Common use of Sale Bonus Clause in Contracts

Sale Bonus. (a) In the event of a Sale of the Company (as ---------- hereinafter defined) during your employment by the Company pursuant to this Agreement and within the twelve-month period after the Effective Date (the "Sale Bonus Period"), you shall receive a sale bonus (the "Sale Bonus") equal to the Maximum Bonus Amount multiplied by two; provided, however, that in the event of your Involuntary Termination on or after September 1, 1999 and prior to a Sale of the Company, you shall receive the Sale Bonus in the event of a Sale of the Company in accordance with the terms of this Section 4 in the same manner as if your employment with the Company had continued. The Sale Bonus shall be paid to you in cash within five days following the closing date of the Sale of the Company; provided, however, that in no event shall the Sale Bonus be payable to you until the selling equity holders, which holders may be at the level of the Company, PTK Holdings, Inc., Supermarkets General Holdings Corporation or SMG-II Holdings Corporation (the "Sellers") shall have received the full amount of the cash and property paid by the buyer in consideration of the sale. The parties hereto acknowledge and agree that you shall be entitled to receive only one Sale Bonus under this Agreement in connection with the first Sale of the Company occurring during the Term and that in the event any additional Sale of the Company occurs during the Term you will not be entitled to any Sale Bonus as a consequence thereof.

Sale Bonus. (a) In the event of a Sale of the Company (as ---------- hereinafter defined) during your employment by the Company pursuant to this Agreement and within the twelve-month period after the Effective Date (the "Sale Bonus PeriodSALE BONUS PERIOD"), you shall receive a sale bonus (the "Sale BonusSALE BONUS") equal to the Maximum Bonus Amount multiplied by two; providedPROVIDED, howeverHOWEVER, that in the event of your Involuntary Termination on or after September 1, 1999 and prior to a Sale of the Company, you shall receive the Sale Bonus in the event of a Sale of the Company in accordance with the terms of this Section 4 in the same manner as if your employment with the Company had continued. The Sale Bonus shall be paid to you in cash within five days following the closing date of the Sale of the Company; providedPROVIDED, howeverHOWEVER, that in no event shall the Sale Bonus be payable to you until the selling equity holders, which holders may be at the level of the Company, PTK Holdings, Inc., Supermarkets General Holdings Corporation or SMG-II Holdings Corporation (the "SellersSELLERS") shall have received the full amount of the cash and property paid by the buyer in consideration of the sale. The parties hereto acknowledge and agree that you shall be entitled to receive only one Sale Bonus under this Agreement in connection with the first Sale of the Company occurring during the Term and that in the event any additional Sale of the Company occurs during the Term you will not be entitled to any Sale Bonus as a consequence thereof.

Sale Bonus. (a) In the event of a Sale of the Company (as ---------- hereinafter defined) during your employment by the Company pursuant to this Agreement and within the twelve-month period after the Effective Date (the "Sale Bonus Period"), you shall receive a sale bonus (the "Sale Bonus") equal to the Maximum Bonus Amount multiplied by two; provided, however, that in the event of your Involuntary Termination on or after September 1, 1999 and prior to a Sale of the Company, you shall receive the Sale Bonus in the event of a Sale of the Company in accordance with the terms of this Section 4 in the same manner as if your employment with the Company had continued. The Sale Bonus shall be paid to you in cash within five days following the closing date of the Sale of the Company; provided, however, that in no event shall the Sale Bonus be payable to you until the selling equity holders, which holders may be at the level of the Company, Company PTK Holdings, Inc., Supermarkets General Holdings Corporation or SMG-II Holdings Corporation (the "Sellers") shall have received the full amount of the cash and property paid by the buyer in consideration of the sale. The parties hereto acknowledge and agree that you shall be entitled to receive only one Sale Bonus under this Agreement in connection with the first Sale of the Company occurring during the Term and that in the event any additional Sale of the Company occurs during the Term you will not be entitled to any Sale Bonus as a consequence thereof.