Common use of Stay Bonus Clause in Contracts

Stay Bonus. In the event that you accept employment with Xxxxxxx and remain employed by Xxxxxxx on the one-year anniversary date of the commencement of such employment, you will be entitled to receive from Vari-L an additional bonus payment in the amount of $58,000.00 ("Stay Bonus"). Said Stay Bonus to be paid in a lump sum, less applicable taxes and withholding, as required by law, within five (5) business days of the one year anniversary date of your employment with Sirenza. You must be employed with Sirenza on the anniversary date in order to be eligible for the Stay Bonus. In no event shall the Stay Bonus be prorated regardless of the reason for your separation from employment with Sirenza prior to the one year anniversary date. In no event shall the Stay Bonus be payable to you by any party other than Vari-L.

Stay Bonus. In the event that you accept employment with Xxxxxxx and remain employed by Xxxxxxx Sirenza on the one-year anniversary date of the commencement of such employment, you will be entitled to receive from Vari-L an additional bonus payment in the amount of $58,000.00 153,750.00 ("Stay Bonus"). Said Stay Bonus to be paid in a lump sum, less applicable taxes and withholding, as required by law, within five (5) business days of the one year anniversary date of your employment with Sirenza. You must be employed with Sirenza on the anniversary date in order to be eligible for the Stay Bonus. In no event shall the Stay Bonus be prorated regardless of the reason for your separation from employment with Sirenza prior to the one year anniversary date. In no event shall the Stay Bonus be payable to you by any party other than Vari-L.

Stay Bonus. In the event that you accept employment with Xxxxxxx and remain employed by Xxxxxxx on the one-year anniversary date of the commencement of such employment, you will be entitled to receive from Vari-L an additional bonus payment in the amount of $58,000.00 48,187.50 ("Stay Bonus"). Said Stay Bonus to be paid in a lump sum, less applicable taxes and withholding, as required by law, within five (5) business days of the one year anniversary date of your employment with Sirenza. You must be employed with Sirenza on the anniversary date in order to be eligible for the Stay Bonus. In no event shall the Stay Bonus be prorated regardless of the reason for your separation from employment with Sirenza prior to the one year anniversary date. In no event shall the Stay Bonus be payable to you by any party other than Vari-L.

Stay Bonus. In the event that you accept employment with Xxxxxxx and remain employed by Xxxxxxx on the one-year anniversary date of the commencement of such employment, you will be entitled to receive from Vari-L an additional bonus payment in the amount of $58,000.00 60,468.75 ("Stay Bonus"). Said Stay Bonus to be paid in a lump sum, less applicable taxes and withholding, as required by law, within five (5) business days of the one year anniversary date of your employment with Sirenza. You must be employed with Sirenza on the anniversary date in order to be eligible for the Stay Bonus. In no event shall the Stay Bonus be prorated regardless of the reason for your separation from employment with Sirenza prior to the one year anniversary date. In no event shall the Stay Bonus be payable to you by any party other than Vari-L.

Stay Bonus. In the event that you accept employment with Xxxxxxx and remain employed by Xxxxxxx on the one-year anniversary date of the commencement of such employment, you will be entitled to receive from Vari-L an additional bonus payment in the amount of $58,000.00 62,187.50 ("Stay Bonus"). Said Stay Bonus to be paid in a lump sum, less applicable taxes and withholding, as required by law, within five (5) business days of the one year anniversary date of your employment with Sirenza. You must be employed with Sirenza on the anniversary date in order to be eligible for the Stay Bonus. In no event shall the Stay Bonus be prorated regardless of the reason for your separation from employment with Sirenza prior to the one year anniversary date. In no event shall the Stay Bonus be payable to you by any party other than Vari-L.