Extension Bonus. As soon as practicable following the Effective Date, the Company shall pay the Executive an extension bonus equal to $500,000.
Extension Bonus. The Company shall pay to Executive an extension bonus of $175,000 payable on February 2, 1998, PROVIDED THAT, Executive is employed by the Company on such date.
Extension Bonus. In addition to his base salary and standard benefits, including PTO, the Executive shall be paid a five-thousand-dollar ($5,000.00) extension bonus for serving as Chief Financial Officer of the Company through completion of the extended term of April 5, 2024. The extension bonus will be paid in the April 5, 2024 payroll, net of applicable withholdings and deductions.
Extension Bonus. In addition to the Base Salary and Bonus, Executive shall receive a total of $500,000, payable in eight consecutive quarterly installments of $62,500 each on or before the fifteenth (15) day of each quarter, commencing with the quarter beginning on January 1, 2004 (the “Extension Bonus”); provided that Executive is employed by the Company on the first day of such quarter. In the event of Executive’s death, long-term disability, or a Realization Event (as defined in the 2000 Stock Option Plan of Resolution Performance Products Inc.) prior to the Extension Bonus being paid in full, the Company shall pay to Executive a lump sum amount (to be considered pensionable wages) equal to the remaining unpaid balance of the Extension Bonus.”
Extension Bonus. Subject to the Ratification of this agreement for employees who are over scale as of 10/1/14, a quarterly bonus of $125.00 will be accrued and paid in the first paycheck following the end of the quarter. The first quarter will be 10/1/14 to 12/31/14 for the current “over scale”. For employees who become over scale after 10/1/14, the $125.00 bonus which will be paid in the first paycheck following the end of each quarter. To be eligible to receive the bonus the employee must be over scale from the beginning day of the quarter to the last day of the quarter. The quarterly bonuses are for the term of this contact. If the employee retires or leaves the company and was over scale for the prior quarter the employee will receipt payment for any accrued bonus.
Extension Bonus. NutraCea shall pay Employee a bonus (“Extension Bonus”) of one hundred thousand dollars ($100,000) to Employee, payable fifty thousand dollars ($50,000) on or before November 30, 2009, and fifty thousand dollars ($50,000) on or before March 31, 2010. In the event Employee terminates this Agreement voluntarily or his employment is terminated by NutraCea for Cause prior to June 30, 2011, then Employee shall immediately return the full amount of the Extension Bonus to NutraCea.
Extension Bonus. If at any time prior to or within one year of the expiration of the term of the SouthStar Agreement that will be assigned to Purchaser hereunder Purchaser and SouthStar agree to an extension of such agreement or a new agreement with a term of at least four (4) years, Purchaser shall pay to Seller, its successor, or its shareholder a one time payment of Two Million Dollars ($2,000,000) within thirty (30) days of such extension or new agreement; PROVIDED, HOWEVER, Purchaser shall not be obligated to make such payment in the event that (i) prior to the agreement regarding an extension or new agreement, Seller has made or is obligated to make any payment to Purchaser pursuant to Section 8.01(vii) of this Agreement, or (ii) during the one year period after expiration of the term of the SouthStar Agreement, Purchaser no longer services any SouthStar accounts.
Extension Bonus. Employer requested that Executive forego the $900,000 in severance compensation to which Executive would otherwise be entitled pursuant to Section 6.4 hereof upon expiration of the Employment Period. Executive hereby agrees to forego such severance and in consideration thereof and of the extension of the Employment Period through January 29, 2009, Employer shall pay to Executive an extension bonus in the amount of $900,000. The parties acknowledge and agree that the extension bonus is being paid to Executive in lieu of an equal amount of severance which otherwise would have been payable to Executive had this Employment Agreement expired on January 29, 2005.
Extension Bonus. For and inconsideration of Mr. Kurtanjek entering into this Amendment, WMTC shall grant to him a five-year incentive warrant to purchase up to 1,000,000 shares of common stock of WMTC at US$1.50 per share and subject to the further terms and conditions set forth in the form of the warrant attached hereto as Exhibit A and incorporated herein.
Extension Bonus. On or about February 7, 2010, WMTC granted to Mr. Flower a five-year incentive warrant to purchase up to 1,000,000 shares of common stock of WMTC at US$1.50 per share. The parties agree that this warrant is hereby amended as follows: (i) the expiration date of the warrant is extended to December 31, 2017; (ii) the number of warrants is reduced to 300,000; and (iii) the exercise price of the warrants is reduced to US$0.65.
