Transition Bonus Agreement Sample Contracts

FORM TIER 1 TRANSITION BONUS AGREEMENT
Transition Bonus Agreement • December 14th, 2006 • Integral Systems Inc /Md/ • Services-computer integrated systems design • Maryland

THIS BONUS AGREEMENT (“Agreement”) is made as of this day of 2006 (the “Effective Date”), by and between , an individual (“EMPLOYEE”), and Integral Systems, Inc., a Maryland corporation (“INTEGRAL” or the “Company”), with reference to the following facts:

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TRANSITION BONUS AGREEMENT
Transition Bonus Agreement • July 7th, 2016 • MTS Systems Corp • Measuring & controlling devices, nec • Minnesota

This TRANSITION BONUS AGREEMENT, dated as of July 6, 2016 (this “Agreement”), between MTS Systems Corporation, (the “Employer”), and John Emholz (the “Employee”) sets forth the terms of a bonus (the “Stay Bonus”) and other benefits to be paid to the Employee by the Employer subject to the terms and conditions set forth herein.

TRANSITION BONUS AGREEMENT
Transition Bonus Agreement • February 3rd, 2011 • Symmetry Medical Inc. • Orthopedic, prosthetic & surgical appliances & supplies

This Transition Bonus Agreement (the “Agreement”) between Symmetry Medical Inc. (“Symmetry”) and _________________ (“Executive”) is made this ____ day of _____, 2011 under the following terms and conditions:

WITNESSETH: -----------
Transition Bonus Agreement • September 30th, 1996 • Firearms Training Systems Inc
Date] [Name] [Address] Dear [__________]:
Transition Bonus Agreement • October 15th, 2013 • Allegion PLC • Services-detective, guard & armored car services

This Agreement (“Agreement”) by and between Ingersoll-Rand plc (hereinafter referred to as “IR” or “Company”) and you sets forth the specific payments for you should IR fully and successfully separate the residential security and commercial security businesses as described in the Company’s announcement on December 10, 2012 (collectively, “Security Business”) to new ownership through a spin-off, merger, sale or other similar transaction or series of transactions (collectively, the “Spin-off”).

TRANSITION BONUS AGREEMENT
Transition Bonus Agreement • February 25th, 2021 • Albany International Corp /De/ • Broadwoven fabric mills, man made fiber & silk • New York

THIS AGREEMENT is executed as of the dates set forth below but with effect as of January 15, 2021, by and between Albany International Corp., a Delaware corporation having an office and principal place of business at 216 Airport Drive, Rochester, New Hampshire, (hereinafter referred to as “Albany”) and David M. Pawlick (hereinafter referred to as “Employee”).

EXHIBIT 10.22-01 Transition Bonus Agreements The Transition Bonus Agreements entered into by the Company with 13 employees of the Company are identical in all material respects to Exhibit 10.22.
Transition Bonus Agreement • November 5th, 1996 • Firearms Training Systems Inc • Services-management consulting services

The Transition Bonus Agreements entered into by the Company with 13 employees of the Company are identical in all material respects to Exhibit 10.22.

DATE] [Name] [Address] Dear [___________]:
Transition Bonus Agreement • October 15th, 2013 • Allegion PLC • Services-detective, guard & armored car services

This Agreement (“Agreement”) by and between Ingersoll-Rand (China) Investment Co., Ltd. (hereinafter referred to as “IR” or “Company”) and you sets forth the specific payments for you should IR fully and successfully separate the residential security and commercial security businesses as described in the Company’s announcement on December 10, 2012 (collectively, “Security Business”) to new ownership through a spin-off, merger, sale or other similar transaction or series of transactions (collectively, the “Spin-off”).

FORM TIER 3 TRANSITION BONUS AGREEMENT
Transition Bonus Agreement • December 14th, 2006 • Integral Systems Inc /Md/ • Services-computer integrated systems design • Maryland

THIS BONUS AGREEMENT (“Agreement”) is made as of this day of 2006 (the “Effective Date”), by and between , an individual (“EMPLOYEE”), and Integral Systems, Inc., a Maryland corporation (“INTEGRAL” or the “Company”), with reference to the following facts:

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