Common Contracts
3 similar Transaction Bonus Agreement contracts by Hanover Direct Inc, Gentek Inc
GenTek Inc. 90 East Halsey Road Parsippany, NJ 07054 Tel 973 515 2455 Fax 973 515 3229 Date Dear: This Letter Agreement ("Letter Agreement") sets forth our understanding regarding the attached Term Sheet, which contains the terms of a potential...Transaction Bonus Agreement • November 15th, 2004 • Gentek Inc • Motor vehicle parts & accessories
Amendment Number 1Transaction Bonus Agreement • August 19th, 2002 • Hanover Direct Inc • Retail-catalog & mail-order houses
Exhibit 10.2 To: Tom Shull From: Charlie Messina Date: May 14, 2001 Dear Tom, This is to confirm that you shall be granted a transaction bonus equal to 50% of your annualized base salary payable to you under the Services Agreement dated as of December...Transaction Bonus Agreement • November 13th, 2001 • Hanover Direct Inc • Retail-catalog & mail-order houses
This is to confirm that you shall be granted a transaction bonus equal to 50% of your annualized base salary payable to you under the Services Agreement dated as of December 5, 2000, as amended, among Meridian Ventures, LLC, yourself and Hanover Direct, Inc. (the "Services Agreement") upon the occurrence of a Change of Control. "Change of Control" is defined in the Hanover Direct, Inc. Key Executive Eighteen Month Compensation Continuation Plan effective as of April 25, 2001, as amended (the "Plan"). For purposes of the benefits under the Plan and this letter agreement, the parties agree that your annualized base salary is $600,000. This bonus, payable in one lump sum on the date of closing of any transaction which constitutes a Change of Control, will be paid to you only if you are actively employed by the Company on the date the Change of Control occurs. Your voluntary termination or an involuntary termination for cause will cancel this obligation, the transaction bonus becoming null
