Common use of Cash Retention Award Clause in Contracts

Cash Retention Award. Upon execution of this Agreement, the Grantee will receive a one-time, non-recurring $3,500,000 cash retention award. The Grantee hereby agree that, in the event the Grantee voluntarily terminate his employment with the Company on or before December 31, 2015 without the Board’s mutual consent, the Grantee shall repay the Company that portion of this award determined by multiplying (a) $1,750,000 by (b) a fraction, the numerator of which is the number of days from the date the Grantee’s employment terminates through December 31, 2015 and the denominator of which is 1,095. The Grantee acknowledges that he will not receive any annual bonus for his services in 2012 in addition to the retention award.

Cash Retention Award. Upon execution of this Agreement, the Grantee will receive a one-time, non-recurring $3,500,000 2,400,000 cash retention award. The Grantee hereby agree that, in the event the Grantee voluntarily terminate his employment with the Company on or before December 31, 2015 without the Board’s mutual consent, the Grantee shall repay the Company that portion of this award determined by multiplying (a) $1,750,000 1,200,000 by (b) a fraction, the numerator of which is the number of days from the date the Grantee’s employment terminates through December 31, 2015 and the denominator of which is 1,095. The Grantee acknowledges that he will not receive any annual bonus for his services in 2012 in addition to the retention award.

Cash Retention Award. Upon execution of this Agreement, the Grantee will receive a one-time, non-recurring $3,500,000 2,000,000 cash retention award. The Grantee hereby agree that, in the event the Grantee voluntarily terminate his employment with the Company on or before December 31, 2015 without the Board’s mutual consent, the Grantee shall repay the Company that portion of this award determined by multiplying (a) $1,750,000 1,200,000 by (b) a fraction, the numerator of which is the number of days from the date the Grantee’s employment terminates through December 31, 2015 and the denominator of which is 1,095. The Grantee acknowledges that he will not receive any annual bonus for his services in 2012 in addition to the retention award.