Base Salary and Annual Bonus. The Company shall pay Executive an amount equal to the sum of Executive’s annual Base Salary and Target Annual Bonus, which shall be paid in substantially equal installments in accordance with the Company’s normal payroll practices commencing on the sixtieth (60th) day following the Termination Date through the first (1st) anniversary of the Termination Date, provided that the first such payment shall include any amounts that would have otherwise been paid during the period from the Termination Date through the sixtieth (60th) day following the Termination Date.
Appears in 5 contracts
Samples: Employment and Non Competition Agreement (Vantage Drilling International), Employment and Non Competition Agreement (Vantage Drilling International), Employment Agreement (Vantage Drilling International)
Base Salary and Annual Bonus. The Company shall pay Executive an amount equal to two (2) times the sum of Executive’s annual Base Salary and Target Annual Bonus, which shall be paid in substantially equal installments in accordance with the Company’s normal payroll practices commencing on the sixtieth (60th) day following the Termination Date through the first second (1st2nd) anniversary of the Termination Date, provided that the first such payment shall include any amounts that would have otherwise been paid during the period from the Termination Date through the sixtieth (60th) day following the Termination Date.
Appears in 4 contracts
Samples: Employment and Non Competition Agreement (Vantage Drilling International), Employment and Non Competition Agreement (Vantage Drilling International), Employment and Non Competition Agreement (Vantage Drilling CO)
Base Salary and Annual Bonus. The Company shall pay Executive an amount equal to three (3) times the sum of Executive’s annual Base Salary and Target Annual Bonus, which shall be paid in substantially equal installments in accordance with the Company’s normal payroll practices commencing on the sixtieth (60th) day following the Termination Date through the first third (1st3rd) anniversary of the Termination Date, provided that the first such payment shall include any amounts that would have otherwise been paid during the period from the Termination Date through the sixtieth (60th) day following the Termination Date.
Appears in 2 contracts
Samples: Employment and Non Competition Agreement (Vantage Drilling International), Employment and Non Competition Agreement (Vantage Drilling CO)
Base Salary and Annual Bonus. The Company shall pay Executive an amount equal to two (2) times the sum of Executive’s annual Base Salary and Target Annual BonusBonus Opportunity, which shall be paid in substantially equal installments in accordance with the Company’s normal payroll practices commencing on the sixtieth (60th) day following the Termination Date through the first second (1st2nd) anniversary of the Termination Date, provided that the first such payment shall include any amounts that would have otherwise been paid during the period from the Termination Date through the sixtieth (60th) day following the Termination Date.
Appears in 1 contract
Samples: Employment Agreement (Vantage Holdings Malaysia I Co.)
Base Salary and Annual Bonus. The Company shall pay Executive an amount equal to the sum of Executive’s annual Base Salary and Target Annual BonusBonus Opportunity, which shall be paid in substantially equal installments in accordance with the Company’s normal payroll practices commencing on the sixtieth (60th) day following the Termination Date through the first (1st) anniversary of the Termination Date, provided that the first such payment shall include any amounts that would have otherwise been paid during the period from the Termination Date through the sixtieth (60th) day following the Termination Date.
Appears in 1 contract
Samples: Employment Agreement (Vantage Drilling Labuan I Ltd.)
Base Salary and Annual Bonus. The Company shall pay Executive an amount equal to the sum of Executive’s annual Base Salary and Target Annual Bonus, which shall be paid in substantially equal installments in accordance with the Company’s normal payroll practices commencing on the sixtieth (60th) day following the Termination Date through the first (1st) anniversary of the Termination Date, provided that the first such payment shall include any amounts that would have otherwise been paid during the period from the Termination Date through the sixtieth (60th) day following the Termination Date.. OFFSHORE GROUP INVESTMENT LIMITED EMPLOYMENT AGREEMENT
Appears in 1 contract
Samples: Employment and Non Competition Agreement (Vantage Drilling CO)
Base Salary and Annual Bonus. The Company shall pay Executive an amount equal to the sum of Executive’s annual Base Salary and Target Annual BonusBonus Opportunity, which shall be paid in substantially equal installments in accordance with the #4831-1006-7512v2 Company’s normal payroll practices commencing on the sixtieth (60th) day following the Termination Date through the first (1st) anniversary of the Termination Date, provided that the first such payment shall include any amounts that would have otherwise been paid during the period from the Termination Date through the sixtieth (60th) day following the Termination Date.
Appears in 1 contract
Samples: Employment Agreement (Vantage Drilling International)
