Retention Bonus Recipient definition

Retention Bonus Recipient has the meaning set forth in Section 5.24.
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Retention Bonus Recipient means each employee party to a Retention Bonus Agreement.
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Retention Bonus Recipient means an individual that is party to a Retention Bonus Agreement.
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Examples of Retention Bonus Recipient in a sentence

  • On the next regularly scheduled payroll payment date after the Closing, Purchaser shall cause the Company to pay each Retention Bonus Recipient one-half (1⁄2) of the amounts owed to such Retention Bonus Recipient as indicated on the Closing Bonus Schedule in accordance with the terms of the applicable Retention Bonus Agreement.

  • On the eighteen (18) month anniversaryof the Closing Date (or earlier, if applicable), Purchaser shall cause the Company to pay each Retention Bonus Recipient one-half ( 1⁄2) of the amounts owed to such Retention Bonus Recipient as indicated on the Closing Bonus Schedule in accordance with the terms of the applicable Retention Bonus Agreement.

  • The Retention Bonus Escrow Amount shall be held by the Escrow Agent pursuant to the Escrow Agreement until such time as a final determination is made by Buyer as to whether each Retention Bonus Recipient is entitled to payment of the his or her Retention Bonus pursuant to the terms of the applicable Retention Bonus Agreement.

  • Students need to be self-motivated, independent, andhave a strong at-home support system in order to be successful in this learning environment.

  • Upon a final determination by Buyer that a Retention Bonus Recipient is entitled to receipt of the Retention Bonus pursuant to the terms of the applicable Retention Bonus Agreement, an amount equal to such Retention Bonus (plus the amount of any payroll or other Taxes owed by Buyer or the Company in connection with the payment of such Retention Bonus) shall be disbursed from the Retention Bonus Escrow Fund to Buyer.


More Definitions of Retention Bonus Recipient

Retention Bonus Recipient means any Person party to a Retention Bonus Agreement and listed on the Closing Bonus Schedule who is designated to receive a retention bonus on such schedule in accordance with S ection 1.2(e).
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Retention Bonus Recipient means each Company Employee who is eligible to receive a Retention Bonus.
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Retention Bonus Recipient means each of the Employees set forth in Section 15(a) of the Disclosure Schedules a receiving a Retention Bonus.
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Retention Bonus Recipient means each of Xxxxx Xxxx-Xxxxxxx, Xxxxxx Xxxx, and Xxxxx Xxxxx.
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Retention Bonus Recipient has the meaning set forth in the Recitals.
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Related to Retention Bonus Recipient

  • Retention Bonus means the amount equal to:

  • 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.

  • 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.

  • 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)

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

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

  • 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.

  • Tipped employee means any employee engaged in an occupation in which s/he customarily and regularly receives more than $30 per month in tips. Tips include amounts designated as a tip by credit card customers on their charge slips. Nothing in this rule prevents an employer from requiring employees to share or allocate such tips or gratuities on a pre-established basis among other employees who customarily and regularly receive tips. Employer-required sharing of tips with employees who do not customarily and regularly receive tips, such as management or food preparers, or deduction of credit card processing fees from tipped employees, shall nullify allowable tip credits towards the minimum wage.

  • Award Recipient means the person, entity or entities that are to receive or have received grant funds through an award from the Illinois State Board of Education. The terms "grantee" and "award recipient" may be used interchangeably.

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

  • Accrued Bonus means the bonus, which may be negative or positive, which is calculated in the manner set forth in Section V.A.

  • 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.

  • Severance Benefits mean the payment of severance compensation as provided in Section 2.3 herein.

  • Retained Employee does not include any individual who has a direct or an indirect ownership interest of at least five percent (5%) in the profits, equity, capital, or value of the Taxpayer, or a child, grandchild, parent, or spouse, other than a spouse who is legally separated from the individual, of any individual who has direct or indirect ownership interest of at least five percent (5%) of the profits, equity, capital or value of the Company.

  • 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.

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

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

  • Covered Executive means any “executive officer” of the Company as defined under Rule 10D-1.

  • Covered Executives means the Company’s current and former executive officers, as determined by the Administrator in accordance with the definition of executive officer set forth in Rule 10D-1 and the Listing Standards.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Executive Employee means those employees of the Company of Grade Level 10 or above.

  • 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).

  • Bonus means the bonus described in the Section 2.3.

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

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • 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.