Make-Whole Bonus definition
Examples of Make-Whole Bonus in a sentence
If Executive voluntarily terminates the employment agreement within 24 months of the Commencement Date, Executive will be required to pay back the Make-Whole Bonus payment on a prorated basis.
The Make-Whole Bonus will be paid to Executive no later than June 30, 2021, subject to Executive’s continued employment with the Company through June 15, 2021 and less any applicable withholdings.
The amount of the Make-Whole Bonus shall be equal to the shortfall, if any, between the amount of Previous Employer Bonus paid by your target annual bonus (pro-rated based on the number of days you are employed by Shift during calendar year 2022), which pro-rated target annual bonus for 2022 shall not exceed $1,200,000.
Executive acknowledges and agrees that any payments due or payable to him under the Make-Whole Bonus continue to be subject to the terms and conditions of the Make-Whole Bonus.
The after-tax amount of the Make-Whole Bonus paid to the Executive shall be subject to repayment to the Company by Executive upon Executive’s resignation for any reason other than Good Reason or termination for Cause on or before the first anniversary of the Start Date.
The Make-Whole Bonus shall compensate Executive for bonus compensation foregone from previous employment and other expenses.
At the time any purchaser of Purchase Program Points pursuant to the Equity Purchase Program becomes a Member of the LLC, the Manager Member and AMG shall enter into with such purchaser (if such purchaser is not already a party to such an agreement with the Manager Member) an agreement that is substantially identical to a Make-Whole Bonus Agreement in the form attached hereto as EXHIBIT D, unless the Manager Member and the Management Committee shall otherwise agree in writing.
In addition, your eligibility to receive the Make-Whole Bonus shall be contingent upon your continued employment by the Company through the payment date of the Make-Whole Bonus.
The Make-Whole Bonus shall be paid on or before the date on which the Executive repays his former employer.
The Make-Whole Bonus, if paid, is subject to all required and authorized withholdings, and shall be paid on the later of thirty (30) days after the Start Date or thirty (30) days after the Company receives the documentation evidencing the amount of the Pending Bonus actually paid.