Completion Bonus. Except as provided below, on the condition that Executive remains employed by Employer, on a full-time, continuous basis, through February 29, 2012, Employer shall make a cash payment to Executive in the amount of $375,000 (the “Completion Bonus”). The Completion Bonus shall be paid to Executive within two (2) weeks after February 29, 2012. Notwithstanding the foregoing, if Executive’s employment is terminated prior to February 29, 2012 and such termination is: (a) due to Executive’s death, (b) on account of Executive’s incapacity pursuant to Section 11, (c) by Employer other than for Cause pursuant to Section 10, (d) by Executive for Good Reason pursuant to Section 10, or (e) due to a “Qualifying Termination” (as defined in the CIC Agreement) following a Change in Control, then Employer shall pay to Executive, within two (2) weeks after termination of his employment, a pro-rata portion of the Completion Bonus. Any pro-rated portion of the Completion Bonus shall be based upon the number of calendar days elapsed between the Effective Date and the date of termination divided by the total number of calendar days between the Effective Date and February 29, 2012.
Completion Bonus. On the condition that Executive remains employed by Employer, on a full-time, continuous basis, through February 28, 2011, Employer shall make a cash payment to Executive in an amount equal to the average annual Base Salary paid to Executive during the Term (“Completion Bonus”), subject to applicable taxes and withholdings as required by law. The Completion Bonus shall be paid to Executive within ten (10) days after February 28, 2011 (“Completion Bonus Payment Date”). Notwithstanding the foregoing, Employer shall pay a pro-rated portion of the Completion Bonus to Executive within two (2) weeks after termination of Executive’s employment if the effective date of such termination is prior to March 1, 2011 and such termination is: (i) due to Executive’s death, or (ii) on account of Executive’s incapacity pursuant to Section 11, or (iii) by Employer other than for Cause (as defined below), or (iv) due to Employer’s election not to renew this Agreement according to its terms for any Contract Year after February 28, 2009. Such pro-rated portion shall be based upon the number of calendar days elapsed between March 1, 2008 and the date of termination divided by the total number of calendar days between March 1, 2008 and February 28, 2011.
Completion Bonus. On or about February 28, 2009, Executive shall receive Fifty Thousand (50,000) Shares (the “Completion Shares”); provided, that (i) this Agreement is in effect on February 28, 2009 and has not been terminated for any reason (other than a breach of this Agreement by Employer); and (ii) Executive has fully performed all of Executive’s duties and obligations under this Agreement throughout the Term and is not in breach of any of the material terms and conditions of this Agreement. The Completion Shares shall be freely transferable when delivered to Executive subject to Employer’s securities trading policy and applicable federal and state law. Employer shall have the right, in its sole and absolute discretion, to pay to Executive the value of the Completion Shares (in the same manner applied to other senior management level employees) in cash in lieu of granting Executive the Completion Shares.”
Completion Bonus. (a) The Employee shall receive a Completion Bonus in an amount equal to 100% of the Employee’s annual Base Salary if:
Completion Bonus. If you remain employed with the Company through the end of the Term, you will receive, in a single lump sum as soon as practicable after the end of the Term, 35% of your 1996 Plan earned bonus and 35% of your 1997 Plan earned bonus.
Completion Bonus. In addition to the Fee payable as described in Section 2 above, upon completion of Real Time Platform for Option Portfolio Pro to the Company’s complete and sole satisfaction, Company will pay to Contractor, a completion bonus, in the amount of Forty Thousand Dollars and No/00 U.S. Dollars ($40,000.00).
Completion Bonus. As soon as practicable following the execution of this Agreement, Executive shall receive a one-time completion cash bonus of Two Million dollars ($2,000,000) (the “Completion Bonus”). The Completion Bonus shall be subject to clawback by the Company as described in this Paragraph 3(e). If Executive voluntarily terminates his employment with the Company other than for Good Reason or the Company terminates Executive’s employment for Cause at any time during the three-year period following the Effective Date, Executive will be obligated to repay to the Company a pro-rated portion of the Completion Bonus within 15 days after such termination of Executive’s employment. The pro-rated amount Executive will be required to repay to the Company will be equal to the product of (a) the Completion Bonus and (b) a fraction, the numerator of which is 36 less the number of full months Executive worked for the Company after the Effective Date and the denominator of which is 36. To the extent permitted by Section 409A of the Code, the Company may set off any other amounts owed to Executive to satisfy (in whole or in part) any obligation Executive may have under this paragraph.
Completion Bonus. Subject to the provisions of Section 6(g) hereof, in the case of any termination (whether during the term of this Agreement or thereafter) other than by Employer for Cause or by Employee without Good Reason, then Employee shall be entitled to receive a lump-sum payment in the amount of $200,000.
Completion Bonus. Subject to the conditions set forth in this Agreement, the Company will make a special one-time cash payment to you equal to $377,500 as a completion bonus for the Transaction (the “Completion Bonus”) less applicable withholdings and deductions. Your Completion Bonus will be paid by the Company in cash within sixty (60) days following the Completion Date. No part of the Completion Bonus will be treated as compensation paid to you for purposes of calculating your entitlement to any retirement or other benefits provided by the Company.
Completion Bonus. On the Completion Date, with said Completion Date being on or before 90 days from the Effective Date, Employer shall pay to Executive a one time cash bonus in the amount of $2,000,000.00 (the “Completion Bonus”). In the event that the Executive voluntarily resigns from his position with the Employer or the Employer terminates the employment of the Executive and this Agreement for Cause (as defined below) on or before the second anniversary of the Effective Date, the Executive shall repay the Completion Bonus (in immediately available funds) to the Employer within two business days following the date of such termination of employment.
