Common use of Payment of Bonuses Clause in Contracts

Payment of Bonuses. Each of the bonuses described above will be paid: • in a lump sum, • in your regular payroll currency, • according to the Intel group’s standard payroll practices, • subject to tax withholding and other applicable deductions, • upon a regularly scheduled payroll date, • except as otherwise provided in Section 1(C) above, with respect to the retention bonuses, within thirty (30) days following the First Retention Date or the Second Retention Date, as applicable, and • except as otherwise provided in Section 2(C) above, with respect to the incentive bonuses, within sixty (60) days following the First Incentive Date or the Second Incentive Date, as applicable.

Appears in 3 contracts

Samples: McAfee, Inc., McAfee, Inc., McAfee, Inc.

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Payment of Bonuses. Each of the bonuses described above will be paid: • in a lump sum, • in your regular payroll currency, • according to the Intel group’s standard payroll practices, • subject to tax withholding and other applicable deductions, • upon a regularly scheduled payroll date, • except as otherwise provided in Section 1(C) above, with respect to the retention bonuses, within thirty (30) days following the First Retention Date or the Second Retention Date, as applicable, and • except as otherwise provided in Section 2(C) above, with respect to the incentive bonuses, within sixty (60) days following the First Incentive Date or the Second Incentive Date, as applicable.

Appears in 1 contract

Samples: McAfee, Inc.

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