Retention Benefits. As an incentive to continue in the employ of the Companies after the Merger and to provide PROASSURANCE and EASTERN knowledge and experience in the business of worker’s compensation insurance and in consideration for the termination of the Executive Agreement, Executive shall be eligible for the following retention incentive payments (the “Retention Payments”).
Appears in 5 contracts
Samples: Retention and Severance Compensation Agreement (Proassurance Corp), Retention and Severance Compensation Agreement (Eastern Insurance Holdings, Inc.), Retention and Severance Compensation Agreement (Eastern Insurance Holdings, Inc.)
Retention Benefits. As an incentive to continue in the employ of the Companies after the Merger and to provide PROASSURANCE and EASTERN knowledge and experience in the business of worker’s compensation insurance and in consideration for the termination of the Executive Agreement, Executive shall be eligible for the following retention incentive payments (the “Retention Payments”).. Subject to the vesting requirements set forth herein, PROASSURANCE shall cause EASTERN to pay the Executive the following cash payments as herein provided:
Appears in 2 contracts
Samples: Retention and Severance Compensation Agreement (Eastern Insurance Holdings, Inc.), Retention and Severance Compensation Agreement (Eastern Insurance Holdings, Inc.)
Retention Benefits. As an incentive to continue in the employ of the Companies after the Merger and to provide PROASSURANCE and EASTERN knowledge and experience in the business of worker’s compensation insurance Transaction and in consideration for the termination of the Executive Agreement, Executive shall be eligible for the following retention incentive payments (the “Retention Payments”)payments.
Appears in 1 contract
Samples: Retention and Severance Compensation Agreement (Proassurance Corp)
