Special Bonus Payment Clause Samples

Special Bonus Payment. On, or as soon as reasonably practical after, January 1, 2005, Company shall make a lump-sum cash payment to Executive in the amount of $150,000.

Special Bonus Payment. Employee will receive a special --------------------- one-time lump sum signing bonus in the amount of $160,000, which shall be paid as soon as reasonably practical following Employee's commencement of employment hereunder.

Special Bonus Payment. Subject to Section 2 below, provided that Executive is employed by the Company (or its successor following a Change in Control) on the Trigger Date, the Company shall pay the Bonus Amount to Executive in a single lump sum on the Payment Date.

Special Bonus Payment. Employer shall pay Employee a special bonus in an amount equal to fifty percent (50%) of the gross amount Employee is required to pay to Marquette Electronics ("Marquette") for partial repayment of the sign-on bonus paid to Employee by Marquette when Employee joined Marquette. Employee shall provide Company with such written evidence of such repayment as Company shall reasonably request. Such special bonus shall be paid by Company within 20 days after its receipt of such evidence. The full amount of such special bonus shall be repaid to Company by Employee in the event that Employee voluntarily terminates his employment with Company, or if Company terminates Employee for cause or unsatisfactory performance, prior to the fifth anniversary of the Hire Date.

Special Bonus Payment. Subject to Employee's continued employment with the Company as of each record date, (i) from the Date of Grant until the Q4 Determination, Employee shall be entitled to receive a cash payment (less applicable withholding) equal to the amount of any dividends paid with a record date which falls on or after the Date of Grant on all Deferred Shares covered by the Award; and (ii) on and after the Q4 Determination, Employee shall be entitled to receive a cash payment (less applicable withholding) equal to the amount of any dividends paid with a record date on or after the Q4 Determination on that number of Shares determined under Section 1.3 (regardless whether the Award is vested or unvested pursuant to Section 2.1) less the amount of any dividends paid on the number of Shares already paid to Employee in satisfaction of the Indexed Deferred Shares Award.

Special Bonus Payment. In consideration of the additional duties that you have agreed to undertake on behalf of the Company and Holding hereunder, the Company agrees to pay you a special bonus in the amount of $50,000, payable in cash on the earlier of (a) the date a new Chief Executive Officer is hired by the Company (to be payable whether or not you are the person so hired) or (b) March 1, 1998.

Special Bonus Payment. In consideration for Employee's services in connection with the Company's acquisition of the industrial packaging assets of Smurfit-Stone Container Corporation and for the relinquishment and waiver of all of Employee's rights in connection with SERP and the CIC Agreement, the Company will pay to Employee the sum of $200,000, less applicable withholding and deductions authorized by Employee. This payment shall be made to Employee on the first regular payday following expiration of the seven-day revocation period specified in paragraph 18 hereof.

Special Bonus Payment. On the first regular payroll date after 10 business days after the Retirement Date or the Effective Date of this Agreement, the Company will pay you a special bonus equal to six (6) months of your base salary in effect as of the Retirement Date (the “Special Bonus Payment”), totaling $172,900, subject to standard withholdings and deductions.

Special Bonus Payment. The Executive has agreed (a) to remain in the employ of the Company from January 16, 2001 through the Retirement Date (or such other date as the Parties may agree upon in writing) (the "SPECIAL BONUS PERIOD"), (b) to facilitate a smooth and positive transition to a new chief executive officer of the Company during the Special Bonus Period and (c) to reaffirm, along with the Company and promptly following the Special Bonus Period, that the release of claims in Section 5 applies to claims that arise during the Special Bonus Period. If the Executive fulfills the conditions of this Section 3.3 as determined in good faith by the Chair of the Executive Committee of the Board and the Executive has not revoked this Agreement during the seven-day revocation period described in Section 16.3, then, the Company shall pay, in addition to salary earned by the Executive pursuant to Section 1.1, a special bonus of $88,000 on February 28, 2001.