Forfeiture of Retention Bonus Sample Clauses

Forfeiture of Retention Bonus. In the event the Company terminates the Executive’s employment for Cause, or the Executive voluntarily resigns from employment, the Executive shall forfeit his right to receive any unpaid portion of the Retention Bonus.
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Forfeiture of Retention Bonus. In the event that your employment with the Company is terminated either by the Company for Cause or by you other than for Good Reason, prior to the Payment Date you shall forfeit all right, title and interest in and to the Retention Bonus.
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Forfeiture of Retention Bonus. If Employee’s employment terminates for any reason (other than a termination by the Company other than for Cause) prior to the earlier of the dates described in Section 1, Employee will forfeit his eligibility for the Retention Bonus.
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Forfeiture of Retention Bonus. Notwithstanding any other provision, agreement, or representation to the contrary, TMTG agrees that the obligation of DWAC herein shall not apply to an Affiliate if:
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Forfeiture of Retention Bonus. In the event that Executive’s transition services with the Company terminate during the Transition Period due to termination by the Company for Cause or due to Executive’s resignation without Good Reason, then Executive shall not be entitled to receive the payment under Section 3(b). For the avoidance of doubt, Executive shall make no claim for any compensation or benefits from the Company, Parent, or any of their respective affiliates in connection with his termination of services with the Company other than with respect to the compensation and benefits provided in Sections 3 and 4 or with respect to any compensation or benefits that Executive is entitled to receive pursuant to applicable law.
Sample 1
Forfeiture of Retention Bonus. Employee agrees that in the event Employee does not earn the Retention Bonus, in full or in part, because Employee did not fulfill the obligations set forth above in Section 3, then Employee agrees to either forfeit future Installment Payments:
Sample 1
Forfeiture of Retention Bonus. The Employee is not eligible to receive the Retention Bonus if at any time prior to Closing: (a) the Employee resigns from Constellation Canada; or (b) the Employee’s employment is terminated by Constellation Canada for cause.
Sample 1
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Related to Forfeiture of Retention Bonus

  • 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.”

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