Retention Bonuses Contract Clauses (475)

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... Vesting 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. 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... 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. 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. 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. 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... be paid to you on the first regularly scheduled payroll date following the applicable Vesting Date. View More

Retention Bonuses. The Company will pay a retention bonus of fifty thousand dollars ($50,000) (the "Retention Bonus") to Employee in the first regular payroll cycle following the first to occur of the following events. a. If Employee continues to perform in satisfactory manner his duties and responsibilities and remains employed with the Company through December 1, 2013 (the "Qualifying Date"); or b. If the Employee's employment with the Company is terminated by the Company for any reason other than Cause (as... defined below) between the date hereof and the Qualifying Date. i. "Cause" shall mean (a) an intentional act of fraud, embezzlement or theft in connection with the Employee's duties to the Company or in the course of Employee's employment with the Company; (b) Employee's willful engagement in gross misconduct that is demonstrably and materially injurious to the Company; or (c) Employee's willful and continued failure to perform his duties with the Company (other than any such failure resulting due to physical or mental illness). For purposes of this definition, no act or failure to act on Employee's part shall be deemed "willful" unless done or omitted to be done by employee not in good faith and without reasonable belief that Employee's action or omission was in the best interests of the Company. View More

Retention Bonuses. 2.1.On October 19, 2017, Company will pay to Employee a one-time cash bonus in the amount of $125,000 (the "Retention Bonus"). 2.2.If Employee's employment ceases on or before the one-year anniversary of the Effective Date due to his or her termination with Cause, or resignation without Good Reason, the Employee must repay the full amount of the Retention Bonus (net of any taxes withheld by the Company from the original payment) to the Company within 30 days following such cessation. 2.3.If any... cash bonus is payable to the Employee pursuant to a transaction bonus agreement due to the consummation of an Approved Transaction (as defined in such agreement) prior to January 1, 2018 (the "Transaction Bonus"), the amount of such Transaction Bonus shall be reduced by the amount of the Retention Bonus. View More

Retention Bonuses. Subject to your continued employment on the first anniversary of the Closing, you will receive a retention bonus in an amount equal to the sum of (i) 150% of your Base Salary, plus (ii) your Target Bonus (such amount, the "Bonus Amount") on such anniversary of the Closing. In the event of your termination by the Company for any reason other than for Cause (including due to death or your permanent disability) or by you for Good Reason prior to the first anniversary of the Closing, subject to... Section 2(b) of the Severance Plan, the Bonus Amount will be paid to you on the date set forth in such Section 2(b). 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... 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

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