Eligibility for Retention Bonus. Subject to the terms of this Agreement, Executive shall receive a retention bonus (the “Retention Bonus”) if Executive remains an employee of the Company through January 1, 2007 (the “Retention Date”). The term “Company” shall include any affiliate (as such term is defined in Rule 12b-2 of the General Rules and Regulations under the Securities Exchange Act of 1934, as amended) that employs Executive.
Eligibility for Retention Bonus. In consideration of your continued employment with Belk through each of the pay dates in this paragraph and conditioned on your satisfaction of the terms set forth in this Agreement, you will receive a retention bonus whether or not there is a transaction. The bonus will be paid in two installments on June 12, 2015 and on February 19, 2016. If we proceed to signing an agreement which contemplates a CIC you will be eligible to receive an additional amount on February 19, 2016. The bonus amounts are set forth in the letter accompanying this Agreement. You will not be eligible to receive the retention bonus payments if you are not continuously employed by Belk through the date of each payment. However, in the event you are unable to work due to a disability or are terminated as an express condition of a CIC, Belk will pay you the retention bonus payments as if you had remained employed. Disability shall, for the purpose of this Agreement, mean you are no longer able even with reasonable accommodation to perform the essential functions of your job as a result of a physical or mental impairment as determined by Belk in its sole discretion.
Eligibility for Retention Bonus. In consideration of, and to earn and retain the full amount of the Retention Bonus, you must:
Eligibility for Retention Bonus. You have been selected as eligible to receive a retention bonus in the amount of $[•] (the “Retention Bonus”). To receive the Retention Bonus, you must return an executed original of this Retention Agreement by [•] to [•]. The Retention Bonus will be paid to you, minus applicable tax withholdings, as soon as practicable and in no event more than 45 days after you return an executed version of this Retention Agreement. Except as otherwise set forth in section 3, to retain the Retention Bonus, you must remain continuously employed with the Company or, in the event of a Change in Control (as defined below), with an entity that is a party to the Change in Control (or an affiliate of such an entity) (a “Successor Employer”) through the entire Retention Period (as hereinafter defined). For purposes of this Retention Agreement, you will be deemed continuously employed during any approved leave of absence. As described in sections 3 and 4 below, if you fail to satisfy this continuous employment condition, you may be required to repay all of the Retention Bonus.
Eligibility for Retention Bonus. Subject to the terms of this Agreement, Executive shall receive a retention bonus (the “Retention Bonus”) if Executive remains a full-time employee of the Company in good standing through December 31, 2018 (the “Retention Date”). The term “Company” shall include any subsidiary of the Company that employs Executive. To remain an employee in good standing, Executive must complete any responsibilities reasonably assigned by the Chief Executive Officer and the successor CFO and assist in the following: (i) the CFO transition, (ii) strategic initiative rollouts, (iii) the Company’s 2020 rate case, (iv) regulatory and Federal and state securities’ requirements, (v) mentorship of high potential employees, and (vi) other Company strategic and financial administrative matters.
Eligibility for Retention Bonus. In recognition of your performance, and as an incentive to remain with the Company, you will be eligible for a one-time special cash retention bonus in the aggregate amount of $150,000, contingent upon you remaining continuously employed by the Company on a full-time basis in good performance standing through and including date the Company first lists shares of common stock on a stock exchange in the United States or otherwise completes a financing of no less than $20 million (the “Payment Date”), payable in a lump sum in advance of it being earned on the first administratively practicable Company payroll date following the Payment Date, less applicable payroll withholdings and deductions, pursuant to the terms and conditions set forth in this Retention Agreement (the “Retention Bonus”). Except as provided herein, to earn this Retention Bonus, you must remain continuously employed by the Company on a full-time basis in good performance standing through and including the second anniversary of the Payment Date (the “Earn Date”). If, prior to the Earn Date, your employment with the Company is terminated other than due to a Qualifying Termination (as defined below), you will be required to repay to the Company the entire gross amount of the Retention Bonus that was advanced to you within 30 days after your last day of employment with the Company.
Eligibility for Retention Bonus. Thank you for your hard work and continuing efforts in support of the Company’s success. In recognition of your performance, and as an incentive to remain with the Company, we are pleased to announce your eligibility to earn a special cash retention bonus in the aggregate amount of [$___________], less applicable payroll withholdings and deductions, pursuant to the terms and conditions set forth in this Retention Agreement (the “Retention Bonus”). Subject to the conditions described below, $[___] of the Retention Bonus will be payable in a lump sum on the Company’s first regularly scheduled payroll date on or following April 1, 2021 (the “First Retention Bonus Payment”), $[___] of the Retention Bonus will be payable in a lump sum on the Company’s first regularly scheduled payroll date on or following September 1, 2021 (the “Second Retention Bonus Payment”), and the remaining $[___] of the Retention Bonus will be payable in a lump sum on the Company’s first regularly scheduled payroll date on or following December 1, 2021 (the “Third Retention Bonus Payment”); provided, however, that in order to earn each of the First Retention Bonus Payment, the Second Retention Bonus Payment and the Third Retention Bonus Payment, the following conditions must be satisfied, except to the extent provided for in Section II of this Retention Agreement:
Eligibility for Retention Bonus. Subject to the terms of this Agreement, Executive shall receive a Retention Bonus, as defined below, if Executive remains an employee of the Company through each Retention Date, as defined below. The term “Company” shall include any subsidiary of Xxxxxxxxx Flooring, Inc. that employs Executive.
Eligibility for Retention Bonus. In recognition of your performance, and as an incentive to remain with the Company, you will be eligible to earn (i) a special cash retention bonus in the aggregate amount of $595,000, payable in two equal installments, subject to your continuous employment through each payment date, except as otherwise stated below, less applicable payroll withholdings and deductions, pursuant to the terms and conditions set forth in this Retention Agreement (the “Retention Bonus”). Subject to the terms of this Retention Agreement, you will be eligible to receive (i) one-half of the Retention Bonus contingent upon remaining continuously employed by the Company on a full-time basis in good performance standing through and including June 30, 2022, and (ii) the remaining one-half of the Retention Bonus contingent upon remaining continuously employed by the Company on a full-time basis in good standing through and including December 31, 2022. Notwithstanding the foregoing, in the event that [***] (as defined in the Company’s 2021 Equity Incentive Plan) occurs prior to either June 30, 2022 or December 31, 2022, the payment of the Retention Bonus will accelerate such that (A) the full amount of Retention Bonus will be paid in full upon [***] occurs prior to the June 30, 2022; and (B) the remaining, unpaid portion of the Retention Bonus will be paid in full upon [***] on or after the June 30, 2022 but prior to December 31, 2022.
Eligibility for Retention Bonus. As you know, under your Transition Services Agreement with Raptor dated October 13, 2016 you are eligible to earn a retention bonus of $335,000 subject to your continued employment through May 15, 2017 (the “Initial Retention Date”) and the other terms and conditions set forth in the Transition Services Agreement, which remains in full force and effect. As an incentive for you to continue to contribute your efforts, talents and services to the Company and its Affiliates for the period following the Initial Retention Date through and including the Earn Date (as defined below) Horizon is pleased to announce your eligibility to earn a one-time retention bonus in the aggregate amount of 150% of your annual base salary ($750,000) (the “Retention Bonus”), less applicable taxes and withholdings, pursuant to the terms and conditions set forth in this Retention Agreement. In order to earn the Retention Bonus, you must remain employed by the Company or any other Affiliate (together, the “Horizon Employer”) regularly working at least 30 hours per week and in good performance standing for the period following the Initial Retention Date through and including November 1, 2017 (the “Earn Date”). The period from the Initial Retention Date through and including the Earn Date is the “Retention Bonus Period.” If earned, the Retention Bonus will be paid in a lump sum by the Company or its Affiliate, less applicable taxes and withholdings, on the first administratively practicable payroll pay date after the Earn Date.
