Common use of Additional Retention Period Clause in Contracts

Additional Retention Period. If Executive remains an employee of Xxxxxxx or its successor throughout an additional retention period of three months following the end of the initial retention period, Xxxxxxx or its successor will pay to Executive the remaining one-half of the retention bonus as soon as practicable following the end of the additional retention period.

Appears in 4 contracts

Samples: Employment Agreement (Kimball Electronics, Inc.), Employment Agreement (Kimball Electronics, Inc.), Employment Agreement (Kimball International Inc)

AutoNDA by SimpleDocs

Additional Retention Period. If In the event Executive's employment continues past the end of the initial retention period, and if Executive remains an employee of Xxxxxxx or its successor throughout an additional retention period of three months following the end of the initial retention period, Xxxxxxx or its successor will pay to Executive the remaining one-half of the an additional retention bonus in the same amount as soon as practicable following the end of the additional retention period.

Appears in 2 contracts

Samples: Change in Control Agreement (Kimball International Inc), Change in Control Agreement (Kimball International Inc)

AutoNDA by SimpleDocs

Additional Retention Period. If Executive remains an employee of Xxxxxxx or its successor throughout an additional retention period of three months following the end of the initial retention period, Xxxxxxx or its successor will pay to Executive the remaining one-half of the retention bonus as soon as practicable within sixty (60) days following the end of the additional retention period.

Appears in 2 contracts

Samples: Employment Agreement (Kimball Electronics, Inc.), Employment Agreement (Kimball Electronics, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.