Transaction Bonus Amount definition

Transaction Bonus Amount means an amount equal to (i) the aggregate Transaction Bonuses to be made to the recipients thereof in connection with the transactions contemplated by this Agreement, plus (ii) the aggregate Transaction Payroll Taxes incurred in connection with such Transaction Bonuses.

Transaction Bonus Amount means (a) the aggregate amount payable by the Acquired Companies to any director, manager, officer or employee of any Acquired Company in connection with the execution or performance of this Agreement or the consummation of the Transactions, plus (b) the employer portion of any Taxes associated with the payments contemplated pursuant to the foregoing clause (a).

Transaction Bonus Amount shall be a cash payment in an amount determined based on the satisfaction of performance goals related to a Sale, in each case to be determined and communicated to you in writing by the Leadership and Development and Compensation Committee of the Company’s Board of Directors (which communication will also set forth the timing of payment of the Transaction Bonus Amount).

Examples of Transaction Bonus Amount in a sentence

• Within fifteen (15) business days following the effective date of a Change in Control, the Company (or its successor or assigns) shall pay to Executive the Transaction Bonus Amount.

• The “Transaction Bonus Amount” shall be a cash payment in an amount determined based on the satisfaction of performance goals related to a Sale, in each case to be determined and communicated to you in writing by the Leadership and Development and Compensation Committee of the Company’s Board of Directors (which communication will also set forth the timing of payment of the Transaction Bonus Amount).

• With respect to the Transaction Bonus Amount, upon a Qualifying Termination prior to the Retention Bonus Vesting Date, you will continue to be entitled to the payment of the Transaction Bonus Amount at the times and in the amounts communicated to you in accordance with Section 4(b) above.

• Common Stock Company Warrant Transaction Bonus Amount shares Xxxxx Xxxxxxxx 1,904 Xxxxxx Xxxxxxx 1,190 Xxxxxxx Xxxxxx 1,270 Xxxxx Xxxxxxxx-Xxxxxx—Simplified Employee Pension Plan, CGM SEP XXX Custodian, UPO Beechtree Capital Ltd.

• Subject to Section 3.5 below, upon the date of a Minor Transaction Payment Trigger Date, provided that the Plan has not terminated or been terminated prior to such time, each Participant who is employed by the Company or its Affiliate on such Minor Transaction Payment Trigger Date shall immediately accrue a right to a Minor Bonus Payment(s) based upon his respective Units and his Transaction Bonus Amount determined and calculated as of the date of such Minor Transaction Payment Trigger Date.

More Definitions of Transaction Bonus Amount

Transaction Bonus Amount means the aggregate amount of all Transaction Bonuses to be paid at the Closing.

Transaction Bonus Amount means the aggregate amount set forth in Section 15(a) of the Disclosure Schedule as a “Transaction Bonus” to be paid to the Transaction Bonus Recipients;

Transaction Bonus Amount means, collectively, the aggregate amounts payable under each of the Success Bonus Agreements listed on Schedule II plus the employer portion of any payroll Taxes arising from the payment thereof. “Transaction Expenses” means all out-of-pocket fees, costs and expenses incurred or otherwise payable by the Acquired Companies or the Seller or its Affiliates in connection with the negotiation, documentation and consummation of the Contemplated Transactions, including the fees and expenses of the Seller, all legal fees and expenses of Ropes & Xxxx LLP, the fees and expenses of the Acquired Companies’, the Seller’s or its Affiliates’ accountants and the fees and expenses of Xxxxxxx Sachs & Co., in each case to the extent incurred but unpaid as of the Closing. “Transfer Taxes” means any sales, use, stock transfer, value added, real property, transfer, stamp, registration, documentary, recording or similar duties or taxes incurred in connection with the Contemplated Transactions, together with any interest thereon, penalties, fines, costs, fees, additions to tax or additional amounts with respect thereto incurred in connection with the Contemplated Transactions. -11- “Transferred Assets” is defined in Section 2.1.2. “Transferred Contracts” is defined in Section 2.1.2. “Transferred Employees” means those employees of the Seller set forth on Schedule III, to the extent such Persons are employees of the Seller as of the Closing Date. “Transition Services Agreement” means an agreement between the Seller and the Buyer, to be dated as of the Closing Date, in the form attached hereto as Exhibit D. “Voluntary Disclosure Tax Return” is defined in Section 8.9.2(c). “WARN” means the Worker Adjustment and Retraining Notification Act of 1988, as amended, or any similar Legal Requirement. “Welfare Plan” means a welfare benefit plan within the meaning of Section 3(1)

Transaction Bonus Amount means any and all amounts (including any bonus payments) that shall become payable at the Closing by the Company Group Members to any employees, directors, consultants or contractors of any Company Group Member as a result or in connection with any “change of control” provision binding on a Company Group Member (either alone or together with any other triggering event); provided, however, that “Transaction Bonus Amount” shall not include any contractually obligated severance amounts unrelated to any “change of control” that are due to any employee of a Company Group Member to whom the Buyer does not extend an offer of employment (that provides compensation, severance, benefits, location of employment and position of employment substantially similar in the aggregate to such employee immediately prior to the Closing) or whom Buyer terminates after Closing.

Transaction Bonus Amount means a Specified Transaction Bonus Amount or a General Transaction Bonus;

Transaction Bonus Amount means $277,000, which constitutes the aggregate amount payable to the Transaction Bonus Recipients, including any Tax obligations associated with such payments.

Transaction Bonus Amount means, with respect to a Participant and with respect to a payment or payments of Transaction Consideration made on or after a Major Transaction Payment Trigger Date or a Minor Transaction Payment Trigger Date, the amount determined as a result of multiplying a fraction, the numerator of which is equal to the number of Vested Units which have been awarded to the Participant as of the date of such Payment Trigger Date, and the denominator of which is twenty (20), by the Bonus Multiplier for such Payment Trigger Date, denoted mathematically as follows: TBAp = (BONUS MULTIPLIER) * (VESTED UNITSp / 20) Cole Holdings Corporation Transaction Bonus Plan where “TBAp’’ is the Transaction Bonus Amount for the Participant, “Bonus Multiplier” is the Bonus Multiplier, and “Vested Unitsp” is the Vested Units awarded to the Participant, all determined with respect to and as of the applicable Payment Trigger Date; provided, however, that the aggregate Bonus Payment(s) of all Participants with respect to a Payment Trigger Date shall in no event exceed the Bonus Multiplier for such Payment Trigger Date multiplied by the applicable Transaction Consideration. For every dollar of Transaction Consideration that is paid on or following a Payment Trigger Date and is related to such Payment Trigger Date, the Transaction Bonus Amount applicable to such dollar shall be calculated based on the Bonus Multiplier. However, notwithstanding the above, see Section 3.5 for provisions that may allow reduction or elimination of a Participant’s Bonus Payment(s). Units awarded to a Participant as of a date shall be determined based on the latest (in time) dated Participation Form of such Participant.