Retention Pool definition

Retention Pool means the retention pool to be established by Surviving Company that, among other things, shall have, or be subject to, the following non-exclusive terms and conditions: (A) the aggregate amount of the Retention Pool shall not exceed 3,750,000 Parent Class A ordinary shares; (B) Parent, following consultation with Company’s senior management, shall determine which Company employees participate in the Retention Pool and the amount each such participating Company employee is awarded thereunder; (C) each participating Company employee’s award shall become vested, earned, and payable 25% on the first anniversary of the Closing Date and 1/36th of the remaining amount on the applicable date of each month thereafter (or, in the case of February, the last day of the month if the Closing Date occurs on or after the 29th of a month), such that the entire Retention Pool allocable to such participating Company employee shall have become vested, earned, and paid over a period of four years from the Closing Date, provided that the Company employee has remained continuously employed with Surviving Company through the applicable vesting date; (D) each participating Company employee’s award shall be evidenced by an award agreement or certificate in such form as determined by Parent reflecting the foregoing provisions; and (E) payment of each vested and earned portion of such award shall be subject to applicable statutory deductions and tax withholdings.

Retention Pool means the value of the Bonus Escrow Fund on any given date.

Retention Pool has the meaning set forth in Section 4.10(b)(ii).

Examples of Retention Pool in a sentence

Survivor Life (Joint & Last Survivor UL) Plan: LOV Total Auto SRA Share of Ages Retention Pool Coverage* Auto Cover* ----- ---------- -------------- ------------ 0-75 $1,000,000 $9,000,000 $1,800,000 76-80 100,000 1,900,000 380,000 81-85 100,000 1,000,000 200,000 * Retention and automatic coverage will be based on the younger age.
The Chief Executive Officer of the Seller shall determine, subject to approval by the President and Chief Executive Officer of the Buyer, the Retention Employees eligible to receive retention awards from the Retention Pool (each, a “Retention Bonus”) and any criteria for payment of the Retention Bonus, and shall determine the final allocation of payments from the Retention Pool.
All releases of the Employee Retention Pool Amount will be subject to the terms hereof and of the Employee Retention Escrow Agreement; provided further, that in the event of any conflict between this Agreement and the Employee Retention Escrow Agreement, the terms of the Employee Retention Escrow Agreement will control.
HACSA has obtained insurance from the Housing Authorities Risk Retention Pool to cover substantially all known risks except for workers’ compensation and flood coverage.
The aggregate number of Retention Options to be granted as a percentage of the Retention Pool shall be determined as of the date hereof based on the Black-Scholes option pricing model at a .315 valuation (the "Valuation Method").

Retention Pool has the meaning given to that term in Section 7.04(f).

Retention Pool means Two Million U.S. Dollars ($2,000,000) in the aggregate.

Retention Pool shall have the meaning set forth in Section 6.2 of this Agreement.

Retention Pool has the meaning set forth in Section 2.14.

Retention Pool has the meaning ascribed to the term in clause 16(a);

Retention Pool. Is defined in Section 6.13.

Retention Pool shall have the meaning set forth in Section 6.06(d).