Special Bonus Amount definition

Special Bonus Amount means a special bonus awarded by the Committee to the Participant, as described in Section 4.1.
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Special Bonus Amount means a bookkeeping entry credited to a Participant’s Special Bonus Account representing a special bonus awarded by the Board to the Participant.
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Special Bonus Amount means an amount equal to Two Million Three Hundred Eighty-Nine Thousand One Hundred Sixty-Seven Dollars ($2,389,167).
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Examples of Special Bonus Amount in a sentence

  • Following the Closing, the Buyer shall, or shall cause the Company to, pay to Seller any portion of the Special Bonus Amount, if any, payable to Seller pursuant to the terms of the Special Bonus Plan Agreement.

  • Executive will not be entitled to Severance, any Bonus, an Allocable Bonus Amount, the Special Bonus or the Allocable Special Bonus Amount (together, the "Enhanced Severance").

  • Any discretionary bonuses paid from January 1, 2020 through December 31, 2020 inclusive (if any) will first count against the Sign On Bonus Amount (to the extent not previously paid) and the Special Bonus Amount (to the extent not previously paid) and the 2020 Guaranteed Bonus Amount.

  • The Allocable Special Bonus Amount will be calculated and paid only on the Award Date for the 2003 Bonus and subject to the terms and conditions of this Agreement (other than the requirement that Executive be an employee on the Award Date).

  • Employer shall pay the Special Bonus Amount to Employee on Employer’s next regularly scheduled payroll date following the date that is 30 days after the Commencement Date (the “Special Bonus Payment Date”).

  • The Special Bonus Amount shall not be payable by Employer if Employee’s employment terminates for any reason, whether such termination is by Employer or by Employee, prior to the Special Bonus Payment Date.

  • If the Commencement Date occurs on or prior to December 31, 2019 and Employee receives less than the Sign On Bonus Amount during calendar year 2019 (excluding any amounts paid in respect of the Special Bonus Amount), Employer shall pay the shortfall to Employee by no later than 45 days after the end of calendar year 2019.

  • Special Bonus Number Special Bonus Amount One $65,000 Two $65,000 Three $70,000 Any Special Bonus payable to the Executive hereunder shall accrue as of the end of the applicable fiscal year but shall be paid no later than March 31 of the year immediately succeeding the end of the fiscal year in respect of which such Special Bonus has been earned.

  • As a condition precedent to Executive's entitlement to receive Severance, an Allocable Bonus Amount and/or an Allocable Special Bonus Amount, Executive will release AMF and its officers, directors and Executives of and from any "Claims" (as defined in such release).

  • In the event the Company achieves at least eighty-five percent (85%) but less than one hundred percent (100%) of the Earnings Level in a given calendar year, the Company agrees to pay you a pro-rata share of the Special Bonus Amount in an amount equal to the percentage of the Earnings Level achieved by the Company that year.


More Definitions of Special Bonus Amount

Special Bonus Amount means, if the Excess Cash Amount is positive, an amount equal to 7.05% of the Excess Cash Amount.
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Special Bonus Amount means an amount equal to the sum of (i) two times Executive’s annualized base salary as in effect pursuant to Section 4.1 immediately prior to the Retirement Date, (ii) the annual cash performance bonus, if any, paid to Executive by Company pursuant to Section 4.2 with respect to the 2017 calendar year, and (iii) $600,000.”
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Special Bonus Amount means $587,133 in Currency. The amount of the Special Bonus Amount was determined based on an allocation of $350,000 in respect of relocation expenses anticipated to be incurred by Employee and $237,133 in respect of interests that would have been payable to Employee by Employee’s Former Employer.
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Related to Special Bonus Amount

  • 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.

  • 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).

  • 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.

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

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