DEFERRED SIGNING BONUS Sample Clauses

DEFERRED SIGNING BONUS. Section 4.01 of the Employment Agreement is hereby amended by deleting the last sentence of Section 4.01(c)(i).
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DEFERRED SIGNING BONUS. The Company shall pay Executive a deferred signing bonus equal to $75,000 (U.S.) (the “Signing Bonus”). Except as set forth in Section 4.1 hereof, the Signing Bonus shall be payable once the cash revenues generated by the Company (or any of its subsidiaries) from Slot Champ (or any successor technology or products that incorporate material portions of the intellectual property of Slot Champ) after deducting app store fees has reached $200,000. The Signing Bonus shall be subject to all state, federal, and local payroll tax withholding and any other withholdings required by law.
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DEFERRED SIGNING BONUS. Section 4.01 of the Employment Agreement is hereby amended by deleting Section 4.01 thereof as in effect immediately prior to the date hereof in its entirety (the "DELETED SECTION 4.01") (and the Employee hereby releases the Company from all obligations arising under the Deleted Section 4.01) and replacing it with the following restated Section 4.01 (including the definitions contained in paragraph 3 hereof):
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DEFERRED SIGNING BONUS. (a) In consideration for entering into this Agreement the sum of $3,500,000 (which is in addition to and not part of the sums identified in Article III) shall be credited as of the date hereof to a deferred compensation account (the "Account") established on the books and records of the Company on behalf of Employee. The Account shall also be credited at the end of each quarter with a sum equal to the product of (i) the amount credited to the Account as of the day before the end of the quarter and (ii) 2.5% (the "Interest Credit" for such quarter); PROVIDED THAT Employee may elect in accordance with Section 4.01(b) to have the Interest Credit for a quarter paid to him in cash on the last day of that quarter, in which case the Account shall not be credited with such Interest Credit. Subject to this Article IV, the amount credited to the Account shall be distributed in a cash lump sum to Employee on the eighth anniversary of the Effective Date. The payment of the Account is expressly not contingent on the Employee's continuing in employment with the Company for any period of time or, except for the provisions of this Article IV, his fulfillment of any provision of this Agreement. The amount credited to the Account and any Interest Credit for any quarter are collectively referred to herein as the "Deferred Compensation".
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DEFERRED SIGNING BONUS. (a) In consideration for entering into this Agreement, on May 26, 1999, (x) the sum of $2,405,992 (which is in addition to and not part of the sums identified in Article III) shall be credited to a deferred compensation account (the "TRANCHE A ACCOUNT"), (y) $1,094,008 (which is in addition to and not part of the sums identified in Article III) shall be credited to a deferred compensation account (the "TRANCHE B ACCOUNT"; and collectively with the Tranche A Account, the "ACCOUNTS"), in each case, on the books and records of the Company on behalf of the Employee and (z) the sum of $52,739.72, which represents accrued interest for the period beginning April 1, 1999 and ending on May 26, 1999, shall be paid to Employee on June 30, 1999.
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DEFERRED SIGNING BONUS. If the conditions of the balance of this subsection are satisfied, the Company shall pay to Executive an amount equal to 800,000 multiplied by the positive difference, if any, between (a) the average closing price of a share of the Company’s common stock on the principal stock exchange on which the Company’s common stock is listed and traded during the ten (10) trading days immediately preceding September 5, 2006 and (b) $22.13. Twenty-five percent (25%) of the amount derived from the formula in the preceding sentence shall be paid to Executive on December 31, 2007, 2008, 2009 and 2010, if Executive is employed by the Company on those dates. If Executive is not employed on any of those dates, payment will be made to Executive or his estate, as the case may be, only pursuant to Sections 8(a)(i) and 8(b)(iii).
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DEFERRED SIGNING BONUS. Executive shall be eligible to receive a signing bonus, as incentive compensation, in the amount of $3.0 million, payable in four equal quarterly installments of $750,000 on each of the three, six, nine and twelve month anniversaries of the date of this Agreement, contingent, with respect to each such installment, upon Executive’s continued employment (or deemed continued employment pursuant to Section 7.5) with the Company as Chief Executive Officer on the earliest to occur of (i) with respect to each such installment, the anniversary date on which such installment is payable, (ii) the date of Executive’s termination of employment by the Company without Cause or by the Executive for Good Reason during the Employment Period or (iii) a
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Related to DEFERRED SIGNING BONUS

  • Signing Bonus The Executive shall receive a signing bonus equal to $2,250,000 (the “Signing Bonus”), payable within thirty (30) days following March 15, 2019, subject to the Executive’s continued employment through such date. Notwithstanding the foregoing, if the Executive is terminated by the Company without Cause or resigns for Good Reason prior to March 15, 2019, the Signing Bonus will remain outstanding and payable in accordance with this Section 6(c).

  • Retention Bonus You will be eligible for a lump sum cash payment on the first anniversary of the Acquisition Date provided that you are employed by the Company as of such date in an amount equal to the sum of (i) 100% of your annual base salary in effect as of the Acquisition Date, plus (ii) 100% of the annual bonus paid to you for the Company’s fiscal year ending December 31, 2008 (such sum, the “First Year Retention Bonus”). You will be eligible for a lump sum cash payment on the second anniversary of the Acquisition Date provided that you are employed by the Company as of such date in an amount equal to the sum of (i) 100% of your annual base salary in effect as of the Acquisition Date, plus (ii) 100% of the annual bonus paid to you for the Company’s fiscal year ending December 31, 2008 (such sum, the “Second Year Retention Bonus”). Except as set forth below, you will not be eligible for the retention bonuses as set forth above if your employment terminates prior to such applicable anniversary. In the event of your Voluntary Termination for Good Reason (as defined below), the termination of your employment by the Company other than for Justifiable Cause, or in the event of your death or “permanent disability” as defined in the Company’s long-term disability policy (i) during the first twelve month period following the Acquisition Date, you will be eligible for a pro rata portion of the First Year Retention Bonus, counting full months of employment with the Company from the Acquisition Date through such termination, and (ii) during the second twelve month period following the Acquisition Date, you will be eligible for a pro rata portion of the Second Year Retention Bonus, counting full months of employment with the Company from the first anniversary of the Acquisition Date through such termination. Any prorated payment pursuant to the preceding sentence shall be made within 10 business days of such termination. If the annual bonus payment for the Company’s fiscal year ending December 31, 2008 has not been paid to you or otherwise determined by the Company as of the date the prorated payment is due, the prorated payment shall be calculated using your target bonus amount for 2008. Payments under this Section 8 shall be net of any applicable withholding taxes. For purposes of this Section 8, “Voluntary Termination for Good Reason” shall have the same meaning as given to such term under the Key Employee Change in Control Severance Plan as in effect immediately prior to the Acquisition Date, but with respect to the First Year Retention Bonus only, determined without regard to clause (ii) thereof.”

  • Severance Allowance In the event of a Control Termination of this Agreement, Executive may elect, within 60 days after such Control Termination, to be paid a lump sum severance allowance, in lieu of the termination payments provided for in Section 11 above, in an amount which is equal to the sum of the amounts determined in accordance with the following clauses (a) and (b):

  • Separation Compensation In exchange for your agreement to the general release and waiver of claims and covenant not to sue set forth below and your other promises herein, the Company agrees to provide you with the following:

  • Severance Compensation In the event (i) Employee terminates this Agreement for Good Reason in accordance with Paragraph 11.3 hereof; (ii) Employee is terminated for any reason (except death or disability) upon, or within six months following, a "Change in Management or Control (as such term is defined in Paragraph 11.5 hereof);" or (iii) Employee is terminated without Cause, the Company shall be obligated to pay severance compensation to Employee in an amount equal to his salary compensation (at the rate payable at the time of such termination) for a period of six (6) months from the date of termination. Notwithstanding the foregoing, if Employee is employed by a new employer, or as a consultant after the termination of this Agreement, the severance compensation payable to Employee hereunder shall be reduced by the amount of compensation that Employee actually receives from the new employer, or as a consultant. However, Employee shall have a duty to inform the Company that he has obtained such new employment, and the failure to do so is a material breach of this Agreement. In such event, the Company shall be entitled to (i) cease all payments to Employee under this Paragraph 11.4; and (ii) recover any unauthorized payments to Employee in an action for breach of contract. Notwithstanding anything else in this Agreement to the contrary, solely in the event of a termination upon or following a Change in Management or Control, the amount of severance compensation paid to Employee hereunder shall not include any amount that the Company is prohibited from deducting for federal income tax purposes by virtue of Section 280G of the Internal Revenue Code of 1986, as amended, or any successor provision. In addition to the foregoing severance compensation, the Company shall pay Employee (i) all compensation for services rendered hereunder and not previously paid; (ii) accrued vacation pay; and (iii) any appropriate business expenses incurred by Employee in connection with his duties hereunder and approved pursuant to Section 4 hereof, all through the date of termination. Employee shall not be entitled to any bonus compensation, whether vested or unvested; or any other compensation, benefits or reimbursement of any kind.

  • Retention Bonuses Provided Executive becomes and remains an active employee of Mercantile, Mercantile will pay Executive retention bonuses in accordance with the following schedule:

  • Incentive and Bonus Compensation The Executive shall be eligible to participate in the Company’s existing and future bonus and stock option plans and other incentive compensation programs for similarly situated executives (collectively, “Plans”), to the extent that the Executive is qualified to participate in any such Plan under the generally applicable provisions thereof in effect from time to time. Such eligibility is not a guarantee of participation in or of the receipt of any award, payment or other compensation under any Plan. To the extent the Executive does participate in a Plan and the Plan does not expressly provide otherwise, the Chief Executive Officer and/or the Board, as appropriate, may determine all terms of participation (including, without limitation, the type and size of any award, payment or other compensation and the timing and conditions of receipt thereof by the Executive) in the Chief Executive Officer’s or the Board’s sole and absolute discretion. Nothing herein shall be deemed to prohibit the Company or the Board from amending or terminating any and all Plans in its sole and absolute discretion. Except as otherwise provided herein, the terms of each Plan shall govern the Executive’s rights and obligations thereunder during the Executive’s employment and upon the termination thereof. Without limiting the generality of the foregoing, the definition of “Cause” hereunder shall not supersede the definition of “cause” in any Plan (unless the Plan expressly defers to the definition of “cause” under an executive’s employment agreement) and any rights of the Executive hereunder upon and subsequent to the termination of the Executive’s employment shall be in addition to, and not in lieu of, any right of the Executive under any Plan then in effect upon or subsequent to a termination of employment.

  • Incentive Bonus Compensation The Executive shall be eligible for incentive bonus compensation for each Fiscal Year in an amount to be determined by the Board of Directors or any committee thereof ("INCENTIVE BONUS COMPENSATION").

  • Severance Payment Executive will be paid continuing payments of severance pay at a rate equal to Executive’s base salary rate, as then in effect, for twelve (12) months from the date of such termination of employment, to be paid periodically in accordance with the Company’s normal payroll policies.

  • Bonus Compensation The Executive shall not receive any bonus payment whatsoever pursuant to Section 3.02 or the Bonus Plan except such bonus which is already earned and due to be paid up to and including the Termination Date, notwithstanding any period following the Termination Date during which the Executive may receive any payments or benefits under the terms of the Agreement.

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