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.

Related to Deferred Bonus Scheme

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

  • Earned Bonus means the bonus paid, if any, pursuant to the Company’s incentive compensation plans in effect from time to time. Earned Bonus shall be prorated based on the ratio of the number of days during such year that Executive was employed to 365.

  • Deferred Compensation Award means an award of Stock Units granted to a Participant pursuant to Section 11 of the Plan.

  • Bonus means the bonus described in the Section 2.3.

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