MIP Amount definition

MIP Amount means (i) an amount in Cash set forth in the Estimated Closing Statement delivered by Seller Representative that represents all payments due under the MIP to all MIP participants calculated in accordance with the MIP; plus (ii) the employer portion of applicable payroll Taxes on such amounts described in the foregoing clause (i).
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MIP Amount means 0.85% of the net cash proceeds received by the Borrower or its stockholders (after deduction of transaction costs and taxes for the Borrower, but not third-party payments of debt, with hold-backs and indemnities treated as set forth herein) of a sale all or substantially all of the equity interests in, or assets of, the Borrower. MIP Amounts attributable to future contingent cash payments, such as hold-backs, indemnities, earn-outs and similar payments shall be payable only to the extent and at the same time that Borrower or its stockholders actually receive such payments. The net cash proceeds will not include the cost of the MIP Amount.
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MIP Amount means the aggregate amount that the MIP would have been entitled to receive in connection with the Transactions under the Company LLC Agreement and the MIP LLC Agreement had the MIP shared in the Merger Consideration and disregarding Section 1.09(a)(x).
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More Definitions of MIP Amount

MIP Amount means, with respect to a Key Employee, an amount determined in accordance with the formula set forth on Annex A. Subject to Section 5, the MIP Amount of a Key Employee shall be determined as soon as reasonably practicable following the conclusion of the Performance Period.
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Related to MIP Amount

  • True-Up Amount means the difference between the ABO calculated by using the member’s actual creditable service and the actual final average compensation as of the member’s effective date in the FRS Investment Plan and the ABO initially transferred.

  • Target Bonus Percentage means, with respect to any Executive, the target bonus percentage specified for such Executive in his or her Employment Agreement.

  • M&O Amount means the revenue protection payment required as part of this Agreement as set out in TEXAS EDUCATION CODE Section 48.256(d) and shall have the meaning assigned to such term in Section 4.2 of this Agreement.

  • Target Bonus Amount means Executive’s target annual bonus amount in effect at the time of Executive’s Qualifying Termination (disregarding any decrease in such target annual bonus amount that constitutes a Good Reason event).

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.