Payment of Retention Bonuses. Provided that a person listed on Section 6.22 of the Company Disclosure Schedule (i) remains an employee of the Company or the Company’s Bank from the date hereof through the date after the Effective Time when that person’s job function has been converted or transitioned and (ii) does not accept employment with Parent, Parent’s Bank or another Subsidiary of Parent for any period subsequent to the Effective Time, Parent shall pay to such person the bonus compensation provided for such employee in Section 6.22 of the Company Disclosure Schedule.
Payment of Retention Bonuses. No later than the last Business Day of April 2016, Buyer shall pay a retention payment to each Transferred Employee who has remained employed by Buyer through March 31, 2016, in the amounts specified on Schedule 9.2. In the event that a Transferred Employee does not remain employed by Buyer through March 31, 2016 (each such Transferred Employee, a “Departed Employee”), he/she shall not be eligible to receive a retention bonus in any sum whatsoever and the portion of the XOMA Bonus Payment attributable to the Departed Employees shall be paid by Buyer to Seller no later than the last Business Day of April 2016. Seller shall at all times remain solely responsible for the payment of any bonuses earned by its employees pursuant to the terms of any Seller bonus plan.
Payment of Retention Bonuses. From and after the Closing, Purchaser shall cause the Company to pay out of the Bonus Pool Consideration through the Company’s payroll system the retention bonuses set forth in Section 6.05 of the Disclosure Schedules in each case, in the amount and otherwise in accordance with the terms of Section 6.05 of the Disclosure Schedules.
Payment of Retention Bonuses. Provided that each proposed recipient remains an employee of the Company or the Company Bank from the date hereof through the later of (a) the Effective Time or (b) a date, chosen by Parent, not to exceed the earlier of thirty days after completion of data processing conversion or six months after the Effective Time (the “Eligibility Date”) (provided that such recipient shall remain eligible if his or her employment is terminated prior thereto without cause), the Company shall pay to each individual employee listed on Section 6.20 of the Company Disclosure Schedule hereof the bonus compensation provided for such employee on such schedule on the earlier of (i) termination of such employee’s employment by Company Bank or (ii) the Eligibility Date.
Payment of Retention Bonuses. Subject to Employee’s satisfaction of the requirements of Section 1 above, the applicable Retention Bonus shall be paid to Employee in a single lump sum amount in cash, net of applicable withholding, within fifteen (15) days following June 30, 2016, September 30, 2016 or December 31, 2016, as applicable.
Payment of Retention Bonuses. 46 8.24 Change of Seller's Name .................................................. 46 8.25 No Prohibition or Illegality ............................................. 46 8.26 Conduct of Business Following Closing .................................... 46
Payment of Retention Bonuses. On the second anniversary of the Closing Date, Parent or Buyer agrees to pay each of the Designated Employees listed on Schedule 8.23 hereto the bonus amount listed opposite such Designated Employee's name on Schedule 8.23 (collectively, the "Retention Bonuses"); provided, however, that no such Designated Employee shall be entitled to payment of such bonus if the Designated Employee has not been employed by Parent or Buyer (or any of their affiliates) continuously during the period beginning on the Closing Date and ending on the second anniversary of the Closing Date; provided further, that the employment by Parent or Buyer of each of the Designated Employees shall be "at-will" and each of the Designated Employees may be terminated by Parent or Buyer at any time, with or without cause or notice, and nothing in this Section 8.23 or elsewhere in this Agreement (or any other agreement or document delivered in connection herewith) shall give rise to or in any way serve as the basis for the modification, amendment, or extension, by implication or otherwise, of such Designated Employee's employment with Parent or Buyer.
Payment of Retention Bonuses. At the Effective Time, and provided that each proposed recipient (i) remains an employee of the Company or the Company Bank from the date hereof through the date after the Effective Time when that person’s job function has been converted or transitioned and (ii) does not accept employment with Parent for employment thereafter, the Company Bank or another Subsidiary of Parent for any period subsequent to the Effective Time, the Company shall pay to each individual employee listed on Section 6.23 of the Company Disclosure Schedule hereof the bonus compensation provided for such employee on such schedule.
Payment of Retention Bonuses. Provided that a person listed on Section 6.27 of the NJCB Disclosure Schedule (i) remains an employee of NJCB from the date hereof through the date after the Effective Time when that person’s job function has been converted or transitioned and (ii) does not accept employment with 1st Constitution, the Bank or another Subsidiary of 1st Constitution for any period subsequent to the Effective Time, 1st Constitution shall pay to such person the bonus compensation provided for such employee in Section 6.27 of the NJCB Disclosure Schedule.
Payment of Retention Bonuses. Xxxxx shall deliver to Wellspring, as part of the advance by Xxxxx required for the month of April, 1999, under Section 5.4 of the Retained Client Services and Protection Agreement for expenses to be incurred by Wellspring during the month of April, 1999, readily available funds in an amount equal to fifty percent (50%) of 66 and 2/3 percent (66.667%) of the total amount of the retention bonuses to be paid in April, 1999 to the then employees of Wellspring (other than the Retained Client Employees) who were employees of Wellspring as of the Effective Closing Time. 7.8
