Common use of Vesting of Retention Bonus Clause in Contracts

Vesting of Retention Bonus. The Company and the Employee agree that the stock conveyed to Employee under paragraph A of this Agreement, shall be conveyed to the Employee January 1, 2008. However, should the Employee voluntarily resign his position with Intecon before twenty-four months from the execution of this Agreement, the Employee will forefeit one-twenty fourth of this retention stock bonus for each month that remains on the 24 months of his initial employment contract. Upon his resignation from Intecon, the Employee agrees to immediately return such forfeited stock to the Company.