Long Term Cash Incentive. In the event of a Change in Control (as defined below), subject to the Executive's continued employment with the Company through such Change in Control, the Executive shall be eligible to receive a long term cash incentive bonus equal to $1,600,000.00 (the "Cash Incentive Bonus"). The Cash Incentive Bonus shall be paid to the Executive within the sixty (60) day period following such Change in Control (the "Payment Date"). Notwithstanding the foregoing, in the event that Executive's employment is terminated (x) by the Company without Cause (as defined below) or (y) by the Executive for Good Reason (as defined below), in each case, during the period that begins forty-five (45) days prior to the date the Company enters into a definitive agreement that if consummated would result in a Change in Control and ends on the date such Change in Control is consummated, Executive shall continue to be eligible to receive the Cash Incentive Bonus on the Payment Date.
Appears in 2 contracts
Samples: Employment Agreement (Delta Tucker Holdings, Inc.), Employment Agreement (Delta Tucker Holdings, Inc.)
Long Term Cash Incentive. In the event of a Change in Control (as defined below), subject to the Executive's continued employment with the Company through such Change in Control, the Executive shall be eligible to receive a long term cash incentive bonus equal to $1,600,000.00 960,000.00 (the "Cash Incentive Bonus"). The Cash Incentive Bonus shall be paid to the Executive within the sixty (60) day period following such Change in Control (the "Payment Date"). Notwithstanding the foregoing, in the event that Executive's employment is terminated (x) by the Company without Cause (as defined below) or (y) by the Executive for Good Reason (as defined below), in each case, during the period that begins forty-five (45) days prior to the date the Company enters into a definitive agreement that if consummated would result in a Change in Control and ends on the date such Change in Control is consummated, Executive shall continue to be eligible to receive the Cash Incentive Bonus on the Payment Date.
Appears in 1 contract
Long Term Cash Incentive. In the event of a Change in Control (as defined below), subject to the Executive's ’s continued employment with the Company through such Change in Control, the Executive shall be eligible to receive a long term cash incentive bonus equal to $1,600,000.00 2,000,000 (the "“Cash Incentive Bonus"”). The Cash Incentive Bonus shall be paid to the Executive within the sixty (60) day period following such Change in Control (the "“Payment Date"”). Notwithstanding the foregoing, in the event that Executive's ’s employment is terminated (x) by the Company without Cause (as defined below) or (y) by the Executive for Good Reason (as defined below), in each case, during the period that begins forty-five (45) days prior to the date the Company enters into a definitive agreement that if consummated would result in a Change in Control and ends on the date such Change in Control is consummated, Executive shall continue to be eligible to receive the Cash Incentive Bonus on the Payment Date.
Appears in 1 contract
Long Term Cash Incentive. In the event of a Change in Control (as defined below), subject to the Executive's continued employment with the Company through such Change in Control, the Executive shall be eligible to receive a long term cash incentive bonus equal to $1,600,000.00 384,000.00 (the "Cash Incentive Bonus"). The Cash Incentive Bonus shall be paid to the Executive within the sixty (60) day period following such Change in Control (the "Payment Date"). Notwithstanding the foregoing, in the event that Executive's employment is terminated (x) by the Company without Cause (as defined below) or (y) by the Executive for Good Reason (as defined below), in each case, during the period that begins forty-five (45) days prior to the date the Company enters into a definitive agreement that if consummated would result in a Change in Control and ends on the date such Change in Control is consummated, Executive shall continue to be eligible to receive the Cash Incentive Bonus on the Payment Date.
Appears in 1 contract
Long Term Cash Incentive. In the event of a Change in Control (as defined below), subject to the Executive's continued employment with the Company through such Change in Control, the Executive shall be eligible to receive a long term cash incentive bonus equal to [$1,600,000.00 832,000] (the "Cash Incentive Bonus"). The Cash Incentive Bonus shall be paid to the Executive within the sixty (60) day period following such Change in Control (the "Payment Date"). Notwithstanding the foregoing, in the event that Executive's employment is terminated (x) by the Company without Cause (as defined below) or (y) by the Executive for Good Reason (as defined below), in each case, case during the period that begins forty-five (45) days prior to the date the Company enters into a definitive agreement that if consummated would result in a Change in Control and ends on the date such Change in Control is consummated, Executive shall continue to be eligible to receive the Cash Incentive Bonus on the Payment Date.
Appears in 1 contract