Common use of Emergence Payments Clause in Contracts

Emergence Payments. Upon Emergence, the Executive shall be entitled to receive a cash bonus equal to eighty-three percent (83%) of the Executive's Base Salary, which payments shall become payable as follows (A) fifty percent (50%) on the date of Emergence (the "Emergence Date"), (ii) twenty-five percent (25%) on the six-month anniversary of the Emergence Date and (iii) twenty-five percent (25%) on the one-year anniversary of the Emergence Date.

Emergence Payments. Upon Emergence, the Executive shall be entitled to receive a cash bonus equal to eighty-three fifty percent (8350%) of the Executive's Base Salary, which payments shall become payable as follows (A) fifty percent (50%) on the date of Emergence (the "Emergence Date"), (ii) twenty-five percent (25%) on the six-month anniversary of the Emergence Date and (iii) twenty-five percent (25%) on the one-year anniversary of the Emergence Date.

Emergence Payments. Upon Emergence, the Executive shall be entitled to receive a cash bonus equal to eightyone hundred sixty-three seven percent (83167%) of the Executive's Base Salary, which payments shall become payable as follows (A) fifty percent (50%) on the date of Emergence (the "Emergence Date"), (ii) twenty-five percent (25%) on the six-month anniversary of the Emergence Date and (iii) twenty-five percent (25%) on the one-year anniversary of the Emergence Date.

Emergence Payments. Upon Emergence, the Executive shall be entitled to receive a cash bonus equal to eightyone hundred twenty-three five percent (83125%) of the Executive's Base Salary, which payments shall become payable as follows (A) fifty percent (50%) on the date of Emergence (the "Emergence Date"), (ii) twenty-five percent (25%) on the six-month anniversary of the Emergence Date and (iii) twenty-five percent (25%) on the one-year anniversary of the Emergence Date.