Determination of Participant Bonuses Sample Clauses

Determination of Participant Bonuses. (a) Each Participant’s right to the Bonus provided in the 2007 Participant List shall become payable if the Participant is employed with the Company, a Subsidiary, or a HLTH Company on the Participant Bonus Determination Date. Immediately prior to and effective on the Participant Bonus Determination Date, the Trustee shall reallocate the amounts then credited to the Forfeiture Account (the “First Allocable Amount”) to the Accounts of those Participants who are remaining in the program on such date and who are not Executive Officers. The amount of the First Allocable Amount reallocated to each such Participant’s Account shall be that portion of the First Allocable Amount that bears the same relation to the total First Allocable Amount as the applicable Participant’s Account balance bears to the aggregate amount of all the Account balances of those Participants who are not Executive Officers. Immediately following the reallocation of the First Allocable Amount and effective on the Participant Bonus Determination Date, the Trustee shall reallocate the amounts then credited to the Income Account (the “Second Allocable Amount”) to the Accounts of all of the Participants who are remaining in the program on such date. The amount of the Second Allocable Amount reallocated to the Account of each Participant shall be that part of the Second Allocable Amount that bears the same relation to the total Second Allocable Amount as such Participant’s Account balance bears to the aggregate amount of all of the Account balances of Participants (after giving effect to the reallocation of the Forfeiture Account as provided above). The Participants’ Bonuses shall automatically be increased by such reallocated amounts.
Sample 1
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Related to Determination of Participant Bonuses

  • VALUE OF PARTICIPANT'S ACCRUED BENEFIT If a distribution (other than a distribution from a segregated Account) occurs more than 90 days after the most recent valuation date, the distribution will include interest at: (Choose (a), (b) or (c))

  • PARTICIPANT ELECTIONS AFTER SEPARATION FROM SERVICE A Participant who is eligible to make distribution elections under Section 6.03 of the Plan may elect to commence distribution of his Nonforfeitable Accrued Benefit: (Choose at least one of (a) through (c))

  • Incentive Bonus Compensation The Executive shall be eligible for incentive bonus compensation for each Fiscal Year in an amount to be determined by the Board of Directors or any committee thereof ("INCENTIVE BONUS COMPENSATION").

  • Salary Benefits and Bonus Compensation 3.1 BASE SALARY. Effective July 1, 2000, as payment for the services to be rendered by the Employee as provided in Section 1 and subject to the terms and conditions of Section 2, the Employer agrees to pay to the Employee a "Base Salary" at the rate of $180,000 per annum, payable in equal bi-weekly installments. The Base Salary for each calendar year (or proration thereof) beginning January 1, 2001 shall be determined by the Board of Directors of Avocent Corporation upon a recommendation of the Compensation Committee of Avocent Corporation (the "Compensation Committee"), which shall authorize an increase in the Employee's Base Salary in an amount which, at a minimum, shall be equal to the cumulative cost-of-living increment on the Base Salary as reported in the "Consumer Price Index, Huntsville, Alabama, All Items," published by the U.S. Department of Labor (using July 1, 2000, as the base date for computation prorated for any partial year). The Employee's Base Salary shall be reviewed annually by the Board of Directors and the Compensation Committee of Avocent Corporation.

  • Discretionary Bonuses The Employee shall participate in an equitable manner with all other senior management employees of the Bank in discretionary bonuses that the Board may award from time to time to the Bank’s senior management employees. No other compensation provided for in this Agreement shall be deemed a substitute for the Employee’s right to participate in such discretionary bonuses.

  • Bonus Compensation The Executive shall not receive any bonus payment whatsoever pursuant to Section 3.02 or the Bonus Plan except such bonus which is already earned and due to be paid up to and including the Termination Date, notwithstanding any period following the Termination Date during which the Executive may receive any payments or benefits under the terms of the Agreement.

  • Compensation Benefits Etc During the Employment Period, the Manager shall be compensated as follows:

  • Participant Contributions If Participant contributions are permitted, complete (a), (b), and (c). Otherwise complete (d).

  • Annual Bonus Compensation In addition to your Salary, during the Employment Term you shall be eligible to earn an annual bonus for each whole or partial calendar year during the Employment Term, determined and payable as follows (the “Bonus”):

  • Discretionary Bonus The Executive shall be entitled to participate in an equitable manner with all other senior management employees of the Bank in discretionary bonuses that may be authorized and declared by the Board of Directors to its senior management executives from time to time. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's right to participate in such discretionary bonuses when and as declared by the Board.

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