Common use of Retention Payment Clause in Contracts

Retention Payment. Company shall pay to Employee $100,000 (the “Retention Payment”) if Employee remains employed in Good Standing (as defined below) by Company during the entirety of the Retention Period through the Vesting Date and complies with all other conditions set forth in this Agreement. The Retention Payment shall be paid in a lump sum cash payment on the first regularly scheduled payroll date of Company following the Vesting Date, except as otherwise provided in Section 4(a) or Section 4(b) of this Agreement. The Retention Payment shall be subject to applicable tax withholding, including all federal, state and local taxes due. The Retention Payment will be earned only if all conditions set forth in this Agreement are satisfied as of the Vesting Date.

Retention Payment. Company shall pay to Employee $100,000 350,000 (the “Retention Payment”) if Employee remains employed in Good Standing (as defined below) by Company during the entirety of the Retention Period through the Vesting Date and complies with all other conditions set forth in this Agreement. The Retention Payment shall be paid in a lump sum cash payment on the first regularly scheduled payroll date of Company following the Vesting Date, except as otherwise provided in Section 4(a) or Section 4(b) of this Agreement. The Retention Payment shall be subject to applicable tax withholding, including all federal, state and local taxes due. The Retention Payment will be earned only if all conditions set forth in this Agreement are satisfied as of the Vesting Date.

Retention Payment. Company shall pay to Employee $100,000 300,000 (the “Retention Payment”) if Employee remains employed in Good Standing (as defined below) by Company during the entirety of the Retention Period through the Vesting Date and complies with all other conditions set forth in this Agreement. The Retention Payment shall be paid in a lump sum cash payment on the first regularly scheduled payroll date of Company following the Vesting Date, except as otherwise provided in Section 4(a) or Section 4(b) of this Agreement. The Retention Payment shall be subject to applicable tax withholding, including all federal, state and local taxes due. The Retention Payment will be earned only if all conditions set forth in this Agreement are satisfied as of the Vesting Date.