Retention Pool Sample Clauses

Retention PoolOn the Effective Date, Executive shall be awarded 400,000 units pursuant to the Company’s Retention Pool Plan.
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Retention Pool. (a) At the Effective Time, Parent shall establish a stock option pool to purchase an aggregate of not less than 500,000 Parent Shares to retain Company employees following the Closing. As soon as practicable after Closing, Parent shall issue to the employees of the Company named on a retention schedule (the "Retention Schedule") to be determined by Parent and the Company as soon as practicable, but in no event later than twenty (20) days from the date of this Agreement, options to purchase all of the Parent Shares reserved pursuant to the preceding sentence at a per share exercise price equal to the market price of the Parent Shares on the date of the grant for purposes of Parent's stock option plan (the "Retention Parent Stock Options"). Each Retention Parent Stock Option shall vest in sixteen (16) equal quarterly installments at the end of each calendar quarter over forty-eight (48) months from the date of grant. (b) At the Effective Time, Parent shall establish a cash bonus pool of $5,000,000 (the "Retention Cash") to retain Company employees following the Closing. At a time or times to be mutually agreed between the Company and Parent, but in no event later than March 31, 2001, Parent shall pay the Retention Cash to the Company employees named on the Retention Schedule, in the respective amounts set forth on the Retention Schedule. If the employment of any such employee ceases as a result of a termination without Cause by Parent or one of its Subsidiaries or if there is a Change in Control of Parent, all of the Retention Cash allocated for such employee shall immediately vest and be paid to such employee. (c) Prior to the Effective Time, pursuant to a restricted stock plan reasonably acceptable to Parent, the Company shall issue to employees of the Company and its Subsidiaries named on the Retention Schedule to be agreed upon by the Company and Parent in writing prior to the Effective Time an aggregate number of shares of Company Common Stock (the "Retention Pool Shares") equal to the quotient obtained by dividing 500,000 by the Exchange Ratio. The Retention Pool Shares shall be allocated among the employees listed on the Retention Schedule in the amounts set forth in the Retention Schedule for each such employee. The restricted stock plan governing the Retention Pool Shares shall provide for vesting of share awards in equal installments at the end of the twelfth (12th), twenty-fourth (24th), and thirty-sixth (36th) months after the later of the date o...
Retention PoolPrior to the Closing, Acquirer will establish a retention pool out of Acquirer’s existing long-term incentive plan providing for the grant of options to purchase 309,500 shares of Acquirer Common Stock, to be granted to Key Employees and certain other continuing employees of the Company immediately following the Closing. Any options under the foregoing retention pool shall be allocated as determined by Acquirer following consultation with the Company. For the avoidance of doubt, the exercise price per share of an option granted from the retention pool will be no less than the price per share of Acquirer’s Common Stock on the date of grant of the option.
Retention PoolThe Parent shall, as promptly as practicable following the Effective Time, offer to certain Offered Employees equity securities of Parent with such offered equity securities having an aggregate value of not less than $15,000,000 (and, to the extent such Offered Employees become Continuing Employees, grant such equity securities) and allocated amongst such Offered Employees by Parent in consultation with Xx. Xxxx XxXxxxxx; provided that such allocations otherwise comply with Section 6.7(b) (for clarity, these grants are in addition to any Adjusted Options granted to such individuals pursuant to Section 2.1(b)(vi)). The employment transition letter for each such Offered Employee shall contain details surrounding such grant of equity securities including any vesting terms.
Retention Pool. Northwest Bancshares shall establish a retention pool of up to $375,000 providing for retention bonuses to be paid to Continuing Employees who remain employed with Northwest Bancshares or Northwest Bank after the Closing for a period specified by Northwest Bancshares or Northwest Bank, not to exceed four (4) months.
Retention Pool. The Board shall establish a retention pool for SECAs, bus aides, crossing guards, security officers, and custodians whose positions are closed following the conclusion of SY 2023-2024 and who do not secure new permanent positions within CPS by the start of SY 2024-25. Employees in these positions who are laid off shall enter a pool for SY 2024-25 and shall be assigned to schools with existing vacancies, with such employees remaining in the pool through the last school day of June 2025. Vacancy placements shall not override the bumping or recall rights or otherwise conflict with this Article. SECAs, bus aides, crossing guards, security officers, and custodians subject to layoff shall be eligible to join the retention pool if their most recent evaluation is developing or better. Employees in the retention pool shall continue to receive pay and benefits under the collective bargaining agreement during their time in the retention pool. CPS and SEIU 73 agree to convene a meeting in May 2025 and May 2026 to discuss a retention pool for school-based budget positions for school year 2025-2026 and 2026-2027. These discussions will consider budget allocations and address any anticipated vacancies.
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Retention Pool. Parent shall establish a retention pool in an amount of approximately $7,000,000 (the “Retention Pool”) to make payments to eligible individuals set forth in Section 5.15 of the Company Disclosure Schedule who remain employees of the Surviving LLC or any Affiliate of the Surviving LLC for a period of no less than six (6) months following the Effective Time (the “Retention Period”), except that an eligible individual terminated by or caused to be terminated by the Surviving LLC or any Affiliate of the Surviving LLC without cause during the Retention Period shall be eligible to retain the initial payment and receive the subsequent payment from the Retention Pool. One half of the amounts awarded under the Retention Pool shall be paid promptly after the Effective Time and one half of the amounts awarded under the Retention Pool shall be paid at the end of the Retention Period to eligible individuals, subject to the requirement that an eligible individual who ceases to be an employee of the Surviving LLC or any Affiliate of the Surviving LLC during the Retention Period, except if terminated or caused to be terminated by the Parent without cause, shall no longer be eligible to receive the payment due at the end of the Retention Period and shall repay the Parent an amount determined by multiplying the payment that eligible individual received from the Retention Pool at the Effective Time by a fraction, the numerator of which is 182 minus the number of days the eligible employee remained an employee of the Surviving LLC or any Affiliate of the Surviving LLC and the denominator of which is 182.
Retention Pool. MainSource shall establish a retention pool providing for retention bonuses to be paid to Cheviot Financial employees, and the payments of such amounts will be determined in the discretion of MainSource following consultation with Cheviot Financial.
Retention Pool. Acquirer shall establish a retention pool of restricted stock units (“RSUs”) for Continuing Employees. Within sixty (60) days following the Closing Date, the Continuing Employees will receive grants of RSU awards from such retention pool subject to approval of Acquirer’s board of directors or its authorized committee. Any such grants will vest (subject to continued service of the Continuing Employee receive such grant) over a four-year period at the rate of 25% on the first anniversary of the grant date and 1/12th per quarter thereafter, and shall be subject to all of the terms and conditions of the applicable Acquirer plan and award agreement.
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