Rollover Bonus definition

Rollover Bonus means the additional fixed dollar amount which a Participant will be entitled to carry over to the next Benefit Period if the Participant qualifies for the Rollover Amount and all Qualified Claims are submitted by a PPO Participating Dentist during the Benefit Period.
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Examples of Rollover Bonus in a sentence

  • Purchaser shall cause or cause to be delivered by wire transfer the amounts constituting the Rollover Bonus to an interest-bearing escrow account established at ▇▇▇▇▇▇ Bank in Chicago, Illinois.

  • In exchange for such Rollover Bonus, the Employee hereby waives the acceleration of vesting with respect to the Unvested Company Equity Awards, and agrees to cancel such awards in full as of the Commencement Date, and the Employee hereby agrees that such awards shall have no further force and effect on and after the Commencement Date.

  • The Rollover Bonus represents the spread cash value of certain Company Equity Awards that (a) have not vested as of immediately prior to the consummation of the Offer and (b) the vesting of which, but for this Section 4(d), otherwise would have been accelerated and cash payment made therefor in the Merger pursuant to the Merger Agreement (the “Unvested Company Equity Awards”).

  • Except as set forth in Section 6, the vested portion of the Rollover Bonus and any interest thereon shall become payable within ten (10) days following the applicable vesting date.

  • Subject to the Employee’s continued employment with the Company on the applicable vesting dates, the Rollover Bonus shall vest as to twenty percent (20%), thirty-five percent (35%), and forty-five percent (45%) on the eve of each of the first, second, and third anniversaries of the Commencement Date, respectively.

  • Subject to the Employee’s continued employment with or service as a consultant to the Company on the applicable vesting dates, the Rollover Bonus shall vest as to twenty percent (20%), thirty-five percent (35%), and forty-five percent (45%) on the eve of each of the first, second, and third anniversaries of the Commencement Date, respectively.

  • If the Employee’s employment with the Group Companies is terminated with Cause or as a result of the Employee’s resignation without Good Reason, any then unvested portion of the Rollover Bonus and any interest thereon shall be immediately forfeited and the Employee shall have no rights to any forfeited amounts or any additional payments hereunder.

  • Founder’s participation in all benefits and incidents of employment, including, but not limited to the accrual of bonuses (other than the Target Rollover Bonus), vacation, and paid time off, will cease as of the Employment Separation Date, except as otherwise provided herein.

  • The Rollover Bonus represents the spread cash value of certain Company Equity Awards that (a) have not vested as of immediately prior to the consummation of the Offer and (b) the vesting of which, but for this Section 1(a), otherwise would have been accelerated and cash payment made therefor in the Merger pursuant to the Merger Agreement (the “Unvested Company Equity Awards”).

  • The Target Rollover Bonus shall be earned as follows: (i) 50% of the Target Rollover Bonus will be earned if the Company hits 1H 2012 Revenue Target of $29.6M (i.e., current Board Plan); or (ii) 100% of Target Rollover Bonus will be earned if the Company hits 1H Revenue Target plus 5% ($31.08M).

Related to Rollover Bonus

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

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

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

  • Retention Bonus means an incentive bonus provided under

  • 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.