Employee Retention Bonus. Seller shall reimburse Purchaser for up to Five Hundred Fifty Thousand Dollars ($550,000) to be distributed by Purchaser following the twelve month anniversary of the Closing Date to Continuing Employees then still employed by the Purchaser, in the allocations set forth on Schedule 3.2; provided, however, that in the event any person listed on Schedule 3.2 does not agree to accept employment with the Purchaser upon the Closing, the amounts so allocated to such person on Schedule 3.2 may be re-allocated by Purchaser prior to the Closing Date to any other Employee listed on Schedule 3.2; and provided, further that Purchaser may, for its own account, negotiate additional retention bonus amounts above those specified during the period of time between the date hereof and the Closing Date (in which such case such reallocation or additions shall be set forth on an amended Schedule 3.2 to be delivered by Purchaser to Seller prior to the Closing). Except as set forth in the preceding sentence, any amounts allocated to a Continuing Employee pursuant to Schedule 3.2 who is not so employed upon the twelve month anniversary shall not be reallocated and Seller shall have no reimbursement obligations with respect to any such amounts.
Employee Retention Bonus. 41.2 On the Commencement Date, YMCA Canberra will provide Full Time Employees and Part Time Employees, excluding Fixed Term Employees, a retention bonus of $1,000 if at the Commencement Date an Employee has completed 5 or more years of continuous service with YMCA Canberra.
Employee Retention Bonus. Applies to regular status bargaining unit members in the classification of Behavioral Health Nurse 1 or 2, working in a mental health program. The total, maximum, amount of the Employee Retention Bonus will be $3,000, prorated based on FTE. This bonus will be paid as follows: • $1,500 (50% of the bonus), prorated based on FTE, will be paid after 6 months of continuous employment following the approval date of this Letter of Agreement. • $1,500 (50% of the bonus), prorated based on FTE, will be paid after 12 months of continuous employment following the approval date of this Letter of Agreement.
Employee Retention Bonus. Dear «Nick_Name»: In recognition of your continuing key role at Basic Energy Services, Inc. (the “Company”), you shall be entitled to a bonus upon the terms and conditions set forth in this letter agreement (this “Agreement”). Please refer to Appendix A for certain defined terms used herein.
Employee Retention Bonus. The Company will offer to each of its employees set forth on Schedule 1.17 attached hereto, a one (1) year retention bonus (“Retention Bonus”) in the amount set forth on Schedule 1.17; provided such employees to whom a Retention Bonus is offered agree in writing at or prior to the Closing to remain in the employ of the Surviving Corporation until at least the one-year anniversary of the Closing. The parties agree that the aggregate Retention Bonus amount shall be reimbursed to the Surviving Corporation by the Company Shareholders according to the percentages set forth on Schedule 1.17(i) within ten (10) days following the first principal payment to the Company Shareholders under the Notes (as provided in Section 2 of the Notes), provided the Company is not then in default under the Notes. Furthermore, the Company shall (i) incur the cost of the employer portion of the employment tax and (ii) gross up the amount paid in bonus so that each employee receives, on an after tax basis, an amount approximately equal to the Retention Bonus designated to be received by such employee as set forth on Schedule 1.17.
Employee Retention Bonus. The Company shall reimburse Acquirer for up to $500,000.00 to be distributed by the Acquirer following the first anniversary of the Closing Date to Transferred Employees then still employed by the Acquirer (the "Reimbursed Bonus Payments"); and provided, further, that Acquirer may, for its own account, negotiate additional retention bonus amounts above those specified during the period of time between the date hereof and the Closing Date. Acquirer shall provide a schedule of the Reimbursed Bonus Payments paid by Acquirer in accordance with this Section 5.9(d) certified by Acquirer's Chief Financial Officer. The Company shall make the Reimbursement Bonus Payment to Acquirer no later than five (5) business days after receipt of such certification.
Employee Retention Bonus. Dear «Nick_Name»: In recognition of your continuing key role at Azure Midstream Partners LP (“Azure”) and Azure Midstream Energy LLC (“AME” and together with Azure, the “Companies”), you shall be entitled to a retention bonus upon the terms and conditions set forth in this letter agreement (this “Agreement”). Please refer to Appendix A for certain defined terms used herein.
