Payment of Salary and Bonus. The Employee's base salary under subparagraph (a) of this Paragraph 4 shall be payable in substantially equal installments in accordance with the Company's existing payroll practices for its executives. Any annual bonus payable under subparagraph (b) of this Paragraph 4 shall be paid to the Employee within 60 days following the end of the fiscal year with respect to which such bonus relates.
Payment of Salary and Bonus. The Employee's salary under Section 4 (a) above shall be payable in regular and substantially equal installments in accordance with Stealth's normal schedule for the payment of executive salaries. Any bonus payable under Section 4(b) above shall be paid to the Employee on the same date as the date upon which the Earnout Amount in respect of the period for which the bonus is determined shall be paid to the Sellers under the Earnout Agreement (or in the case of the acceleration of the payment of the maximum Performance Earnout(s) pursuant to Section 3 of the Earnout Agreement, by the earlier to occur of (a) the expiration of 15 days after the date of filing with the Securities and Exchange Commission of the Buyer's Annual Report on Form 10-KSB with respect to the relevant period, and (b) the expiration of 100 days after March 31, 2006 or March 31, 2007, as the case may be)(such date, as so determined, the "Bonus Payment Date").
Payment of Salary and Bonus. The Employee’s salary under Section 4 (a) above shall be payable in regular and substantially equal installments in accordance with Stealth’s normal schedule for the payment of executive salaries. Any bonus payable under Section 4(b) above shall be paid to the Employee within fifteen (15) days after the determination of the Actual Pre-Tax Income of Stealth and the resulting annual bonus, if any, payable to the Employee for the applicable Bonus Period shall become final, binding and conclusive on the parties as provided in Section 4(b)(ii) above, but in no event shall such bonus be paid later than December 31, of the calendar year in which the last day of the applicable Bonus Period shall fall.
Payment of Salary and Bonus for the Period prior to delivery of a Notice of Intent: The Company shall pay the affected executive's base salary in accordance with the Company's normal payroll practices through the end of the month during which a notice of intent is delivered hereunder. In addition, the Company shall pay the executive promptly after the end of the year in which such notice of intent is delivered a pro rata portion of the annual bonus that the executive would have received had he or she continued to perform duties for the entire year, pro rated through the end of the month in which a notice of intent is delivered hereunder.
Payment of Salary and Bonus. For a period of twelve (12) months following the date of the Executive’s termination, the Executive shall continue to receive the installments of base salary set forth in Section 2.1 (subject to any modification in base salary) payable when and as if the Executive had continued to be employed by the Company, provided, however, that if such termination is within twelve (12) months after a Change of Control, then the Executive shall receive (i) eighteen (18) months of base salary and (ii) the Executive’s then applicable target bonus payable over eighteen (18) months (a total of 1.5x the annual target bonus payable at the time of termination), each in installments over eighteen (18) months.
Payment of Salary and Bonus. The Employee's base salary under subparagraph (a) of this Paragraph 4 shall be payable in substantially equal installments in accordance with the Company's existing payroll practices for its executives. Any bonus payable under subparagraph (b) of this Paragraph 4 shall be paid to the Employee within 60 days following the end of the fiscal year with respect to which such bonus relates. Any stock option grants payable under subparagraph (c) of this Paragraph 4 shall be made in a manner consistent with the manner and time any options are issued to the CP Clare Executive Management Team. Any Performance Option grants under subparagraph (d) of this Paragraph 4 shall be made within 90 days following the end of each applicable fiscal year to which each option relates.
Payment of Salary and Bonus to the Executive shall be made either by the Company or by a Group Company, and if by more than one company, in such proportions as the Board may from time to time think fit.
Payment of Salary and Bonus. The Company agrees to pay Employee the lump sum equivalent of one year of Employee’s base salary for a total of Two Hundred and Ten Thousand Dollars ($210,000), less applicable withholding, in accordance with the Company’s regular payroll practices. This payment shall be made to Employee within ten (10) business days following the Effective Date of this Agreement. On the same date, the Company also shall pay Employee the last One Hundred and Eighty Thousand Dollar ($180,000) installment of his retention bonus, less applicable withholding, pursuant to the Compensation Agreement.
