Common use of Retention Payment Clause in Contracts

Retention Payment. If Employee remains employed by Company or its subsidiaries on the first anniversary of the Closing Date, then Company shall pay to Employee in a lump sum within five (5) business days thereafter, an amount equal to $437,500 (the “Retention Payment”).

Appears in 1 contract

Samples: Retention and Severance Agreement (21st Century Insurance Group)

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Retention Payment. If Employee remains employed by Company or its subsidiaries on the first anniversary of the Closing Date, then Company shall pay to Employee in a lump sum within five (5) business days thereafter, an amount equal to $437,500 460,000 (the “Retention Payment”).

Appears in 1 contract

Samples: Retention and Severance Agreement (21st Century Insurance Group)

Retention Payment. If Employee remains employed by Company or its subsidiaries on the first anniversary of the Closing Date, then Company shall pay to Employee in a lump sum within five (5) business days thereafter, an amount equal to $437,500 475,000 (the “Retention Payment”).

Appears in 1 contract

Samples: Retention and Severance Agreement (21st Century Insurance Group)

Retention Payment. If Employee remains employed by Company or its subsidiaries on the first anniversary of the Closing Date, then Company shall pay to Employee in a lump sum within five (5) business days thereafter, an amount equal to $437,500 139,000 (the “Retention Payment”).

Appears in 1 contract

Samples: Retention and Severance Agreement (21st Century Insurance Group)

Retention Payment. If Employee remains employed by Company or its subsidiaries on the first anniversary of the Closing Date, then Company shall pay to Employee in a lump sum within five (5) business days thereafter, an amount equal to $437,500 250,000 (the “Retention Payment”).

Appears in 1 contract

Samples: Retention and Severance Agreement (21st Century Insurance Group)

Retention Payment. If Employee remains employed by Company or its subsidiaries on the first anniversary of the Closing Date, then Company shall pay to Employee in a lump sum within five (5) business days thereafter, an amount equal to $437,500 515,000 (the “Retention Payment”).

Appears in 1 contract

Samples: Retention and Severance Agreement (21st Century Insurance Group)

Retention Payment. If Employee remains employed by Company or its subsidiaries on the first anniversary of the Closing Date, then Company shall pay to Employee in a lump sum within five (5) business days thereafter, an amount equal to $437,500 136,096 (the “Retention Payment”).

Appears in 1 contract

Samples: Retention and Severance Agreement (21st Century Insurance Group)

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Retention Payment. If Employee remains employed by Company or its subsidiaries on the first anniversary of the Closing Date, then Company shall pay to Employee in a lump sum within five (5) business days thereafter, an amount equal to $437,500 675,000 (the “Retention Payment”).

Appears in 1 contract

Samples: Retention and Severance Agreement (21st Century Insurance Group)

Retention Payment. If Employee remains employed by Company or its subsidiaries on the first anniversary of the Closing Date, then Company shall pay to Employee in a lump sum within five (5) business days thereafter, an amount equal to $437,500 403,750 (the “Retention Payment”).

Appears in 1 contract

Samples: Retention and Severance Agreement (21st Century Insurance Group)

Retention Payment. If Employee remains employed by Company or its subsidiaries on the first anniversary of the Closing Date, then Company shall pay to Employee in a lump sum within five (5) business days thereafter, an amount equal to $437,500 73,467 (the “Retention Payment”).

Appears in 1 contract

Samples: Retention and Severance Agreement (21st Century Insurance Group)

Retention Payment. If Employee remains employed by Company or its subsidiaries on the first anniversary of the Closing Date, then Company shall pay to Employee in a lump sum within five (5) business days thereafter, an amount equal to $437,500 112,500 (the “Retention Payment”).

Appears in 1 contract

Samples: Retention and Severance Agreement (21st Century Insurance Group)

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