Special Retention Bonus. If the Executive remains actively employed by the Company through November 30, 2018, the Company shall pay the Executive a cash bonus in the amount of $120,000 (the “Special Retention Bonus”), which shall be paid to the Executive in February 2019 when annual cash incentive bonuses for 2018 are paid to the other executive officers of the Company (but, in no event shall the Special Retention Bonus be paid later than March 15, 2019). The Special Retention Bonus shall be in addition to any annual cash incentive bonus earned by the Executive pursuant to Section 2(b) above.
Appears in 3 contracts
Samples: Employment Agreement, Employment Agreement (Rubius Therapeutics, Inc.), Employment Agreement (Rubius Therapeutics, Inc.)
Special Retention Bonus. If For the fiscal year ending April 30, 2015, Executive remains actively shall also be entitled to a special retention bonus of $60,000, which shall become payable to Executive if Executive continues to be employed by the Company through November 30as of January 7, 20182016. If this special retention bonus is earned, the Company shall pay the Executive a cash bonus in the amount of $120,000 (the “Special Retention Bonus”), which it shall be paid payable to the Executive in February 2019 when annual cash incentive bonuses for 2018 are paid to the other executive officers of the Company (butExecutive, in no event shall the Special Retention Bonus be paid later than March 15, 2019). The Special Retention Bonus shall be in addition to any annual cash incentive bonus earned by the Executive pursuant subject to Section 2(b) above8, concurrently with the Company’s first payroll date subsequent to January 31, 2016.
Appears in 1 contract
