Lost Bonus. Executive represents and warrants to Company that he is entitled to a bonus from his current employer for the year ended December 31, 2004, in the amount of $1,500,000 and that such bonus would, but for this Agreement, be paid no later than March 31, 2005. Based upon such representation, Company agrees to pay to Executive no later than March 31, 2005, the sum of $1,500,000 less any amount Executive receives from his current employer in excess of his normal salary from and after December 31, 2004 (the “Lost Bonus”); provided, however, that if Executive terminates his employment hereunder without Good Reason prior to the first anniversary of the Effective Date, the Executive shall promptly repay to the Company all of the Lost Bonus received by him from the Company hereunder.
Lost Bonus. The Company shall pay the Executive an amount equal to the Lost Bonus in the amount of $20,000, provided that the Executive shall supply evidence satisfactory to the Company of the amount and calculation of the Lost Bonus. The Lost Bonus shall be payable at $10,000 within 15 days of Employee's start date and $10,000 after 90 days of employment. This Lost Bonus is only payable regarding previous company fails to pay employee for this amount.
Lost Bonus. The Company agrees to pay Employee a bonus of $330,000.00 due in February, 1998 if such bonus is not paid by Employee's Prior Employer because Employee is entering into employment with the Company or if such bonus has been paid to Employee and is required to be returned to Employee's Prior Employer because Employee is entering into employment with the Company.
Lost Bonus. (i) In the event that Employee does not receive compensation in excess of his regular salary for fiscal year 2004, which Employee would have been entitled to receive ("Lost Bonus Amount") had Employee remained in the employ of Copperweld Corporation ("Copperweld"), the Company and the Subsidiaries shall, jointly and severally, pay Employee the following bonus compensation at the following times to reimburse Employee for such Lost Bonus Amount, up to the lesser of (1) the Lost Bonus Amount, or (2) the aggregate compensation set forth in (A) though (C) of this Section 3(b)(i): (A) up to $25,000 payable within seven business days following the closing of the Company's initial public offering ("IPO") of its common shares (the "Initial Lost Bonus Payment"), (B) up to an additional $5,000 per month, for a period of five months, beginning in the month after the Company's IPO (collectively, the (the "Lost Bonus Cash Consideration") and (3) to the extent that the Lost Bonus Amount exceeds the Lost Bonus Cash Consideration, the grant of an option to purchase common shares of the Company which is valued (using the most commonly used method of valuation to determine the value of such option) at an amount equal to the positive difference between the Lost Cash Consideration and the Lost Bonus Amount, but the option shall in no event permit the purchase of more than 10,000 common shares of the Company. Such option shall be issued pursuant to the Company's Stock Option Plan and subject to such vesting restrictions as determined by the Board of Directors ("Lost Bonus Stock Options"). The Lost Bonus Stock Options will only be granted by the Company after the Lost Bonus Amount has been fully and finally determined.
