Retention Bonus Payment Date definition
Examples of Retention Bonus Payment Date in a sentence
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.
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.
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 three hundred thousand dollars ($300,000) (the “Retention Bonus”), subject to Executive’s continued employment with the Company through the 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 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 two hundred seventy five thousand two hundred dollars ($275,200) (the “Retention Bonus”), subject to Executive’s continued employment with the Company through the Retention Bonus Payment Date.
The Company shall pay the Retention Bonus in accordance with the Company’s normal payroll practices in effect for the payroll period that includes the Retention Bonus Payment Date.
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.
You will receive a lump sum retention bonus of one hundred thousand dollars ($100,000) (the “Retention Bonus”) on the next regular payroll date following the Effective Date (the date of such payment, the “Retention Bonus Payment Date”), provided that you remain continuously employed through the Retention Bonus Payment Date.
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 $150,000 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.