Transaction Bonus Pool definition

Transaction Bonus Pool has the meaning set forth in Section 6.1(b).

Transaction Bonus Pool means the Benefit Plan identified on Section 1.1(c) of the Company Disclosure Letter.

Transaction Bonus Pool shall have the meaning set forth in Section 5.2(c) of the Company Disclosure Schedule.

Examples of Transaction Bonus Pool in a sentence

• At the Closing, Parent shall pay, or cause to be paid, the Transaction Bonus Pool Amount to the individuals and in the amounts set forth in Schedule 7.4(c) in accordance with the amounts and wire transfer instructions set forth in the Closing Date Capitalization Statement.

• If any portion of the Transaction Bonus Pool is not earned by, and paid to, a Transaction Bonus Pool recipient pursuant to the terms of the Transaction Bonus Letters, then Buyer will cause (i) ninety percent (90%) of any such unearned and unpaid amount(s) to be paid to Keith Charette and (ii) ten percent (10%) of any such unearned and unpaid amount(s) to be paid to Steven Glaser, in each case at the time such payment would have been required to have been made to the applicable bonus recipient.

• At Closing, Buyer will pay or cause to be paid the Transaction Bonus Pool to the Escrow Agent pursuant to the terms of the Escrow Agreement, those certain bonus letters furnished by the Company to the recipients thereof in the form set forth in Exhibit E hereto (the “Transaction Bonus Letters”).

More Definitions of Transaction Bonus Pool

Transaction Bonus Pool means an aggregate pool equal to five percent (5%) of the Deal Proceeds with respect to a Transaction.

Transaction Bonus Pool means eight-tenths of one percent (.8%) of the Transaction Price of each Transaction.

Transaction Bonus Pool means an amount determined in accordance with Exhibit A attached hereto.

Transaction Bonus Pool means 1% of the Equity Value over $1 billion.

Transaction Bonus Pool means the aggregate amount to be distributed to Participants pursuant to the Transaction Bonus Plan at Closing, plus the amount of any Taxes payable by the Company and its Subsidiaries as a result of such distribution (including, for the avoidance of doubt, the employer’s share of any Federal Insurance Contribution Act Taxes and any unemployment insurance); provided, that any such Taxes shall not include Federal Insurance Contribution Act Taxes payable with respect to the recipients of such payments who are employees of the Company or its Subsidiaries whose total compensation (other than the amounts payable under the Transaction Bonus Plan) that would be payable to them by the Company or one of its Subsidiaries, as applicable, during the calendar year in which the Closing occurs (assuming all such recipients remained employed by the Company or one of its Subsidiaries for the entire year and disregarding any transaction, retention or change-in-control bonus payment payable in connection with the transaction contemplated hereby) is anticipated to be in excess of the social security wage base for the calendar year in which the Closing occurs.

Transaction Bonus Pool has the meaning ascribed to such term in the Resources LLC Agreement.

Transaction Bonus Pool means the amount available for distribution under the Agreement upon the Change of Control Transaction. As used herein, the term “terminated without Cause” or phrase of similar import shall include the voluntary termination of his employment with the Company or NSI by the Employee after a not insubstantial diminution in his compensation, benefits, title or responsibilities or a requirement that he make a geographic move of more than or the move of NSI’s headquarters more than 25 miles.