Additional Retention Bonus Sample Clauses
The Additional Retention Bonus clause establishes an extra financial incentive for employees to remain with the company for a specified period. Typically, this clause outlines the conditions under which the bonus is earned, such as continued employment through a certain date or the achievement of specific milestones, and details the amount and timing of the payment. Its core practical function is to encourage key employees to stay with the organization during critical times, such as mergers or restructuring, thereby reducing turnover risk and ensuring business continuity.
Additional Retention Bonus. As of the date determined in accordance with Section 3.1 hereof, and subject to the conditions imposed thereunder, the Company shall pay to Executive the additional amount of [$127,615], representing the target amount payable under the Retention Bonus Plan for the Company’s 2017 fiscal year. (For avoidance of doubt, Executive acknowledges and agrees that except as provided herein, no other bonus or incentive payment shall be made or payable under such plans with respect to the Company’s 2016 fiscal year or any other performance period or cycle.)
Additional Retention Bonus. Executive is eligible to earn an additional one-time retention bonus in the aggregate amount of $630,000 (the “Additional Retention Bonus”), less applicable taxes and withholdings. In order to earn the Additional Retention Bonus, Executive must remain employed by the Company or any other Affiliate (together, the “Horizon Employer”) regularly working at least 30 hours per week and in good performance standing for the period from March 31, 2017 through and including November 1, 2017 (the “Earn Date”). The period from March 31, 2017 through and including the Earn Date is the “Additional Retention Bonus Period.” If earned, the Additional Retention Bonus will be paid in a lump sum by the Company or its Affiliate, less applicable taxes and withholdings, on the first administratively practicable payroll pay date after the Earn Date.
Additional Retention Bonus. You will receive an additional retention bonus in the amount of $[ ] (the "Additional Retention Bonus") payable on or before December 31, 2024, subject to your continued employment through the date of payment. Notwithstanding anything herein to the contrary, the timing of the Company’s payment of the Additional Retention Bonus and any other unpaid portion of the Retention Bonus may be accelerated upon the Company’s entry into a transaction support agreement with one or more holders of the Company’s funded indebtedness (the “Acceleration Event”).
Additional Retention Bonus. 2.4.1 If Employee remains employed by the Company on a full-time basis in good performance standing through and including the first year anniversary of the Start Date, Employee will be eligible for an additional retention bonus in the amount of $75,000, less standard payroll deductions and withholdings, to be paid to Employee within thirty (30) days following the first year anniversary of the Start Date (the “Additional Retention Bonus”). This Additional Retention Bonus is an advance and is being paid to Employee prior to being earned by Employee.
2.4.2 Employee will earn the Additional Retention Bonus on the second year anniversary of Employee’s Start Date.
2.4.3 If, at any time during Employee’s second year of employment, Employee resigns his employment without Good Reason or the Company terminates Employee’s employment for Cause, Employee agrees to repay one-hundred percent (100%) of the Additional Retention Bonus to the Company within thirty (30) days following Employee’s employment termination date. To the extent permitted by applicable law, Employee expressly authorizes the Company to deduct from his final paycheck any unearned amount of the Additional Retention Bonus.
2.4.4 If at any time: (i) Employee resigns his employment for Good Reason; (ii) Employee’s employment is terminated by the Company without Cause; or (iii) Employee’s employment is terminated due to death or disability; then Employee shall not be required to repay the Additional Retention Bonus or any portion thereof.
Additional Retention Bonus. To further encourage you to remain in the employ of the Company and to provide additional incentive for you to promote the success of the business of the Company, in addition to the Retention Bonus provided in the Retention Bonus Agreement, the Company will pay you a retention bonus of $15,000 (the "Additional Retention Bonus") provided you remain employed with the Company through September 30, 2003 and otherwise subject to the terms and conditions of the Retention Bonus Agreement (with, for purposes of the Additional Retention Bonus, all references to (i) July 31, 2003, (ii) August 15, 2003 and (iii) the Retention Bonus to be replaced respectively with (i) September 30, 2003; (ii) October 15, 2003 and (iii) the Additional Retention Bonus).