Common use of Stay Put Bonus Clause in Contracts

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.

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")) and Employee remains an employee of Employer through the effective closing date of the Acquisition, Employee shall earn and be paid a stay-put bonus by Employer or its successor in the amount of Fifty Two Hundred Thousand and No/100 Dollars ($50,000.00) if Employee remains an employee of Employer through the effective time of the Acquisition200,000.00). The stay-put bonusIf earned, if earned under the preceding sentence, such bonus shall be paid to Employee no later than ten (10) days after the effective closing date of the Acquisition.

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")) and Employee remains an employee of Employer through the effective closing date of 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 bonusIf earned, if earned under the preceding sentence, such bonus shall be paid to Employee no later than ten (10) days after the effective closing date of the Acquisition.