Deal Bonus definition
Examples of Deal Bonus in a sentence
Upon and after such termination, all obligations of the Company under this Agreement shall cease, provided however, that any Deal entitling Executive to the Deal Bonus, drafts of which have already been prepared prior to termination of Executive’s employment, and which is executed within ninety (90) days of Executive’s termination hereunder shall entitle Executive to receive the Deal Bonus under Section 2.2.2 above.
A Deal Bonus shall be paid in full within five (5) business days after the closing of the applicable Acquisition.
If the Executive remains continuously employed with the Company until the Deal Execution Date, the Executive shall be entitled to receive the Deal Bonus on the Deal Closing Date even if the Executive’s employment is terminated prior to the Deal Closing Date (unless the Executive’s employment has been terminated by the Company for Cause).
The following sentence is added as the last sentence of Paragraph 2 of Schedule A to the Agreement: “Solely with respect to the year 2007, Employee’s target bonus with respect to the eCollege bonus plan based on results of operations shall be 40%, and Employee shall be entitled to participate in the Datamark Deal Bonus Plan established by the Compensation Committee of eCollege’s Board of Directors.
In addition, notwithstanding anything in the Employment Agreement or this Amendment to the contrary, Employee shall remain eligible to receive the “Deal Bonus” provided for in the Deal Bonus Agreement entered in between Employee and CyrusOne in accordance with its terms.
To qualify for the Deal Bonus, the Executive must remain continuously employed with the Company until the Deal Execution Date.
If earned, the Deal Bonus shall be paid in a lump sum within fifteen (15) days of the closing of a Change of Control event.
In the event Employee is terminated without cause after Employer has reached an agreement in principle for a Transaction, Employer shall pay to Employee on the date of termination (as defined in paragraph 7), or as soon thereafter as fiscally practicable, but in no event later than the effective date of Employer's plan of reorganization, an amount equal to the Deal Bonus defined in paragraph 6 of this Agreement.
Any earned portion of the Deal Bonus will be paid within ten days following the applicable Vesting Date.
The transportation enhancements funds which are the subject of this Agreement are for the project at the following location: Construction of 10-foot wide multi-use path along N Cheyenne Rd and North Street from ▇▇▇▇▇▇▇ Elementary and Cheyenne Valley Subdivision on North Road.