Common use of Transaction Bonus Clause in Contracts

Transaction Bonus. Within 10 days following the Effective Date, the Company shall pay to the Employee a lump sum cash payment in the amount of $100,000. Within 30 days after the occurrence of the Step-Up Event, the Company shall pay to the Employee an additional lump sum cash payment in the amount of $400,000 provided, that the Employee is continuously employed by the Company through the occurrence of the Step-Up Event.

Transaction Bonus. Within 10 days following the Effective Date, the Company shall pay to the Employee a lump sum cash payment in the equal to a pro rata amount of $100,000. Within 30 days after the occurrence Employee’s Base Salary for the period from the signing of the Step-Up Event, Original Employment Agreement by the Company shall pay parties hereto to the Employee an additional lump sum cash payment in the amount of $400,000 provided, that the Employee is continuously employed by the Company through the occurrence of the Step-Up EventEffective Date.

Transaction Bonus. Within 10 days following the Effective Date, the Company shall pay to the Employee a lump sum cash payment in the equal to a pro rata amount of $100,000. Within 30 days after the occurrence Employee’s Base Salary for the period from the signing of this Agreement by the Step-Up Event, the Company shall pay parties hereto to the Employee an additional lump sum cash payment in the amount of $400,000 provided, that the Employee is continuously employed by the Company through the occurrence of the Step-Up EventEffective Date.

Transaction Bonus. Within 10 days following the Effective Date, the Company shall pay to the Employee a lump sum cash payment in the amount of $100,000. Within 30 days after the occurrence of the Step-Up Event, the Company shall pay to the Employee an additional lump sum cash payment in the amount of $400,000 250,000; provided, that the Employee is continuously employed by the Company through the occurrence of the Step-Up Eventsuch date.

Transaction Bonus. Within 10 days following the Effective Date, the Company shall pay to the Employee a lump sum cash payment in the amount of $100,000. Within 30 days after the occurrence of the Step-Up Event, the Company shall pay to the Employee an additional lump sum cash payment in the amount of $400,000 ; provided, that the Employee is continuously employed by the Company through the occurrence date of the Step-Up Eventsuch closing.

Transaction Bonus. Within 10 days following the Effective Date, the Company shall pay to the Employee a lump sum cash payment in the amount of $100,000. Within 30 days after the occurrence of the Step-Up Event, the Company shall pay to the Employee an additional lump sum cash payment in the amount of $400,000 provided, that the Employee is continuously employed by the Company through the occurrence of the Step-Up Event500,000.