Common use of First Installment Clause in Contracts

First Installment. In the event that the Executive ----------------- shall have been employed continuously by the Company during the period from the date of this Agreement through the first sixth month anniversary of the Effective Date, then the Company shall pay the Executive on the first sixth month anniversary of the Effective Date, but in no event prior to January 1, 2001, an amount equal to 23% of the Executive's weighted average base salary during the 6 month period ending on such first sixth month anniversary.

Appears in 2 contracts

Samples: Retention Bonus Agreement (Protocol Systems Inc/New), Retention Bonus Agreement (Protocol Systems Inc/New)

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First Installment. In the event that the Executive shall ----------------- shall have been employed continuously by the Company during the period from the date of this Agreement through the first sixth month annual anniversary of the Effective Date, then the Company shall pay the Executive on the first sixth month annual anniversary of the Effective Date, but in no event prior to January 1, 2001, an amount equal to 2345% of the Executive's weighted average base salary during the 6 12 month period ending on such first sixth month annual anniversary.

Appears in 1 contract

Samples: Retention Bonus Agreement (Protocol Systems Inc/New)

First Installment. In the event that the Executive shall ----------------- shall have been employed continuously by the Company during the period from the date of this Agreement through the first sixth month anniversary of the Effective Date, then the Company shall pay the Executive on the first sixth month anniversary of the Effective Date, but in no event prior to January 1, 2001, an amount equal to 23% of the Executive's weighted average base salary during the 6 month period ending on such first sixth month anniversary.

Appears in 1 contract

Samples: Retention Bonus Agreement (Protocol Systems Inc/New)

First Installment. In the event that the Executive ----------------- shall have been employed continuously by the Company during the period from the date of this Agreement through the first sixth month annual anniversary of the Effective Date, then the Company shall pay the Executive on the first sixth month annual anniversary of the Effective Date, but in no event prior to January 1, 2001, Date an amount equal to 2345% of the Executive's weighted average base salary during the 6 12 month period ending on such first sixth month annual anniversary.

Appears in 1 contract

Samples: Retention Bonus Agreement (Protocol Systems Inc/New)

First Installment. In the event that the Executive ----------------- shall have been employed continuously by the Company during the period from the date of this Agreement through the first sixth month anniversary of the Effective Date, then the Company shall pay the Executive on the first sixth month anniversary of the Effective Date, but in no event prior to January 1, 2001, an amount equal to 2330% of the Executive's weighted average base salary during the 6 month period ending on such first sixth month anniversary.

Appears in 1 contract

Samples: Retention Bonus Agreement (Protocol Systems Inc/New)

First Installment. In the event that the Executive ----------------- shall have been employed continuously by the Company during the period from the date of this Agreement through the first sixth month anniversary of the Effective Date, then the Company shall pay the Executive on the first sixth month anniversary of the Effective Date, but in no event prior to January 1, 2001, an amount equal to 2320% of the Executive's weighted average base salary during the 6 month period ending on such first sixth month anniversary.

Appears in 1 contract

Samples: Retention Bonus Agreement (Protocol Systems Inc/New)

First Installment. In the event that the Executive ----------------- shall have been employed continuously by the Company during the period from the date of this Agreement through the first sixth month annual anniversary of the Effective Date, then the Company shall pay the Executive on the first sixth month annual anniversary of the Effective Date, but in no event prior to January 1, 2001, an amount equal to 2325% of the Executive's weighted average base salary during the 6 12 month period ending on such first sixth month annual anniversary.

Appears in 1 contract

Samples: Retention Bonus Agreement (Protocol Systems Inc/New)

First Installment. In the event that the Executive ----------------- shall have been employed continuously by the Company during the period from the date of this Agreement through the first sixth month anniversary of the Effective Date, then the Company shall pay the Executive on the first sixth month anniversary of the Effective Date, but in no event prior to January 1, 2001, an amount equal to 2340% of the Executive's weighted average base salary during the 6 month period ending on such first sixth month anniversary.

Appears in 1 contract

Samples: Retention Bonus Agreement (Protocol Systems Inc/New)

First Installment. In the event that the Executive ----------------- shall have been employed continuously by the Company during the period from the date of this Agreement through the first sixth month annual anniversary of the Effective Date, then the Company shall pay the Executive on the first sixth month annual anniversary of the Effective Date, but in no event prior to January 1, 2001, Date an amount equal to 2360% of the Executive's weighted average base salary during the 6 12 month period ending on such first sixth month annual anniversary.

Appears in 1 contract

Samples: Retention Bonus Agreement (Protocol Systems Inc/New)

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First Installment. In the event that the Executive ----------------- shall have been employed continuously by the Company during the period from the date of this Agreement through the first sixth month annual anniversary of the Effective Date, then the Company shall pay the Executive on the first sixth month annual anniversary of the Effective Date, but in no event prior to January 1, 2001, an amount equal to 2335% of the Executive's weighted average base salary during the 6 12 month period ending on such first sixth month annual anniversary.

Appears in 1 contract

Samples: Retention Bonus Agreement (Protocol Systems Inc/New)

First Installment. In the event that the Executive shall ----------------- shall have been employed continuously by the Company during the period from the date of this Agreement through the first sixth month anniversary of the Effective Date, then the Company shall pay the Executive on the first sixth month anniversary of the Effective Date, but in no event prior to January 1, 2001, an amount equal to 2330% of the Executive's weighted average base salary during the 6 month period ending on such first sixth month anniversary.

Appears in 1 contract

Samples: Retention Bonus Agreement (Protocol Systems Inc/New)

First Installment. In the event that the Executive ----------------- shall have been employed continuously by the Company during the period from the date of this Agreement through the first sixth month anniversary of the Effective Date, then the Company shall pay the Executive on the first sixth month anniversary of the Effective Date, but in no event prior to January 1, 2001, an amount equal to 2317% of the Executive's weighted average base salary during the 6 month period ending on such first sixth month anniversary.

Appears in 1 contract

Samples: Retention Bonus Agreement (Protocol Systems Inc/New)

First Installment. In the event that the Executive ----------------- shall have been employed continuously by the Company during the period from the date of this Agreement through the first sixth month annual anniversary of the Effective Date, then the Company shall pay the Executive on the first sixth month annual anniversary of the Effective Date, but in no event prior to January 1, 2001, an amount equal to 2335% of the Executive's weighted average base salary during the 6 12 month period ending on such first sixth month annual anniversary.

Appears in 1 contract

Samples: Retention Bonus Agreement (Protocol Systems Inc/New)

First Installment. In the event that the Executive ----------------- shall have been employed continuously by the Company during the period from the date of this Agreement through the first sixth month annual anniversary of the Effective Date, then the Company shall pay the Executive on the first sixth month annual anniversary of the Effective Date, but in no event prior to January 1, 2001, an amount equal to 2330% of the Executive's weighted average base salary during the 6 12 month period ending on such first sixth month annual anniversary.

Appears in 1 contract

Samples: Retention Bonus Agreement (Protocol Systems Inc/New)

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