Common use of Transition Bonus Clause in Contracts

Transition Bonus. The Employee shall be entitled to receive a $640,000 cash bonus payment for certain transition services to be performed by the Employee during the first year of employment (the “Transition Bonus”). The Transition Bonus will be paid in five installments pursuant to the following schedule: DATE AMOUNT November 30, 2006 $ 587,000 February 15, 2007 $ 13,250 May 15, 2007 $ 13,250 August 15, 2007 $ 13,250 November 15, 2007 $ 13,250

Appears in 1 contract

Samples: Employment Agreement (NCO Teleservices, Inc.)

AutoNDA by SimpleDocs

Transition Bonus. The Employee shall be entitled to receive a $640,000 515,000 cash bonus payment for certain transition services to be performed by the Employee during the first year of employment (the “Transition Bonus”). The Transition Bonus will be paid in five installments pursuant to the following schedule: DATE AMOUNT November 30, 2006 $ 587,000 421,000 February 15, 2007 $ 13,250 23,500 May 15, 2007 $ 13,250 23,500 August 15, 2007 $ 13,250 23,500 November 15, 2007 $ 13,25023,500

Appears in 1 contract

Samples: Employment Agreement (NCO Teleservices, Inc.)

Transition Bonus. The Employee shall be entitled to receive a $640,000 1,030,000 cash bonus payment for certain transition services to be performed by the Employee during the first year of employment (the “Transition Bonus”). The Transition Bonus will be paid in five installments pursuant to the following schedule: DATE AMOUNT November 30, 2006 $ 587,000 $405,000 February 15, 2007 $ 13,250 $156,250 May 15, 2007 $ 13,250 $156,250 August 15, 2007 $ 13,250 $156,250 November 15, 2007 $ 13,250$156,250

Appears in 1 contract

Samples: Employment Agreement (NCO Teleservices, Inc.)

Transition Bonus. The Employee shall be entitled to receive a $640,000 415,000 cash bonus payment for certain transition services to be performed by the Employee during the first year of employment (the “Transition Bonus”). The Transition Bonus will be paid in five installments pursuant to the following schedule: DATE AMOUNT November 30, 2006 $ 587,000 266,000 February 15, 2007 $ 13,250 37,250 May 15, 2007 $ 13,250 37,250 August 15, 2007 $ 13,250 37,250 November 15, 2007 $ 13,25037,250

Appears in 1 contract

Samples: Employment Agreement (NCO Teleservices, Inc.)

AutoNDA by SimpleDocs

Transition Bonus. The Employee shall be entitled to receive a $640,000 1,450,000 cash bonus payment for certain transition services to be performed by the Employee during the first year of employment (the “Transition Bonus”). The Transition Bonus will be paid in five installments pursuant to the following schedule: DATE AMOUNT November 30, 2006 $ 587,000 627,000 February 15, 2007 $ 13,250 205,750 May 15, 2007 $ 13,250 205,750 August 15, 2007 $ 13,250 205,750 November 15, 2007 $ 13,250205,750

Appears in 1 contract

Samples: Employment Agreement (NCO Teleservices, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!