Common use of Integration Bonus Clause in Contracts

Integration Bonus. Subject to the consummation of the Merger, and provided that the Executive satisfactorily performs her duties, as described in Section 2 above, as determined in good faith by the Company Board prior to the close of the Merger, and by the Chief Executive Officer or the President and Chief Operating Officer of Parent from and following the close of the Merger, and either the Executive remains employed by the Company through the Separation Date or the Executive’s employment is terminated by Parent or the Company other than for Cause on or prior to the Separation Date, the Executive will be entitled to receive a bonus (the “Integration Bonus”) in an amount equal to $200,000, payable as soon as practicable, but in no event later than, 15 calendar days following the Separation Date.

Integration Bonus. Subject to the consummation of the Merger, and provided that the Executive satisfactorily performs her his duties, as described in Section 2 above, as determined in good faith by the Company Board prior to the close of the Merger, and by the Chief Executive Officer or the President and Chief Operating Financial Officer of Parent from and following the close of the Merger, and either the Executive remains employed by the Company through the Separation Date or the Executive’s employment is terminated by Parent or the Company other than for Cause on or prior to the Separation Date, the Executive will be entitled to receive a bonus (the “Integration Bonus”) in an amount equal to $200,000110,000, payable as soon as practicable, but in no event later than, 15 calendar days following the Separation Date.