Milestone Bonus definition

Milestone Bonus shall be payable to Employee by the 5th business day following the last day of the regular two week pay period in which includes the last calendar day of the quarter.
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Milestone Bonus means each of the contributions to the Plan set forth in Sections 5.1(a) and (b).
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Examples of Milestone Bonus in a sentence

  • If Contractor achieves a Super Primary Milestone more than [***] Days after the relevant Completion Date but within [***] Days of the relevant Completion Date, the amount of the Super Primary Milestone Bonus payable in respect of such Super Primary Milestone shall be equal to [***].

  • If Contractor achieves a Primary Milestone more than [***] Days after the relevant Completion Date but within [***] Days of the relevant Completion Date, the amount of the Primary Milestone Bonus payable in respect of such Primary Milestone shall be equal to [***].

  • If Contractor achieves a Super Primary Milestone more than [***] after the relevant Completion Date but within [***] of the relevant Completion Date, the amount of the Super Primary Milestone Bonus payable in respect of such Super Primary Milestone shall be equal to [***].

  • If Contractor achieves a Primary Milestone more than [***] after the relevant Completion Date but within [***] of the relevant Completion Date, the amount of the Primary Milestone Bonus payable in respect of such Primary Milestone shall be equal to [***].

  • If Contractor achieves an Interim Milestone more than [***] Days after the relevant Completion Date but within [***] Days of the relevant Completion Date, the amount of the Interim Milestone Bonus payable in respect of such Interim Milestone shall be equal to [***].

  • For the avoidance of doubt, if Contractor does not achieve an Interim Milestone within [***] Days of the relevant Completion Date, no Interim Milestone Bonus shall be payable in respect of such Interim Milestone.

  • Notwithstanding the foregoing, the Annual Milestone Bonus, if any, for a given year will be paid in full no later than March 15 of the calendar year immediately following the calendar year for which the Annual Milestone Bonus, if any, is earned.

  • The prorated annual bonus payment will be subject to standard payroll deductions and withholdings and will paid at the same time as the Annual Milestone Bonus, if any, would have been paid to Executive under Section 3.2 above, had Executive remained employed with the Company.

  • The Annual Milestone Bonus shall be payable either as a lump-sum payment or in installments as determined by the Board in its sole discretion, provided, however, if the Board determines to pay the Executive in installments, such installments shall be no less frequently than monthly, and shall be over a time period not to exceed four (4) months, unless otherwise agreed by the Executive in writing.

  • For the avoidance of doubt, if Contractor does not achieve a Super Primary Milestone within [***] Days of the relevant Completion Date, no Super Primary Milestone Bonus shall be payable in respect of such Super Primary Milestone.