Common use of Payment of Bonus Clause in Contracts

Payment of Bonus. (a) Payment of your Retention Bonus will be subject to the consummation of the Merger, and the other terms and conditions set forth in this Retention Agreement, as well as to all applicable payroll withholdings and deductions. (b) Subject to the foregoing, you will receive the sum of $890,000 of your Retention Bonus in the first regular payroll of Oracle, its subsidiary or affiliated company at Oracle’s option, after the first year anniversary of the date of the Appointment Time (the “Vesting Date”) subject to your Continued Employment Relationship through the Vesting Date. (c) You must be employed by Oracle or one of its subsidiaries or affiliates, as designated by Oracle, on the Vesting Date to earn and receive your Retention Bonus. If your Employment Relationship is terminated for any reason prior to the Vesting Date, you will not earn and will not receive your Retention Bonus. In no circumstances could you or will you qualify for the benefits of this agreement if you qualify for the benefits of your severance agreement signed with Portal shortly before the Merger. Xxxxx Xxxxxx

Payment of Bonus. (a) Payment of your Retention Bonus will be subject to the consummation of the Merger, and the other terms and conditions set forth in this Retention Agreement, as well as to all applicable payroll withholdings and deductions. (b) Subject to the foregoing, you will receive the sum of $890,000 500,000 of your Retention Bonus in the first regular payroll of Oracle, its subsidiary or affiliated company at Oracle’s option, after the first year anniversary of the date of the Appointment Time (the “Vesting Date”) subject to your Continued Employment Relationship through the Vesting Date. (c) You must be employed by Oracle or one of its subsidiaries or affiliates, as designated by Oracle, on the Vesting Date to earn and receive your Retention Bonus. If your Employment Relationship is terminated for any reason prior to the Vesting Date, you will not earn and will not be entitled to receive your Retention Bonus. In no circumstances could you or will you qualify for the benefits of this agreement if you qualify for the benefits of your severance agreement signed with Portal shortly before the Merger. Xxxxx XxxxxxXxxx Xxxxxxx

Payment of Bonus. (a) Payment of your Retention Bonus will be subject to the consummation of the Merger, and the other terms and conditions set forth in this Retention Agreement, as well as to all applicable payroll withholdings and deductions. (b) Subject to the foregoing, you will receive the sum of $890,000 640,000 of your Retention Bonus in the first regular payroll of Oracle, its subsidiary or affiliated company at Oracle’s option, after the first year anniversary of the date of the Appointment Time (the “Vesting Date”) subject to your Continued Employment Relationship through the Vesting Date. (c) You must be employed by Oracle or one of its subsidiaries or affiliates, as designated by Oracle, on the Vesting Date to earn and receive your Retention Bonus. If your Employment Relationship is terminated for any reason prior to the Vesting Date, you will not earn and will not be entitled to receive your Retention Bonus. In no circumstances could you or will you qualify for the benefits of this agreement if you qualify for the benefits of your severance agreement signed with Portal shortly before the Merger. Xxxxx XxxxxxXxxxxxx Xxxxx