Stay Put Bonus Sample Clauses

Stay Put Bonus. In the event Employer is acquired by a third party (by merger or other combination, purchase of assets, purchase of stock, or otherwise (the "Acquisition"), Employee shall earn and be paid a stay-put bonus by Employer or its successor in the amount of Fifty Thousand and No/100 Dollars ($50,000.00) if Employee remains an employee of Employer through the effective time of the Acquisition. The stay-put bonus, if earned under the preceding sentence, shall be paid to Employee no later than ten (10) days after the effective date of the Acquisition.
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Stay Put Bonus. A "Pro-Rata" (hereinafter defined) portion shall be paid as soon as practicable after the date of death or Disability.
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Stay Put Bonus a. Executive shall be entitled to a bonus ("Stay Put Bonus") of $125,000 if he remains an employee of the Company on each of January 1, 2001 and July 1, 2001 (or an aggregate of $250,000) or if Executive has been discharged without "Cause" (hereinafter defined) prior to each such date he will receive immediately any unpaid balance of the $250,000 Stay Put Bonus.
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Stay Put Bonus. Promptly after the Closing Date, the Company deposited into an escrow account as a "stay put bonus" for the Employee the amount of $665,000 (the "Stay Put Bonus"). Employee acknowledges that he received the Stay Put Bonus.
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Stay Put Bonus. (a) If Executive is employed by PCBC on January 1, 2005, or if his employment is terminated prior to that date for any reason other than his voluntary resignation , he or his estate will be entitled to the additional compensation set forth below (the “Stay Put Bonus”).
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Stay Put Bonus. In the event of the Sale of Employer or Employer's payment in full of the then outstanding indebtedness under the Subordinated Notes, whichever event occurs first, Employee shall earn and be paid a stay-put bonus by Employer or its successor in the amount of Twenty-Five Thousand Dollars ($25,000.00) if Employee remains an employee of Employer through the occurrence of such
Sample 1
Stay Put Bonus. Promptly after execution of this Agreement, Seller shall cause the Target Entities to enter into reasonable stay put bonus agreements with the Target Entities' employees designated by Buyer to appropriately incentivize such employees to remain employed with the Target Entities for a period of at least six months after the Closing Date (the "Stay Put Agreements"). The Stay Put Agreements shall be subject to Buyer's reasonable approval. All bonus amounts payable to the Target Entities' employees under the Stay Put Agreements shall be paid one-third by Seller (and not the Target Entities) and two-thirds by Buyer.
Sample 1
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Stay Put Bonus. Promptly after the Closing Date, the Company shall deposit into an escrow account as a "stay put bonus" for the Employee the amount of $__________ (the "Stay Put Bonus"). Gray Cary Ware & Freidenrich, LLP, corporate counsel to the Company, xxaxx xxxxx as escrow agent pursuant to a standard form of escrow agreement with directors Robert Moore and Mark Sullivan serving as joint signatories for the xxxxxxx xx funds. Xx Xxxxxxxx is still employed by the Company on the date which is six (6) months after the Closing Date, or upon Employee's earlier involuntary termination of employment by the Company other than for "Cause" (as defined in Section 9(a) hereof) or upon Employee's termination of his employment for "Good Reason" (as defined in Section 9(b) hereof), or upon Employee's death or disability (as discussed in Section 7(a) hereof), Employee shall be paid the Stay Put Bonus.
Sample 1

Related to Stay Put Bonus

  • Annual Bonus Compensation In addition to your Salary, during the Employment Term you shall be eligible to earn an annual bonus for each whole or partial calendar year during the Employment Term, determined and payable as follows (the “Bonus”):

  • Annual Bonus In addition to Annual Base Salary, Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the “Annual Bonus”) in cash at least equal to Executive’s highest annual bonus for the last three full fiscal years prior to the Effective Date (annualized in the event that Executive was not employed by the Company for the whole of such fiscal year). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless Executive shall elect to defer the receipt of such Annual Bonus.

  • Target Bonus For purposes of this Agreement, “Target Bonus” means the assigned bonus target for the Executive under any short-term incentive plan(s) of the Company, multiplied by his or her base salary, for the relevant fiscal year. If the Executive’s base salary is changed during the relevant fiscal year, the Target Bonus shall be calculated by multiplying the Executive’s assigned bonus target by the highest base salary in effect during that fiscal year.

  • Annual Cash Bonus During the Term, Executive may be eligible to receive an annual cash bonus, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • Cash Incentive Compensation During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual cash incentive compensation shall be 40 percent of the Executive’s Base Salary. Except as otherwise provided herein, to earn cash incentive compensation, the Executive must be employed by the Company on the day such cash incentive compensation is paid.

  • Base Salary and Bonus As compensation for the Executive's services under this Agreement, the Executive shall receive and the Company shall pay a weekly base salary set forth on Exhibit A. Such base salary may be increased but not decreased during the Term or Renewal Period in the Company's discretion based upon the Executive's performance and any other factors the Company deems relevant. Such base salary shall be payable in accordance with the policy then prevailing for the Company's executives. In addition to such base salary, the Executive shall be entitled during the Term or Renewal Period to a performance bonus set forth on Exhibit A and to participate in and receive payments from, at the Company's election, other bonus and other incentive compensation plans, if any, as may be adopted by the Company.

  • Salary Benefits and Bonus Compensation 3.1 BASE SALARY. Effective July 1, 2000, as payment for the services to be rendered by the Employee as provided in Section 1 and subject to the terms and conditions of Section 2, the Employer agrees to pay to the Employee a "Base Salary" at the rate of $180,000 per annum, payable in equal bi-weekly installments. The Base Salary for each calendar year (or proration thereof) beginning January 1, 2001 shall be determined by the Board of Directors of Avocent Corporation upon a recommendation of the Compensation Committee of Avocent Corporation (the "Compensation Committee"), which shall authorize an increase in the Employee's Base Salary in an amount which, at a minimum, shall be equal to the cumulative cost-of-living increment on the Base Salary as reported in the "Consumer Price Index, Huntsville, Alabama, All Items," published by the U.S. Department of Labor (using July 1, 2000, as the base date for computation prorated for any partial year). The Employee's Base Salary shall be reviewed annually by the Board of Directors and the Compensation Committee of Avocent Corporation.

  • Base Salary and Incentive Compensation The Company shall pay to Executive (i) his Base Salary (as in effect as of the date of his termination) and (ii) Incentive Compensation (in an aggregate amount equal to the applicable portion of the cash Incentive Compensation received by the Executive for the most recent fiscal year prior to his termination) as follows: Years of Base Payout Service Salary Incentive Compensation Period Less than one 3 months 25% of the Short Term Incentive Plan award for the most recent full fiscal year prior to termination 3 months One but less than two 6 months 50% of the Short Term Incentive Plan award for the most recent full fiscal year prior to termination 6 months Two but less than three 9 months 75% of the Short Term Incentive Plan award for the most recent full fiscal year prior to termination 9 months Three or More 12 months 100% of the Short Term Incentive Plan award for the most recent full fiscal year prior to termination 12 months To the extent permitted under Code Section 409A, the sum of applicable Base Salary and Incentive Compensation shall be divided into equal monthly payments and paid to the Executive over the applicable Payout Period shown in the table above, depending on the Executive’s years of service at the time of Termination.

  • Cash Bonus Executive shall be entitled to a fraction of any Cash Bonus for the fiscal year of the Company within which Executive’s termination of employment occurs which, based upon the criteria established for such Cash Bonus, would have been payable to Executive had he remained employed through the date of payment, the numerator of which is the number of days of such fiscal year prior to his termination of employment and the denominator of which is three hundred and sixty-five (365); and

  • Incentive and Bonus Compensation The Executive shall be eligible to participate in the Company’s existing and future bonus and stock option plans and other incentive compensation programs for similarly situated executives (collectively, “Plans”), to the extent that the Executive is qualified to participate in any such Plan under the generally applicable provisions thereof in effect from time to time. Such eligibility is not a guarantee of participation in or of the receipt of any award, payment or other compensation under any Plan. To the extent the Executive does participate in a Plan and the Plan does not expressly provide otherwise, the Chief Executive Officer and/or the Board, as appropriate, may determine all terms of participation (including, without limitation, the type and size of any award, payment or other compensation and the timing and conditions of receipt thereof by the Executive) in the Chief Executive Officer’s or the Board’s sole and absolute discretion. Nothing herein shall be deemed to prohibit the Company or the Board from amending or terminating any and all Plans in its sole and absolute discretion. Except as otherwise provided herein, the terms of each Plan shall govern the Executive’s rights and obligations thereunder during the Executive’s employment and upon the termination thereof. Without limiting the generality of the foregoing, the definition of “Cause” hereunder shall not supersede the definition of “cause” in any Plan (unless the Plan expressly defers to the definition of “cause” under an executive’s employment agreement) and any rights of the Executive hereunder upon and subsequent to the termination of the Executive’s employment shall be in addition to, and not in lieu of, any right of the Executive under any Plan then in effect upon or subsequent to a termination of employment.

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