Retention Benefit payable hereunder is a lump sum payment, payable by check, in an amount equal to the sum of: (i) your base salary for a ____-month period; (ii) the average of the two most recent annual incentive bonuses paid to you prior to the Change in Control; and (iii) the amount you would have to pay for COBRA continuation coverage under the Bank’s group health plans for a ___-month period had your employment terminated immediately prior to the Change in Control and you elected COBRA continuation coverage at such time. For purposes of clause (i) of the preceding sentence, “base salary” means your base salary immediately prior to the Change in Control, but disregarding any reduction of your base salary that is made in anticipation of the Change in Control.

Retention Benefit shall have the meaning set forth in Section 4.3 hereof.

Retention Benefit means the benefit set forth in Section 4.1 below.

Examples of Retention Benefit in a sentence

During the repayment period for 10 year draw period plans, your minimum monthly payment will be based on a pay off period of 120 monthly payments.
Process description AML Ltd’s (AML) concrete batching plant at 67 Hurlstone Drive is one of four such plants it operates in the Taranaki region.
This “Attraction and Retention Benefit" (ARB) supported a major new recruiting campaign by EnergySafety, for various types of vacant technical positions.
The consequences of a transformation failure include: reduced Organisational effectiveness, wasted resources, employee cynicism, dampened employee morale, loss of integrity for those leading the effort and reduced ability to confront and compete in the environment for needed resources and support (Iyayi, 2000).
This Retention Agreement shall terminate on the earlier of (i) the six (6) month anniversary of the date the Transaction is consummated; (ii) the date on which an Early Termination without a Retention Benefit occurs; or, (iii) if the Transaction has not been consummated prior to the End Date, the twelve (12) month anniversary of the End Date; provided, however, that the confidentiality provisions of this Retention Agreement shall survive the termination of this Retention Agreement.

More Definitions of Retention Benefit

Retention Benefit means the benefit described in Section 2(a) herein.

Retention Benefit means the retention benefit set forth in Article 4 of this Plan.

Retention Benefit means the benefit provided under Section 3.3 of the Plan.

Retention Benefit shall have the meaning specified in Section 6.8(g).

Retention Benefit means a cash lump sum payment equal to the product of two (2) multiplied by the Executive's Compensation.

Retention Benefit shall have the meaning set forth in Section 7.3 hereof.

Retention Benefit means the retention benefit set out in Article 4 of this Plan.