1. Retention bonus. The Company undertakes to pay employees the commitment bonuses provided for in this Section 1. This Agreement contains the entire agreement of the parties, and there are no other promises or conditions in any other agreement, whether oral or written, with respect to the subject matter of this Agreement. This Agreement supersedes all prior written or oral agreements between the parties. As part of the termination of the employment relationship with us, we and Ms. Wilkin entered into the Wilkin Separation Agreement, under which she received the severance pay specified in her employment contract and special retention bonus agreement. These payments included (i) a lump sum payment of $515,000 equivalent to 12 months of their base salary at the time of termination, (ii) a lump sum payment of $7,000, the costs corresponding to our outplacement services package, and (iii) an accelerated payment of their deductible premium of $2,000,000. We received full authorization of claims in our favor under Wilkin`s separation agreement, and all of Ms. WilkinsC`s units were forfeited or repurchased for $0. This letter constitutes the entire Agreement and completely supersedes any prior agreements or understandings with respect to the Retention Bonus. You represent and acknowledge that you have not relied upon any statements or representations not made herein by CIT or any of its officers, directors, employees, agents, agents or attorneys with respect to the retention bonus. (b) If the employee remains actively employed by the Bank until the second anniversary of the completion of the merger (second retention date) and continues to work with the Bank on a full-time basis, the Bank will pay the employee a deductible bonus equal to the gross lump sum of fifty thousand and not/$100 ($50,000.00), less applicable deductions and deductions required by the applicable federal government, national and local law (second retention premium).
The first retention bonus and the second retention bonus are collectively referred to in this agreement as the retention bonus. For the purposes of this Agreement, the retention date refers to the first retention date or the second retention date. Good employees are valuable. If you want to encourage an employee to stay in your company, you can use an employee retention agreement. It describes the agreement between the employee and the company that the employee stays in the company for a certain period of time and receives a guaranteed retention bonus (even if the company may face a buyout or change in direction or ownership, which could ultimately result in the employee losing a job). Competition Market Research), which addresses the fact that as a new investor, he would not receive long-term incentive bonuses under the long-term incentive plan until 2021 (for the 2018-2020 performance period) and would not be entitled to an annual incentive from the management`s annual incentive plan before 2019 (for the 2018 plan year). The retention agreement serves to strengthen and promote Mr. Henry to us as a member of the senior management team and to ensure that we will retain his services in the key role of overseeing all of Oncor`s legal, regulatory and legislative efforts.
The retention agreement provided for an initial retention bonus of (A) (i) $334,750, multiplied by the results of the 2017 Annual Executive Incentive Plan scorecard (95.8%), plus (ii) $758,080 multiplied by the results of the 2015-2017 Long-Term Incentive Plan scorecard (103.6%), multiplied by (B) the number of days between Mr. Henry`s first day of employment and December 31, 2018 (291), divided by (C) 306. In accordance with the terms of the retention agreement, Mr. Henry received $1,051,843 in March 2018 under the retention agreement, which is the first retention bonus. The agreement also provides for the payment of future retention bonuses of $758,080, multiplied by the approved results of the Long-Term Incentive Plan Dashboard for each of the 2016-2018 and 2017-2019 performance periods, payable on March 1, 2019 and March 1, 2020, respectively, according to Mr. Henry continued to hold his employment and performed his professional duties as directed by Oncor. The retention contract provides that in the event that Mr Henry von Oncor`s employment relationship is terminated for good cause before 1 March 2020 or if Mr Henry ends without just cause, all unpaid deductible premiums will be immediately forfeited. In the event of termination of employment without notice by Oncor or dismissal of Mr. Henry for cause, all unpaid deductible premiums are immediately vested and payable on a pro rata basis, calculated in accordance with the long-term incentive plan. Retention Bonus After 48 months after starting your employment with Petco Animal Supplies Stores, Inc., you will receive $2,000,000 as a retention bonus. You must be employed by Petco at the time the bonus is withdrawn in order to receive this payment. Any controversy or dispute arising out of or in connection with this Agreement shall be resolved by binding arbitration in accordance with the then-current arbitration rules of the American Arbitration Association.
The Parties shall elect a mutually acceptable arbitrator who is familiar with matters relating to the subject matter of this Agreement. In the event that the parties are unable to agree on such a selection, each party shall elect an arbitrator and the two arbitrators shall elect a third arbitrator one after the other, all three of whom shall jointly preside over the case. The arbitration shall take place in a reasonably central location between the parties or otherwise mutually agreed upon between the parties. All documents, documents and information in the possession of each party and relevant in any way to the dispute will be made available to the other party for review and copy no later than 30 days after the delivery of the notice of arbitration. The arbitrator(s) shall not have the power to modify any provision of this Agreement or to award punitive damages. The arbitrator(s) have the power to issue binding injunctions and injunctions in the arbitration. The decision of the arbitrator(s) is final and binding on the parties, and the judgment may be registered in any court of competent jurisdiction in accordance with the decision. The arbitration agreement is particularly binding under applicable arbitration law.
During the continuation of any arbitration, the parties shall continue to perform their respective obligations under this Agreement. InvenSense, Inc. (the Company) has approved the payment of a bonus (a retention bonus) for you. This written agreement sets out the terms of your retention bonus, including the conditions you must meet to receive your retention bonus. This written agreement also describes certain other indemnification agreements. 1. Retention bonus. The employee is entitled to receive a retention bonus of three hundred and five thousand four hundred and twenty-four and 00/100 dollars (305,424.00 USD) (“Retention Bonus”) in accordance with the terms of this Agreement. If the employee remains employed until the retention date, the retention bonus will be paid within 15 days of the 30th birthday. Paid to the employee in September 2020. The Company has approved a one-time retention bonus of $755,550 (your retention bonus). Your deductible premium will accrue in respect of 50% of the amount if you are continuously employed by the Company until February 7, 2016 (date of the first acquisition) and in respect of the remaining 50% of the amount if you are continuously employed by the Company until February 7, 2017 (final year date).
In the event that you voluntarily terminate your employment or the Company terminates your employment for cause (as defined below), you will not receive the then-earned portion of your retention bonus. In the event of an acquisition, payment of the relevant portion of your retention bonus by the Company will be made in cash, less applicable taxes and other withholding taxes, within 30 days of the date of initial or final acquisition. Premium taxes remain your sole responsibility. 10. This Agreement constitutes the entire agreement of the parties with respect to the provision of an employee by the Company. This Agreement supersedes all prior or contemporaneous discussions, statements, correspondence or agreements, whether oral or written, relating to the Retention Bonus. All other agreements relating to the Employee`s employment will remain in full force and effect. Any changes to this Agreement must be made in writing and signed by both parties. Good employees are valuable. If you want to encourage an employee to stay in your company, you can use an employee retention agreement.
It describes the agreement between the employee and the company. Learn more 2nd retention bonus. The retention bonus offered to the employee is $300,000.00 (subject to section 9(e) below and any other applicable deduction) paid at 50% in March 2018 and at 50% in March 2019 on the same day payments are paid under the Teva Premium Plan, provided that the employee remains reputable until the date of payment and complies with the terms of this Agreement. 1. Payment of the retention bonus. Subject to compliance with the conditions set out below, you will receive a retention bonus of $, payable in a lump sum within thirty (30) days of the previous day of the 31st day. March 2019 or the date of a change of control as defined in your share option award letter (this earlier date, the date of acquisition). .