Timing and Form of Payment. (a) Subject to Section 1.1, the Company shall pay to the Executive: seventy-five percent (75%) of the Retention Bonus in a lump sum as soon as administratively feasible following the earlier of: (i) the date of a full and complete execution of a Definitive Agreement (the “Signing”); or (ii) January 27, 2007; provided, however, that Executive shall not be entitled to the payment contemplated in this Paragraph 1.2(a) unless the Executive exercises all reasonable efforts to support a Signing which contemplates a Change in Control or Going Private Transaction.
Appears in 5 contracts
Samples: Retention Agreement (Gardenburger Inc), Retention Agreement (Gardenburger Inc), Retention Agreement (Gardenburger Inc)
