MBO Bonus definition

MBO Bonus means the cash payment(s) based on management business objectives determined under Section 6 and paid pursuant to Section 7(a), below.
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MBO Bonus as defined in Section 2.4(b).
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MBO Bonus means the bonus compensation to which each Participant may become eligible under the Annual Incentive Plan.
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Examples of MBO Bonus in a sentence

  • If Employee’s employment is terminated for any reason during any bonus term, the Employee will receive the payment of his pro-rated share of the MBO Bonus within 45 days of the end of the fiscal quarter provided that the written objectives for that quarter were in the process of being achieved (as reasonably determined by the Parent Company’s Board and Directors) or were actually achieved during that fiscal quarter.

  • The MBO Bonus, if earned, will be paid within 45 days of the end of the fiscal quarter, except for any bonus due and payable at the Company’s year-end, which will then be due no later than March 15 of the following year.

  • The MBO Bonus will be deemed earned by the Employee following the successful achievement of quarterly objectives approved in writing by the Parent Company’s Board of Directors.

  • The MBO Bonus will be deemed earned by the Employee following the successful achievement of quarterly objectives approved in writing by the Board of Directors of the Parent Company.

  • All undisputed amounts shall be paid within thirty days of United's receipt of the Implementable Savings Schedule, Implemented Savings Schedule or MBO Bonus Schedule.

  • Based on such determinations, if the excess cumulative Implementable Savings for a calendar year during the Term meets or exceeds the Product Spend Savings Goal, then United will pay the applicable MBO Bonus to FreeMarkets in accordance with Article II c) (iii).

  • No later than 15 days following the end of each calendar year (including the calendar year ending on December 31, 1998), FreeMarkets will submit to United a schedule and invoice (the "MBO Bonus Schedule") identifying cumulative Implementable Savings with respect to all FreeMarkets Sourcing Projects as of the end of such calendar year ([*] or an alternative tracking and reporting system agreed upon by the parties).

  • Upon receipt of the Implementable Savings Schedule, Implemented Savings Schedule or MBO Bonus Schedule, United shall have [*] to confirm the amounts billed and due under this Agreement using [*] or an alternative tracking and reporting system agreed upon by the parties.

  • A copy of the Parent’s MBO Bonus Program as currently in effect is attached hereto as Exhibit A.

  • Any bonus would be subject to the terms and conditions of the Parent’s MBO Bonus Program, as the same may be amended from time to time, and the Employee’s continuing employment.

Related to MBO Bonus

  • Annual Bonus shall have the meaning set forth in Section 4(b) hereof.

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

  • Accrued Bonus means the bonus, which may be negative or positive, which is calculated in the manner set forth in Section V.A.

  • Target Bonus means Executive’s annual (or annualized, as applicable) target bonus in effect immediately prior to Executive’s Qualifying Termination or, if Executive’s Qualifying Termination occurs during the Change in Control Period and the amount is greater, Executive’s annual (or annualized, if applicable) target bonus in effect immediately prior to the Change in Control.

  • Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award Agreement.