Retention Bonus Arrangements definition

Retention Bonus Arrangements has the meaning given in Section 12.03(l) below.
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Retention Bonus Arrangements means the incentive bonus arrangements between Seller and certain employees of the Business entered into in connection with the proposed sale of the Business and identified on Schedule A-1 (it being understood that the Retention Bonus Arrangements shall not include the letter agreements regarding enhanced severance identified in items 96 through 106 on Schedule 5.11(a)). “Rockwell Canada” has the meaning set forth in the recitals to this Agreement. “Rockwell Canadian Deferred Profit Sharing Plan” has the meaning set forth in Section 9.2(f)(i). “Rockwell Canadian Salaried Pension Plan” has the meaning set forth in Section 9.2(d)(i). “Rockwell Canadian Savings Plan” has the meaning set forth in Section 9.2(e)(i). “Rockwell Germany” has the meaning set forth in the recitals to this Agreement. “Rockwell Mexico” has the meaning set forth in the recitals to this Agreement. 13
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Retention Bonus Arrangements means, collectively: (i) that certain Retention Bonus Arrangement by and between Xxxxxxx Xxxxx and the Company, dated as of November 10, 2015; and (ii) that certain Retention Bonus Arrangement by and between Xxxxx XxXxxxxx and the Company, dated as of November 10, 2015.
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Examples of Retention Bonus Arrangements in a sentence

  • To the extent Sellers or Buyer pay greater than one-half of the amount of any earned bonus under the Retention Bonus Arrangements, the party paying less than one-half of such amount shall reimburse the other party for the portion of such amount exceeding one-half of such cost within twenty (20) days of such overpayment.

  • Sellers on the one hand and Buyer on the second hand agree to each pay one-half of the aggregate cost of the bonuses earned under the Retention Bonus Arrangements.

  • Pursuant to the terms and conditions of the Retention Bonus Arrangements, certain eligible Xxxxxxx Polymer Employees may earn a bonus if they remain employed with Seller, a Subsidiary, Buyer or one of Buyer’s Affiliates, as the case may be, at Closing or after a certain period after Closing.

  • Exhibit 12.03(l) attached hereto lists each individual Xxxxxxx Polymer Employee or Non-U.S. Employee covered by such Retention Bonus Arrangements, together with the amount potentially due, and the terms and conditions of payment relating to each such covered employee.

  • Notwithstanding any provision of this Section, Sellers’ and Buyer’s respective contributions toward payment of amounts due under the Retention Bonus Arrangements described in Section 12.03(l) below will be governed by Section 12.03(l).

  • Seller shall be responsible for the payment following the Closing Date of any amounts payable under the Retention Bonus Arrangements in accordance with the terms thereof.

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  • Retention Bonus Arrangements ................................63 SECTION 9.15.


More Definitions of Retention Bonus Arrangements

Retention Bonus Arrangements means the incentive bonus arrangements between Seller and certain employees of the Business entered into in connection with the proposed sale of the Business and identified on Schedule A-1 (it being understood that the Retention Bonus Arrangements shall not include the letter agreements regarding enhanced severance identified in items 96 through 106 on Schedule 5.11(a)).
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Related to Retention Bonus Arrangements

  • Retention Bonus means the amount equal to:

  • Transaction Bonuses means any transaction bonuses payable by the Sellers or their Affiliates on or after the Closing to the Transferred Employees.

  • Share Compensation Arrangement means any stock option, stock option plan, employee stock purchase plan or any other compensation or incentive mechanism involving the issuance or potential issuance of Shares, including a share purchase from treasury which is financially assisted by the Corporation by way of a loan, guarantee or otherwise;

  • Bonus means the bonus described in the Section 2.3.

  • Compensation Arrangement means any direct or indirect compensatory payment or other financial agreement, arrangement or understanding with any person or entity other than the Corporation, including any agreement, arrangement or understanding with respect to any direct or indirect compensation, reimbursement or indemnification in connection with candidacy, nomination, service or action as a nominee or as a director of the Corporation;

  • Severance Pay means any amount that is payable in cash and is identified by a Participating Company as severance pay, or any amount which is payable on account of periods beginning after the last date on which an employee (or former employee) is required to report for work for a Participating Company.

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

  • Severance Payments shall have the meaning set forth in Section 6.1 hereof.

  • Severance means the complete separation and dismemberment of the part from the body.

  • Change in Control Severance Benefits means the benefits payable pursuant to Section 3 of this Agreement.

  • Incentive Compensation Plans means annual incentive compensation plans and long-term incentive compensation plans of the Company, which long-term incentive compensation plans may include plans offering stock options, restricted stock and other long-term incentive compensation.

  • Earned Bonus means the bonus paid, if any, pursuant to the Company’s incentive compensation plans in effect from time to time. Earned Bonus shall be prorated based on the ratio of the number of days during such year that Executive was employed to 365.

  • 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 all distributions per Unit of that Class during the Performance Bonus Term exceeds $25.00.

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • Bonus Amount means the greater of (i) the average annual incentive bonus earned by Executive from the Company (or its affiliates) during the last three (3) completed fiscal years of the Company immediately preceding Executive’s Date of Termination (annualized in the event Executive was not employed by the Company (or its affiliates) for the whole of any such fiscal year), and (ii) the Executive’s target annual incentive bonus for the year in which the Date of Termination occurs.

  • Severance Compensation means the compensation set forth in (i), (ii), and (iv) above.

  • Termination Compensation means a monthly cash amount equal to one-twelfth ( 1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • Severance Payment means any amount paid by a board to or in behalf of a superintendent on early termination of the superinten- dent’s contract that exceeds the amount earned by the superinten- dent under the contract as of the date of termination, including any amount that exceeds the amount of earned standard salary and benefits that is paid as a condition of early termination of the con- tract. Payments to a former superintendent who remains employed by a district in another capacity or contracts with a district to pro- vide the district services may be severance payments in whole or in part if the payments are compensation for the early termination of a prior employment agreement. Severance payments include any payment for actual or threatened litigation involving or related to the employment contract. Education Code 11.201(c); 19 TAC 105.1021(a)(1)

  • Change in Control Benefits means the following benefits:

  • 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).

  • Earned Compensation means any Annual Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends pursuant to Section 3(a) (but excluding any salary and interest accrued thereon payment of which has been deferred).

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

  • Bonus Payment means a cash payment in an amount equal to the sum of (i) all Excise Taxes payable by the 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 the 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, the 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 the 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 the Executive is not subject to state income taxes. Further assume that the Executive has received an excess parachute payment in the amount of $200,000, on which $40,000 ($200,000 x 20%) in Excise Taxes are payable. The amount of the required Bonus Payment is thus computed to be $100,000, i.e., 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 Compensation means any compensation that is granted, earned or vested based wholly or in part upon the attainment of a Financial Reporting Measure.

  • Separation Benefits has the meaning accorded such term in Section 3.04.

  • Severance Benefit means the payment of severance compensation as provided in Article III.