Examples of Retention Bonus Payment Date in a sentence
The Performance Retention Bonus shall be paid to the Participant in a lump sum on or as soon as practicable after the Performance Retention Bonus Payment Date, but in any event no later than the last day of the Year in which the Performance Retention Bonus Payment Date occurs (or if later, the 15th day of the third month following the Performance Retention Bonus Payment Date).
DIRTT will advance the Retention Cash Bonus to the Employee on the Retention Bonus Payment Date, provided that the Employee remains continuously and actively employed by DIRTT on such date.
Notwithstanding the foregoing, a Transferred Employee shall be entitled to receive the Buyer Retention Bonus as determined in accordance with this Section 5.3(g)(ii)if such Transferred Employee’s employment is terminated by Xxxxx (other than for ‘cause’ as determined in the sole discretion of Buyer) between the Employment Commencement Date and Retention Bonus Payment Date.
Notwithstanding anything in this Agreement to the contrary, upon the Executive’s termination of employment with the Company prior to the Retention Bonus Payment Date either by (a) the Company for Cause, or (b) the Executive for any reason, the Executive shall forfeit the right to payment of the Retention Bonus.
On each Retention Bonus Payment Date, each Bonus Eligible Employee will share in the Annual Retention Bonus pro rata amongst all then remaining Bonus Eligible Employees.
Subject to the provisions of this Agreement, Employee shall be entitled to receive $ 40,000 less any amount related to short term incentive compensation received by Employee under the Employee Bonus Plan (the "2017 Retention Bonus Payment") payable in a single lump sum cash payment in February 2018 (the "2017 Retention Bonus Payment Date"), provided that Employee remain employed by the Employer through the 2017 Bonus Payment Date.
If a Participant's employment terminates other than as a result of an Involuntary Termination prior to a give Retention Bonus Payment Date, such Participant shall not be entitled to any payments for that Retention Bonus Payment Date or the remaining Retention Bonus Payment Dates under this Program.
If you resign or your employment is terminated for “Cause” at any time between the date of acceptance and the Retention Bonus Payment Date, you will not receive any Retention Bonus payment.
On the date that is eighteen (18) months following the Commencement Date (the “Retention Bonus Payment Date”), the Company shall pay to Executive a retention bonus equal to one million one hundred fifty five thousand dollars ($1,155,000) (the “Retention Bonus”), subject to Executive’s continued employment with the Company through the Retention Bonus Payment Date.
Subject to the provisions of this Agreement, Executive shall be entitled to receive $100,000 less any amount related to short term incentive compensation received by Executive under the Executive Bonus Plan (the "2017 Retention Bonus Payment") payable in a single lump sum cash payment in February 2018 (the "2017 Retention Bonus Payment Date"), provided that Executive remain employed by the Employer through the 2017 Bonus Payment Date.