Retention Agreement Sample Clauses

Retention Agreement. Executive shall be eligible to receive a bonus pursuant to the terms of the Retention Letter Agreement entered into between Executive and the Company as of the Effective Date (the “Retention Agreement”) attached hereto as Exhibit C.

Retention Agreement. Executive hereby agrees and acknowledges that Sections 6, 8 and 9 of the Retention Agreement are of a continuing nature and expressly survive the expiration, termination or cancellation of the Retention Agreement and such obligations of Executive shall not be released pursuant to this Release. Except as set forth in the immediately preceding sentence, Executive and the Company acknowledge and agree that the Retention Agreement is terminated.

Retention Agreement. Second Installment. A lump sum Payment of One Hundred ------------------ Twenty Five Thousand Dollars ($125,000) shall be paid to Executive within 10 days following the Retention Date, subject to the repayment conditions and obligations in Section 4.1.3.

Retention Agreement. In consideration for Executive’s continued service to the Company, the Company or one of its affiliates shall, no later than 60 days following the Effective Date, provide Executive with a separate retention agreement (the “Retention Agreement”).

Retention Agreement. Premier Financial shall have negotiated and executed a mutually agreed upon retention agreement with ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ as of the Effective Date with the consent of Peoples.

Retention Agreement. The Retention Escrow Amount is being placed into escrow in relation to the Retention Agreements with the Company employees listed in Schedule 5.12 (the "Retention Agreements."). To the extent any employee listed on Schedule 5.12 earns the last retention bonus installment under a Retention Agreement, such amounts will be released from the Retention Escrow Amount to Buyer. To the extent any employee listed on Schedule 5.12 does not earn the last retention bonus installment under a Retention Agreement, such amounts will be released from the Retention Escrow Amount to the LKB Trust. Upon release of any of the Retention Escrow Amount to Buyer in accordance with the Escrow Agreement, Buyer will, in accordance with its standard processes unless it determines otherwise, pay the amount of such Retention Escrow Amount owed to each employee under his or her applicable Retention Agreement, net of applicable withholding taxes.

Retention Agreement. (a) The Executive agrees to remain a full-time employee of the Company in his current position of Executive Vice President, Secretary and General Counsel throughout the “Retention Period,” which shall begin on the Effective Date of this Agreement and end on the earliest of: (i) The date of involuntary termination of Executive’s employment by the Company other than for “Cause,” as that term is defined in Section 2(e) below, (ii) The separation from service by the Executive for “Good Reason” as that term is defined in Section 2(f) below, or (iii) January 31, 2013, at which time the Executive shall resign as an officer and employee of the Company and each of its subsidiaries and affiliated companies and as a director of each subsidiary of the Company and each of its affiliated companies on whose Board of Directors he then serves, and Executive shall then be deemed a retired employee of the Company. (b) The Company retains the right to terminate the employment of the Executive with or without Cause. (c) If the Executive remains a full-time employee throughout the Retention Period, executes the Waiver and Release as provided in Section 4, and has complied with the Section 7 Confidentiality and Restrictive Period provisions and Section 10 Ongoing Cooperation provisions to date, the Executive shall be entitled at the end of the Retention Period to the payment set forth in Section 3(a) of this Agreement in accordance with any terms and conditions set forth in Section 3. (d) If, prior to the end of the Retention Period, the Executive’s employment terminates for any reason other than the reasons set forth under Sections 2(a)(i) through (iii) above, he shall not be entitled to the payment set forth in Section 3(a) of this Agreement. (e) For purposes of this Agreement, “Cause” shall mean any of the following conduct by the Executive:

Retention Agreement. Executive and the Company agree that the Retention Agreement is hereby terminated and of no further effect as of this date and neither Executive nor the Company shall have any further rights or obligations thereunder.

Retention Agreement. The Company and the Participant are party to an Executive Retention Agreement, dated as of , 20 (the “Retention Agreement”). The Participant acknowledges that the provisions of this option agreement are intended to be consistent with the Retention Agreement and in no event shall the vesting provisions set forth in the Retention Agreement increase the vesting benefits set forth in this option agreement, or vice versa.