Delayed Bonuses definition
Delayed Bonuses means Change of Control Payments deducted from the Transaction Consideration or the Closing Note/Cash Consideration pursuant to Section 1.1 or Section 1.3, due to employees of the Company which are conditioned upon such employees continuing to be employed by the Company for a period of time after the Closing, and in the amounts as indicated on Schedule 5.17.
Examples of Delayed Bonuses in a sentence
To the extent that any Delayed Bonuses are not earned by and not paid to the applicable employees of the Company following the Closing, the Company shall pay such amounts to the Representative (for the benefit of and further distribution to the Sellers).