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 pool established by the Seller in the amount of $10 million intended to retain and incentivize key Business Employees, as initially set forth in Section 7.02(l) of the Disclosure Schedules.

Retention Pool has the meaning set forth in Section 4.10 of this Agreement.

Examples of Retention Pool in a sentence

The Council is participating in the 50% Business Rates Retention Pool for London, which provides scope for retaining additional growth while guaranteeing the level of income the Council would have received under the existing 50% Retention system.
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 decline in one-off funding reflects the impact of the COVID-19 pandemic on the London Business Rates Retention Pool, with the capital forecasting to not generate sufficient economic growth to maximise the top up and tariff system to secure a benefit for the member boroughs.
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.
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.

More Definitions of Retention Pool

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

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

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

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

Retention Pool. Is defined in Section 6.13.

Retention Pool has the meaning set forth in Section 2.14.

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