Lump Sum Bonus. On April 1, 1997, the Company shall pay the Executive, as a retention bonus, a lump sum amount equal to three months' of the Executive's salary (calculated as $34,612.50 for base pay including car allowance, minus applicable withholding taxes and similar items).
Appears in 2 contracts
Sources: Management Retention Agreement (Champion Parts Inc), Management Retention Agreement (Champion Parts Inc)
Lump Sum Bonus. On April 1, 1997, the Company shall pay the Executive, as a retention bonus, a lump sum amount equal to three months' of the Executive's salary (calculated as $34,612.50 19,300.00 for base pay including car allowance, minus applicable withholding taxes and similar items).
Appears in 1 contract
Sources: Management Retention Agreement (Champion Parts Inc)
Lump Sum Bonus. On April 1, 1997, the Company shall pay the Executive, as a retention bonus, a lump sum amount equal to three months' of the Executive's salary (calculated as $34,612.50 25,020.00 for base pay including car allowance, minus applicable withholding taxes and similar items).
Appears in 1 contract
Sources: Management Retention Agreement (Champion Parts Inc)