Performance Bonus Payments definition

Performance Bonus Payments means payments to Members pursuant to the applicable provisions of the Collective Bargaining Agreement.
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Performance Bonus Payments means payments to members pursuant to Article IX, Section 2(b)(1) of the Collective Bargaining Agreement.
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Performance Bonus Payments means payments to members pursuant to Article IX, Section 2 (b)(1) of the Collective Bargaining Agreement.
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Examples of Performance Bonus Payments in a sentence

  • One business day after the payment of the March 2005 Performance Bonus Payments, an amount equal to one-third of the March 2005 Performance Bonus Payments paid to the Company employees shall be paid from the Bonus Escrow to the Former Stockholder (the “2005 Former Stockholder Amount”) and $166,667 less the 2005 Former Stockholder Amount (if any) shall be paid from the Bonus Escrow to the Company Stockholder.

  • Unless the Company elects to redeem the Bonds under Section 5.2(b) above, if the Net Proceeds are insufficient to pay in full the cost of any repair, restoration, modification or improvement referred to in Section 5.2(a) hereof, Company will nonetheless complete the work and will pay any cost in excess of the amount of the Net Proceeds held by Trustee.

  • Performance Bonus Payments You will be paid performance bonus payments in accordance with Schedule Two of this agreement.

  • The obligations of Buyer under this Section 6.1(j) to make the March 2005 Performance Bonus Payments or the March 2006 Performance Bonus Payments pursuant to Section 6.1(j)(ii) and (iii) shall not be affected by the death or disability of Company Stockholder or the termination of Company Stockholder’s employment by the Company or Company Stockholder for any reason.

  • During the Term, the Employee's compensation "package" including, but not limited to, Base Salary, Performance Bonus Payments, and stock options, will be, in each instance, at least as lucrative as the compensation "package" provided to any other officer of Company except for the one received by the Chief Executive Officer.

  • For example, if the 2005 Revenue Figure is Fifty Three Million Five Hundred Thousand Dollars ($53,500,000), then the aggregate March 2006 Performance Bonus Payments would equal Five Hundred Thousand Dollars ($500,000).

  • In no event shall the aggregate amount of the March 2006 Performance Bonus Payments exceed One Million Dollars ($1,000,000).

  • If Buyer breaches its obligations under this subsection (iv), then the March 2005 Performance Bonus Payments and March 2006 Performance Bonus Payments shall be paid in the amounts set forth on Exhibit H and pursuant to the terms of this Section 6.1(j) regardless of whether the Company meets the target revenues set forth above.

Related to Performance Bonus Payments

  • Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of any distributions per Unit of that Class during the Performance Bonus Term exceeds $28.00.

  • Bonus Payments means that portion of the bonus payments received by the

  • Bonus Payment means a cash payment in an amount equal to the sum of (i) all Excise Taxes payable by Executive, plus (ii) all additional Excise Taxes and federal or state income taxes to the extent such taxes are imposed in respect of the Bonus Payment, such that Executive shall be in the same after-tax position and shall have received the same benefits that he would have received if the Excise Taxes had not been imposed. For purposes of calculating any income taxes attributable to the Bonus Payment, Executive shall be deemed for all purposes to be paying income taxes at the highest marginal federal income tax rate, taking into account any applicable surtaxes and other generally applicable taxes which have the effect of increasing the marginal federal income tax rate and, if applicable, at the highest marginal state income tax rate, to which the Bonus Payment and Executive are subject. An example of the calculation of the Bonus Payment is set forth below: Assume that the Excise Tax rate is 20%, the highest federal marginal income tax rate is 40% and Executive is not subject to state income taxes. Further assume that Executive has received an excess parachute payment in the amount of $200,000, on which $40,000 in Excise Taxes are payable. The amount of the required Bonus Payment is thus $100,000. The Bonus Payment of $100,000, less additional Excise Taxes on the Bonus Payment of $20,000 (i.e., 20% x $100,000) and income taxes of $40,000 (i.e., 40% x $100,000), yields $40,000, the amount of the Excise Taxes payable in respect of the original excess parachute payment.

  • 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.

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