Common use of RESTRUCTURING BONUS Clause in Contracts

RESTRUCTURING BONUS. You understand and agree that certain provisions of your current employment agreement including, but not limited to, terms relating to automatic renewal of the term of the agreement, terms relating to a Change in Control, and the effect and scope of restrictive covenants will be restructured in a New Agreement or by way of an Amendment (the "RESTRUCTURING"). As consideration for your prior agreement to the Restructuring, the Company will pay you $277,500.00 (the "RESTRUCTURING BONUS") on or before December 31, 2000, reduced by any applicable withholding taxes and withheld 401(k) deferrals. By accepting this Restructuring Bonus, you agree to cooperate with the Company in the good faith negotiation and prompt execution of a New Agreement or Amendment, which will include, but not be limited to, the Restructuring. In addition to repayment of the Retention Repayment Amount, as provided above, you agree to repay the "RESTRUCTURING BONUS AMOUNT" (defined to mean the Restructuring Bonus, net of taxes paid and/or withheld and withheld 401(k) deferrals) if you and the Company are unable to agree on a mutually acceptable New Agreement or Amendment by January 31, 2001, such repayment to be made no later than February 15, 2001.

RESTRUCTURING BONUS. You understand and agree that certain provisions of your current employment agreement including, but not limited to, terms relating to automatic renewal of the term of the agreement, terms relating to a Change in Control, and the effect and scope of restrictive covenants will be restructured in a New Agreement or by way of an Amendment (the "RESTRUCTURING"). As consideration for your prior agreement to the Restructuring, the Company will pay you $277,500.00 1,000,000.00 (the "RESTRUCTURING BONUS") on or before December 31, 2000, reduced by any applicable withholding taxes and withheld 401(k) deferrals. By accepting this Restructuring Bonus, you agree to cooperate with the Company in the good faith negotiation and prompt execution of a New Agreement or Amendment, which will include, but not be limited to, the Restructuring. In addition to repayment of the Retention Repayment Amount, as provided above, you agree to repay the "RESTRUCTURING BONUS AMOUNT" (defined to mean the Restructuring Bonus, net of taxes paid and/or withheld and withheld 401(k) deferrals) if you and the Company are unable to agree on a mutually acceptable New Agreement or Amendment by January 31, 2001, such repayment to be made no later than February 15, 2001.

RESTRUCTURING BONUS. You understand and agree that certain provisions of your current employment agreement including, but not limited to, terms relating to automatic renewal of the term of the agreement, terms relating to a Change in Control, and the effect and scope of restrictive covenants will be restructured in a New Agreement or by way of an Amendment (the "RESTRUCTURING"). As consideration for your prior agreement to the Restructuring, the Company will pay you $277,500.00 281,250.00 (the "RESTRUCTURING BONUS") on or before December 31, 2000, reduced by any applicable withholding taxes and withheld 401(k) deferrals. By accepting this Restructuring Bonus, you agree to cooperate with the Company in the good faith negotiation and prompt execution of a New Agreement or Amendment, which will include, but not be limited to, the Restructuring. In addition to repayment of the Retention Repayment Amount, as provided above, you agree to repay the "RESTRUCTURING BONUS AMOUNT" (defined to mean the Restructuring Bonus, net of taxes paid and/or withheld and withheld 401(k) deferrals) if you and the Company are unable to agree on a mutually acceptable New Agreement or Amendment by January 31, 2001, such repayment to be made no later than February 15, 2001.