Payment of Retention Bonus. Any portion of the Retention Bonus which becomes payable in accordance with this Section 3.1 shall be paid to the Employee in a lump sum not later than 30 days following the applicable Vesting Date. The payments under this Agreement are intended to meet the requirements of the short-term deferral exemption under Section 409A of the Code.
Appears in 5 contracts
Samples: Retention Bonus Agreement (Nobel Learning Communities Inc), Retention Bonus Agreement (Nobel Learning Communities Inc), Retention Bonus Agreement (Nobel Learning Communities Inc)
