Common use of Stay Bonus Clause in Contracts

Stay Bonus. In the event of a Change of Control (as defined in Section 3 below), you shall be eligible for a stay bonus in an amount in cash equal to twelve months' base salary, as in effect immediately prior to the Change of Control (minus applicable withholding and other deductions required by law), provided you (i) remain employed by the Company (or its successor) for at least ninety (90) days following the Change of Control; or (ii) terminate your employment with Good Reason (as defined in Section 5 below) no later than ninety (90) days following the Change in Control; or (iii) are terminated by the Company without Cause (as defined in Section 4 below) no later than ninety (90) days following the Change of Control. The stay bonus shall be paid in a lump sum amount in cash within 10 days of the first occurrence of an event described in (i), (ii) or (iii) of this paragraph.

Stay Bonus. In the event of a Change of Control (as defined in Section 3 2 below), you shall be eligible for a stay bonus in an amount in cash equal to twelve months' base salary, as in effect immediately prior to the Change of Control $50,000 (minus applicable withholding and other deductions required by law), provided you (i) remain employed by the Company (or its successor) for at least ninety (90) days following the Change of Control; or (ii) terminate your employment with Good Reason (as defined in Section 5 4 below) no later than ninety (90) days following the Change in Control; or (iii) are terminated by the Company without Cause (as defined in Section 4 3 below) no later than ninety (90) days following the Change of Control. The stay bonus shall be paid in a lump sum amount in cash within 10 ten (10) days of the first occurrence of an event described in (i), (ii) or (iii) of this paragraph.

Stay Bonus. In the event of a Change of Control (as defined in Section 3 2 below), you shall be eligible for a stay bonus in an amount in cash equal to twelve months' base salary, as in effect immediately prior to the Change of Control (minus applicable withholding and other deductions required by law), provided you (i) remain employed by the Company (or its successor) for at least ninety (90) days following the Change of Control; or (ii) terminate your employment with Good Reason (as defined in Section 5 below) no later than ninety (90) days following the Change in Control; or (iii) are terminated by the Company without Cause (as defined in Section 4 below) no later than ninety (90) days following the Change of Control. The stay bonus shall be paid in a lump sum amount in cash within 10 days of the first occurrence of an event described in (i), (ii) or (iii) of this paragraph.