Transaction Bonus Payment definition

Transaction Bonus Payment means any retention or bonus payment made or required to be made by the Company or its Subsidiary at or as a result of the Closing to any of the employees or service providers of the Company or its Subsidiary in connection with the transactions contemplated by this Agreement.
Transaction Bonus Payment is defined in Section 2.02(f).
Transaction Bonus Payment is defined in Section 2.02(f). “Transaction Costs” is defined in Section 8.05.

Examples of Transaction Bonus Payment in a sentence

  • The “Reduced Amount” shall be an amount which maximizes the aggregate value of the Strategic Transaction Bonus Payment Amount without causing such payment to be subject to the Excise Tax, determined in accordance with Sections 280G and/or 4999 of the Internal Revenue Code.

  • In the case of any such reduction, the Corporation shall reduce the Strategic Transaction Bonus Payment Amount by first reducing payments that are not payable in cash (if any), and then by reducing cash payments.

  • The bonus amounts set forth on Exhibit A are cumulative, meaning that each Participant shall be eligible to receive the bonus payment for each objective achieved, it being understood that (1) the Qualified Transaction Bonus Payment would be paid only once, even if more than one Qualified Transaction is completed during 2007; and (2) the Other Approved Transaction Objective may be satisfied whether or not any Qualified Transactions are completed during 2007.

  • Payment of the Strategic Transaction Bonus Payment Amount shall not reduce or eliminate any other bonus or other payments to the Employee specified in Employee’s Executive Employment Agreement.

  • Subject to Section 1 above, the Strategic Transaction Bonus Payment Amount shall be paid by the Corporation to the Employee upon the closing of the first Strategic Transaction to be completed following the date of this Agreement.

  • The Corporation will remit to the Employee a Strategic Transaction bonus payment of Nine Hundred Thousand and 00/100 Dollars ($900,000) (net of applicable withholding taxes and subject to adjustment as provided in Section 4 below)(the “Strategic Transaction Bonus Payment Amount”) upon the closing of a Strategic Transaction in 2013.

  • The Earnout Transaction Bonus Payments made in cash ("Cash Earnout Transaction Bonus Payments") shall be paid by Buyer Parties to the Company from any amounts otherwise payable as Earnout Payment but for the application of Section 1.3(a)(i) for further distribution to such Earnout Transaction Bonus Payment Participants through the Company's payroll provider.

  • Schedule 1.8 also sets forth for each Bonus Payee the amount of the Transaction Bonus Payment, if any, to be made to the Bonus Payee on the Closing Date.

  • To establish the sam- ple size, a common indicator of prevention was used that would be able to measure behavior change through future rounds of IBBS-FSW: condom use at last sex with a client.

  • The Post-Closing Bonus Payment, the Holdback Bonus Payment, the CiC Payment, the COBRA Payment and the Subsequent Transaction Bonus Payment shall each be subject to applicable witholding taxes, and the amount thereof to be paid to you shall be net of any amounts that the Company is required to withold under applicable law.


More Definitions of Transaction Bonus Payment

Transaction Bonus Payment means the $100,000 payment due to Dxxxxxx Xxxxxx at the Closing under the Transaction Bonus Agreement.
Transaction Bonus Payment means an amount, based on each Unallocated Class TV Stock Option set forth across from each Transaction Bonus Recipient’s name in the Unallocated Class TV Stock Options Spreadsheet, equal to (X) the product of (a) the excess, if any, of the Common Stock Payment over the Unallocated Class TV Stock Option Exercise Price with respect to one underlying share of Common Stock (if and as though such Unallocated Class TV Stock Option were issued and outstanding) and (b) the number of shares of Common Stock that would be subject to such Unallocated Class TV Stock Option (if and as though such Unallocated Class TV Stock Option were issued and outstanding) less (Y) the product of (a) the sum of (i) the Applicable Escrow Per Share Payment and (ii) the Applicable Shareholders’ Representative Expense Per Share Payment and (b) the number of shares of Common Stock subject to the applicable Unallocated Class TV Stock Option (if and as though such Unallocated Class TV Stock Option were issued and outstanding).

Related to Transaction Bonus Payment

  • Transaction Bonuses means any transaction bonuses payable by the Sellers or their Affiliates on or after the Closing to the Transferred Employees.

  • Bonus Payment means a cash payment in an amount equal to the sum of (i) all Excise Taxes payable by the 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 the 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, the 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 the 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 the Executive is not subject to state income taxes. Further assume that the Executive has received an excess parachute payment in the amount of $200,000, on which $40,000 ($200,000 x 20%) in Excise Taxes are payable. The amount of the required Bonus Payment is thus computed to be $100,000, i.e., 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.

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

  • 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).

  • Retention Bonus means the amount equal to:

  • Incentive Payment means the payment to a STGU, including an AOBC Generation Unit, for RPS class I Renewable Generation Attributes and/or Environmental Attributes produced by these units, calculated pursuant to Section 7.0 below.

  • Separation Payment means any lump sum cash payment in excess of Earned Salary and Accrued Obligations payable to Employee under this Agreement.

  • Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of all distributions per Unit of that Class during the Performance Bonus Term exceeds $25.00.

  • Severance Payment means any amount paid by a board to or in behalf of a superintendent on early termination of the superinten- dent’s contract that exceeds the amount earned by the superinten- dent under the contract as of the date of termination, including any amount that exceeds the amount of earned standard salary and benefits that is paid as a condition of early termination of the con- tract. Payments to a former superintendent who remains employed by a district in another capacity or contracts with a district to pro- vide the district services may be severance payments in whole or in part if the payments are compensation for the early termination of a prior employment agreement. Severance payments include any payment for actual or threatened litigation involving or related to the employment contract. Education Code 11.201(c); 19 TAC 105.1021(a)(1)

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

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

  • Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award Agreement.

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

  • Earnout Payment has the meaning set forth in Section 2.3(b).

  • Cash Incentive Award means a cash award granted pursuant to Section 8 of this Plan.

  • Earn-Out Payment has the meaning set forth in Section 2.5(a).

  • Deferred Sales Charge Payment Date means June 10, 2015 and the tenth day of each month thereafter through October 10, 2015.

  • Earnout Payments has the meaning specified in Section 2.7.

  • Earnout Amount has the meaning set forth in Section 2.7(a).

  • Severance Payments shall have the meaning set forth in Section 6.1 hereof.

  • Earned Bonus means the bonus paid, if any, pursuant to the Company’s incentive compensation plans in effect from time to time. Earned Bonus shall be prorated based on the ratio of the number of days during such year that Executive was employed to 365.

  • Severance Amount means:

  • Change in Control Payment shall have the meaning stated in Section 6.4 hereof.

  • Net Cash Payments means, with respect to any Disposition, the aggregate amount of all cash payments received by the Company and its Restricted Subsidiaries directly or indirectly in connection with such Disposition, whether at the time of such Disposition or after such Disposition under deferred payment arrangements or Investments entered into or received in connection with such Disposition (including, without limitation, Disposition Investments); provided that:

  • Earn-Out Payments has the meaning set forth in Section 2.3(a).