Example ContractsClausesRetention Bonus
Retention Bonus
Retention Bonus contract clause examples

Retention Bonus. The Company will pay you a non-recurring cash retention bonus of $100,000 (the “Retention Bonus”). While you will not actually earn the full amount of the Retention Bonus unless you remain a full-time employee through (or are subject to an Involuntary Termination, as defined below, prior to) the first anniversary of your Start Date, 50% of the Retention Bonus will be paid to you on the Company’s first ordinary payroll day following the thirty (30) day anniversary of your Start Date, and the remainder will be paid to you on the Company’s first ordinary payroll day following the six (6) month anniversary of your Start Date. Accordingly, if your employment ends for any reason (other than an Involuntary Termination) before the six-month anniversary of your Start Date (the “First Installment Period”) you shall be required to repay 8.33% of the Retention Bonus for each full or partial month remaining in the First Installment Period, and if your employment ends for any reason (other than an Involuntary Termination) on or after the six-month anniversary of your Start Date and before the one-year anniversary of your Start Date (the “Second Installment Period”) you shall be required to repay 8.33% of the Retention Bonus for each full or partial month remaining in the Second Installment Period, which repayment to be made within 30 days following such termination. In the event your employment ends on account of your Involuntary Termination, you will not be required to repay any portion of the Retention Bonus paid to you.

Retention Bonus. Subject to the terms and conditions set forth herein, the Company shall pay to Employee an amount equal to ​ (the “Retention Bonus”). The amount paid to Employee will be reduced by applicable taxes, deductions and withholdings and shall be payable in a single lump sum cash payment as soon as practicable following the Effective Date but in no event later than the date that is 30 days following the Effective Date.

Retention Bonus. Executive was paid a retention bonus in the amount of ​ Thousand and 0/100 Dollars (​.00) (the “Retention Bonus”), subject to the terms of this Agreement, in one payment, less all required withholdings, on October 29, 2020. Executive’s right to the Retention Bonus is subject to Executive’s continued employment (except as may be provided in Section 3(b) below) from August 18, 2020 until the expiration of the Retention Period (as defined below). By acceptance of this Agreement, Executive agrees and has previously agreed that the Retention Bonus is in lieu of any annual cash incentive bonus and any equity incentive bonus awards that otherwise may be payable to Executive in respect of the Company’s 2020 fiscal year.

Retention Bonus. You shall be entitled to a retention bonus of ​ (the “Performance Bonus”), payable according to the terms outlined below, subject to your continued employment through 1 year following the Effective Date.

Retention Bonus. Your Retention Bonus will be equal to six (6) months of your annual base salary in effect as of the Agreement Date, and will be earned by you provided that the Closing occurs and you remain actively employed with the Company, or an affiliate thereof, until the Closing and, if earned, will be payable to you in one lump sum cash payment on the first regularly scheduled payroll date following the Closing.

Retention Bonus. Provided that the Employee continues to be employed by the Company for the period commencing on the Effective Date, and continuing through each applicable Retention Vesting Date described herein, the Employee shall be entitled to the payment of a retention bonus (each a “Retention Bonus” and collectively the “Retention Bonuses”), each in the gross amount of $1,144,000.00.

Retention Bonus. Executive is eligible to receive a retention bonus in the amount of ​ Thousand and 0/100 Dollars (​.00) (the “Retention Bonus”), subject to the terms of this Agreement. The Retention Bonus will be paid to Executive in one payment, less all required withholdings, on October 29, 2020 provided that the Restructuring Support Agreement, dated as of August 18, 2020 (the “RSA”), by and among the Company and the Consenting Noteholders (as defined in the RSA) has not been terminated. Executive’s right to the Retention Bonus is subject to Executive’s continued employment (except as may be provided in Section 3(b) below) for the Retention Period defined below. By acceptance of this Agreement, Executive agrees that the Retention Bonus is in lieu of any annual cash incentive bonus and any equity incentive bonus awards that otherwise may be payable to Executive in respect of the Company’s 2020 fiscal year.

Retention Bonus. You will be eligible to earn an aggregate retention bonus of ​ (the “Retention Bonus”).

Retention Bonus. The Executive shall be eligible to earn a retention bonus in the amount of five million dollars ($5,000,000) (the “Retention Bonus”).

Retention Bonus. Employee is eligible to earn a retention bonus in the gross amount of Three Hundred Five Thousand Four Hundred Twenty-four and 00/100 Dollars ($305,424.00) (“Retention Bonus”) under the terms of this Agreement. If Employee remains employed through the Retention Date, the Retention Bonus will be paid to Employee within 15 days after September 30, 2020.

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