Production Bonus definition

Production Bonus means any bonus payable by the Parties under the Contract on attainment of any specified rate, level or quantity of production of Hydrocarbons.

Production Bonus has the meaning attributed to it in the PRA;

Production Bonus means a bonus payable by the Parties under Section 9.3 of the ----------------- Contract.

Examples of Production Bonus in a sentence

• The Production Bonus amount for offshore would be expensed in accordance with the guidelines to be issued by the Government from time to time.

• The Floor Amount cannot decrease in any year The Production Bonus rate is [**]%, which is calculated and paid monthly.

• The Parties in an Exploitation Area shall bear the Production Bonus allocated to that Exploitation Area in accordance with their Participating Interests in that Exploitation Area as of the date on which liability for the Production Bonus was incurred.

• In the event of a termination pursuant to this paragraph, the Company shall pay to executive (i) Employee’s accrued but unpaid Annual Salary and vacation pay through the effective date of the termination; (ii) the Production Bonus for so long as the Company sells the Male Pro-Health Product and any other production bonus agreed with respect to any other product; and (iii) business expenses incurred prior to the effective date of termination.

• During the Term of this Agreement and until the Minimum Production Bonus has been paid, the Company agrees that the Company will not offer or sell, directly or indirectly, any product that is competitive with the Male Pro-Health Product developed by Employee in any market in which the Company is lawfully able to offer and sell the Male Pro-Health Product.

More Definitions of Production Bonus

Production Bonus means the Contraprestación por Inicio de Producción as described in Section 1.1.

Production Bonus. A bonus percentage is based on each Registered Representative/Agent's aggregate sales of all Southland products during the six-month periods ending June 30 and December 31 of each year. PRODUCTION PRODUCTION BONUS % $15,000 Paid Annualized Premium 5% $30,000 Paid Annualized Premium 10% $45,000 Paid Annualized Premium 15% The bonus is payable during the month following the end of the applicable bonus period. To qualify for a bonus, Registered Representative/Agent must have an aggregate Southland 13-month persistency of 85% or higher calculated at the end of the bonus period.

Production Bonus is defined in paragraph 6(b).

Production Bonus has the meaning attributed to it in Article 17.13.

Production Bonus means the bonus, if any, payable by the Parties under the Licence. Production Operations means operations and activities intended to extract Hydrocarbons for commercial purposes, especially operations and activities concerning producing wxxxx (including Recompleting and Reworking), and field separation, processing, storage, and handling of Hydrocarbons upstream of the Delivery Point, conducted to progress a Development Plan and/or a projected production schedule. Public Official means (i) any officer, employee, director, principal, consultant, agent or representative, whether appointed or elected, of any government (whether central, federal, state or provincial), ministry, body, department, agency, instrumentality or part of any of them, or any public international organization, or any state or government owned or controlled entity, agency, enterprise, joint venture, or partnership (including a partner or shareholder of such an enterprise); (ii) any person acting in an official capacity for or on behalf of (a) any government, ministry, body, department, agency, instrumentality or part of any of them, or (b) any public international organization, or (c) any political party or political party official or candidate for office. Recompletion means an operation whereby a Completion in a Zone (or part of a Zone) is abandoned in order to attempt a Completion in a different Zone (or different part of a Zone) within the existing wellbore. Reserve Fund shall have the meaning set out in Article 8.4.C.

Production Bonus has the meaning provided in clause 7.11.

Production Bonus means a bonus payable by the Parties under Article IX of the Concession Agreement.