Special Retention Bonus. If Executive shall remain an employee of Employer continuously from the date hereof through June 30, 2017 (the “Retention Period Date”), no later than five business days following the Retention Period Date, Employer shall pay Executive in cash the amount of $75,000 as a retention bonus. If Executive intends to terminate his employment at any time on or after the Retention Period Date and before January 1, 2018, Executive shall provide notice of such planned termination at least six months prior to the termination date.
Special Retention Bonus. In consideration of the Executive entering into this Agreement, concurrent with the execution and delivery of this Agreement, the Company is paying the Executive a special retention bonus of $225,000.00 in cash. If the Executive resigns without Good Reason, or the Company terminates the Executive’s employment for Cause, prior to April 1, 2008, the Executive agrees to repay such special retention bonus to the Company within five business days of the date of her resignation or termination, together with interest from the date the Executive received the bonus (calculated at the prime rate as published in the Wall Street Journal on the date the Executive received the bonus) to the date of repayment. The Company acknowledges that the special retention bonus is in addition to, and not in lieu of, any regular incentive bonus plan in which the Executive may participate during the 2008 fiscal year.
Special Retention Bonus. A new Section 5(h) shall be added to the Employment Agreement to read as follows:
Special Retention Bonus. On July 1, 2001 (or within a reasonable time thereafter), the Company shall pay to the Executive a retention bonus in the amount of $1,500,000 (the "Special Retention Bonus"), provided, however, that in the event the Executive's employment with the Company terminates under circumstances other than (a) the Executive's termination by the Company without Cause (as such term is defined in this Agreement including, without limitation, in Section 6(a)(v) hereof); (b) the Executive's death or Disability or (c) the Executive's resignation for Good Reason, the Executive shall pay to the Company, in cash, (x) within ten days of such termination, an amount equal to the Special Retention Bonus less any taxes paid by or on behalf of Executive based upon or due to his receipt of such Special Retention Bonus and (y) within ten days of Executive's receipt thereof, an amount equal to the amount of any tax refund, credit or other tax benefit received or recognized by the Executive pursuant to his previous compliance under Section 5(h)(x) or (y) hereof Provided that, if the Company shall have withheld portions of the Special Retention Bonus for tax payments and such Special Retention Bonuses shall have to be repaid by Executive under the terms hereof, or for any other reason, the amount of such withholding shall be deemed repaid by the Executive at the same time Executive repays the net amount of the Special Retention Bonus actually paid to him."
Special Retention Bonus. If the Executive remains actively employed by the Company through November 30, 2018, the Company shall pay the Executive a cash bonus in the amount of $120,000 (the “Special Retention Bonus”), which shall be paid to the Executive in February 2019 when annual cash incentive bonuses for 2018 are paid to the other executive officers of the Company (but, in no event shall the Special Retention Bonus be paid later than March 15, 2019). The Special Retention Bonus shall be in addition to any annual cash incentive bonus earned by the Executive pursuant to Section 2(b) above.
Special Retention Bonus. Subject to the Executive’s continued employment with the Company through the applicable Retention Date set forth below, on such Retention Date the Company will pay to the Executive in a cash lump sum an amount equal to the applicable Retention Bonus set forth below: Retention Date Retention Bonus [Insert Date 12 months from the Closing Date] $900,000 [Insert Date 18 months from the Closing Date] $300,000
Special Retention Bonus. Upon Executive’s Termination of Employment with the Company (subject to paragraph 6 of the “Term” Section), Executive shall be entitled to receive a special cash retention bonus (the “Retention Bonus”) of up to $3,000,000 determined as follows:
Special Retention Bonus. In addition to the provisions of the Service Agreement the following special retention bonus is agreed:
Special Retention Bonus. Subject to the terms set forth below, Carrollton will pay you an aggregate of $85,000 (less any applicable withholding taxes and other deductions), representing 8.5 weeks at $10,000 per week (“Retention Amount”), within five (5) business days of the earlier to occur of (i) closing of the transactions contemplated by the Agreement and Plan of Merger dated as of April 8, 2012 (“Merger Agreement”), as amended, by and among Carrollton Bancorp, Jefferson Bancorp, Inc. and Financial Services Partners Fund I, LLC, and (ii) April 30, 2013 (“Trigger Date”). If your employment with Carrollton terminates due to your death, disability or involuntary termination by Carrollton without “cause” (as defined below) prior to the occurrence of a Trigger Date, Carrollton will pay you or your estate, as applicable, the Retention Amount within five (5) days of the happening of such event. If (i) you voluntarily terminate your employment with Carrollton, or (ii) if Carrollton terminates your employment for cause, in either case prior to a Trigger Date, your right to receive the Retention Amount will be immediately cancelled and forfeited. You shall be responsible for payment of all personal income tax arising from the payment of the Retention Amount.
Special Retention Bonus. Provided that Key Employee has continuously remained a ManTech employee in good standing from the effective date of this Agreement through 31 December 2011 and Key Employee has complied with the terms and conditions of this Agreement, ManTech will pay Key Employee a special retention bonus in the amount of Two Hundred Fifty Thousand Dollars ($250,000.00) (the “Special Retention Bonus”).
