Unit Bonus definition
Examples of Unit Bonus in a sentence
The holders of 100% of the Incentive Units shall have delivered Incentive Unit Bonus and Release Agreements, which Incentive Unit Bonus and Release Agreements shall not have been amended, supplemented or modified in any manner since the date of such delivery and shall be in full force and effect.
Executive shall be granted rights to receive "Participating Units" equivalent to the cash value of 451,091 shares of Company Common Stock minus $0.40, pursuant to and as defined in the Company's Change of Control Bonus Plan (the "Unit Bonus").
The Company hereby grants to you «Number» Series FY03-2 Performance Units (the “Performance Units”) under the terms of the Applera Corporation Performance Unit Bonus Plan (the “Plan”).
The Company hereby grants to you «Number» Series FY03-4 Performance Units (the “Performance Units”) under the terms of the Applera Corporation Performance Unit Bonus Plan (the “Plan”).
For the avoidance of doubt, upon the termination of this Agreement, including without limitation in connection with the termination of Employee’s employment or other service relationship with the Company, Employee shall forfeit any portion of the Special Baseline Bonus and the Special Unit Bonus that has not vested and become payable to Employee prior to such termination and Employee shall have no further rights hereunder.
Any portion of the Special Unit Bonus that becomes vested and payable pursuant to the preceding sentence shall be paid to Employee, either as a lump-sum cash payment or as shares of Common Stock of equivalent fair market value as of the applicable payment date, as elected by the Board, by no later than thirty (30) days following the date on which it becomes vested and payable.
Prior to the Closing Date, the Company and the Managing Members shall cause all Incentive Units to be cancelled and terminated in accordance with the Incentive Unit Bonus and Release Agreements, and shall cause each former holder of Incentive Units to deliver an executed Incentive Unit Bonus and Release Agreement.
The Company hereby grants to you «Number» Series FY03-3 Performance Units (the “Performance Units”) under the terms of the Applera Corporation Performance Unit Bonus Plan (the “Plan”).
Under the Business Unit Bonus Plan for fiscal 2009, individual metrics are established for each participant.
It shall be a condition to each Unit Bonus and to the exercise of each Option that the Participant sign a joinder to the Operating Agreement of the Company; the form of such joinder will be determined by the Committee.