Common use of The Second Retention Bonus Clause in Contracts

The Second Retention Bonus. If the Executive remains continuously employed by the Company until the Third Anniversary Date the Company shall pay the Executive, in a cash lump sum within five (5) days following such Third Anniversary Date, one million seven hundred and four thousand four hundred and thirty four Dollars ($1,704,434) (the “Second Retention Bonus,” together with the First Retention Bonus, the “Retention Bonus”). If the Executive’s employment is terminated prior to the Third Anniversary Date by the Company without “Cause” or for “Disability,” or by the Executive with “Good Reason” (as those terms are defined herein) or as a result of the Executive’s death, the Company shall pay the Executive, in a cash lump sum within fifteen (15) days following the Date of Termination, subject to Section 15, an amount equal to the product of (A) the Second Retention Bonus and (B) a fraction, the numerator of which is the number of days the Executive was employed between, and including, the Effective Date and the Date of Termination and the denominator of which is 1095.

The Second Retention Bonus. If the Executive remains continuously employed by the Company until the Third Anniversary Date the Company shall pay the Executive, in a cash lump sum within five (5) days following such Third Anniversary Date, one million seven nine hundred and four eighty seven thousand four six hundred and thirty four eighty seven Dollars ($1,704,4341,987,687) (the “Second Retention Bonus,” together with the First Retention Bonus, the “Retention Bonus”). If the Executive’s employment is terminated prior to the Third Anniversary Date by the Company without “Cause” or for “Disability,” or by the Executive with “Good Reason” (as those terms are defined herein) or as a result of the Executive’s death, the Company shall pay the Executive, in a cash lump sum within fifteen (15) days following the Date of Termination, subject to Section 15, an amount equal to the product of (A) the Second Retention Bonus and (B) a fraction, the numerator of which is the number of days the Executive was employed between, and including, the Effective Date and the Date of Termination and the denominator of which is 1095.

The Second Retention Bonus. If the Executive remains continuously employed by the Company until the Third Anniversary Date the Company shall pay the Executive, in a cash lump sum within five (5) days following such Third Anniversary Date, one million seven hundred and four seventy nine thousand four six hundred and thirty four sixty two Dollars ($1,704,4341,779,662) (the “Second Retention Bonus,” together with the First Retention Bonus, the “Retention Bonus”). If the Executive’s employment is terminated prior to the Third Anniversary Date by the Company without “Cause” or for “Disability,” or by the Executive with “Good Reason” (as those terms are defined herein) or as a result of the Executive’s death, the Company shall pay the Executive, in a cash lump sum within fifteen (15) days following the Date of Termination, subject to Section 15, an amount equal to the product of (A) the Second Retention Bonus and (B) a fraction, the numerator of which is the number of days the Executive was employed between, and including, the Effective Date and the Date of Termination and the denominator of which is 1095.

The Second Retention Bonus. If the Executive remains continuously employed by the Company until the Third Anniversary Date the Company shall pay the Executive, in a cash lump sum within five (5) days following such Third Anniversary Date, one million six hundred and seventy six thousand seven hundred and four thousand four hundred and thirty four forty one Dollars ($1,704,4341,676,741) (the “Second Retention Bonus,” together with the First Retention Bonus, the “Retention Bonus”). If the Executive’s employment is terminated prior to the Third Anniversary Date by the Company without “Cause” or for “Disability,” or by the Executive with “Good Reason” (as those terms are defined herein) or as a result of the Executive’s death, the Company shall pay the Executive, in a cash lump sum within fifteen (15) days following the Date of Termination, subject to Section 15, an amount equal to the product of (A) the Second Retention Bonus and (B) a fraction, the numerator of which is the number of days the Executive was employed between, and including, the Effective Date and the Date of Termination and the denominator of which is 1095.

The Second Retention Bonus. If the Executive remains continuously employed by the Company until the Third Anniversary Date the Company shall pay the Executive, in a cash lump sum within five (5) days following such Third Anniversary Date, one three million seven two hundred and four twenty one thousand four eight hundred and thirty four ninety eight Dollars ($1,704,4343,221,898) (the “Second Retention Bonus,” together with the First Retention Bonus, the “Retention Bonus”). If the Executive’s employment is terminated prior to the Third Anniversary Date by the Company without “Cause” or for “Disability,” or by the Executive with “Good Reason” (as those terms are defined herein) or as a result of the Executive’s death, the Company shall pay the Executive, in a cash lump sum within fifteen (15) days following the Date of Termination, subject to Section 15, an amount equal to the product of (A) the Second Retention Bonus and (B) a fraction, the numerator of which is the number of days the Executive was employed between, and including, the Effective Date and the Date of Termination and the denominator of which is 1095.