Retention Bonus Payment. Provided the Executive is employed by the Company on the Retention Payment Date (as defined below), the Company shall pay to the Executive an amount equal to Nine Hundred Fifty Thousand Dollars $950,000. Said amount shall be paid in one lump sum payment no later than 31 days following the Retention Payment Date. The Company shall also pay to the Executive all reasonable legal and arbitration fees and expenses incurred by the Executive in obtaining or enforcing any right or benefit provided by this Agreement, except in cases involving frivolous or bad faith litigation initiated by the Executive. “Retention Payment Date” shall mean the date that is 11 months following a Change in Control. Notwithstanding anything herein to the contrary, for purposes of this Plan, the Executive shall be deemed to be employed on the Retention Payment Date and therefore entitled to receive the bonus payment provided by this Section 4 in the event the Executive experiences a Terminating Event after a Change in Control or within six months before a Change in Control.
Retention Bonus Payment. If there is an Event prior to the Expiration Date, then upon the Payment Date, the Company shall pay to the Executive as compensation for services rendered to the Company cash in an amount equal to three (3) times his then-existing aggregate annual base salary, (excluding bonus or options) less customary payroll deductions; provided, however, the foregoing shall not apply if the Executive has quit without Good Reason or has been terminated by the Company with Cause prior to the Event's occurrence.
Retention Bonus Payment. In connection with your commencement of employment with the Corporation, you will be eligible to receive a retention bonus payment of $50,000 (the “Retention Bonus) The Retention Bonus will be payable twenty (24) months after the Effective Time of the Merger, subject to the conditions below. You will be entitled to the Retention Bonus payment only if you are employed by the Corporation on the date specified above for the payment; provided, however, if your employment is terminated by the Corporation other than for Cause (as defined below) or if your termination qualifies as a Resignation for Good Reason (as defined below) you will be entitled to receive the Retention Bonus at the end of the Corporation’s standard pay period that includes the date of such termination.
Retention Bonus Payment. (a) Subject to the provisions of Section 2, you are eligible to receive a one-time bonus (the "Retention Bonus") in an amount equal to the aggregate gross amount of cash payments which you receive from the SFC Companies for annual bonus payments covering the fiscal years 1999 and 2000. In no event shall any payments made to you (x) for base salary or (y) or under any other plan, agreement, award or bonus, other than the Annual Bonus Plan, be included in calculating the amount of the Retention Bonus.
Retention Bonus Payment. Provided that conditions (i) and (ii) specified in Section 1 above are satisfied, and the Agreement has not otherwise terminated, you will receive a Retention Bonus in the gross amount of $ , payable in cash. Subject to Section 6 (Release and Waiver) below, the Bonus shall be payable by the Company based on the following schedule:
Retention Bonus Payment. (a) Subject to the vesting conditions described in Section 7(b) below, the Company shall make a lump sum cash payment to Executive (the “Retention Bonus Payment”) in the amount of $400,000 (Four Hundred Thousand Dollars).
Retention Bonus Payment. In the event that (a) the Company Parties’ Adjusted EBITDA (as conclusively determined in accordance with Section 2.4(d)) is greater than or equal to Sixty Million One Hundred Thousand Dollars ($60,100,000), (b) it has been finally determined that any employee identified on Schedule 2.5 is required under his or her Employment Agreement (as in effect as of the Closing and as set forth on Exhibit C) to be paid a Retention Bonus Payment (as defined in such Employment Agreement), and (c) such Retention Bonus Payment is paid to such employee, the Seller shall pay to the Purchaser an amount of cash equal to one hundred percent (100%) of such Retention Bonus Payment within five (5) Business Days after receipt by the Seller from the Purchaser of written notice of and evidence that such Retention Bonus Payment has been fully and finally paid to any such employee; provided that in no event shall the aggregate amount of the Retention Bonus Payment paid by the Seller pursuant to this Section 2.5 exceed Three Million Dollars ($3,000,000).
Retention Bonus Payment. Promptly following execution of this Agreement by each of the parties hereto, the Company shall pay to Executive a lump sum cash retention bonus payment in the amount of $290,000. In consideration for such payment, Executive agrees to remain in the employ of the Company for a period of 12 months from the date of this Agreement. In the event that Executive’s employment with the Company is terminated prior to the expiration of such 12 month period and such termination is not incident to one or more of the events provided for in Section 7 (Change-in Control), Section 7.2 (Good Reason), Section 5.1 (Disability), Section 5.2 (Death of Executive) or Section 5.5 (Without Cause), then Executive shall repay to the Company that portion of the bonus equal to the product of the total bonus payment multiplied by the fraction where the numerator is the number of months remaining on Executive’s 12 month commitment and the denominator is 12.
Retention Bonus Payment. The Company will pay you a retention award in an amount equal to 100% of the amount of your annual salary in effect on December 31, 2023; 50% of the retention award will be paid within five business days of December 31, 2023 if you continue to be employed by the Company on the date of such payment, and 50% will be paid within five business days of December 31, 2024 if you continue to be employed by the Company on December 31, 2024 on the date of such payment (each, a “Retention Bonus Payment”). Any Retention Bonus Payment may be paid in cash or equity of the Company, or a combination of both, in the sole discretion of the Compensation Committee (the “Committee”) of the Board of Directors of the Company. Any equity of the Company issued in satisfaction of all or a portion of any Retention Bonus Payment will be issued under, and subject to the terms of, the Company’s Amended and Restated 2015 Equity Incentive Plan.
Retention Bonus Payment. The Company shall pay Employee’s retention bonus in the amount of $286,000, less applicable withholdings (the “Retention Bonus Payment”), which represents the amount equal to the retention bonus payment agreed upon pursuant to the March 21, 2023 Retention and Severance Agreement entered into between Employee and the Company. The Company shall pay the Retention Bonus Payment in cash within ten (10) days following the Effective Date.
