Change in Control Bonus. The Company (or any successor entity) shall pay to the Executive a lump sum bonus amount equal to two (2) times Executive’s Base Salary. Such bonus shall be paid to Executive in full simultaneously upon the close of the transaction that has created the Change of Control.
Appears in 2 contracts
Samples: Employment Agreement (Summit Healthcare REIT, Inc), Employment Agreement (Summit Healthcare REIT, Inc)
Change in Control Bonus. The Company (or any successor entity) shall pay to the Executive a lump sum bonus amount equal to two three (23) times Executive’s Base Salary. Such bonus shall be paid to Executive in full simultaneously upon the close of the transaction that has created the Change of Control.
Appears in 2 contracts
Samples: Employment Agreement (Summit Healthcare REIT, Inc), Employment Agreement (Summit Healthcare REIT, Inc)
Change in Control Bonus. The Company (or any successor entity) shall pay to the Executive a lump sum bonus amount equal to two three (23) times Executive’s then-current Base Salary. Such bonus shall be paid to Executive in full simultaneously upon the close of the transaction that has created the Change of Control.
Appears in 1 contract
Change in Control Bonus. The Company (or any successor entity) shall pay to the Executive a lump sum bonus amount equal to two (2) times Executive’s then-current Base Salary. Such bonus shall be paid to Executive in full simultaneously upon the close of the transaction that has created the Change of Control.
Appears in 1 contract
