Common use of Retention Compensation Clause in Contracts

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 Executive an annual retention bonus, payable on December 31st of each calendar year during the Term, equal to 3575% of the annualized Base Salary grossed up for federal, state, and local income and employment taxes (assuming the highest marginal tax rate), so that Executive 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”), 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 Executive an annual retention bonus, payable on December 31st of each calendar year during the Term, equal to 3550% of the annualized Base Salary grossed up for federal, state, and local income and employment taxes (assuming the highest marginal tax rate), so that Executive shall receive an amount equal to 50% of the annualized Base Salary as if there were no federal, state, and local income and employment tax liability for such bonus (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 Executive executive an annual retention bonus, bonus payable on December 31st of each calendar year during of the Termterm, equal to 3550% of the annualized Base Salary based 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.