Conversion Bonus definition
Examples of Conversion Bonus in a sentence
Any Player forced to move as a result of being claimed in an expansion draft, or as a result of a team relocation, shall be paid $6,000.
Within *** after the full execution of the Corporate Incentive Agreement, Travelport will pay OFB a preliminary Conversion Bonus calculated as follows: *** x (number of segments booked by the Converted Corporate Account in the *** prior to the Corporate Incentive Agreement per a booking report of the prior GDS (“Estimated Converted Bookings”)).
The Integration and Conversion Bonus is in addition to and not in lieu of potential annual bonuses under the Executive Incentive Compensation Plan.
Within (***) after the full execution of the Corporate Incentive Agreement, Travelport will pay OFB a preliminary Conversion Bonus calculated as follows: $(***) x (number of segments booked by the Converted Corporate Account in the (***) prior to the Corporate Incentive Agreement per a booking report of the prior GDS (“Estimated Converted Bookings”)).
If the Term extends beyond the Second Anniversary pursuant to Section 2 hereof, upon termination of the Extended Term, the Company shall determine the run rate synergies achieved on the termination date of such Extended Term and shall pay an amount equal to the corresponding Conversion Bonus less the amount of the First Anniversary Bonus Payment and the Second Anniversary Payment.
Promptly following the Second Anniversary, the Company shall determine the run rate synergies achieved on the Second Anniversary and shall pay Executive an amount equal to the corresponding Conversion Bonus less the amount of the First Anniversary Bonus Payment (the “Second Anniversary Bonus Payment”).
Promptly following the first anniversary of the Effective Date (the “First Anniversary”), the Company shall determine the run rate synergies achieved on the First Anniversary and shall pay Executive the corresponding Conversion Bonus (the “First Anniversary Bonus Payment”).
Except for Article 3 (Manner of Converting Shares), Sections 7.9 (Employee Benefits and Contracts), 7.10 (Conversion Bonus Plan), and 7.12 (Indemnification), this Article 9 (Termination) and Article 10 (Miscellaneous), the respective representations, warranties, obligations, covenants, and agreements of the Parties shall not survive the Effective Time.