Bonus Differential Sample Clauses

Bonus Differential. In the event that ▇▇▇▇▇ is entitled to ------------------ receive a Performance Bonus (as such term is defined in the Employment Agreement between ▇▇▇▇▇ and GRTN of even date herewith) from GRTN: (i) GRTN shall notify GRC in writing of the amount and date such Performance Bonus is payable to ▇▇▇▇▇, (ii) GRC shall inform GRTN by written notice of the bonus differential amount which GRC is obligated to pay to ▇▇▇▇▇ pursuant to his Termination and Release Agreement with GRC, and (iii) GRTN shall pay to GRC as a fee an amount equal to such bonus differential amount to be paid by GRC to ▇▇▇▇▇ within three (3) business days prior to the due date for each such bonus differential as provided in ▇▇▇▇▇'▇ Termination and Release Agreement. The parties mutually agree that the maximum bonus differential amount to be paid by GRC to ▇▇▇▇▇ (and GRTN to GRC) for the period ending June 30, 2000 shall be one hundred two thousand eight hundred twelve dollars ($102,812), and the parties mutually agree that the maximum bonus differential amount to be paid by GRC to ▇▇▇▇▇ (and GRTN to GRC) for the period ending March 31, 2001 shall be one hundred two thousand four hundred thirty eight dollars ($102,438).