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Common use of Retention Account Clause in Contracts

Retention Account. The vested portion of the Participant's Retention Account shall be distributed to the Participant upon the termination of employment with the Company.

Appears in 4 contracts

Sources: Employment Agreement (Aerobic Creations, Inc.), Employment Agreement (Aerobic Creations, Inc.), Employment Agreement (Aerobic Creations, Inc.)

Related Clauses

  • Income Account
  • Cash Account
  • Collection Account and Distribution Account
  • Your Account
  • Withdrawals from the Collection Account and Distribution Account

Parent Clauses

  • English language
  • Upon Enforcement
  • Accounts
  • Establishment of Accounts
  • Indemnities

Sub-Clauses

  • Restriction on withdrawal
  • Transfers to Retention Account
  • Application of Retention Account
  • Maintenance of Retention Account
  • FORM OF PAYMENT
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