Retention Payments. (a) In the event that Executive is employed by the Company on January 1, 2002, Executive shall be entitled to a lump sum cash retention payment equal to 150% of the sum of (i) Executive's Base Salary and (ii) Executive's target annual bonus, each as in effect for the 2001 fiscal year (such sum, the "2002 Retention Bonus").
Appears in 7 contracts
Samples: Executive Retention Agreement (Ingram Micro Inc), Executive Retention Agreement (Ingram Micro Inc), Executive Retention Agreement (Ingram Micro Inc)