Payment of Retention Bonus. (a) Executive's Election. Within 14 days following the Effective -------------------- Date, Executive shall notify the Company in writing of his or her election of the payment methodology (i) or (ii), below. Executive shall not be permitted to change his or her election, once made.
Payment of Retention Bonus. Any portion of the Retention Bonus which becomes payable in accordance with this Section 3.1 shall be paid to the Employee in a lump sum not later than 30 days following the applicable Vesting Date. The payments under this Agreement are intended to meet the requirements of the short-term deferral exemption under Section 409A of the Code.
Payment of Retention Bonus. Subject to the requirements of Section 2 above, the Retention Bonus shall be payable as soon as administratively practicable after the Release Effective Date, but no later than the first regularly scheduled payroll date following such date; provided, however, that to the extent required by Section 409A of the Internal Revenue Code of 1986, as amended, and the corresponding regulations and guidance promulgated thereunder (the “Code”), if the period between the date of the applicable payment triggering event and the deadline for execution of the Release set forth in Section 2 spans two calendar years, the Retention Bonus shall not be paid until the second calendar year. The Employee agrees that the Company may withhold from the Retention Bonus, to the extent permitted by law, any amounts that the Employee owes the Company at the time of payment of such Retention Bonus.
Payment of Retention Bonus. Subject to the terms and conditions of this Agreement, the Retention Bonus (or portion thereof) that becomes vested in accordance with Section 3 hereof shall be paid, in cash, upon the Payment Date.
Payment of Retention Bonus. If Employee is employed through the Retention Period, the Retention Bonus will be paid out in accordance with the following payment schedule:
Payment of Retention Bonus. A vested installment of the Retention Bonus will be paid to Employee not later than five (5) business days after the date of vesting of such installment.
Payment of Retention Bonus. If the Executive remains employed with the Company on each of the respective Retention Dates as follows, he will earn the corresponding percentage of the Retention Bonus as of the respective date:
Payment of Retention Bonus. The Retention Bonus will be due and payable by Hardinge on the Payment Date. The Retention Bonus shall be subject to withholding of all applicable taxes and other deductions.
Payment of Retention Bonus. The Retention Bonus shall be paid in a lump sum payment, without interest or earnings, within five (5) business days following the closing of the Transaction.
Payment of Retention Bonus. If Employee is entitled to the Retention Bonus pursuant to Section 2.1 above, the Retention Bonus shall be due and payable to Employee on the earlier of March 1, 2007 or on the Final Disposition of the Nashua Eminent Domain Case, in a lump sum, less applicable tax (e.g., FICA, FUTA) withholding amounts, if paid in cash.
