Sale Bonus definition

Sale Bonus means an unfunded right to receive a payment under this Plan.

Sale Bonus means an amount equal to: (A) the "Vested Percentage" (as hereinafter defined), multiplied by (B) the "Maximum Sale Bonus Opportunity" (as hereinafter defined).

Sale Bonus means any amount payable to a Sale Bonus Participant pursuant to a Sale Bonus Plan.

Examples of Sale Bonus in a sentence

• The Sale Bonus shall be paid to you within three (3) months of the completion of the Sale.

• In the event of your Involuntary Termination on or after August 1, 2000 and prior to a Triggering Event, you shall remain entitled to receive the Sale Bonus in the event of a subsequent Triggering Event and a corresponding Change in Control in the same manner as if your employment with the Company had continued through the end of the Term.

• The parties hereto acknowledge and agree that you shall be entitled to receive an initial Sale Bonus under this Letter Agreement which shall become payable in connection with the first Triggering Event that occurs during the Term, which results in a Change in Control.

• The Sale Bonus Adjustment shall not be made for asset sales made in the ordinary course of business.

• The amount of each Sale Bonus Adjustment shall be calculated in respect to the aggregate of all such transactions made during the Term, including those previously resulting in the Triggering Event.

More Definitions of Sale Bonus

Sale Bonus means any stay bonus, change of control payment, or other amount paid as a result of the transactions contemplated by this Agreement.

Sale Bonus has the meaning set forth in the definition of Transaction Expenses.

Sale Bonus means any Change of Control Payments payable to any of the Company’s current or former managers, directors, officers, employees or other service providers.

Sale Bonus has the meaning set forth in Section 8.16.

Sale Bonus means the total amount payable to you under the terms of this letter and is comprised of two components: the Closing Bonus and the Supplemental Bonus, if any.

Sale Bonus means a bonus payable to a Participant pursuant to Section 7 of the Plan.

Sale Bonus is an amount equal to the sum of (i) 1 percent of the portion of the “Total Consideration” equal to or less than $100 million, plus (ii) 2 percent of the portion of the Total Consideration in excess of $100 million. Executive will have the right, in his/her sole discretion, to waive receipt of the whole or any portion of the Sale Bonus otherwise due to Executive pursuant to this Agreement if and to the extent that Executive determines that reduction in the amount of the Sale Bonus or waiver of the Sale Bonus would give Executive an income tax benefit. Any reduction by Executive of the amount of Sale Bonus received as provided in this Agreement will not affect Executive’s other rights to the Sale Bonus. Any waiver or reduction in the amount of the Sale Bonus will not affect Executive’s rights to other provisions of this Agreement. All amounts payable by the Company to Executive pursuant to this Agreement, including without limitation all cash compensation, any Sale Bonus, and any settlement of stock options, are subject to and will be reduced by amounts the Company is required to withhold for all applicable federal, state, and local income, payroll and other taxes.