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.
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.