Integration Bonus definition
Examples of Integration Bonus in a sentence
The conversion of the Target Integration Bonus into UNGL Shares shall be based on the Merger Price.
The UNGL Shares comprising the Annual Integration Bonus shall be subject to a shareholder-approved plan, which plan shall have been approved prior to or at the time of the approval of the Merger Transaction, and available for resale under an S-8 filed with the Securities and Exchange Commission.
The UNGL Shares comprising the Annual Integration Bonus shall be subject to Stock Ownership Guidelines, in the form attached hereto as Exhibit D, and shall otherwise be free of any and all restrictions on sale or resale, except as such sale or resale may be restricted under applicable securities laws and regulations.
The Target Integration Bonus shall be payable in UNGL Shares as provided for below.
If Executive is not actively employed at the time such Annual Integration Bonus would be payable, Executive nonetheless shall be entitled to receive the Annual Integration Bonus, if any, that is payable to him under the provisions of Section 3.05.
Notwithstanding any other provision of this Agreement to the contrary, UNGL Shares paid in satisfaction of the Annual Integration Bonus shall not be sold, transferred or otherwise disposed of by Executive for a period of eighteen (18) months following the payment of such shares, except to the extent necessary to satisfy any tax liability associated with such payment.
To the extent any Integration Bonus is earned, it shall be payable as soon as practicable following the closing of the Company's financial statement for fiscal year 2004; provided, however, that such Integration Bonus payment shall be applied to the unpaid principal and interest of any outstanding loans to the Executive from the Company.
Effective as of the Effective Date, the Executive be eligible to participate in an integration bonus arrangement pursuant to which a bonus may become payable to the Executive (an "Integration Bonus") based on operating results of the areas under the Executive's responsibility from the Effective Date through the Expiration Date (the "Integration Results").
To the extent the Employee accepts these additional duties, failure to satisfy any or all of the duties related to the Conversion and Integration Bonus shall not constitute a rationale for a with Cause termination, but rather shall only determine eligibility for and/or the amount of the Conversion and Integration Bonus, if any, as the Board shall determine in its discretion.
The "Stretch" Integration Result are set forth in Appendix I to this document and the amount of the Integration Bonus payable to the Executive, if any, shall be up to a maximum of $415,000 with (x) no Integration Bonus payable if Integration Results are below the Target and (y) the Integration Bonus between the Target and Stretch Integration Results being linearly interpolated.