Common use of Cash Retention Bonus Clause in Contracts

Cash Retention Bonus. You will be eligible to receive a special cash retention bonus (your "CASH RETENTION BONUS") equal to the amount set forth in the Schedule. You will receive your Cash Retention Bonus on or shortly following the end of the Compensation Period only if you are an employee of the Company on the last day of your Compensation Period. Additionally, you shall receive your Cash Retention Bonus if you are involuntarily terminated by the Company without "Cause" (as defined in the Schedule) or you cease to be an employee of the Company prior to the applicable payment date as a result of death or physical or mental disability. You shall not receive any portion of your Cash Retention Bonus if you cease to be an employee of the Company prior to the applicable payment date if the Company terminates your employment for Cause.

Appears in 5 contracts

Samples: Employment Agreement (Intermagnetics General Corp), Employment Agreement (Intermagnetics General Corp), Employment Agreement (Intermagnetics General Corp)

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