Payment of Bonuses Contract Clauses (39)

Grouped Into 4 Collections of Similar Clauses From Business Contracts

This page contains Payment of Bonuses clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Payment of Bonuses. Bonuses for a Plan Year will be paid in cash to a Participant (or his/her beneficiary, in the event of death) by March 15th of the following year, except (i) as is otherwise determined in the sole discretion of the Board, the Compensation Committee or the Company's management, as appropriate, or (ii) as may be necessary or advisable to comply with regulations, laws, employment agreements or employment contracts applicable to a particular Participant; provided, however, that in all cases, the pay...ment date of any Bonus for any Participant who is subject to Section 409A of the Internal Revenue Code of 1986, as amended, or any state law of similar effect ("Section 409A") will be designed to either comply with Section 409A or satisfy an exemption from application of Section 409A, and the Plan will be administered and interpreted to the greatest extent possible in compliance with Section 409A or in accordance with such exemption, as applicable. Benefits under this Plan are not transferable, and the Plan is unfunded. View More
Found in Jazz Pharmaceuticals plc contract
Payment of Bonuses. Bonuses for a Plan Year will be paid in cash to a Participant (or his/her beneficiary, in the event of death) by 15 March 15th of the following year, year (the "Bonus Payment Date"), except (i) as is otherwise determined in the sole discretion of the Board, the Compensation Committee or the Company's management, as appropriate, or (ii) as may be necessary or advisable to comply with regulations, laws, employment agreements or employment contracts applicable to a particular Participant; provided,... however, that Participant. Notwithstanding the foregoing, in all cases, the payment date of any Bonus for any Participant who is subject to Section 409A of the United States Internal Revenue Code of 1986, as amended, or any state law of similar effect ("Section 409A") will be designed to either comply with Section 409A or satisfy an exemption from application of Section 409A, and the Plan will be administered and interpreted to the greatest extent possible in compliance with Section 409A or in accordance with such exemption, as applicable. Benefits under this Plan are not transferable, to the extent permissible under applicable local law, and the Plan is unfunded. View More
Found in Jazz Pharmaceuticals plc contract
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Payment of Bonuses. (a)Timing of Distributions. The Company and its Affiliates shall distribute amounts payable to Participants as soon as is administratively practicable following the determination and written certification of the Committee for a Performance Period, but in no event later than two and one-half months after the end of the calendar year in which the Performance Period ends, except to the extent a Participant has made a timely election to defer the payment of all or any portion of such Bonus under the... Electronic Arts Inc. Deferred Compensation Plan or any other Company approved deferred compensation plan or arrangement. (b)Payment. The payment of a Bonus, if any (as determined by the Committee at the end of the Performance Period), with respect to a specific Performance Period requires that the employee be an active employee on the Company's or its Affiliate's payroll on the date that such Bonus is paid, subject to subsection (d), below. Additionally, the Committee may make exceptions to the foregoing active employment requirement in the case of death or disability, or in the case of a corporate change in control, in each case as determined by the Committee. (c)The Bonus shall be payable in cash in a single lump sum. (d)Change in Status. A Participant who has a change in status that results in being ineligible to participate in this Plan in a Performance Period may receive a prorated Bonus, if any (as determined by the Committee at the end of the Performance Period, in its sole discretion), under this Plan; the method in which a Bonus is prorated shall be determined by the Committee in its sole discretion. (e)Code Section 409A. To the extent that any Bonus under the Plan is subject to Code Section 409A, the terms and administration of such Bonus shall comply with the provisions of such Section, applicable IRS guidance and, good faith reasonable interpretations thereof, and, to the extent necessary to achieve compliance, shall be modified, replaced, or terminated at the discretion of the Committee. View More
Found in Electronic Arts contract
Payment of Bonuses. (a)Timing (a) Timing of Distributions. The Company and its Affiliates Subsidiaries shall distribute amounts payable to Participants at such time(s) as soon as is administratively practicable determined by the Committee following the determination and written certification of the Committee for a Performance Period, but in no event later than two and one-half months after the end of the calendar year in which the applicable Performance Period ends, except to the extent a Participant has made a tim...ely election to defer the payment of all or any portion of such Bonus under the Electronic Arts Inc. Deferred Compensation Plan or any other Company approved a Company-approved deferred compensation plan or arrangement. (b)Payment. The (b) Payment. Unless otherwise determined by the Committee, the payment of a Bonus, if any (as determined by the Committee at the end of the Performance Period), any, with respect to a specific Performance Period requires that is subject to the employee be Participant remaining an active employee on the Company's or its Affiliate's a Subsidiary's payroll on through the date that such Bonus is paid, subject applicable payment date. (d) Code Section 409A. The Bonuses payable under the Plan are intended to subsection (d), below. Additionally, the Committee may make exceptions be excluded from coverage under Code Section 409A pursuant to the foregoing active employment requirement in the case of death or disability, or in the case of a corporate change in control, in each case as determined by the Committee. (c)The Bonus shall be payable in cash in a single lump sum. (d)Change in Status. A Participant who has a change in status that results in being ineligible "short-term deferral rule." However, to participate in this Plan in a Performance Period may receive a prorated Bonus, if any (as determined by the Committee at the end of the Performance Period, in its sole discretion), under this Plan; the method in which a Bonus is prorated shall be determined by the Committee in its sole discretion. (e)Code Section 409A. To the extent that any Bonus under the Plan is subject to Code Section 409A, the terms and administration of such Bonus shall comply with the provisions of such Section, applicable IRS guidance and, and good faith reasonable interpretations thereof, and, to the extent necessary to achieve compliance, shall be modified, replaced, or terminated at the discretion of the Committee. View More
Found in United Therapeutics Corp contract
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Payment of Bonuses. Earned bonus payments, regardless as to form, shall be paid as soon as administratively feasible after December 31, 2014 but in no event later than March 15, 2015. All payments shall be reduced by applicable required withholdings.
Found in INSIGNIA SYSTEMS INC contract
Payment of Bonuses. Earned bonus payments, regardless as to form, shall be paid as soon as administratively feasible after December 31, 2014 2015 but in no event later than March 15, 2015. 2016. All payments shall be reduced by applicable required withholdings.
Found in INSIGNIA SYSTEMS INC contract
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Payment of Bonuses. Provided that the Employee returns an effective Release as described in Section 2 above, the Bonus shall be paid to Employee in a single lump sum cash payment on the later of (i) December 15, 2015 or (ii) the effective date of the Release, provided that the Bonus shall in any case be paid on or before January 31, 2016.
Found in Eiger BioPharmaceuticals, Inc. contract
Payment of Bonuses. Provided that the Employee returns an effective Release as described in Section 2 above, the Bonus shall be paid to Employee in a single lump sum cash payment on the later of (i) December 15, 2015 January 5, 2016 or (ii) the effective date of the Release, provided that the Bonus shall in any case be paid on or before January 31, 2016.
Found in Eiger BioPharmaceuticals, Inc. contract
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