Common use of Cash Award Clause in Contracts

Cash Award. In consideration of the Executive's promises set forth herein, the Executive shall be paid a cash payment of $1,000,000 (the "Cash Payment") as of the Effective Date, less applicable withholding taxes. In the event that the Executive's employment is terminated for any reason on or before January 31, 2004, the Executive shall immediately forfeit this payment. Within 15 days of such termination, the Executive shall be required to repay the Cash Payment to the Company. If such repayment is not timely received by the Company, the Executive agrees that, in addition to all other remedies available to the Company, the Company shall have the following cumulative remedies:

Cash Award. In consideration of the Executive's promises set forth herein, the Executive shall be paid a cash payment of $1,000,000 750,000 (the "Cash Payment") as of the Effective Date, less applicable withholding taxes. In the event that the Executive's employment is terminated for any reason on or before January 31, 2004, the Executive shall immediately forfeit this payment. Within 15 days of such termination, the Executive shall be required to repay the Cash Payment to the Company. If such repayment is not timely received by the Company, the Executive agrees that, in addition to all other remedies available to the Company, the Company shall have the following cumulative remedies:

Cash Award. In consideration of the Executive's promises set forth herein, the Executive shall be paid a cash payment of $1,000,000 500,000 (the "Cash Payment") as of the Effective Date, less applicable withholding taxes. In the event that the Executive's employment is terminated for any reason on or before January 31, 2004, the Executive shall immediately forfeit this payment. Within 15 days of such termination, the Executive shall be required to repay the Cash Payment to the Company. If such repayment is not timely received by the Company, the Executive agrees that, in addition to all other remedies available to the Company, the Company shall have the following cumulative remedies:

Cash Award. In consideration of the consxxxxxxxxx xx xhe Executive's promises set forth herein, the Executive shall be paid a cash payment of $1,000,000 500,000 (the "Cash Payment") as of the Effective Date, less applicable withholding taxes. In the event that the Executive's employment is terminated for any reason on or before January 31, 2004, the Executive shall immediately forfeit this payment. Within 15 days of such termination, the Executive shall be required to repay the Cash Payment to the Company. If such repayment is not timely received by the Company, the Executive agrees that, in addition to all other remedies available to the Company, the Company shall have the following cumulative remedies: