Common use of Level One Retention Pay and Benefits Clause in Contracts

Level One Retention Pay and Benefits. The Company shall pay to Executive a retention bonus in two lump sum installment Payments, if the Executive is continuously employed with the Company from the Effective Date through the Retention Date, subject to Sections 4.1.1 and 4.1.2 below.

Appears in 3 contracts

Samples: Retention Agreement (Micron Electronics Inc), Retention Agreement (Micron Electronics Inc), Retention Agreement (Micron Electronics Inc)

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Level One Retention Pay and Benefits. The Company shall pay to Executive a retention bonus in two lump sum installment Payments, if the Executive is continuously employed with the Company from the Effective Date through the Retention Date or the CIC Retention Date, as the case may be, subject to Sections 4.1.1 and 4.1.2 below.

Appears in 1 contract

Samples: Retention Agreement (Micron Electronics Inc)

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Level One Retention Pay and Benefits. The Company shall pay to Executive a retention bonus in two lump sum installment Payments, if the Executive is continuously employed with the Company from the Effective Date through the Retention Date or an Acquirer Hire Date, as applicable, subject to Sections 4.1.1 and 4.1.2 below.

Appears in 1 contract

Samples: Retention Agreement (Micron Electronics Inc)

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