Common use of Bonus Award Clause in Contracts

Bonus Award. On January 31, 2007, the Company shall pay you a one-time, lump-sum cash bonus equal to $27,000 (the “Bonus”), subject to your continued employment with the Company through that date; however, the requirement of being employed on January 31, 2007 shall be waived if, before such date, you either die in service or your employment is terminated without “Cause” (as defined in the Ply Gem Prime Holdings, Inc. Amended and Restated Phantom Stock Plan), in either of which cases you shall be entitled to receive the Bonus as soon as reasonably practicable following the date of such death or termination.

Appears in 1 contract

Samples: Ply Gem Holdings Inc

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Bonus Award. On January 31, 2007, the Company shall pay you a one-time, lump-sum cash bonus equal to $27,000 76,000 (the “Bonus”), subject to your continued employment with the Company through that date; however, the requirement of being employed on January 31, 2007 shall be waived if, before such date, you either die in service or your employment is terminated without “Cause” (as defined in the Ply Gem Prime Holdings, Inc. Amended and Restated Phantom Stock Plan), in either of which cases you shall be entitled to receive the Bonus as soon as reasonably practicable following the date of such death or termination.

Appears in 1 contract

Samples: Ply Gem Holdings Inc

Bonus Award. On January 31, 2007, the Company shall pay you a one-time, lump-sum cash bonus equal to $27,000 26,000 (the “Bonus”), subject to your continued employment with the Company through that date; however, the requirement of being employed on January 31, 2007 shall be waived if, before such date, you either die in service or your employment is terminated without “Cause” (as defined in the Ply Gem Prime Holdings, Inc. Amended and Restated Phantom Stock Plan), in either of which cases you shall be entitled to receive the Bonus as soon as reasonably practicable following the date of such death or termination.

Appears in 1 contract

Samples: Ply Gem Holdings Inc

Bonus Award. On January 31, 2007, the Company shall pay you a one-time, lump-sum cash bonus equal to $27,000 18,000 (the “Bonus”), subject to your continued employment with the Company through that date; however, the requirement of being employed on January 31, 2007 shall be waived if, before such date, you either die in service or your employment is terminated without “Cause” (as defined in the Ply Gem Prime Holdings, Inc. Amended and Restated Phantom Stock Plan), in either of which cases you shall be entitled to receive the Bonus as soon as reasonably practicable following the date of such death or termination.

Appears in 1 contract

Samples: Ply Gem Holdings Inc

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Bonus Award. On January 31, 2007, the Company shall pay you a one-time, lump-sum cash bonus equal to $27,000 90,000 (the “Bonus”), subject to your continued employment with the Company through that date; however, the requirement of being employed on January 31, 2007 shall be waived if, before such date, you either die in service or your employment is terminated without “Cause” (as defined in the Ply Gem Prime Holdings, Inc. Amended and Restated Phantom Stock Plan), in either of which cases you shall be entitled to receive the Bonus as soon as reasonably practicable following the date of such death or termination.

Appears in 1 contract

Samples: Ply Gem Holdings Inc

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