Closing Date Compensation definition

Closing Date Compensation means all transaction-related closing and similar bonuses, the amount of which is deposited by Buyer with the Company on the Closing Date pursuant to Section 2.3(f), to be paid by the Company on the Closing Date.
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Closing Date Compensation shall have the meaning set forth in Section 4.2.
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Examples of Closing Date Compensation in a sentence

  • On the Closing Date, Buyer shall deposit, by wire transfer, the Closing Date Compensation directly with the Company, as directed by the Company.

  • The licencee shall not work and carry on or allowed to be worked or carried on at any point within a distance of 45 meters from any national and State highway, railway line and any public place etc.

  • On the Closing Date, Buyer shall deposit, by wire transfer, the Closing Date Compensation directly with theCompany, as directed by the Company.

  • Either Dex, SGN or both may (but neither will be obligated to) increase compensation for one or more members of the Management Team, but neither may decrease its compensation payments to less than 57% of the Closing Date Compensation (in Dex's case) or less than 43% of the Closing Date Compensation (in SGN's case).

  • Each member of the Management Team will continue to receive no less compensation than he or she received from Dex as of the Closing (the "CLOSING DATE COMPENSATION"), with Dex paying no less than 57% of the Closing Date Compensation and with SGN paying no less than 43% of the Closing Date Compensation.

  • At Closing, Buyer shall pay the Stay Bonus Amount directly to Pecos in order to permit it to fund its obligations under that Closing Date Compensation Letters.

  • Pecos agrees to fund the Stay Bonus Amount contemplated by the Closing Date Compensation Letters on the Closing Date, if (but only if) required by the terms thereof.

  • The Transaction Expenses (including the Closing Date Compensation) and the 2012 Tax Distributions, shall be deducted from the Cash Purchase Price as indicated by Section 2.3(a) above.

Related to Closing Date Compensation

  • Special compensation means payment to an adult foster care facility to ensure the provision of a specialized program in addition to the basic payment for adult foster care. Special compensation does not include payment received directly from the Medicaid program for personal care services for a resident, or payment received under the supplemental security income program.

  • Termination Compensation means a monthly cash amount equal to one-twelfth ( 1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • Additional Compensation has the meaning set out in Section 13.3(1).

  • Base Compensation means the amount equal to the sum of (i) the greater of Executive’s then-current Annual Base Salary or Executive’s Annual Base Salary as of the date one day prior to the Change in Control, and (ii) the Average Incentive Bonus.

  • Basic Compensation means Salary and Benefits.

  • Closing Date Payment has the meaning set forth in Section 2.04(a)(i).

  • Cash Compensation means any discount, concession, fee, service fee, commission, sales charge, loan, override, or cash benefit received by a producer in connection with the recommendation or sale of an annuity from an insurer, intermediary, or directly from the consumer.

  • Annual Cash Compensation means the sum of (a) the highest annual Base Salary in effect for the Executive and (b) the greater of (i) the Executive’s bonus for the most recently-completed year (excluding any special bonuses awarded for performance after the conclusion of the performance period), if any, or (ii) the annualized amount of the Executive’s target bonus for the then current year.

  • Severance Compensation means the compensation set forth in (i), (ii), and (iv) above.

  • Reasonable compensation means, with respect to a regularly employed officer or employee of any person, compensation that is consistent with the normal compensation for such officer or employee for work that is not furnished to, not funded by, or not furnished in cooperation with the Federal Government.

  • Closing Date Term Loans as defined in Section 2.1.

  • Non-cash compensation means any form of compensation that is not cash compensation, including, but not limited to, health insurance, office rent, office support and retirement benefits.

  • Closing Date Term Loan has the meaning specified in Section 2.01(a).

  • Additional Servicing Compensation means any servicing compensation (other than Servicing Fees, Special Servicing Fees, Workout Fees or Liquidation Fees) that any Servicer is entitled to retain under the Servicing Agreement.

  • Final Salary means the average annual salary for service for which

  • Creditable compensation means the full compensation payable annually to an employee working

  • Earnable compensation means the full rate of the

  • Final compensation of a member means:

  • Closing Date Cash has the meaning specified in Section 3.4(a).

  • Total Compensation means the cash and noncash dollar value earned by the executive during the Subcontractor’s preceding fiscal year and includes the following (for more information see 17 CFR 229.402(c)(2)):

  • Cancellation Compensation means an amount payable by a Participating Dealer in respect of a default, as set out in the Trust Deed and in the Operating Guidelines applicable at the time the relevant Creation Application or Redemption Application is made.

  • Severance Costs means the costs which the employers are legally obliged to pay to or in respect of the Crew as a result of the early termination of any employment contract for service on the Vessel.

  • Servicing Compensation With respect to each Distribution Date, the sum of (i) the aggregate Servicing Fee for such Distribution Date subject to reduction as provided in Section 3.17, (ii) any Ancillary Income, (iii) Excess Proceeds for the preceding month and (iv) the Servicer Custodial Account Reinvestment Income for such Distribution Date.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Non-Cash Compensation Expense means any non-cash expenses and costs that result from the issuance of stock-based awards, partnership interest-based awards and similar incentive based compensation awards or arrangements.