Management Incentive Payments definition

Management Incentive Payments means the aggregate of US$750,000 in cash, payable to certain officers and employees of the Seller and/or the Target Entities, as set forth on Schedule IV.
Management Incentive Payments means the aggregate amount of payments required to (i) fully pay-off and terminate all pension plans, deferred compensation plans and deferred bonus plans as of the Effective Time, including, without limitation, all payments required to pay-off and terminate the Company’s obligations and liabilities with respect to the following: (A) the Long-Term Incentive Executive Compensation Plan, (B) the Executive Deferred Compensation Plan and (C) any other pension plan or deferred bonus or compensation plan of any of the Company Entities existing immediately prior to the Effective Time (other than the German and Japanese Benefit Plans, except to the extent provided in a Benefit Payment Notice), in each case in the amounts set forth on Schedule 1.05(e)(ii); and (ii) pay any bonuses, change of control or other special payments to one or more employees of the Company based upon the consummation of the Merger (such amounts, the “Management Bonus”), in each case in the amounts set forth on Schedule 1.05(e)(ii).
Management Incentive Payments means the aggregate of US$750,000 in cash, payable to certain officers and employees of the Seller and/or the Target Entities as well as certain other parties, as set forth on Schedule IV.

Examples of Management Incentive Payments in a sentence

  • In consideration of their right to receive the Management Incentive Payments hereunder, the participants in the Seller's outstanding management incentive plan shall have waived their rights to receive payment from the Seller under such management incentive plan.

  • Buyer has, as of the date of this Agreement, and will have, as of the Closing Date and the date that the Contingent Payment is to be made, sufficient immediately available cash funds to pay the Merger Consideration, the Contingent Payment, the Existing Debt, the Transaction Fees, and the Management Incentive Payments as provided in Section 1.05, and to pay all related fees and expenses.

  • All of the Management Incentive Payments referred to in Sections 1.05(e)(ii) are discretionary at the sole election of the Company.

  • Schedule 1.05(e)(ii) sets forth all income, employment and other withholding Taxes required to be withheld and deposited with any Governmental Authority in connection with the payment of the Management Incentive Payments.

  • In consideration of their right to receive the Management Incentive Payments hereunder, the participants in the Seller’s outstanding management incentive plan shall have waived their rights to receive payment from the Seller under such management incentive plan.


More Definitions of Management Incentive Payments

Management Incentive Payments. See Section 12.4(b);
Management Incentive Payments means the aggregate amount of payments required to (i) fully pay-off and terminate all pension plans, deferred compensation plans and deferred bonus plans as of the Effective Time, including, without limitation, all payments required to pay-off and terminate the Company’s obligations and liabilities with respect to the following: (A) the Long-Term Incentive Executive Compensation Plan, (B) the Executive Deferred Compensation Plan and(C) any other pension plan or deferred bonus or compensation plan of any of the Company Entities existing immediately prior to the Effective Time (other than the German and Japanese Benefit Plans, except to the extent provided in a Benefit Payment Notice), in each case in the amounts set forth on Schedule 1.05(e)(ii); and (ii) pay any bonuses, change of control or other special payments to one or more employees of the Company based upon the consummation of the Merger (such amounts, the “Management Bonus”), in each case in the amounts set forth on Schedule 1.05(e)(ii).
Management Incentive Payments means all amounts owed to participants under the Management Incentive Plan.
Management Incentive Payments means the payments payable to certain senior management personnel of the Companies as a result of the Closing under the agreements set forth on Schedule 1.l(f).
Management Incentive Payments means any payments to be made to participants under the Company Performance Reward Plan and any other management bonuses or payments payable at or following the Effective Time (including any “stay”, “success” or similar payments) other than (i) such bonuses or payments identified in Section 6.11 hereto, (ii) payments of the 2003 incentive bonus payments in the Ordinary Course of Business and (iii) pursuant to the Employment Agreements.
Management Incentive Payments means the sums to be paid to senior employees of the Group as set out in schedule 10 before Completion by the Company;
Management Incentive Payments means the aggregate amount of management incentive payments payable to management of the Company in the amounts set forth opposite each such individual’s name on the Management Incentive Payment Schedule (collectively, the “Management Incentive Payments”), to such named individuals, subject to any income and employment Taxes required to be withheld in connection with such payments. The Management Incentive Payments shall be paid in cash and in Parent Stock in the amounts set forth opposite each Incentive Recipient’s name on the Management Incentive Payment Schedule.