Retention Bonus Payments. In lieu of the Recital A Benefits that may become due to Employee, the Company shall pay and Employee agrees to accept the following sums:
(a) The Company will pay Employee the sum of $100,000, less applicable withholding taxes. This payment will be made on the latter of the Effective Date or the date the first payment of all or a portion of the April 6, 2001 scheduled payment is made to employees of the Company generally, pursuant to the Retention Incentive Plan adopted in May 2000, as amended.
(b) On adoption of a plan of reorganization by the Company and approved by the court and creditors, the Company will pay Employee the sum of $50,000, less applicable withholding taxes, provided Employee remains an employee in good standing.
(c) The Company will pay Employee the sum of $50,000, less applicable withholding taxes, on the first business day of January 2002, provided Employee remains an employee in good standing. Any unpaid amounts pursuant to Sections 4 (a), (b) and (c) shall be paid on the severance date if Employee is involuntarily terminated other than for cause before those respective dates.
Retention Bonus Payments. (a) On the first regularly scheduled payroll day following December 31, 2022, Acquiror shall pay, or shall cause to be paid, to the individuals set forth on Schedule 7.6, through the payroll system of the Company, in the amounts set forth on the Estimated Closing Statement; provided, however, that if any such individuals are no longer employed by the Company, Acquiror, or any of their Affiliates as of such payment date, the amounts allocated to any such individuals on Schedule 7.6 shall be reallocated to the other individuals on Schedule 7.6 that are still employed by the Company, Acquiror or any of its Affiliates on such payment date (with such reallocation to be mutually agreed by the Seller Representative and Acquiror, which agreement shall not be unreasonably conditioned, delayed or withheld).
(b) On the first regularly scheduled payroll day following December 31, 2023, Acquiror shall pay, or shall cause to be paid, to the individuals set forth on Schedule 7.6, through the payroll system of the Company, in the amounts set forth on the Estimated Closing Statement; provided, however, that if any such individuals are no longer employed by the Company, Acquiror, or any of their Affiliates as of such payment date, the amounts allocated to any such individuals on Schedule 7.6 shall be reallocated to the other individuals on Schedule 7.6 that are still employed by the Company, Acquiror or any of its Affiliates on such payment date (with such reallocation to be mutually agreed by the Seller Representative and Acquiror, which agreement shall not be unreasonably conditioned, delayed or withheld).
(c) Payroll taxes on the payments made pursuant to this Section 7.6 shall be borne by the Acquiror.
Retention Bonus Payments. CenterState shall pay to the individuals set forth on HCBF Disclosure Schedule Section 5.24 (each a “Retention Bonus Recipient”) the cash retention bonus payments set forth on HCBF Disclosure Schedule Section 5.24, subject to required tax withholdings (the “CenterState Retention Bonus”). The CenterState Retention Bonus shall be payable through CenterState’s payroll system in a single lump sum (a) in the case of employees, on the earlier of (i) the ninetieth (90th) day following the Closing, but only if the Retention Bonus Recipient continues to be employed by CenterState or its Subsidiaries on such date or (ii) the date on which the Retention Bonus Recipient’s employment with CenterState or its Subsidiaries is terminated by CenterState or such Subsidiary without “cause,” by the Retention Bonus Recipient for “good reason” or on account of the Retention Bonus Recipient’s death or “disability” (as such terms are defined in the agreement memorializing the CenterState Retention Bonus, which shall be in a form reasonably acceptable to each of HCBF and CenterState), but only if such termination occurs following the Closing, or (b) in the case of non-employee directors, at the Closing.
Retention Bonus Payments. Subject to the conditions set forth below:
(a) if you remain an employee of the Company in good standing through June 1, 2014, you shall be entitled to receive a lump-sum cash payment during the following regular pay period equal to $80,310 (such cash payment, the “2014 Mid-Year Retention Bonus”).
(b) if you remain an employee of the Company in good standing through October 1, 2014, you shall be entitled to receive an additional lump-sum cash payment during the following regular pay period equal to $80,310 (such cash payment, the “2014 Year-End Retention Bonus”).
(c) if you remain an employee of the Company in good standing through June 1, 2015, you shall be entitled to receive an additional lump-sum cash payment during the following regular pay period equal to 20% of your base salary in effect on June 30, 2015 (such cash payment, the “2015 Retention Bonus”).
Retention Bonus Payments. Chiron shall promptly pay when due all payments to employees of the Company and its Subsidiaries under the Chiron Retention Plan, Chiron Transaction Team Program and the Executive Amendment to the Company's Global Severance Program described in Schedule 4.16; provided that in the case of the Executive Amendment to the Company's Global Severance Program, Chiron's responsibility shall be limited to the amount by which the payments required under such Executive Amendment exceed the amounts that would have been required had the Company's Global Severance Program not been so amended.
Retention Bonus Payments. 64 (k) Notification re: Book Value Test................................................... 64 5.4 Closing..................................................................................... 64 (a) Closing Date....................................................................... 64 (b)
Retention Bonus Payments. Subject to the WABC disclosure letter, ValliCorp shall not make retention bonus payments without WABC's consent (which shall not be unreasonably withheld). To that end, the parties shall cooperate in all reasonable respects to, by mutual agreement, identify those persons who shall receive retention bonus payments. Such retention bonus payments shall be payable to those persons identified pursuant to the foregoing sentence in accordance with the terms of retention agreements, which agreements shall be in a form reasonably acceptable to WABC.
Retention Bonus Payments. Within five (5) business days after the Closing, the Surviving Corporation shall deliver to each Retention Bonus recipient set forth on the Payment Schedule through the Company’s payroll system the Retention Bonus payment set forth opposite such person’s name on the Payment Schedule, subject to required Tax withholdings.
Retention Bonus Payments. Prior to the Effective Time, Peach Group, Orchard, Peach Inc. and Peach LLC shall, subject to and in accordance with the terms of such agreements, make the retention bonus payments arising under those contracts listed on Schedule 5.19 of the Peach Disclosure Schedules (the “Peach Retention Agreements”) in connection with the transactions contemplated by this Agreement to the extent such payments are required to be paid upon Closing. To the extent any such retention bonus payments arising under the Peach Retention Agreements are required to be made by any Peach Entity at any time after the Closing Date, JGW shall cause any such Peach Entity to make such payments when due.
Retention Bonus Payments. The Employer shall pay to Employee a retention bonus in the amounts and under the circumstances described below:
i. In the event the Employee is an active employee of the Employer on the second anniversary of the Spin-Off Date (the “Second Anniversary Date”), the Employer will pay to the Employee a lump sum cash payment equal to one-half of the sum of (A) his base salary (excluding perquisite allowance), plus (B) his target annual incentive compensation award plus (C) the cash equivalent of his target award under the Hxxxxxxx Beach/Pxxxxxx-Silex, Inc. Long-Term Incentive Compensation Plan (the “HB/PS Long-Term Plan”), all as in effect for the portion of the 2007 calendar year following the Spin-Off Date, determined on an annualized basis.
ii. In the event the Employee terminates employment with the Employer at any time at or after the Second Anniversary Date for any reason other than involuntary termination for Cause (including, without limitation, termination on account of resignation, retirement, death or Disability), the Employer shall also pay to the Employee (or his estate in the event of his death):
1. A lump sum cash payment equal to one-half of the sum of (A) his base salary (excluding perquisite allowance), plus (B) the cash equivalent of his target annual incentive compensation award plus (C) his target award under the HB/PS Long-Term Plan, all as in effect for the portion of the 2007 calendar year following the Spin-Off Date, determined on an annualized basis.
2. A lump sum cash payment equal to the projected cost of COBRA continuation coverage under the Company’s medical and dental plan for a period of twelve months, determined on the basis of the level of coverage that the Employee has in place on the date of the Employee’s termination of employment.
iii. In the event the Employee’s employment is terminated on or after the Spin-Off Date but before the Second Anniversary Date (A) on account of death or Disability, (B) involuntarily by the Company following a Change in Control for reasons other than Cause or (C) on account of the Employee’s voluntary retirement following a Change in Control, the Employer shall pay to the Employee (or his estate in the event of his death) the following amounts in lieu of the payments described in Sections 3(a)(i) and 3(a)(ii):
1. A lump sum cash payment equal to the sum of (1) the Employee’s base salary (excluding perquisite allowance), plus (2) the Employee’s target annual incentive compensation award, plus (3) ...
