Grouped Into 13 Collections of Similar Clauses From Business Contracts
This page contains Retention Bonuses clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Retention Bonuses. Subject to the terms and conditions set forth herein, you will receive a cash lump sum payment in the amount of $[XXX] (the "Retention Bonus") as soon as administratively feasible following the Effective Date. The Retention Bonus will vest and become non-forfeitable on the earlier of March 15, 2021 or a Change of Control (the "Vesting Date"). You agree that in the event your employment with the Company terminates for any reason other than a Qualifying Termination (a "Termination") before the Ves...ting Date, you will be required to repay to the Company within ten (10) business days of such termination 100% of the gross amount of the Retention Bonus. Notwithstanding anything to the contrary contained herein, in the event of your Qualifying Termination before the Vesting Date and if you execute and do not revoke a customary release of claims in a form reasonably satisfactory to the Company, you will not be required to repay any portion of the Retention Bonus.View More
Retention Bonuses. Subject to the terms and conditions set forth herein, you will receive a cash lump sum payment in the amount of $[XXX] [ ] (the "Retention Bonus") as soon as administratively feasible following the Effective Date. The Retention Bonus will vest and become non-forfeitable on the earlier of March 15, 2021 or a Change of Control (the "Vesting Date"). prior to April 1, 2019. You agree that in the event your employment with the Company terminates for any reason other than a Qualifying Termination (a "...Termination") before the Vesting Date, April 1, 2020 (the "Completion Date"), you will be required to repay to the Company within ten (10) business days of such termination Termination 100% of the gross amount After-Tax Value of the Retention Bonus. Notwithstanding anything to the contrary contained herein, in the event of your Qualifying Termination before the Vesting Completion Date and if you execute and do not revoke a customary release of claims in a form reasonably satisfactory to the Company, you will not be required to repay any portion of the Retention Bonus. View More
Retention Bonuses. Subject to the terms and conditions set forth herein, you will receive a cash lump sum payment in the amount of $[XXX] $690,000 (the "Retention Bonus") as soon as on the next regularly scheduled administratively feasible payroll following the Effective Date. The Retention Bonus will vest and become non-forfeitable on the earlier of March 15, 2021 13, 2020 or a Change of in Control (the "Vesting Date"). Date) You agree that in the event your employment with the Company terminates for any reason o...ther than a Qualifying Termination (a "Termination") before the Vesting Date, you will be required to repay to the Company within ten (10) business days of such termination 100% of the gross amount After-Tax Value of the Retention Bonus. Notwithstanding anything to the contrary contained herein, in the event of your Qualifying Termination before the Vesting Date and if you execute and do not revoke a customary the release described in Section 6.2(e) of claims in a form reasonably satisfactory to the Company, Employment Agreement, you will not be required to repay any portion of the Retention Bonus. View More
Retention Bonuses. If Executive does not resign and is not terminated for Cause prior to the first, second or third anniversary of the Closing Date, the Company will pay to the Executive a retention bonus as described herein ("Retention Bonus"). The Company will pay the Retention Bonus in three equal amounts, with $12,000.00 payable on each of the first, second, and third anniversary of the Closing Date, for a total of $36,000.00, provided the Executive is actively employed with the Company on such dates. Twenty p...ercent (20%) of the Retention Bonus will be paid in cash and eighty percent (80%) of the Retention Bonus will be paid as Restricted Stock.View More
Retention Bonuses. If Executive does not resign and is not terminated for Cause prior to the first, second or third anniversary of the Closing Date, the Company will pay to the Executive a retention bonus as described herein ("Retention Bonus"). The Company will pay the Retention Bonus in three equal amounts, with $12,000.00 $20,900.00 payable on each of the first, second, and third anniversary of the Closing Date, for a total of $36,000.00, $62,700.00, provided the Executive is actively employed with the Company ...on such dates. Twenty percent (20%) of the Retention Bonus will be paid in cash and eighty percent (80%) of the Retention Bonus will be paid as Restricted Stock. View More
Retention Bonuses. The amount of your cash retention bonus will be equal to $777,500 USD (the "Retention Bonus"). The Retention Bonus will vest, subject to the conditions of this Agreement, as follows: (i) one-third ($259,167) will vest on December 15, 2020 and (ii) two-thirds ($518,333) will vest on the earlier to occur of (x) the consummation of a Sale Event (as defined below) and (y) December 1, 2021 (each such date, a "Vesting Date"). Subject to Section 2 below, the vested portion of the Retention Bonus will b...e paid to you on the first regularly scheduled payroll date following the applicable Vesting Date.View More
Retention Bonuses. The amount of your cash retention bonus will be equal to $777,500 $2,456,800 USD (the "Retention Bonus"). The Retention Bonus will vest, subject to the conditions of this Agreement, as follows: (i) one-third ($259,167) ($818,933) will vest on December 15, 2020 and (ii) two-thirds ($518,333) ($1,637,867) will vest on the earlier to occur of (x) the consummation of a Sale Event (as defined below) and (y) December 1, 2021 (each such date, a "Vesting Date"). Subject to Section 2 below, the vested po...rtion of the Retention Bonus will be paid to you on the first regularly scheduled payroll date following the applicable Vesting Date. View More
Retention Bonuses. Subject to the terms and conditions of this Agreement, the Associate shall be entitled to a retention bonus equal to ______________ Thousand Dollars ($____________.00) (the "Retention Bonus").
Retention Bonuses. Subject In exchange for your continued employment as outlined in Section 2 below, you will have the opportunity to the terms earn and conditions receive a cash bonus of this Agreement, the Associate shall be entitled to a retention bonus equal to ______________ Thousand Dollars ($____________.00) [_______], less applicable deductions and withholdings (the "Retention Bonus"). The Company will advance you 50% of the Retention Bonus ($[____________]) on March 31, 2022 and the remaining 50% of the R...etention Bonus ($[____________]) on July 31, 2022. View More
Retention Bonuses. Subject to The Company shall pay Executive the terms following amounts (the "Retention Award") on the dates indicated, provided Executive is in the employment of Company or an Affiliate on such date and conditions the Company performance criteria in Section 4 below are met: Payment Date Amount ________ ___, 20____ $_________ ________ ___, 20____ $_________ For purposes of this Agreement, "Affiliate" means an entity that is part of the Associate shall be entitled to a retention bonus equal to ___...___________ Thousand Dollars ($____________.00) (the "Retention Bonus"). Company's controlled group of corporations or that is under common control with the Company, within the meaning of sections 414(b) or (c) of the Internal Revenue Code of 1986, as amended. View More
Retention Bonuses. Company hereby agrees to pay Employee $131,250.00, payable in two installments with one half to be paid on March 1, 2018 and the remaining one half to be paid on September 1, 2018 ("Retention Bonus").
Retention Bonuses. Company hereby agrees to pay Employee $131,250.00, $172,526.00, payable in two installments with one half to be paid on March 1, 2018 and the remaining one half to be paid on September 1, 2018 ("Retention Bonus").
Retention Bonuses. The Company has determined that certain key employees will be necessary to support a planned or unplanned Change in Control. Accordingly, and subject to the terms and conditions below, the Executive will be eligible to receive a "Retention Bonus" equal to 50% of their Base Salary due to a planned or unplanned Change in Control, or significant corporate reorganization (the "Event"), in addition to any other benefits set forth in this Agreement. Company shall notify Executive in writing of the pla...nned Event and specific Retention Bonus given the Executive's then-applicable Base Salary, along with expected contributions of the Executive for the transaction (the "Event Notification"). Except as otherwise provided in subsections 6.1 and 6.2, the Retention Bonus will be earned upon issuance of the Event Notification and provided the Executive (a) is in continuous employment during the Event, (b) remains in good standing with the Company during this period, and (c) meets their specific objectives relative to the Event as established in the Event Notification. The Retention Bonus shall be paid within thirty (30) days of the Event's conclusion, subject to standard deductions and withholdings.2 6.1. If the Executive incurs a termination of employment due to death at least 12 months after the Effective Date and before payment of the Retention Bonus, the Executive's Beneficiary shall be paid a pro rata percentage of the payment that would become due at the end of the Change in Control event based on the date of the Executive's death. 6.2. If the Executive incurs a termination of employment due to Disability at least 12 months after the Effective Date and before payment of the Retention Bonus, the Executive shall be paid a pro rata percentage of the payment that would become following the date of the Executive's Disability, as follows: (a) If the Executive recovers from his or her Disability and returns to active employment with the Company prior to the first anniversary of his Disability, any Retention Bonus that was unpaid that occurred during the period of the Disability shall be paid on the first payroll date following the date on which the Executive returns to active employment provided that the Change in Control event has completed. In addition, the Executive will be treated as having been continuously employed by the Company during the period of his Disability. 1 Twenty-five percent (25%) of the 2017 annual cash bonus shall be paid to Executive at target in December 2017, with the remaining portion paid in Ql 2018 following a "true-up" based upon the Company's and Executive's actual performance. In the event Executive's Base Salary or Bonus Percentage changes during the year, Executive's cash bonus will be prorated for the applicable Base Salary and Bonus Percentage as was applicable during the year. For fiscal year 2017 only, Executive's Bonus Percentage will be fifty percent (50%). 2 It is recognized that not every Event closes or is completed as expected. For the avoidance of doubt, the Company's obligation to pay the Retention Bonus is established by virtue of issuing the Event Notification, even if the Event does not conclude as expected (i.e., a prospective buyer fails to close as established in a definitive purchase agreement or an IPO is pulled due to changes in market or business conditions). 2 7. Expenses. So long as Executive is employed hereunder, Executive shall be entitled to receive reimbursement for, or seek payment directly by the Company of, all reasonable business expenses incurred by Executive in accordance with applicable policies, practices and procedures of the Company.View More
Retention Bonuses. The Company has determined that certain key employees Executive will be necessary to support a planned or unplanned Change in Control. Sale Event. Accordingly, and subject to the terms and conditions below, the due to a planned or unplanned Sale Event, or significant corporate reorganization (the "Event"), Executive will be eligible to receive a "Retention Bonus" equal to 50% 100% of their his Base Salary due to a planned or unplanned Change in Control, or significant corporate reorganization (t...he "Event"), Salary, in addition to any other benefits set forth in this Agreement. The Company shall notify Executive in writing of the planned Event and specific Retention Bonus given the Executive's then-applicable Base Salary, along with expected contributions of the Executive for the transaction (the "Event Notification"). Except as otherwise provided in subsections 6.1 5.1 and 6.2, 5.2, the Retention Bonus will be earned upon issuance of the Event Notification and provided the Executive (a) is in continuous employment during the Event, Event unless Company terminates him for Cause as defined in Section 12(a)(v)(B) or (C), and (b) remains in good standing with the Company during this period, and (c) meets their its specific objectives relative to the Event as established in the Event Notification. The Retention Bonus shall be paid within thirty (30) days of the Event's conclusion, consummation, subject to standard deductions and withholdings.2 6.1. withholdings.1 5.1 If the Executive incurs a termination of employment due to death at least 12 months after the Effective Date and before receipt of an Event Notification but prior to payment of the Retention Bonus, the Executive's Beneficiary shall be paid a pro rata percentage of the payment Retention Bonus that would become due at and owing upon the end closing/consummation of the Change in Control event Event based on the date of the Executive's death. 6.2. If the Executive incurs a termination of employment due death in relation to Disability at least 12 months after the Effective Date and before payment of the Retention Bonus, the Executive shall be paid a pro rata percentage of the payment that would become following the date of the Executive's Disability, as follows: (a) If the Executive recovers from his or her Disability and returns to active employment with the Company prior to the first anniversary of his Disability, any Retention Bonus that was unpaid that occurred during the period of the Disability shall be paid on the first payroll date following time between the date on which the Executive returns to active employment provided that Event Notification and the Change in Control event has completed. In addition, the Executive will be treated as having been continuously employed by the Company during the period of his Disability. 1 Twenty-five percent (25%) consummation of the 2017 annual cash bonus shall be paid to Executive at target in December 2017, with the remaining portion paid in Ql 2018 following a "true-up" based upon the Company's and Executive's actual performance. In the event Executive's Base Salary or Bonus Percentage changes during the year, Executive's cash bonus will be prorated for the applicable Base Salary and Bonus Percentage as was applicable during the year. For fiscal year 2017 only, Executive's Bonus Percentage will be fifty percent (50%). 2 It Event. 1It is recognized that not every Event closes or is completed as expected. For the avoidance of doubt, the Company's obligation to pay the Retention Bonus is established by virtue of issuing the Event Notification, even if the Event does not conclude as expected (i.e., a prospective buyer fails to close as established in a definitive purchase agreement or an IPO is pulled due to changes in market or business conditions). 2 7. Expenses. So long as 4 5.2 If Executive is employed hereunder, incurs a termination of employment due to Disability after receipt of an Event Notification but prior to payment of the Retention Bonus, the Executive shall be entitled paid a pro rata percentage of the Retention Bonus that would become due and owing upon the closing/consummation of the Event based on the date of Executive's termination of employment in relation to receive reimbursement for, or seek payment directly the period of time between the date on the Event Notification and the consummation of the Event. Notwithstanding the foregoing, if Executive recovers from his Disability and returns to active employment with the Company prior to the first anniversary of his Disability, any Retention Bonus that was unpaid that occurred during the period of the Disability shall be paid on the first payroll date following the date on which the Executive returns to active employment provided that the Event has completed. In addition, for purposes of this subsection 5.2, the Executive will be treated as having been continuously employed by the Company of, all reasonable business expenses incurred by Executive in accordance with applicable policies, practices and procedures during the period of the Company. his Disability. View More
Retention Bonuses. If, during the Term, a Change in Control occurs and a Termination occurs upon or within twenty-four (24) months following the date of consummation of such Change in Control, the Employer shall pay to the Employee (within (30) days after the date of Termination) a bonus in a lump sum amount equal to the sum of (A) one and one-half (11⁄2) times the Employee's annual base salary in effect during the twelve (12) month period immediately preceding the date upon which a Change in Control occurs, plus ...(B) the average of the cash value of the compensation, other than the annual base salary, awarded to the Employee during the three (3) calendar years immediately preceding the date upon which the Change in Control occurs. In this Agreement, the "cash value of the compensation" shall be determined by the full amount or face value of the compensation award without reduction due to any restrictions, vesting periods or possible unasserted future clawbacks that may apply to the compensation.View More
Retention Bonuses. If, during the Term, a Change in Control occurs occurs, in recognition of the Employee's services during the period leading up to and a Termination occurs ending upon or within twenty-four (24) months following the date of consummation of such Change in Control, the Employer shall pay to the Employee (within thirty (30) days after the date of Termination) a Change in Control occurs) a bonus in a lump sum amount equal to the sum of (A) one and one-half (11⁄2) (1 1⁄2) times the Employee's annual b...ase salary in effect during the twelve (12) month period immediately preceding the date upon which a Change in Control occurs, plus (B) the average of the cash value of the compensation, other than the annual base salary, awarded to the Employee during the three (3) calendar years immediately preceding the date upon which the Change in Control occurs. In this Agreement, the "cash value of the compensation" shall be determined by the full amount or face value of the compensation award without reduction due to any restrictions, vesting periods or possible unasserted future clawbacks that may apply to the compensation. View More
Retention Bonuses. Subject to the terms and conditions set forth herein, you will receive a cash lump sum payment in the amount of $___________ (the "Retention Bonus"), payable within [3] days following the Effective Date. As a condition to receiving the Retention Bonus you hereby waive any and all participation in the Company's annual bonus plan for 2020. You agree that in the event your employment with the Company terminates for any reason other than a Qualifying Termination before March 31, 2021 (the "Retention... Date"), you will be required to repay to the Company within ten (10) business days of such termination 100% of the Retention Bonus. For the sake of clarity, you will not be required to repay the Retention Bonus if (i) you are terminated in a Qualifying Termination or (ii) you are employed by the Company on the Retention Date. At the option of the Company, all or part of the amount to be re-paid to the Company may be deducted from any amounts owed by the Company or any of its subsidiaries to you, including without limitation, any amounts owed as wages, salary, bonuses, equity or other incentive compensation or awards, expense reimbursements, and any other remuneration due for or on account of your employment with the Company or any subsidiary, provided, however, that no such deduction shall be made to the extent that it would result in a tax being owed pursuant to Section 409A of the Code.View More
Retention Bonuses. Subject to the terms and conditions set forth herein, you will receive a cash lump sum payment in the amount of $___________ (the "Retention Bonus"), payable within [3] 3 days following the Effective Date. As a condition to receiving the Retention Bonus you hereby waive any and all participation in the Company's annual bonus plan for 2020. You agree that in the event your employment with the Company terminates before January 1, 2022 for any reason other than a Qualifying Termination before March... 31, 2021 (the "Retention Date"), you will be required to repay all or a portion of the Retention Bonus to the Company within ten (10) business days of such termination (the "Clawback Amount"). For purposes of this Agreement, the Clawback Amount shall be: (a)in the event of a voluntary termination, the Clawback Amount will be a pro-rata portion of the Retention Bonus based upon the portion of the service period that has elapsed prior to the Retention Date (for example, if you remain employed for 90% of the period between the Effective Date and the Retention Date before your voluntary termination, the Clawback Amount will be 10% of the Retention Bonus); or (b)in the event of a termination for "Cause" (as defined below) or for any other termination that is not a Qualifying Termination, the Clawback Amount will be 100% of the Retention Bonus. For the sake of clarity, you will not be required to repay the Retention Bonus if (i) you are terminated in a Qualifying Termination or (ii) you are employed by the Company on the Retention Date. At the option of the Company, all or part of the amount to be re-paid to the Company may be deducted from any amounts owed by the Company or any of its subsidiaries to you, including without limitation, any amounts owed as wages, salary, bonuses, equity or other incentive compensation or awards, expense reimbursements, and any other remuneration due for or on account of your employment with the Company or any subsidiary, provided, however, that no such deduction shall be made to the extent that it would result in a tax being owed pursuant to Section 409A of the Code. View More
Retention Bonuses. Subject to the terms and conditions herein, the Company will provide you with a retention bonus in the gross amount of $1,550,000 ("Retention Bonus"). The Retention Bonus shall be payable in the following manner: The Retention Bonus shall be payable in a single lump sum to be paid in the next available payroll immediately following the Company's receipt of this Agreement signed by you. The Retention Bonus is subject to regular tax withholdings and other authorized deductions. This bonus will not... be treated as compensation for any purpose under any benefit plans or programs, unless statutorily required.View More
Retention Bonuses. Subject to the terms and conditions herein, the Company will provide you with a retention bonus in the gross amount of $1,550,000 ("Retention Bonus"). The Retention Bonus shall be payable in the following manner: The Following the Company's receipt of this Agreement signed by you, the Retention Bonus shall be payable in a single lump sum to be paid in the next last available payroll immediately following the Company's receipt of this Agreement signed by you. in calendar year 2019. The Retention ...Bonus is subject to regular tax withholdings and other authorized deductions. This bonus will not be treated as compensation for any purpose under any benefit plans or programs, unless statutorily required. View More
Retention Bonuses. In the event that you remain employed with Colfax or a Successor through the twelve (12) month anniversary of the (i) consummation of the Transaction or (ii) End Date in the event that the Transaction is not consummated on or before the End Date (either, the "Retention Date"), subject to the conditions provided in this Retention Agreement, then you shall receive a payment of $1,700,000.00 (your "Retention Bonus"), less applicable withholdings, to be paid in a lump-sum on the first regular payrol...l following the earlier of the six (6) month anniversary of (i) the consummation of the Transaction or (ii) the End Date (either, the "Payment Date"), subject to any applicable requirements of Internal Revenue Code §409A. However, in the event that you receive the Retention Bonus but, prior to the Retention Date, (y) your employment is terminated by you without Good Reason or without mutual consent by Colfax or a Successor or (z) Colfax or a Successor terminates your employment for Cause, then you will be required to repay fifty percent (50%) of the Retention Bonus, less applicable withholdings (the "Repayment Amount") to Colfax or a Successor, within thirty (30) days following your separation from employment with Colfax or a Successor. You agree that Colfax or a Successor may deduct the Repayment Amount from any compensation or expenses owed to you. 2. Payment of Retention Bonus Upon Termination. In the event that, prior to the Payment Date, (a) your employment is terminated by you with Good Reason after the consummation of the Transaction or with mutual consent by Colfax or a Successor, (b) Colfax or a Successor terminates your employment without Cause, or (c) upon your death, then Colfax or a Successor shall pay you (or your estate) the Retention Bonus, less applicable withholdings, to be paid in a lump-sum within sixty (60) days following your separation from employment. The payment of the Retention Bonus pursuant to this paragraph 2 shall be subject to and conditioned upon you (or your estate) delivering to Colfax or a Successor an executed copy of a general release of any and all claims you may have against Colfax or a Successor, its successors, assigns, affiliates, employees, officers, and directors, in form and substance satisfactory to Colfax or a Successor (the "Release"), the revocation period required by applicable law expiring without your revocation of the Release, and the Release becoming effective, enforceable, and irrevocable in accordance with its terms on or before the 60th day after the date of termination of employment.View More
Retention Bonuses. In the event that you remain employed with Colfax or a Successor through the twelve (12) month anniversary of the (i) consummation of the Transaction or (ii) End Date in the event that the Transaction is not consummated on or before the End Date (either, the "Retention Date"), subject to the conditions provided in this Retention Agreement, then you shall receive a payment of $1,700,000.00 $765,000 (your "Retention Bonus"), less applicable withholdings, to be paid in a lump-sum on the first regul...ar payroll following the earlier of the six (6) month anniversary of (i) the consummation of the Transaction or (ii) the End Date (either, the "Payment Date"), subject to any applicable requirements of Internal Revenue Code §409A. However, in the event that you receive the Retention Bonus but, prior to the Retention Date, (y) your employment is terminated by you without Good Reason or without mutual consent by Colfax or a Successor or (z) Colfax or a Successor terminates your employment for Cause, then you will be required to repay fifty percent (50%) of the Retention Bonus, less applicable withholdings (the "Repayment Amount") to Colfax or a Successor, within thirty (30) days following your separation from employment with Colfax or a Successor. You agree that Colfax or a Successor may deduct the Repayment Amount from any compensation or expenses owed to you. 2. Payment of Retention Bonus Upon Termination. In the event that, prior to the Payment Date, (a) your employment is terminated by you with Good Reason after the consummation of the Transaction or with mutual consent by Colfax or a Successor, (b) Colfax or a Successor terminates your employment without Cause, or (c) upon your death, then Colfax or a Successor shall pay you (or your estate) the Retention Bonus, less applicable withholdings, to be paid in a lump-sum within sixty (60) days following your separation from employment. The payment of the Retention Bonus pursuant to this paragraph 2 shall be subject to and conditioned upon you (or your estate) delivering to Colfax or a Successor an executed copy of a general release of any and all claims you may have against Colfax or a Successor, its successors, assigns, affiliates, employees, officers, and directors, in form and substance satisfactory to Colfax or a Successor (the "Release"), the revocation period required by applicable law expiring without your revocation of the Release, and the Release becoming effective, enforceable, and irrevocable in accordance with its terms on or before the 60th day after the date of termination of employment.View More
