Common use of Retention Payment Clause in Contracts

Retention Payment. If Employee remains employed by Company or its subsidiaries on the first anniversary of the Closing Date, then Company shall pay to Employee in a lump sum within five (5) business days thereafter, an amount equal to $250,000 (the “Retention Payment”).

Appears in 1 contract

Samples: Retention and Severance Agreement (21st Century Insurance Group)

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Retention Payment. If Employee remains employed by Company or its subsidiaries on the first anniversary of the Closing Date, then Company shall pay to Employee in a lump sum within five (5) business days thereafter, an amount equal to $250,000 515,000 (the “Retention Payment”).

Appears in 1 contract

Samples: Retention and Severance Agreement (21st Century Insurance Group)

Retention Payment. If Employee remains employed by Company or its subsidiaries on the first anniversary of the Closing Date, then Company shall pay to Employee in a lump sum within five (5) business days thereafter, an amount equal to $250,000 139,000 (the “Retention Payment”).

Appears in 1 contract

Samples: Retention and Severance Agreement (21st Century Insurance Group)

Retention Payment. If Employee remains employed by Company or its subsidiaries on the first anniversary of the Closing Date, then Company shall pay to Employee in a lump sum within five (5) business days thereafter, an amount equal to $250,000 136,096 (the “Retention Payment”).

Appears in 1 contract

Samples: Retention and Severance Agreement (21st Century Insurance Group)

Retention Payment. If Employee remains employed by Company or its subsidiaries on the first anniversary of the Closing Date, then Company shall pay to Employee in a lump sum within five (5) business days thereafter, an amount equal to $250,000 675,000 (the “Retention Payment”).

Appears in 1 contract

Samples: Retention and Severance Agreement (21st Century Insurance Group)

Retention Payment. If Employee remains employed by Company or its subsidiaries on the first anniversary of the Closing Date, then Company shall pay to Employee in a lump sum within five (5) business days thereafter, an amount equal to $250,000 403,750 (the “Retention Payment”).

Appears in 1 contract

Samples: Retention and Severance Agreement (21st Century Insurance Group)

Retention Payment. If Employee remains employed by Company or its subsidiaries on the first anniversary of the Closing Date, then Company shall pay to Employee in a lump sum within five (5) business days thereafter, an amount equal to $250,000 73,467 (the “Retention Payment”).

Appears in 1 contract

Samples: Retention and Severance Agreement (21st Century Insurance Group)

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Retention Payment. If Employee remains employed by Company or its subsidiaries on the first anniversary of the Closing Date, then Company shall pay to Employee in a lump sum within five (5) business days thereafter, an amount equal to $250,000 460,000 (the “Retention Payment”).

Appears in 1 contract

Samples: Retention and Severance Agreement (21st Century Insurance Group)

Retention Payment. If Employee remains employed by Company or its subsidiaries on the first anniversary of the Closing Date, then Company shall pay to Employee in a lump sum within five (5) business days thereafter, an amount equal to $250,000 437,500 (the “Retention Payment”).

Appears in 1 contract

Samples: Retention and Severance Agreement (21st Century Insurance Group)

Retention Payment. If Employee remains employed by Company or its subsidiaries on the first anniversary of the Closing Date, then Company shall pay to Employee in a lump sum within five (5) business days thereafter, an amount equal to $250,000 475,000 (the “Retention Payment”).

Appears in 1 contract

Samples: Retention and Severance Agreement (21st Century Insurance Group)

Retention Payment. If Employee remains employed by Company or its subsidiaries on the first anniversary of the Closing Date, then Company shall pay to Employee in a lump sum within five (5) business days thereafter, an amount equal to $250,000 112,500 (the “Retention Payment”).

Appears in 1 contract

Samples: Retention and Severance Agreement (21st Century Insurance Group)

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