Common use of Transaction Bonus Clause in Contracts

Transaction Bonus. Within 10 days following the Effective Date, the Company shall pay to the Employee a lump sum cash payment in the amount of $500,000.

Transaction Bonus. Within 10 days following the Effective Date, the Company shall pay to the Employee a lump sum cash payment in the amount of $500,000250,000; provided, that the Employee is continuously employed by the Company through such date.

Transaction Bonus. Within 10 days following the Effective Date, the Company shall pay to the Employee a lump sum cash payment in the amount of $500,000100,000. Within 30 days after the occurrence of the Step-Up Event, the Company shall pay to the Employee an additional lump sum cash payment in the amount of $400,000 provided, that the Employee is continuously employed by the Company through the occurrence of the Step-Up Event.

Transaction Bonus. Within 10 days following the Effective Date, the Company shall pay to the Employee a lump sum cash payment in the equal to a pro rata amount of $500,000the Employee’s Base Salary for the period from the signing of the Original Employment Agreement by the parties hereto to the Effective Date.

Transaction Bonus. Within 10 days following the Effective Date, the Company shall pay to the Employee a lump sum cash payment in the amount of $500,000100,000; provided, that the Employee is continuously employed by the Company through the date of such closing.

Transaction Bonus. Within 10 days following the Effective Date, the Company shall pay to the Employee a lump sum cash payment in the equal to a pro rata amount of $500,000the Employee’s Base Salary for the period from the signing of this Agreement by the parties hereto to the Effective Date.