Common use of Retention Incentive Clause in Contracts

Retention Incentive. a. To the extent the Executive remains employed by the Company through the Retention Period, at certain times during the Retention Period the Executive shall be paid a cash “Retention Incentive” in an amount equal to $600,000, which equals 150% of Executive’s annual base salary in effect as of the Effective Date, as follows:

Appears in 1 contract

Samples: Retention Agreement (Spectrum Brands, Inc.)

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Retention Incentive. a. To the extent the Executive remains employed by the Company through the Retention Period, at certain times during the Retention Period the Executive shall be paid a cash “Retention Incentive” in an amount equal to $600,0001,237,500, which equals 150% of Executive’s annual base salary in effect as of the Effective Date, as follows:

Appears in 1 contract

Samples: Retention Agreement (Spectrum Brands, Inc.)

Retention Incentive. a. To the extent the Executive remains employed by the Company through the Retention Period, at certain times during the Retention Period the Executive shall be paid a cash “Retention Incentive” in an amount equal to $600,000675,000, which equals 150% of Executive’s annual base salary in effect as of the Effective Date, as follows:

Appears in 1 contract

Samples: Retention Agreement (Spectrum Brands, Inc.)

Retention Incentive. a. To the extent the Executive remains employed by the Company through the Retention Period, at certain times during the Retention Period the Executive shall be paid a cash “Retention Incentive” in an amount equal to $600,000562,500, which equals 150% of Executive’s annual base salary in effect as of the Effective Date, as follows:

Appears in 1 contract

Samples: Retention Agreement (Spectrum Brands, Inc.)

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Retention Incentive. a. To the extent the Executive remains employed by the Company through the Retention Period, at certain times during the Retention Period the Executive shall be paid a cash “Retention Incentive” in an amount equal to $600,000787,500, which equals 150% of Executive’s annual base salary in effect as of the Effective Date, as follows:

Appears in 1 contract

Samples: Retention Agreement (Spectrum Brands, Inc.)

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