Retention Payments definition
Retention Payments shall have the meaning set forth in Section 3.01(b).
Retention Payments has the meaning ascribed in Section 2.5;
Retention Payments has the meaning given in Section 8.6(c).
Examples of Retention Payments in a sentence
Seller shall cause any Retention Payments or other compensatory payments that become payable at the Closing pursuant to their terms to be paid to the applicable recipient by the Transferred Entity that employs the recipient through a special payroll run on the Closing Date, or, in jurisdictions outside of the United States where a special payroll run on the Closing Date is not feasible, through such other method as may be reasonably agreed by the Parties.
More Definitions of Retention Payments
Retention Payments means $24,109,201.10, which represents the maximum amount of the retention payments to be made by the Companies and their Subsidiaries pursuant to the agreements listed under the heading “Retention Letters” in Section 3.1(r)(i) of the Seller Disclosure Schedule, as in effect on the date hereof.
Retention Payments means the payments listed at Section 1.1(c) of the Seller Disclosure Schedule.
Retention Payments means, solely to the extent unpaid as of the Closing, the amounts payable to the Retention Payment Recipients, as set forth on the Closing Bonus Schedule, pursuant to awards granted prior to the Closing under the Retention Bonus Plan, including, solely to the extent unpaid as of the Closing, the employer portion of any payroll, social security, unemployment or similar Taxes in respect of such payments (determined assuming that each Retention Bonus Recipient received compensation during the calendar year in which the Closing occurs, with such compensation equal to the greater of, prior to such employee’s receipt of such payments, (x) such employee’s total wages (as reported on such employee’s Form W-2) during the prior calendar year, and (y) the actual amount paid to such employee by the Group Companies during the calendar year in which the Closing occurs).
Retention Payments means the payments and benefits described in Section 2.
Retention Payments shall indicate which party is responsible for paying retention payments related to the displacement of employees.
Retention Payments has the meaning given in Section 4.6(j).
Retention Payments shall have the meaning set forth on Exhibit D.