Common use of Retention Award Clause in Contracts

Retention Award. You will be eligible to receive a Retention Award equal to $250,000 on November 1, 2017 (the “Vesting Date”), subject to your continued employment with the Company through the Vesting Date. To the extent earned, the Retention Award will be payable, less applicable withholding taxes, as soon as practicable following the Vesting Date and, in any event, no later than ten (10) business days thereafter.

Appears in 3 contracts

Samples: Rite Aid Corp, Rite Aid Corp, Rite Aid Corp

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Retention Award. You will be eligible to receive a Retention Award equal to $250,000 500,000 on November 1, 2017 (the “Vesting Date”), subject to your continued employment with the Company through the Vesting Date. To the extent earned, the Retention Award will be payable, less applicable withholding taxes, as soon as practicable following the Vesting Date and, in any event, no later than ten (10) business days thereafter.

Appears in 1 contract

Samples: Rite Aid Corp

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Retention Award. You will be eligible to receive a Retention Award equal to $250,000 100,000 on November 1, 2017 (the “Vesting Date”), subject to your continued employment with the Company through the Vesting Date. To the extent earned, the Retention Award will be payable, less applicable withholding taxes, as soon as practicable following the Vesting Date and, in any event, no later than ten (10) business days thereafter.

Appears in 1 contract

Samples: Rite Aid Corp

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