Special Retention Bonus. If Executive shall remain an employee of Employer continuously from the date hereof through June 30, 2017 (the “Retention Period Date”), no later than five business days following the Retention Period Date, Employer shall pay Executive in cash the amount of $75,000 as a retention bonus. If Executive intends to terminate his employment at any time on or after the Retention Period Date and before January 1, 2018, Executive shall provide notice of such planned termination at least six months prior to the termination date.
Appears in 2 contracts
Samples: Employment Agreement (Uqm Technologies Inc), Employment Agreement (Uqm Technologies Inc)
Special Retention Bonus. If Executive shall remain an employee of Employer continuously from the date hereof through June 30, 2017 (the “Retention Period Date”), no later than five business days following the Retention Period Date, Employer shall pay Executive in cash the amount of $75,000 100,000 as a retention bonus. If Executive intends to terminate his employment at any time on or after the Retention Period Date and before January 1, 2018, Executive shall provide notice of such planned termination at least six months prior to the termination date.
Appears in 2 contracts
Samples: Employment Agreement (Uqm Technologies Inc), Employment Agreement (Uqm Technologies Inc)
Special Retention Bonus. If Executive shall remain an employee of Employer continuously from the date hereof July 20, 2015 through June 30, 2017 (the “Retention Period Date”), no later than five business days following the Retention Period Date, Employer shall pay Executive in cash the amount of $75,000 100,000 as a retention bonus. If Executive intends to terminate his employment at any time on or after the Retention Period Date and before January 1, 2018, Executive shall provide notice of such planned termination at least six months prior to the termination date.
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