Common use of Cash Retention Payment Clause in Contracts

Cash Retention Payment. The Executive shall be entitled to receive a lump sum cash payment of $115,000 on January 31, 2007, if he is employed by the Company on that date. If the Executive is employed on January 31, 2007, as provided herein, the cash payment shall be paid to the Executive no later than the next regularly scheduled payroll date following the date the Executive becomes entitled to such payment.

Cash Retention Payment. The Executive shall be entitled to receive a lump sum cash payment of $115,000 on January 31, 2007, 55,000 if he she is employed by the Company on that dateSeptember 30, 2006. The Executive shall be entitled to receive an additional lump sum cash payment of $55,000 if she is employed by the Company on March 31, 2007. If the Executive is employed on January 31, 2007, as the date(s) provided herein, the cash payment payment(s) shall be paid to the Executive no later than the next regularly scheduled payroll date following the date the Executive becomes entitled to such payment.

Cash Retention Payment. The Executive shall be entitled to receive a lump sum cash payment of $115,000 on January 31, 2007, 35,000 if he is employed by the Company on that dateSeptember 30, 2006. The Executive shall be entitled to receive an additional lump sum cash payment of $35,000 if he is employed by the Company on March 31, 2007. If the Executive is employed on January 31, 2007, as the date(s) provided herein, the cash payment payment(s) shall be paid to the Executive no later than the next regularly scheduled payroll date following the date the Executive becomes entitled to such payment.

Cash Retention Payment. The Executive shall be entitled to receive a lump sum cash payment of $115,000 on January 31, 2007, 25,000 if he is employed by the Company on that dateSeptember 30, 2006. The Executive shall be entitled to receive an additional lump sum cash payment of $25,000 if he is employed by the Company on March 31, 2007. If the Executive is employed on January 31, 2007, as the date(s) provided herein, the cash payment payment(s) shall be paid to the Executive no later than the next regularly scheduled payroll date following the date the Executive becomes entitled to such payment.