Deferred Bonus Scheme definition

Deferred Bonus Scheme means any arrangement pursuant to the terms of which the participant(s) may receive an award of any asset (including cash or any security) in respect of service and/or performance in a period not exceeding the length of the relevant financial year notwithstanding that any such asset may, subject only to the participant(s) remaining a director or employee of a Group Company, be receivable by the participant(s) after the end of the period to which the award relates.
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Examples of Deferred Bonus Scheme in a sentence

  • The Retained Bonus Amount recognised in the Completion Accounts represents the amounts for which the Company has set aside in specifically identified accounts (Retained Bonus Funds) to offset the amounts which the Company is obliged or committed to pay employees at the Calculation Time in accordance with the Company’s Deferred Bonus Scheme (Retained Bonus Payable).

  • The Deferred Bonus Scheme is the bonus scheme applicable to various staff as defined in their respective employment agreements.

  • On the first calendar day of the month following the closing of the acquisition of Jardine, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Group, plc (“JLT”) by the Company (the “Acquisition”), you will be granted an award of restricted stock units (“RSUs") as set forth on Exhibit A in lieu of any JLT Deferred Bonus Scheme award.