Retention Compensation. The Company shall pay Executive an annual retention bonus, payable on December 31st of each calendar year during the Term, equal to 35% of the annualized Base Salary (collectively, the “Retention Bonus”), provided, however, for the avoidance of doubt, Executive shall have no right to receive any portion of a Retention Bonus unless Executive is employed by the Company on December 31st of the applicable calendar year.
Retention Compensation. The Company shall pay Employee an annual retention bonus, payable on December 31st of each calendar year during the Term, equal to 75% of the annualized Base Salary grossed up for federal, state, and local income and employment taxes (assuming the highest marginal tax rate), so that Employee shall receive an amount equal to 75% of the annualized Base Salary as if there were no federal, state, and local income tax and employment tax liability for such bonus (collectively, the “Retention Bonus”).
Retention Compensation. In lieu of (x) the retention and bonus payments and severance identified in the May Retention Agreement and the Amended Retention Agreement, (y) the severance identified in the Employment Agreement, and (z) the Company's previously announced performance bonus plan for 2001, the Company will pay Executive the following amounts ("Retention Compensation"):
Retention Compensation. During the term of this Agreement, the Executive shall receive retention compensation based upon and in accordance with the criterion set forth on Exhibit "A" attached hereto and incorporated herein by reference.
Retention Compensation. The 40,000 restricted stock units ("RSUs") granted to Executive pursuant to Section 2(b)(v) of the Original Agreement (the "Retention Award") shall continue to vest in increments of 8,000 RSUs on the each of the first five anniversaries of the grant date (to the extent not vested on the date of this Agreement) and shall be subject to accelerated vesting as provided under this Agreement; provided, however, that delivery of shares or other property deliverable upon the vesting of the RSUs shall be deferred until the date which is six (6) months after the date of termination of Executive's employment for any reason.
Retention Compensation. In addition to the base salary of the Executive, the Executive shall be entitled to additional compensation ("Retention Compensation") equal to one hundred percent (100%) ("100% Payment") of the Executive's annual base salary as of May 1, 1997 upon the occurrence of the earlier of (A) an Involuntary Termination Event or (B) the occurrence of a Sales Event or a Confirmation Event. Upon the Bankruptcy Court entering a final and non-appealable order approving this Agreement, the Corporation will place into escrow the 100% Payment. It is understood and agreed that solely for income tax purposes, Retention Compensation will not be deemed to be income of the Executive until received by the Executive. Retention Compensation accrued but unpaid will not be paid to the Executive if the Executive voluntarily terminates his or her employment prior to the Executive being entitled to receive the 100% Payment from escrow.
Retention Compensation. The Employer may increase the salary of classifications that are experiencing recruitment/retention problems.
Retention Compensation a. The Company will pay the Executive a lump sum retention payment (the “Retention Payment”) equal to $376,600 in February, 2022.
Retention Compensation. Effective July 1, 2024, all returning teachers who have signed their contract for the upcoming school year with the District shall be granted an annual One Thousand Five Hundred Dollars ($1,500) retention compensation, less applicable deductions required by law. The retention compensation shall be paid in the first pay period after August 1. If the teacher resigns during the year, the compensation shall be deducted from the teacher’s contract close-out.
Retention Compensation. 5.15(c) Restraints................................................................6.1(c) SAR Plan....................................................................5.14
