Partial Incentive Bonus. In the event that, prior to a Change of Control, but on or before December 31, 2000, a person or group of persons who are not shareholders of Holdings on December 31, 1999 acquires ten percent (10%) or more of the equity of Holdings on a fully diluted basis (a "Ten Percent Or Greater Acquisition"), then for each such Ten Percent Or Greater Acquisition the Employee shall receive as an Incentive Bonus a single cash payment at the closing of the Ten Percent Or Greater Acquisition transaction in an amount equal to (i) multiplied by (ii) below, where:
Appears in 7 contracts
Samples: Employment Agreement (Travelcenters of America LLC), Employment Agreement (Travelcenters of America LLC), Employment Agreement (Travelcenters Realty Inc)
