Common use of Change in Control Bonus Clause in Contracts

Change in Control Bonus. Subject to Executive’s continued employment with the Company through the occurrence of the first Change in Control that occurs no later than December 31, 2013, the Company shall pay Executive a lump sum cash payment of $ (the “Change in Control Bonus”) within five days following such Change in Control. The Change in Control Bonus shall be subject to all applicable tax and other legally-required withholdings.

Appears in 2 contracts

Samples: Change in Control Bonus Agreement (Veramark Technologies Inc), Change in Control Bonus Agreement (Veramark Technologies Inc)

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Change in Control Bonus. Subject to Executive’s continued employment with the Company through the occurrence of the first Change in Control that occurs no later than December 31April 1, 2013, the Company shall pay Executive a lump sum cash payment of $ $1 million (the “Change in Control Bonus”) within five (5) days following such Change in Control. The Change in Control Bonus shall be subject to all applicable tax and other legally-required withholdings.

Appears in 1 contract

Samples: Change in Control Bonus Agreement (Integral Systems Inc /Md/)

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Change in Control Bonus. Subject Upon a Change in Control of the Company, the Executive will receive a payment equal to one (1) times the Executive’s continued 's Salary on the date of the Change in Control, provided that the Executive is still employed by the Company on the date that is 44 days before the date of the Change in Control. If the Executive's employment with the Company through is terminated for any reason prior to the occurrence date that is 44 days before the date of the first Change in Control, he will forfeit the entire Change in Control that occurs no later than December 31, 2013, the Company shall pay Executive a lump sum cash payment of $ (the “Change in Control Bonus”) within five days following such Change in Controlbonus. The Change in Control Bonus shall bonus payment will be subject paid to all applicable tax and other legally-required withholdingsthe Executive in cash within 30 days after the Change in Control.

Appears in 1 contract

Samples: Beacon Enterprise Solutions (Beacon Enterprise Solutions Group Inc)

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