Retention Bonuses Clause Example with 4 Variations from Business Contracts

This page contains Retention Bonuses clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
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
Found in CPI Card Group Inc. contract

Variations of a "Retention Bonuses" Clause from Business Contracts

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
Found in Jones Energy, Inc. contract
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
Found in CPI Card Group Inc. contract
Retention Bonuses. Subject to the terms and conditions set forth herein, you will receive a cash lump sum payment in the amount of $[XXX] $710,700 (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 in Control (the "Vesting Date"). Date) You agree that in the event your employment with the Company terminates for any reason other than a Qualifying Termination (a "Terminatio...n") 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 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
Found in CPI Card Group Inc. contract
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 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 or 13, 2020 and 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 ...alifying 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 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
Found in CPI Card Group Inc. contract