Examples of Retention Period in a sentence
Subject to the terms and conditions stated herein, the Retention Bonus (or any portion of the Retention Bonus), if earned, will be paid within 30 business days after the earlier of: (1) the end of the Retention Period; (2) the effective date that Capital One terminates your employment for a reason other than Cause or Poor Performance; or (3) the date the parties to the Merger Agreement agree to discontinue the Merger, if that date is on or after October 1, 2024.
If any litigation, claim, negotiation, audit, or other action involving the records is commenced prior to the expiration of the Retention Period, all records shall be retained until completion of the audit or other action and resolution of all issues resulting from audit or other action, or until the end of the Retention Period, whichever is later.
However, if Capital One requires that the nature of your role change or that you move to a different role, you will be deemed to have remained in your current role and will remain eligible to earn any unpaid portion of your Retention Bonus, provided that you continue to work throughout the Retention Period and satisfy the terms and conditions of this Agreement.
This includes maintaining a rating of “strong” or higher throughout the Retention Period, complying with all of Capital One’s rules and policies, and achieving any applicable job specific objectives and/or overall work requirements, as defined by Capital One.
You will not earn the Retention Bonus (or the Partial Retention Bonus) in the event that, during the Retention Period: (1) you end your employment with Capital One; (2) your employment with Capital One ends for reasons not caused by Capital One; (3) Capital One terminates your employment due to Poor Performance; or (4) Capital One terminates your employment for Cause.