Retention Enhancement. In the event that a CD&L Event occurs during the Retention Bonus Period that the Board determines (i) is in the best interest of the Company’s stockholders and (ii) the Executive’s contributions were critical to the success of such CD&L Event, then the Board shall have the discretion to provide the Executive an additional payment (in addition to the Retention Bonus) in an amount not to exceed the Retention Bonus (the “Retention Enhancement Payment”).
Appears in 6 contracts
Samples: Executive Retention Bonus Agreement (Inspire Pharmaceuticals Inc), Executive Retention Bonus Agreement (Inspire Pharmaceuticals Inc), Executive Retention Bonus Agreement (Inspire Pharmaceuticals Inc)
