications stated in this Permit Each of the parties shall bear one-half of the cost of appointing the third appraiser and one-half of the third appraiser’s fee. The third appraiser, however selected, shall be a person who has not previously acted in any capacity for either party. Within sixty (60) days after the select...
Bonus Value means the figure by which the area of the facility or matter provided on a lot is multiplied to obtain the bonus floor area. (By-law 92-232, S.3[e])
Bonus Value means the difference between the rent then payable pursuant to this Lease and the rate established by the condemning authority as an award for condemnation purposes (but only if higher than the rent then payable pursuant to this Lease). Tenant shall also be entitled to recover from the condemning authority any award or compensation attributable to the taking or purchase of Tenant's property, chattels or trade fixtures, or attributable to Tenant's relocation expenses.
Examples of Bonus Value in a sentence
The Company shall pay to the Grantee the Deferred Bonus Value accrued in connection with any unvested Stock Units on the fifth business day after the date on which such unvested Stock Units vest, subject to applicable tax withholding.
The Company shall pay to the Grantee the Deferred Bonus Value accrued in connection with any unvested Stock Units on the fifth business day after the date on which such unvested Stock Units vest, subject to applicable Tax withholding.
Longevity Bonus After Passing Anniversary Date (i.e. Hiring Date) Bonus Value 10th Anniversary $1000 15th Anniversary $1500 20th Anniversary $2000 In order to implement this new longevity benefit, by December 1st, 2021, the Employer shall pay out the longevity bonuses to each employee whose anniversary date falls in- between the 10th, 15th and 20th year steps.
Notwithstanding any other provision in this section, Landlord shall not be entitled to any Bonus Value or other consideration received by Tenant arising out of any Colocation Agreement.
All commissions are based on Bonus Value (BV), which is retail price for any item less cost to Company of selling or providing the product.
More Definitions of Bonus Value
Bonus Value shall have the meaning set forth in subsection 7.7.3.
Bonus Value means the then present value of the excess, for the duration of this Sublease, of the fair market ground rent attributable to a Sublessee’s Condominium over the Ground Rent which would have been attributable thereto.
Bonus Value means consideration or compensation paid or payable under or by virtue of any Transfer, immediately or over the aggregate of the Term, directly or indirectly exceeding that paid or payable by Tenant under the Lease (less expenses for verifiable and reasonable costs for tenant improvements, lease concessions, value of Tenant’s trade fixtures and special equipment conveyed in connection with the Transfer). If Tenant receives any Bonus Value during the Term of this Lease or in case of the sublease of a portion of the Premises in excess of such rent that is fairly allocable to such portion, Tenant shall pay City fifty percent (50%) of the difference between each such payment of sublease rent or other consideration and the Rent required hereunder.
Bonus Value means the privilege awarded to the Principal new Co-Branded Cardholder in respect to their card type. Gold Cardholders will be entitled to RM60 and Platinum Cardholders will be entitled to RM100 worth of Bonus Value.
Bonus Value means all consideration payable by or on behalf of an assignee to Permittee (including key money, bonus money and any payment in excess of fair market value for
Bonus Value means the aggregate value to a Participant for a calendar quarter for all Bonus Units credited to such Participant’s Vested Account equal to the product of (i) the Distribution Amount determined with respect to each Adjustment Event occurring in such calendar quarter, multiplied by (ii) the number of Bonus Units standing to the credit of the Participant’s Vested Account at the time of such Adjustment Event.
Bonus Value means consideration or compensation paid or payable under or by virtue of any Transfer, immediately or over the aggregate of the Term, directly or indirectly exceeding that paid or payable by Tenant under the Lease (less expenses for verifiable and reasonable costs for tenant improvements, lease concessions, value of Tenant’s trade fixtures and special equipment conveyed in connection with the Transfer). If Tenant receives any Bonus Value during the Term or in case of the sublease of a portion of the Premises in excess of such rent that is fairly allocable to such portion, Tenant shall pay City one hundred percent (100%) of the difference between each such payment of sublease rent or other consideration and the Rent required hereunder. Accordingly, all such Bonus Value shall belong exclusively to and be paid or payable to City as additional rent hereunder. Such additional amounts shall not affect or reduce any other obligation of Tenant to pay Rent under this Lease. Notwithstanding anything to the contrary herein, Tenant shall be entitled to charge an approved subtenant an administration fee equal to no more than 15% of the Rent payable by Tenant hereunder, and such administration fee shall not be deemed “Bonus Value.”