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Annual Bonuses
Annual Bonuses contract clause examples

Assuming all conditions are met, Retention Bonus A will be paid as soon as practicable in March 2019 and Retention Bonus B will be paid no later than March 15, 2019, and will be subject to withholding taxes as required by law. Retention Bonus A and Retention Bonus B (collectively, the “Retention Bonuses”) will be payable in addition to your regular annual salary, benefits and participation in the Company’s incentive compensation plans. Since the Retention Bonuses represent unique payments to you, the Retention Bonuses will not be considered in calculating compensation-related benefits (e.g., pension benefits).

Assuming all conditions are met, Retention Bonus A will be paid as soon as practicable in April 2018 and Retention Bonus B will be paid no later than March 15, 2018, and will be subject to withholding taxes as required by law. The Retention Bonuses will be payable in addition to your regular annual salary, benefits and participation in the Company’s incentive compensation plans. Since the Retention Bonuses represent unique payments to you, the Retention Bonuses will not be considered in calculating compensation-related benefits (e.g., pension benefits).

Assuming all conditions are met, the Retention Bonus will be paid by March 31, 2019 and will be subject to withholding taxes as required by law. The Retention Bonus will be payable in addition to your regular annual salary, benefits and participation in the Company’s incentive compensation plans; provided, however, you will not be a participant in the Performance Recognition Plan in 2018. Since the Retention Bonus represents a unique payment to you, the Retention Bonus will not be considered in calculating compensation-related benefits (e.g., pension benefits).

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