Common use of Completion Bonus Clause in Contracts

Completion Bonus. Subject to the provisions of Section 6(g) hereof, in the case of any termination (whether during the term of this Agreement or thereafter) other than by Employer for Cause or by Employee without Good Reason, then Employee shall be entitled to receive a lump-sum payment in the amount of $200,000.

Appears in 1 contract

Sources: Employment Agreement (United Industrial Corp /De/)

Completion Bonus. Subject to the provisions of Section 6(g) hereof, in upon the case termination of any termination employment of the Employee (whether during the term of this Agreement or thereafter) other than by Employer for Cause or by Employee without Good Reason, then the Employee shall be entitled to receive a lump-single sum payment in the amount of $200,000. The single sum payment shall be made to the Employee following expiration of the 409A Delay Period, as set forth in Section 6(g) below.

Appears in 1 contract

Sources: Employment Agreement (United Industrial Corp /De/)