Common use of Premium Incentive Clause in Contracts

Premium Incentive. If a Sale of the Company is consummated (but not a Spin-Off), Executive shall be entitled to a bonus (the "Premium Incentive Bonus") in an amount ranging from $0 to $150,000 based on the price obtained for such Sale of the Company and Executive's contribution to the process of consummating such Sale of the Company, as determined by Xxxxx X. Xxxxx and Xxxxxx X. Xxxxxx in their sole discretion. Any Premium Incentive Bonus shall be payable 30 days after the Final Transaction Date; provided, however, that (i) the Premium Incentive Bonus shall not be payable if, prior to the Final Transaction Date, Executive's employment with the Company is voluntarily terminated without Good Reason or is involuntarily terminated for Cause and (ii) the Premium Incentive Bonus shall be payable if Executive is voluntarily terminated with Good Reason or involuntarily terminated not for Cause prior to the Final Transaction Date.

Premium Incentive. If a Sale of the Company is consummated (but not a Spin-Off), Executive shall be entitled to a bonus (the "Premium Incentive Bonus") in an amount ranging from $0 to $150,000 250,000 based on the price obtained for such Sale of the Company and Executive's contribution to the process of consummating such Sale of the Company, as determined by Xxxxxx X. Xxxx and Xxxxx X. Xxxxx and Xxxxxx X. Xxxxxx in their sole discretion. Any Premium Incentive Bonus shall be payable 30 days after the Final Transaction Date; provided, however, that (i) the Premium Incentive Bonus shall not be payable if, prior to the Final Transaction Date, Executive's employment with the Company is voluntarily terminated without Good Reason or is involuntarily terminated for Cause and (ii) the Premium Incentive Bonus shall be payable if Executive is voluntarily terminated with Good Reason or involuntarily terminated not for Cause prior to the Final Transaction Date.

Premium Incentive. If a Sale of the Company is consummated (but not a Spin-Off), Executive shall be entitled to a bonus (the "Premium Incentive Bonus") in an amount ranging from $0 to $150,000 based on the price obtained for such Sale of the Company and Executive's contribution to the process of consummating such Sale of the Company, as determined by Xxxxx X. Xxxxx and Xxxxxx X. Xxxxxx in their sole discretion. Any Premium Incentive Bonus shall be payable 30 days after the Final Transaction Date; provided, however, that (i) the Premium Incentive incentive Bonus shall not be payable if, prior to the Final Transaction Date, Executive's employment with the Company is voluntarily terminated without Good Reason or is involuntarily terminated for Cause and (ii) the Premium Incentive Bonus shall be payable if Executive is voluntarily terminated with Good Reason or involuntarily terminated not for Cause prior to the Final Transaction Date.