Retention Bonus Payments means the payments to be made by the Company at Closing and approximately three months following the closing pursuant to the Retention Bonus Plan to certain employees of the Company in up to the amounts set forth in item 10 of Schedule 4.13(h) (as amended by EXHIBIT B).
Retention Bonus Payments means both the First Retention Bonus and the Second Retention Bonus, as such terms are defined in Subsections 1(a) and (b), respectively.
Retention Bonus Payments has the meaning given to it in Clause 15.17(b);
Examples of Retention Bonus Payments in a sentence
New York, New York 10012 T(212) 364 6490 chobani.com Jason Blaisure Dear Jason, AUGUST 2018 We are pleased to inform you of our decision to award you with Retention Bonus Payments, as a component of your Total Compensation package.
Audit Procedures for Support Coordination Workforce Retention Bonus Payments 1.
The Retention Holdback Amount shall be held by the Buyer to satisfy any Retention Bonus Payments, and any employer payroll Taxes due thereon, that the Company is required to make following the Closing Date.
Should Chobani implement a long term incentive program, these Retention Bonus Payments would cease.
The reason this period was chosen in this study is that it is expected to avoid the occurrence of a confounding effect on stock prices and trading volume of company shares during the observation period.
More Definitions of Retention Bonus Payments
Retention Bonus Payments means the aggregate amount of retention bonuses actually paid by the Company pursuant to the Retention Bonus Agreements which have been entered into and which are in full force and effect at the time of such payment.
Retention Bonus Payments mean the retention bonuses payable pursuant to the form Retention Bonus Letter, attached hereto as Schedule C, to certain Transferred Business Employees in the amounts as set forth on Schedule 9.1(e) to the Seller Disclosure Letter.
Retention Bonus Payments means those retention bonuses payable in the amounts and to the individuals set forth in Schedule F, by Fission or Xxxxxxx, as the case may be;
Retention Bonus Payments means the amount actually paid under the terms of the Retention Bonus Agreements due to employees being employed on December 31, 2013 (“2013 Bonus Payments”) and December 31, 2014 (“2014 Bonus Payments”).
Retention Bonus Payments. $1,536,800. Executive shall receive 50% of this amount upon the first anniversary of the Effective Time and the remaining 50% upon the second anniversary of the Effective Time. EXHIBIT B OPTIONS TO BE GRANTED TO JAMES WILLARD (the "Executive") Xxxxxx xx Options: 231,200 shares of common stock of Kellogg. Per-share exercise price: The "Fair Market Value," as defined in the LTIP, of a share of common stock of Kellogg on the grant date. Vesting schedule before termination of employment as follows: (1) 50% of the Options vest on January 1, 2002 if all of the following performance conditions are achieved for calendar year 2001: (a) Net Sales Value (NSV) growth of 3% over the preceding 12 month period, (b) EBITDA growth of 12% over the same period, and (c) effective integration and testing of Rice Krispie Treats, Snackums, Nutrigrain Bars and other Kellogg products, from warehouse to direct store delivery; and (2) an additional 25% of the Options vest on January 1, 2003 if both of the following performance conditions are achieved for calendar year 2002: (a) NSV growth of 5% (as measured against an NSV for 2001 that equals the annualized sales of Kellogg products under the control of the Company plus the total sales of Company products) and (b) EBITDA growth of 15% over the same period. If any of the performance conditions are not achieved for a given year, the Options available for vesting in that year will be made available for vesting in the subsequent year. All Options will vest on the second anniversary of the Effective Time regardless of the achievement of the performance conditions provided the Executive's employment has not previously terminated for any reason. Effect of a termination of the Executive's employment: o Termination of employment by the Company without Cause or by the Executive for Good Reason: A percentage of the Executive's unvested Options vest, equal to the percentage determined by dividing (i) the number of calendar months ending during the period from the Effective Time to the Date of Termination, by (ii) the number of calendar months ending in the period between the Effective Time and the second anniversary thereof. Vested Options shall remain exercisable for one year from the Date of Termination. o Termination of employment by the Company for Cause or by the Executive without Good Reason: all Options (whether vested or not) are forfeited on the Date of Termination. o Termination of employment due to the Executive's Retirement (as defi...
Retention Bonus Payments means the retention bonus payable to (i) each Key Employee in an amount equal to [***] on the date that is [***] months after the Closing Date, assuming continued employment with the Buyer or the Company through such date and (ii) each Non-Key Employee in an amount equal to [***] of such Non-Key Employee’s salary on the date that is [***] months after the Closing Date, assuming continued employment with the Buyer or the Company through such date.
Retention Bonus Payments means the aggregate amount of the retention bonus payments made to each of (i) Xxxxxx Xxxxxx, (ii) Xxxxxx X. Xxxxxxxxx, (iii) Xxxxxxx Xxxxxx, (iv) Xxxx Xxxxx, (v) Xxxx Xxxxxxxx and (vi) Xxxxxxxx Xxxxx, pursuant to the terms and conditions of the applicable Employment Agreement.