Cash Incentive Bonus. Executive shall receive a lump-sum cash payment if and to the extent that during the period between the Effective Date and the one-year anniversary of the Effective Date (the “Measurement Period”), any of the following conditions set forth in Section 5.3.1 are satisfied, provided that, in addition, at least one of the conditions set forth in Section 5.3.2 is also satisfied (the “Incentive Bonus”), in each case as determined by the Board in its sole discretion, to be paid within 30 days after achievement of such conditions:
Appears in 4 contracts
Samples: Executive Employment Agreement (Lilis Energy, Inc.), Executive Employment Agreement (Lilis Energy, Inc.), Executive Employment Agreement (Lilis Energy, Inc.)
Cash Incentive Bonus. Executive shall receive a lump-sum cash payment if and to the extent that during the period between the Effective Date and the one-year anniversary of the Effective Date (the “Measurement Period”), any of the following conditions set forth in Section 5.3.1 5.2.1 are satisfied, provided that, in addition, at least one of the conditions set forth in Section 5.3.2 5.2.2 is also satisfied (the “Incentive Bonus”), in each case as determined by the Board in its sole discretion, to be paid within 30 days after achievement of such conditions:
Appears in 4 contracts
Samples: Executive Employment Agreement (Lilis Energy, Inc.), Executive Employment Agreement (Lilis Energy, Inc.), Executive Employment Agreement (Lilis Energy, Inc.)
Cash Incentive Bonus. Executive shall receive a lump-sum cash payment if and to the extent that during the period between the Effective Date and the one-year anniversary of the Effective Date (the “Measurement Period”), any of the following conditions set forth in Section 5.3.1 are satisfied, provided that, in addition, at least one of the conditions set forth in Section 5.3.2 is also satisfied (the “Incentive Bonus”), in each case as determined by the Board in its sole discretion, to be paid within 30 days after achievement of such conditionscondition:
Appears in 2 contracts
Samples: Executive Employment Agreement (Lilis Energy, Inc.), Executive Employment Agreement (Lilis Energy, Inc.)
Cash Incentive Bonus. Executive shall receive a lump-sum cash payment if and to the extent that during the period between the Effective Date and the one-year anniversary of the Effective Date (the “Measurement Period”), any of the following conditions set forth in Section 5.3.1 5.4.1 are satisfied, provided that, in addition, at least one of the conditions set forth in Section 5.3.2 5.4.2 is also satisfied (the “Incentive Bonus”), in each case as determined by the Board in its sole discretion, to be paid within 30 days after achievement of such conditions:
Appears in 1 contract
Samples: Confidential Severance and Release Agreement (Lilis Energy, Inc.)
