Retention Bonus Award. Executive shall be granted restricted stock of Marathon Petroleum Corporation, valued in the amount of $ 1,000,000 as of the actual grant date. As will be provided in the applicable award agreement, the award will vest in full on the third anniversary of the grant date; provided, however, that except as provided below or in the applicable award agreement, Executive must be providing continuous service to Marathon Petroleum Corporation or any of its subsidiaries or Affiliates from the grant date through the applicable vesting date in order for the restricted stock award to vest. Notwithstanding the foregoing, the applicable award agreement will provide that the restricted stock contemplated under this Paragraph 3.b.iii shall become fully vested upon Executive's separation from service as a result of the forced relocation of Executive's principal place of employment to a location more than 50 miles from Executive's then-current principal place of employment. The award of restricted stock of Marathon Petroleum Corporation contemplated under this Paragraph 3.b.iii. shall be subject to the terms and conditions of the Marathon Petroleum Corporation 2012 Incentive Compensation Plan, as amended, attached hereto as Exhibit E, and the applicable award agreement, which shall be similar in form to the Marathon Petroleum Corporation 2012 Incentive Compensation Plan Restricted Stock Award Agreement, attached hereto as Exhibit F. Notwithstanding the foregoing, if any payment, or portion thereof, must be delayed to comply with Section 409A of the Code because Executive is a "specified employee" as defined in Section 409A(a)(2)(B)(i) of the Code, the payment, or the portion so delayed, shall be made on the soonest date permissible without triggering the additional tax due under Section 409A of the Code.
Retention Bonus Award. Subject to Employee’s continued employment with the Company, the Company shall pay Employee a retention award in the amount of One Hundred Thousand Dollars ($100,000) (the “Retention Award”) on March 1, 2019 (the “Payment Date”), subject to any and all applicable federal, state, local, foreign and/or other withholding taxes and all other authorized payroll deductions. Employee shall no longer be eligible for the Retention Award if Employee’s employment is terminated for any reason prior to the Payment Date. Notwithstanding the foregoing: (a) in the event that the Company terminates Employee’s employment without Cause (as defined in the Employment Agreement) or Employee resigns from employment with Good Reason (as defined in the Employment Agreement) prior to the Payment Date, then the Company shall pay Employee the Retention Award on the Payment Date; and (b) in the event that a Change in Control (as defined in the Employment Agreement) occurs prior to the Payment Date, then Employee shall become eligible for the Retention Award, and the Retention Award will be paid to Employee on the day immediately preceding the occurrence of a Change in Control.
Retention Bonus Award. (a) Subject to the terms and conditions set forth in this Letter Agreement, you will be eligible to receive a retention bonus award (“Retention Award”) of restricted share units (“RSUs”) by Great Western under the Great Western Bancorp, Inc. 2014 Omnibus Incentive Compensation Plan, in the amount and on the date(s) set forth on Exhibit A to this Letter Agreement. The RSUs will only vest provided that you remain continuously employed by the Bank or one of its affiliates through the vesting date of the Retention Award. If the Bank terminates your employment without Cause (as defined below), prior to the vesting of your RSUs, you will be entitled to receive the value of your Retention Award in a lump sum cash payment within 60 days after the date of your termination of employment, provided that you execute and return a valid confidential general release agreement provided by Bank within the time period as specified by the Bank in the agreement (and if applicable, you do not revoke such agreement). If you terminate your employment for any reason or if the Bank terminates your employment for Cause, any unvested RSUs will be forfeited. If your employment ends due to a qualified Disability or Retirement, the RSUs will remain outstanding and vest on the applicable vesting date as if you had remained employed through the applicable vesting date.
Retention Bonus Award. The Retention Bonus shall be equal to $_______ (the “Retention Bonus”) and shall be paid by CresCom Bank, as successor by merger to the Bank (hereinafter, the “Bank”), in two installments. Unless this Agreement is previously terminated in accordance with paragraph 2 below, (i) one-half of the Retention Bonus shall be paid on the first payroll payment date of the Bank that occurs after the Effective Date of the Merger (as defined in the Merger Agreement) if you are employed by the Bank on the Effective Date, and (ii) the other half of the Retention Bonus shall be paid on the first payroll payment date of the Bank that occurs after the 180th day following the Effective Date if you are employed by the Bank on the 180th day following the Effective Date.
Retention Bonus Award. (a)Subject to the terms of this Agreement, the Company has granted you a cash retention bonus in the aggregate amount of U.S. $[____] (the “Retention Bonus”). Subject to your acceptance of this Agreement, including your repayment obligations, the Company will advance and prepay the Retention Bonus, net of applicable taxes and withholdings, on or before August 31, 2020.
Retention Bonus Award. If the conditions described in Section 3 are satisfied, you will be entitled to receive a one-time retention bonus in an amount equal to (the “Retention Bonus”).
Retention Bonus Award. In consideration for the severance benefits and consulting arrangements outlined herein, the Executive hereby waives her rights, if any, to a retention award and/or severance benefits under the Severance and Retention Agreement entered into between the Executive and Duke dated as of April 4, 2006 which agreement shall be null and void upon the effective date of this Agreement as determined in accordance with Section 6, without any further action by the parties hereto.
Retention Bonus Award. In consideration of Holder’s services and for other good and valuable consideration which the Board has determined, Customers hereby awards and assigns to the Holder, on the Grant Date, __________shares of Restricted Stock as an in-kind retention bonus award.
Retention Bonus Award. The Retention Bonus shall be equal to $_____________ (the “Retention Bonus”) and shall be paid by CresCom Bank, as successor by merger to First South Bank (hereinafter, the “Bank”), in two installments. Unless this Agreement is previously terminated in accordance with paragraph 2 below, (i) one-half of the Retention Bonus shall be paid on the first payroll payment date of the Bank that occurs after the 90th day following the Effective Date of the Merger (as defined in the Merger Agreement) if the Employee is employed by the Bank on the Effective Date, and (ii) the other half of the Retention Bonus shall be paid on the first payroll payment date of the Bank that occurs after the 180th day following the Effective Date if the Employee is employed by the Bank on the 180th day following the Effective Date.
Retention Bonus Award. (a) The Cash Retention Bonus shall be equal to $_____________ (the “Cash Retention Bonus”) and shall be paid by CresCom Bank, as successor by merger to First South Bank (hereinafter, the “Bank”), in two installments. Unless this Agreement is previously terminated in accordance with paragraph 2 below, (i) one-half of the Cash Retention Bonus shall be paid on the first payroll payment date of the Bank that occurs after the 90th day following the Effective Date of the Merger (as defined in the Merger Agreement) if the Employee is employed by the Bank on the Effective Date, and (ii) the other half of the Cash Retention Bonus shall be paid on the first payroll payment date of the Bank that occurs after the 180th day following the Effective Date if the Employee is employed by the Bank on the 180th day following the Effective Date.
