Transaction-Based Compensation definition

Transaction-Based Compensation means Option Consideration, plus any transaction bonus, discretionary bonus, change-of-control payment, phantom equity payout, “stay-put” or other compensatory payments made to any employee of the Company Group as a result of the execution of this Agreement or in connection with the transactions contemplated by this Agreement.
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Examples of Transaction-Based Compensation in a sentence

  • For the avoidance of doubt, the employer’s share of payroll and employment Taxes imposed in connection with Transaction-Based Compensation shall be a Transaction Expense but will not reduce Working Capital.

  • Notwithstanding the foregoing, in no event shall the aggregate amount of Transaction-Based Compensation in respect of all Acquisition Transactions that is payable in any fiscal year of the Company (in accordance with 2.9(b) below) exceed $200,000 (the "$200,000 Limit") and no amounts of Transaction-Based Compensation shall be carried over for future fiscal years to the extent that a given fiscal year's Transaction-Based Compensation is less than the $200,000 Limit.

Related to Transaction-Based Compensation

  • Incentive-Based Compensation means any compensation that is granted, earned or vested based wholly or in part upon the attainment of a Financial Reporting Measure.

  • Security Based Compensation Arrangement means a stock option, stock option plan, employee stock purchase plan or any other compensation or incentive mechanism involving the issuance or potential issuance of Shares to Directors, officers, Employees and/or service providers of the Corporation or any subsidiary of the Corporation, including a share purchase from treasury which is financially assisted by the Corporation by way of a loan, guarantee or otherwise;

  • Performance-Based Compensation means compensation qualifying as “performance-based compensation” under Section 162(m) of the Code.

  • Qualified Performance-Based Compensation means any compensation that is intended to qualify as “qualified performance-based compensation” as described in Section 162(m)(4)(C) of the Code.

  • Deferred Compensation Award means an award of Stock Units granted to a Participant pursuant to Section 11 of the Plan.