Common use of Retention Award Clause in Contracts

Retention Award. In addition to the Base Salary, Annual Bonus, and Restricted Stock Units, the Executive shall be eligible to receive a retention award (the “Retention Award”) of $300,000, which will be payable within fifteen (15) days of December 15, 2019, subject to the Executive’s continued employment with the Company on December 15, 2019, except as otherwise provided in Section 6.

Appears in 2 contracts

Samples: Employment Agreement (Citizens Inc), Employment Agreement (Citizens Inc)

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Retention Award. In addition to the Base Salary, Salary and Annual Bonus, and Restricted Stock Units, the Executive shall be eligible to receive a retention award (the “Retention Award”) of $300,000600,000, which will be payable in two installments of $300,000 each, on or within fifteen (15) days of December 15, 2018 and December 15, 2019, subject to the Executive’s continued employment with the Company on December 15, 2019each applicable payment date, except as otherwise provided in Section 6.

Appears in 2 contracts

Samples: Employment Agreement (Citizens Inc), Employment Agreement (Citizens Inc)

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Retention Award. In addition to the Base Salary, Salary and Annual Bonus, and Restricted Stock Units, the Executive shall be eligible to receive a retention award (the “Retention Award”) of $300,000400,000, which will be payable in two installments of $200,000 each, on or within fifteen (15) days of December 15, 2018 and December 15, 2019, subject to the Executive’s continued employment with the Company on December 15, 2019each applicable payment date, except as otherwise provided in Section 6.

Appears in 1 contract

Samples: Employment Agreement (Citizens Inc)

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