Common use of Accrued Bonus Payment Clause in Contracts

Accrued Bonus Payment. The Executive (or the Executive’s estate in the event of the Executive’s death) shall receive a lump sum payment of any Cash Bonus to the extent that all the conditions for payment of such bonus have been satisfied and any such bonus was granted and is unpaid on the Termination Date. Such payment shall be made as soon as is administratively practicable following such Termination Date in accordance with the Company’s customary payroll procedures.

Appears in 11 contracts

Samples: Employment Agreement (Workhorse Group Inc.), Employment Agreement (Workhorse Group Inc.), Employment Agreement (Workhorse Group Inc.)

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Accrued Bonus Payment. The Executive (or the Executive’s 's estate in the event of the Executive’s death) 's death shall receive a lump sum payment of any earned Cash Bonus to the extent that all the conditions for payment of such bonus have been satisfied and any such bonus was granted and is unpaid on the Termination Date. Such payment shall be made as soon as is administratively practicable following such Termination Date in accordance with the Company’s 's customary payroll procedures.

Appears in 2 contracts

Samples: Employment Agreement (GREENPOWER MOTOR Co INC.), Employment Agreement (GREENPOWER MOTOR Co INC.)

Accrued Bonus Payment. The Executive (or the Executive’s 's estate in the event of the Executive’s 's death) shall receive a lump sum payment of any Cash Bonus to the extent that all the conditions for payment of such bonus have been satisfied and any such bonus was granted and is unpaid on the Termination Date. Such payment shall be made as soon as is administratively practicable following such Termination Date in accordance with the Company’s 's customary payroll procedures.

Appears in 1 contract

Samples: Employment Agreement (Workhorse Group Inc.)

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Accrued Bonus Payment. The Executive (or the Executive’s estate in In the event of the Executive’s death) 's death the Manager shall receive a lump sum payment of any earned Cash Bonus to the extent that all the conditions for payment of such bonus have been satisfied and any such bonus was granted and is unpaid on the Termination Date. Such payment shall be made as soon as is administratively practicable following such Termination Date in accordance with the Company’s 's customary payroll procedures.

Appears in 1 contract

Samples: Employment Agreement (GREENPOWER MOTOR Co INC.)

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