Retention Incentive Payment to the Company Sample Clauses

Retention Incentive Payment to the Company. The Company agrees to lease the Facility and to retain and expand an office and its associated operations and workforce, all within the City. In consideration of the Company’s agreement to lease the Facility and to retain and expand that office and retain and create employment opportunities within the City, and subject to the Company’s compliance with the requirements set forth in subsection 2(d), the City agrees to provide to the Company a retention incentive payment (the “Retention Incentive Payment”) in the amount of Seventy-Five Thousand and 00/100 Dollars ($75,000.00), payable to the Company no later than thirty (30) days following the occurrence of (A) the Company’s lease of the Facility within the City and provision to the City of a photocopy of the Lease Agreement and (B) issuance by the City of the Certificate of Occupancy for that leased Facility (which issuance will not be unreasonably conditioned, delayed or withheld by the City).
Sample 1
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Retention Incentive Payment to the Company. The Company agrees to lease or purchase the Facility and to retain and expand its non-clinical office and its associated non- clinical operations and workforce, all within the City. In consideration of the Company’s agreement to lease or purchase the Facility and to retain and expand that non-clinical office and retain and create employment opportunities within the City, and subject to the Company’s compliance with the requirements set forth in subsection 2(d), the City agrees to provide to the Company a retention incentive payment (the “Retention Incentive Payment”) in the amount of Six Hundred Thousand and 00/100 Dollars ($600,000.00), payable to the Company no later than thirty (30) days following the occurrence of (A) the Company’s satisfaction of the requirement in either subsection 1(c)(i)(A) or subsection 1(c)(i)(B) and (B) the Company’s satisfaction of the requirement in subsection 1(c)(ii).
Sample 1Sample 2
Retention Incentive Payment to the Company. The Company agrees to acquire the Facility and to retain and expand an office and its associated operations and workforce, all within the City. In consideration of the Company’s agreement to acquire the Facility and to retain and expand that office and retain and create employment opportunities within the City, and subject to the Company’s compliance with the requirements set forth in subsection 2(d), the City agrees to provide to the Company a retention incentive payment (the “Retention Incentive Payment”) in the amount of Thirty-Five Thousand and 00/100 Dollars ($35,000.00), payable to the Company no later than thirty (30) days following the occurrence of (A) the Company’s acquisition of the Facility and provision to the City of documentation in support thereof and (B) issuance by the City of the Certificate of Occupancy (which issuance will not be unreasonably withheld, delayed or conditioned).
Sample 1
Retention Incentive Payment to the Company. The Company agrees to lease a facility and to retain and expand an office and its associated operations and workforce, all within the City. In consideration either Xxxxxxx Controls Fire Protection’s or Xxxxxxx Controls Security Solution’s (or both collectively) agreement to lease a facility and to retain and expand that office and retain and create employment opportunities within the City, and subject to the Company’s compliance with the requirements set forth in this subsection 2(b)(i) and subsection 2(c), the City agrees to provide to the Company a retention incentive payment (the “Retention Incentive Payment”) in the amount of Thirty-Three Thousand Five Hundred and 00/100 Dollars ($33,500.00), payable to Xxxxxxx Controls Fire Protection no later than thirty (30) days following the occurrence of:
Sample 1

Related to Retention Incentive Payment to the Company

  • Education Incentive Pay An employee shall be entitled to receive educational incentive pay as follows:

  • Severance Payment Executive will be paid continuing payments of severance pay at a rate equal to Executive’s base salary rate, as then in effect, for twelve (12) months from the date of such termination of employment, to be paid periodically in accordance with the Company’s normal payroll policies.

  • Retention Bonus You will be eligible for a lump sum cash payment on the first anniversary of the Acquisition Date provided that you are employed by the Company as of such date in an amount equal to the sum of (i) 100% of your annual base salary in effect as of the Acquisition Date, plus (ii) 100% of the annual bonus paid to you for the Company’s fiscal year ending December 31, 2008 (such sum, the “First Year Retention Bonus”). You will be eligible for a lump sum cash payment on the second anniversary of the Acquisition Date provided that you are employed by the Company as of such date in an amount equal to the sum of (i) 100% of your annual base salary in effect as of the Acquisition Date, plus (ii) 100% of the annual bonus paid to you for the Company’s fiscal year ending December 31, 2008 (such sum, the “Second Year Retention Bonus”). Except as set forth below, you will not be eligible for the retention bonuses as set forth above if your employment terminates prior to such applicable anniversary. In the event of your Voluntary Termination for Good Reason (as defined below), the termination of your employment by the Company other than for Justifiable Cause, or in the event of your death or “permanent disability” as defined in the Company’s long-term disability policy (i) during the first twelve month period following the Acquisition Date, you will be eligible for a pro rata portion of the First Year Retention Bonus, counting full months of employment with the Company from the Acquisition Date through such termination, and (ii) during the second twelve month period following the Acquisition Date, you will be eligible for a pro rata portion of the Second Year Retention Bonus, counting full months of employment with the Company from the first anniversary of the Acquisition Date through such termination. Any prorated payment pursuant to the preceding sentence shall be made within 10 business days of such termination. If the annual bonus payment for the Company’s fiscal year ending December 31, 2008 has not been paid to you or otherwise determined by the Company as of the date the prorated payment is due, the prorated payment shall be calculated using your target bonus amount for 2008. Payments under this Section 8 shall be net of any applicable withholding taxes. For purposes of this Section 8, “Voluntary Termination for Good Reason” shall have the same meaning as given to such term under the Key Employee Change in Control Severance Plan as in effect immediately prior to the Acquisition Date, but with respect to the First Year Retention Bonus only, determined without regard to clause (ii) thereof.”

  • Incentive Payment 11.3.1 An employer may offer and an employee may accept an early retirement incentive based on the age at retirement to be paid in the following amounts Age at Retirement % of Annual Salary at Time of Retirement 55 to 59 100% 60 80% 61 60% 62 40% 63 20% 64 0%

  • Education Incentive A. The following monthly education incentive pay will be paid to each employee upon completing the listed degree and providing proof of completion to the Agency. Associate Degree Two percent (2%) Bachelor Degree Four percent (4%)

  • Severance Pay 4.4.2(a) Severance pay - other than employees of a small employer An employee, other than an employee of a small employer, whose employment is terminated by reason of redundancy is entitled to the following amount of severance pay in respect of a period of continuous service: Period of continuous service Severance pay Less than 1 year Nil 1 year and less than 2 years 4 weeks’ pay* 2 years and less than 3 years 6 weeks’ pay 3 years and less than 4 years 7 weeks’ pay 4 years and less than 5 yeas 8 weeks’ pay 5 years and less than 6 years 10 weeks’ pay 6 years and less than 7 years 11 weeks’ pay 7 years and less than 8 years 13 weeks’ pay 8 years and less than 9 years 14 weeks’ pay 9 years and less than 10 years 16 weeks’ pay 10 years and over 12 weeks’ pay * Week’s pay is defined in 4.4.1.

  • Severance Payments 6.1 If the Executive's employment is terminated following a Change in Control and during the Term, other than (A) by the Company for Cause, (B) by reason of death or Disability, or (C) by the Executive without Good Reason, then the Company shall pay the Executive the amounts, and provide the Executive the benefits, described in this Section 6.1 ("Severance Payments") and Section 6.2, in addition to any payments and benefits to which the Executive is entitled under Section 5 hereof; provided, however, that the Executive shall not be entitled to the Severance Payments unless and until the Executive (or, in the event of the Executive's death, the executor, personal representative or administrator of the Executive's estate) has signed a written waiver and release substantially in the form set forth on Exhibit A hereto. For purposes of this Agreement, the Executive's employment shall be deemed to have been terminated following a Change in Control by the Company without Cause or by the Executive with Good Reason, if (i) during the Term the Executive's employment is terminated by the Company without Cause following a Potential Change in Control but prior to a Change in Control (whether or not a Change in Control ever occurs) and such termination was at the request or direction of a Person who has entered into an agreement with the Company the consummation of which would constitute a Change in Control, (ii) during the Term the Executive terminates his employment for Good Reason following a Potential Change in Control but prior to a Change in Control (whether or not a Change in Control ever occurs) and the circumstance or event which constitutes Good Reason occurs at the request or direction of such Person or (iii) during the Term the Executive's employment is terminated by the Company without Cause or by the Executive for Good Reason and such termination or the circumstance or event which constitutes Good Reason is otherwise in connection with or in anticipation of a Change in Control (whether or not a Change in Control ever occurs). An Executive will not be considered to have been terminated by reason of the divestiture of a facility, sale or other disposition of a business or business unit, or the outsourcing of a business activity with which the Executive is affiliated, notwithstanding the fact that such divestiture, sale or outsourcing takes place within two years following a Change in Control, if the Executive is offered comparable employment by the successor company and such successor company agrees to assume the Company's obligations to the Executive under this Agreement.

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

  • Incentive Payments The Settlement Fund Administrator will treat incentive payments under Section IV.F on a State-specific basis. Incentive payments for which a Settling State is eligible under Section IV.F will be allocated fifteen percent (15%) to its State Fund, seventy percent (70%) to its Abatement Accounts Fund, and fifteen percent (15%) to its Subdivision Fund. Amounts may be reallocated and will be distributed as provided in Section V.D.

  • Severance Allowance A laid-off employee shall be entitled to severance allowance pursuant to Article 55.

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