Retention Bonus Payment. Provided the Executive is employed by the Company on the Retention Payment Date (as defined below), the Company shall pay to the Executive an amount equal to Nine Hundred Fifty Thousand Dollars $950,000. Said amount shall be paid in one lump sum payment no later than 31 days following the Retention Payment Date. The Company shall also pay to the Executive all reasonable legal and arbitration fees and expenses incurred by the Executive in obtaining or enforcing any right or benefit provided by this Agreement, except in cases involving frivolous or bad faith litigation initiated by the Executive. “Retention Payment Date” shall mean the date that is 11 months following a Change in Control. Notwithstanding anything herein to the contrary, for purposes of this Plan, the Executive shall be deemed to be employed on the Retention Payment Date and therefore entitled to receive the bonus payment provided by this Section 4 in the event the Executive experiences a Terminating Event after a Change in Control or within six months before a Change in Control.
Retention Bonus Payment. If there is an Event prior to the Expiration Date, then upon the Payment Date, the Company shall pay to the Executive as compensation for services rendered to the Company cash in an amount equal to three (3) times his then-existing aggregate annual base salary, (excluding bonus or options) less customary payroll deductions; provided, however, the foregoing shall not apply if the Executive has quit without Good Reason or has been terminated by the Company with Cause prior to the Event's occurrence.
Retention Bonus Payment. In connection with your commencement of employment with the Corporation, you will be eligible to receive a retention bonus payment of $100,000 (the “Retention Bonus) The Retention Bonus will be payable twenty (24) months after the Effective Time of the Merger, subject to the conditions below. You will be entitled to the Retention Bonus payment only if you are employed by the Corporation on the date specified above for the payment; provided, however, if your employment is terminated by the Corporation other than for Cause (as defined below) or if your termination qualifies as a Resignation for Good Reason (as defined below) you will be entitled to receive the Retention Bonus at the end of the Corporation’s standard pay period that includes the date of such termination.
Retention Bonus Payment. (a) Subject to the provisions of Section 2, you are eligible to receive a one-time bonus (the "Retention Bonus") in an amount equal to the aggregate gross amount of cash payments which you receive from the SFC Companies for annual bonus payments covering the fiscal years 1999 and 2000. In no event shall any payments made to you (x) for base salary or (y) or under any other plan, agreement, award or bonus, other than the Annual Bonus Plan, be included in calculating the amount of the Retention Bonus.
(b) The entire amount of the Retention Bonus shall be paid on the earlier of (x) the date occurring ninety (90) days after a Change of Control of SFAC or the Company and (y) March 31, 2001.
Retention Bonus Payment. (a) Subject to the terms and conditions stated herein, the Company agrees that Executive will receive a Retention Bonus in the amount of Seven Hundred and Fifty Thousand Dollars and No Cents ($750,000.00) (the “Retention Bonus”). The Retention Bonus shall be paid in a single lump sum to Executive on the next regular Company payday following the Effective Date. The Retention Bonus payment is intended as an incentive for and in consideration of Executive continuing employment with the Company through the Retirement Date. The Company will withhold any and all applicable taxes from the Retention Bonus payment.
(b) For the avoidance of doubt, the Retention Bonus shall be in addition to any performance incentive bonus award to which Executive may be entitled under the Company’s Performance Incentive Plan for Fiscal Year 2012. If Executive’s Termination Date occurs after the end of the Company’s fiscal year 2012 and the Company achieves its performance targets for company-wide metrics, the Company shall pay Executive the total amount of the performance incentive bonus award earned by Executive prior to the Termination Date under the Company’s Performance Incentive Plan for Fiscal Year 2012. The final amount of the performance incentive bonus award will be based on the Company’s audited financial statements for Fiscal Year 2012 and is subject to the approval of the Compensation Committee of the Company’s Board of Directors. Subject to the foregoing, such performance incentive bonus award shall be paid to Executive at a time determined by the Company in the ordinary course of business but no later than seventy-five (75) days after the last day of Fiscal Year 2012.
Retention Bonus Payment. (a) Subject to the vesting conditions described in Section 7(b) below, the Company shall make a lump sum cash payment to Executive (the “Retention Bonus Payment”) in the amount of $400,000 (Four Hundred Thousand Dollars).
(b) The Retention Bonus Payment shall vest on the earliest to occur of the following: (i) the twelve (12) month anniversary of the Effective Date, subject to the Executive's continued employment through such date, (ii) the Date of Termination unless the Executive's employment is terminated by the Company for Cause or by the Executive without Good Reason (excluding by reason of death or Disability, such that solely for this purpose Good Reason shall include death or Disability), or (iii) the occurrence of a Change in Control (the “Vesting Date”). The Retention Bonus Payment shall be paid to the Executive upon the Date of Termination, provided that Executive's termination of employment constitutes a “separation from service” within the meaning of Section 1.409A-1(h) of the Department of Treasury Regulations. Notwithstanding anything herein to the contrary, if the Executive's employment terminates other than by death, the Retention Bonus Payment shall not be paid unless, on or prior to the thirtieth (30th) day following the Date of Termination, the Executive timely executes a general waiver and release of claims agreement in the form attached hereto as Exhibit C (which release shall be delivered by the Company to the Executive within seven (7) days after the Date of Termination), and such release shall not have been revoked by the Executive prior to the expiration of the period (if any) during which any portion of such release is revocable under applicable law.
(c) In the event that the Executive violates any covenant contained in Section 8 prior to payment to the Executive of the Retention Bonus Payment, the Executive shall forfeit his right to receive the Retention Bonus Payment. In the event that the Executive violates any covenant contained in Section 8 after payment to the Executive of the Deferred Cash Payment, the Executive shall repay to the Company the full amount of the Retention Bonus Payment within sixty (60) days of the first date on which the Executive violates any such covenant.
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Retention Bonus Payment. 4.1 An Eligible Employee shall receive, in accordance with the terms of this Agreement, a lump sum Retention Bonus for each Retention Period with respect to which such Eligible Employee is eligible in an amount and on a date determined in accordance with the following tables: [c. 6/2019] / / to 12/31/2019 or such earlier date as determined by BHD in its sole discretion. 5% of earnings during the 2019 Retention Period March 2020 1/1/2020 to 12/31/2020 or such earlier date as determined by BHD in its sole discretion. 15% of earnings during the 2020 Retention Period March 2021 [c. 6/2019 / / to 12/31/2019 or such earlier date as determined by BHD in its sole discretion. 10% of earnings during the 2019 Retention Period March 2020 1/1/2020 to 12/31/2020 or such earlier date as determined by BHD in its sole discretion. 20% of earnings during the 2020 Retention Period March 2021
4.2 Earnings to be included in the calculations set forth in the table in subsection 4.1 above are as follows:
a. FLSA Non-Exempt Employees: Earnings include payment for all hours worked and paid time off taken during the applicable Retention Period; and
Retention Bonus Payment. A lump sum payment equal to Eighty-One Thousand Dollars ($81,000), less withholding for taxes and other authorized or mandatory withholdings, which would be paid within 10 days following the Effective Date.
Retention Bonus Payment. A one-time, lump-sum cash payment of one million, seven hundred and fifty thousand dollars ($1,750,000) which, under Section 5 of the Employment Agreement, is not forfeited upon a termination for Good Reason. Such payment shall be made within ten (10) business days after the expiration of the Revocation Period.
