Common use of Success Fee Clause in Contracts

Success Fee. Upon the first to occur of: (i) the closing date of SF's proposed Exchange Offer for its Senior Notes or (ii) the emergence of the Company from a chapter 11 bankruptcy (the first to occur of (i) or (ii), a "Triggering Event"), the Company shall pay Executive a lump sum cash payment of $250,000 within ten (10) business days.

Appears in 2 contracts

Sources: Employment Agreement (Six Flags, Inc.), Employment Agreement (Six Flags, Inc.)

Success Fee. Upon the first to occur of: (i) the closing date of SF's proposed Exchange Offer for its Senior Notes or (ii) the emergence of the Company from a chapter 11 bankruptcy (the first to occur of (i) or (ii), a "Triggering Event"), the Company shall pay Executive a lump sum cash payment of $250,000 750,000 within ten (10) business days.

Appears in 1 contract

Sources: Employment Agreement (Six Flags, Inc.)

Success Fee. Upon the first to occur of: (i) the closing date of SF's proposed Exchange Offer for its Senior Notes or (ii) the emergence of the Company from a chapter 11 bankruptcy (the first to occur of (i) or (ii), a "Triggering Event"), the Company shall pay Executive a lump sum cash payment of $250,000 200,000 within ten (10) business days.

Appears in 1 contract

Sources: Employment Agreement (Six Flags, Inc.)

Success Fee. Upon the first to occur of: (i) the closing date of SF's proposed Exchange Offer for its Senior Notes or (ii) the emergence of the Company from a chapter 11 bankruptcy (the first to occur of (i) or (ii), a "Triggering Event"), the Company shall pay Executive a lump sum cash payment of $250,000 325,000 within ten (10) business days.

Appears in 1 contract

Sources: Employment Agreement (Six Flags, Inc.)