Retention Benefits definition

Retention Benefits mean the payments to be made to the Executive during the Initial Term pursuant to Section 4 hereof.

Retention Benefits means the Cash Retention Bonus and Equity Retention Grant described in Article III.

Retention Benefits means the salary continuation, welfare benefits continuation, and other severance-related benefits described in Section 4.3 of the Plan.

Examples of Retention Benefits in a sentence

• If the Executive’s employment relationship with the Companies is terminated by the Companies for Cause, the Executive shall not be eligible for Severance Benefits and for the unvested Retention Benefits and the Non-Compete Payment and all rights of the Executive and obligations of the Companies under this Agreement shall expire.

• This notice is forwarded to all participants, prior to the time that they attend the advisory council meetings, so that they were made aware in advance that an honorarium would be paid.

• However, any such amendment or termination shall not adversely affect an Eligible Employee's right to Retention Benefits if all conditions set forth in Section 2.1 as currently written are thereafter satisfied.

• Notwithstanding the general requirement that you must remain in the employment of the Company until the Retention Date in order to be eligible to receive payment of your Retention Benefits, if, prior to the Retention Date, your employment is terminated by the Company without Cause or by you for Good Reason (as such terms are defined in Exhibit A hereto), you will remain entitled to receive the Retention Benefits.

• GenCorp must offer such employee a Letter Agreement incorporating the terms and conditions of this Plan and setting forth the Retention Benefits, if any, available to the employee under Article 3 hereof.

More Definitions of Retention Benefits

Retention Benefits means the amount of the retention bonus payable to a Participant pursuant to his or her Participation Agreement.

Retention Benefits. The successful completion of the below Eligibility Requirements will result in the following benefits: A total payment to the Associate in the amount of $250,000, less applicable payroll withholdings and other deductions (the “Retention Bonus”). The Retention Bonus will be paid in two installments: $125,000 on January 15, 2014 and $125,000 on January 15, 2015. The time for the date of this Agreement through January 15, 2015 shall be deemed the “Retention Period.”

Retention Benefits means the Retention Bonus and the Severance Benefits, as applicable.

Retention Benefits means the benefits a Participant is entitled to receive under the Plan in accordance with Section 5.2, upon satisfying the requirements set forth under Section 3.2 and Section 3.3.

Retention Benefits and with the sum of those benefits and the Initial Retention Benefits referred to as "Total Retention Benefits"). The Deferred Retention Benefits will be reflected in a restricted stock agreement between you and the Company. Timing of Payments On or before September 30, 1999, you will receive an opportunity to elect the timing of payments of your Initial Retention Benefits. You will be able to elect to have the Initial Retention Benefits paid either (i) in total, at the Fourth Anniversary or (ii) 50% at the completion of the Merger and 50% on the Fourth Anniversary. If the Merger occurs, you will receive the earned portion of the Initial Retention Benefits and Deferred Retention Benefits for which you have qualified, if any, no later than the earlier of the Fourth Anniversary or 30 days after the date your employment ends for any reason. You will forfeit any unvested portion of the Option Grant and the Deferred Retention Benefits if the Company or the Merger Successor terminate your employment for Cause or you resign without Good Reason. Vested options pursuant to the Option Grant and any other stock options you may hold, must be exercised within five (5) years of the later of the date of vesting or termination of employment, not to exceed the life of the option. The portion of the Initial Retention Benefit that is not paid at the completion of the Merger will be deemed held in phantom stock for purposes of tracking earnings before payment or forfeiture. Any applicable pension additur will be calculated based upon the date of your termination of employment for any reason. Loss of Payments You agree that you will not be entitled to any unearned Initial Retention Benefits, any unvested portion of the Option Grant or unvested Deferred Retention Benefits if (i) the Company terminates your employment for Cause (as defined in Section I(g) of the Control Agreement), (ii) you resign with or without Good Reason before or as of the completion of the Merger, (iii) or you resign without Good Reason after the completion of the Merger. Involuntary Termination If the Company provides you with notice of its termination of your employment without Cause ("Involuntary Termination") before completion of the Merger and the Merger occurs, you will receive the sum _______________ of and no other benefits under this Retention Agreement (other than the benefit of any stock options issued under this Retention Agreement which have become vested) or the Control Agreement or under any...

Retention Benefits shall have the meaning specified in the Merger Agreement.

Retention Benefits as used herein refers to amounts paid, over and above the employee's regular compensation, for the period from the Closing Date to the expiration of the term of the Transitional Services Agreement.