LTIP Awards. You shall be entitled to cash LTIP awards equal to (i) $100,000 which shall be due November 14, 2009, and (ii) $45,000 which shall be due on November 14, 2010. If you leave the Company voluntarily without Good Reason, payments scheduled after your termination date will not be due. In the event of an involuntary termination without Cause, any unpaid amounts would become immediately payable. Payments will also accelerate and be due upon a Change of Control of the Company or your termination for Good Reason.
Appears in 3 contracts
Sources: Employment Agreement (Cambium-Voyager Holdings, Inc.), Employment Agreement (Voyager Learning CO), Employment Agreement (Voyager Learning CO)