Stay Bonus. If the Executive is an active employee of the Company on the one-year anniversary (the "Anniversary Date") of the Effective Date, the Executive will be paid a bonus equal to $150,000.
Stay Bonus. If Employee remains an employee of Employer during the period beginning on the Effective Date and ending on the date that transactions provided for in the Merger Agreement are consummated, then Employer shall make a one-time cash payment to Employee in the amount of $120,000 (the “Stay Bonus”). If Employee is thereafter terminated For Cause or resigns or terminates his employment hereunder for any reason (other than Good Reason), in each case prior to the second (2nd) anniversary of the Effective Date, Employee shall immediately pay to Employer in cash that portion of the Stay Bonus equal to the product of the Stay Bonus multiplied by a fraction, the numerator of which shall be equal to the number of days remaining in the period beginning on the Effective Date and ending on the second (2nd) anniversary thereof, and the denominator of which shall be equal to 730. Employer reserves the right to offset, at its option, against any sums due Employer from Employee pursuant to this Section 10, any amounts which may otherwise be due from Employer to Employee.
Stay Bonus. If a Change in Control occurs during the Term, and if the Executive is still employed by the Company on the first anniversary of such Change in Control, the Executive shall thereupon be entitled to a cash bonus payment equal to the sum of (x) the Executive’s annual base salary (based on the annual base salary in effect on such anniversary), plus (y) the greater of (i) the bonus most recently paid to the Executive or (ii) the average amount of the bonuses paid to the Executive with respect to the three most recent fiscal years ending before such anniversary and such amount shall be payable in a lump sum in accordance with the regular withholding practices of the Company as in effect from time to time, within two business days after such first anniversary. Notwithstanding the foregoing, the Executive shall not be entitled to receive such payment if, on or before such first anniversary of such Change in Control, the Executive is terminated for Cause or becomes entitled to payment under Section 3(b) or 3(c) above.
Stay Bonus. 5.4.1 In order to induce Executive to remain employed with Company until at least December 31, 2013, Company hereby agrees to pay Executive a retention bonus (the “Stay Bonus”) in the amount of twenty-five percent (25%) of Executive’s fiscal year 2013 annual base salary. The Stay Bonus shall be payable to Executive on the first bi-weekly pay period following December 31, 2013, provided Executive has been continuously employed by Company through December 31, 2013, except as provided in paragraph 5.4.2 below.
Stay Bonus. In the event of the Executive continued employment until the Scheduled Retirement Date, Executive shall be entitled to a lump sum stay bonus equal to one (1) times the Executive’s highest year out of the prior (5) years of total annual compensation, including: (a) Base Salary, (b) bonuses and incentive compensation excluding Special Bonus Programs, (c) the fair value of any stock, options or other equity grants whether or not vested, and (d) the annualized value of all benefits and perquisites, including without limitation those provided under Sections 3.4 and 3.5, (together referred to herein as the “Stay Bonus”), payable in a single lump-sum cash payment, less appropriate deductions and withholding, within forty-five (45) days of the Scheduled Retirement Date without regard to whether the Executive’s continues employment beyond the Scheduled Retirement Date.
Stay Bonus. If a Change in Control occurs during the Term, and if the Executive is still employed by the Company on the first anniversary of such Change in Control, the Executive shall thereupon be entitled to a cash bonus payment equal to the product of 0.5 times the sum of (x) the Executive’s annual base salary (based on the annual base salary in effect on such anniversary), plus (y) the average amount of the bonuses paid to the Executive with respect to the three most recent fiscal years ending before such anniversary, payable in a lump sum in accordance with the regular withholding practices of the Company as in effect from time to time, within two business days after such first anniversary. Notwithstanding the foregoing, the Executive shall not be entitled to receive such payment if, on or before such first anniversary of such Change in Control, the Executive is terminated for Cause or becomes entitled to payment under Section 3(b) or 3(c) above.
Stay Bonus. In the event of a Change of Control (as defined in Section 2 below), you shall be eligible for a stay bonus in an amount in cash equal to $50,000 (minus applicable withholding and other deductions required by law), provided you (i) remain employed by the Company (or its successor) for at least ninety (90) days following the Change of Control; or (ii) terminate your employment with Good Reason (as defined in Section 4 below) no later than ninety (90) days following the Change in Control; or (iii) are terminated by the Company without Cause (as defined in Section 3 below) no later than ninety (90) days following the Change of Control. The stay bonus shall be paid in a lump sum amount in cash within ten (10) days of the first occurrence of an event described in (i), (ii) or (iii) of this paragraph.
Stay Bonus. In the event that you accept employment with Xxxxxxx and remain employed by Xxxxxxx on the one-year anniversary date of the commencement of such employment, you will be entitled to receive from Vari-L an additional bonus payment in the amount of $58,000.00 ("Stay Bonus"). Said Stay Bonus to be paid in a lump sum, less applicable taxes and withholding, as required by law, within five (5) business days of the one year anniversary date of your employment with Sirenza. You must be employed with Sirenza on the anniversary date in order to be eligible for the Stay Bonus. In no event shall the Stay Bonus be prorated regardless of the reason for your separation from employment with Sirenza prior to the one year anniversary date. In no event shall the Stay Bonus be payable to you by any party other than Vari-L.
Stay Bonus. If the Employee remains employed by the Company on September 10, 2004, the Employee shall be entitled to additional cash compensation equal to a payment of 8% of the Employee’s then current base salary.
Stay Bonus. Section 1(e) of the Agreement is hereby added and will read as follows:
