Contract Bonus definition

Contract Bonus means the amount of compensation received by a Participant which is designated as a bonus in an employment contract with a Participant and is not subject to the Employer's discretion.
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Examples of Contract Bonus in a sentence

  • FIRST METLIFE INVESTORS INSURANCE COMPANY DEFERRED ANNUITY CONTRACTS -------------------------- VA Class Contract (Standard Contract, 7-year surrender charge schedule) XC Class Contract (Bonus Contract, 9-year surrender charge schedule) AA Class Contract (Standard Contract, 7-year surrender charge schedule, ▇.

  • METLIFE INVESTORS INSURANCE COMPANY DEFERRED ANNUITY CONTRACTS -------------------------- VA Class Contract (Standard Contract, 7-year surrender charge schedule) XC Class Contract (Bonus Contract, 9-year surrender charge schedule) AA Class Contract (Standard Contract, 7-year surrender charge schedule, ▇.

  • If the Executive terminates his employment with the Company during the Term, he will not be entitled to any subsequent Contract Bonuses and must repay the most recent Contract Bonus paid to him less a prorated amount of such Contract Bonus equal to the period of employment since the date the Contract Bonus was earned.

  • On December 28th, 2017 the Contract "Bonus Agreement for Product Purchase" was concluded between the Parties (hereinafter referred to as „the Contract“).

  • Within 30 days after the end of each Year, Party A shall inform Party B in written form the due amount of bonus payable for the previous Year in accordance with this Contract ("Bonus Notice").

  • The Executive shall receive a bonus (a "Bonus") on account of service to the Company during any calendar year commencing with 2003 in an amount equal to the greater of (i) the bonus computed pursuant to this Section 3.2 (the "Contract Bonus") and (ii) any award pursuant to the Bonus Plan, to be paid in the next following year on the earlier to occur of (A) March 15th and (B) the date on which the Company pays bonuses to officers generally.

  • Unless Executive's right to receive the Contract Bonus is terminated in accordance with Section 1.4 hereof, Executive's right to receive one-half of the Contract Bonus shall accrue on December 13, 1998 (the "First Accrual Date") and Executive's right to receive the remaining one-half of the Contract Bonus shall accrue upon expiration of the Contract Bonus Period (the "Second Accrual Date").

  • You (or in the event of your death, your beneficiary) will receive a cash lump-sum payment equal to the dollar value of the amounts earned for a Contract Bonus within 30 days following the Company entering into such Signed, Expanded or Extended Contract.

  • Deferred Annuity Contracts -------------------------- VA Class Contract (Standard Contract, 7-year surrender charge schedule) XC Class Contract (Bonus Contract, 9-year surrender charge schedule) AA Class Contract (Standard Contract, 7-year surrender charge schedule, ▇.

  • If the Executive terminates his employment with the Company within the first 12 months of the Term, he must repay the Contract Bonus less a prorated amount of such Contract Bonus equal to the period of employment since the Effective Date.

Related to Contract Bonus

  • 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.

  • Bonus means the bonus described in the Section 2.3.

  • Target Bonus means Executive’s annual (or annualized, as applicable) target bonus in effect immediately prior to Executive’s Qualifying Termination or, if Executive’s Qualifying Termination occurs during the Change in Control Period and the amount is greater, Executive’s annual (or annualized, if applicable) target bonus in effect immediately prior to the Change in Control.

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

  • Cash Bonus means an award of a bonus payable in cash pursuant to Section 10 hereof.