Common use of Retention Bonus Clause in Contracts

Retention Bonus. If, and only if, the Executive remains employed by the Company through July 1, 2005, the Company shall pay the Executive on July 1, 2005, a lump sum payment (the “Retention Bonus”) in the gross amount of US$120,000; provided, however, that in case any of the following events occurs prior to July 1, 2005, the Company will pay the Executive or his estate the Retention Bonus on the date of the occurrence of the applicable event: (a) the Company provides a Notice of Termination (as defined in Section 3.3) with respect to a termination of Executive’s employment without Cause or as a result of the Executive’s Disability; (b) the Executive provides a legitimate Notice of Termination with respect to the termination of his employment for Good Reason; or (c) upon death of the Executive according to the terms and conditions set forth in Section 3.2(a).

Appears in 2 contracts

Samples: Executive Retention Agreement, Executive Retention Agreement (America Online Latin America Inc)

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Retention Bonus. If, and only if, the Executive remains employed by the Company through July 1, 2005, the Company shall pay the Executive on July 1, 2005, a lump sum payment (the “Retention Bonus”) in the gross amount of US$120,000; 200,000.00 provided, however, that in case the event any of the following events occurs prior to July 1, 2005, the Company company will pay the Executive or his estate the Retention Bonus on the date of the occurrence of the applicable event: (a) the Company provides a Notice of Termination (as defined in Section 3.3) with respect to a notifies the Executive the termination of Executive’s employment without Cause or as a result of the Executive’s Disability; (b) the Executive provides a legitimate Notice of Termination with respect to the termination of his employment for Good Reason; or (c) upon death of the Executive according to the terms and conditions set forth in Section 3.2(a)dies.

Appears in 2 contracts

Samples: Executive Retention Agreement, Executive Retention Agreement (America Online Latin America Inc)

Retention Bonus. If, and only if, the Executive remains employed by the Company through July 1, 2005, the Company shall pay the Executive on July 1, 2005, a lump sum payment (the "Retention Bonus") in the gross amount of US$120,000140,000; provided, however, that in case the event any of the following events occurs prior to July 1, 2005, the Company will pay the Executive or his estate the Retention Bonus on the date of the occurrence of the applicable event: (a) the Company provides a Notice of Termination (as defined in Section 3.3) with respect to a termination of Executive’s 's employment without Cause or as a result of the Executive’s 's Disability; (b) the Executive provides a legitimate Notice of Termination with respect to the termination of his employment for Good Reason; or (c) upon death of the Executive according to the terms and conditions set forth in Section 3.2(a)dies.

Appears in 1 contract

Samples: Executive Retention Agreement (America Online Latin America Inc)

Retention Bonus. If, and only if, the Executive remains employed by the Company through July 1, 2005, the Company shall pay the Executive on July 1, 2005, a lump sum payment (the “Retention Bonus”) in the gross amount of US$120,000159,000; provided, however, that in case the event any of the following events occurs prior to July 1, 2005, the Company will pay the Executive or his estate the Retention Bonus on the date of the occurrence of the applicable event: (a) the Company provides a Notice of Termination (as defined in Section 3.3) with respect to a termination of Executive’s employment without Cause or as a result of the Executive’s Disability; (b) the Executive provides a legitimate Notice of Termination with respect to the termination of his employment for Good Reason; or (c) upon death of the Executive according to the terms and conditions set forth in Section 3.2(a)dies.

Appears in 1 contract

Samples: Executive Retention Agreement (America Online Latin America Inc)

Retention Bonus. If, and only if, the Executive remains employed by the Company through July 1, 2005, the Company shall pay the Executive on July 1, 2005, a lump sum payment (the “Retention Bonus”) in the gross amount of US$120,000230,550; provided, however, that in case the event any of the following events occurs prior to July 1, 2005, the Company will pay the Executive or his estate the Retention Bonus on the date of the occurrence of the applicable event: (a) the Company provides a Notice of Termination (as defined in Section 3.3) with respect to a termination of Executive’s employment without Cause or as a result of the Executive’s Disability; (b) the Executive provides a legitimate Notice of Termination with respect to the termination of his employment for Good Reason; or (c) upon death of the Executive according to the terms and conditions set forth in Section 3.2(a)dies.

Appears in 1 contract

Samples: Executive Retention Agreement (America Online Latin America Inc)

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Retention Bonus. If, and only if, the Executive remains employed by the Company through July 1, 2005, the Company shall pay the Executive on July 1, 2005, a lump sum payment (the "Retention Bonus") in the gross amount of US$120,000; provided, however, that in case the event any of the following events occurs prior to July 1, 2005, the Company will pay the Executive or his estate the Retention Bonus on the date of the occurrence of the applicable event: (a) the Company provides a Notice of Termination (as defined in Section 3.3) with respect to a termination of Executive’s 's employment without Cause or as a result of the Executive’s 's Disability; (b) the Executive provides a legitimate Notice of Termination with respect to the termination of his employment for Good Reason; or (c) upon death of the Executive according to the terms and conditions set forth in Section 3.2(a)dies.

Appears in 1 contract

Samples: Executive Retention Agreement (America Online Latin America Inc)

Retention Bonus. If, and only if, the Executive remains employed by the Company through July 1, 2005, the Company shall pay the Executive on July 1, 2005, a lump sum payment (the "Retention Bonus") in the gross amount of US$120,000100,000; provided, however, that in case the event any of the following events occurs prior to July 1, 2005, the Company will pay the Executive or his estate the Retention Bonus on the date of the occurrence of the applicable event: (a) the Company provides a Notice of Termination (as defined in Section 3.3) with respect to a termination of Executive’s 's employment without Cause or as a result of the Executive’s 's Disability; (b) the Executive provides a legitimate Notice of Termination with respect to the termination of his employment for Good Reason; or (c) upon death of the Executive according to the terms and conditions set forth in Section 3.2(a)dies.

Appears in 1 contract

Samples: Executive Retention Agreement (America Online Latin America Inc)

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