Common use of Change in Control Bonus Clause in Contracts

Change in Control Bonus. Subject to Executive’s continued employment with the Company through the occurrence of the first Change in Control that occurs no later than December 31, 2013, the Company shall pay Executive a lump sum cash payment of $ (the “Change in Control Bonus”) within five days following such Change in Control. The Change in Control Bonus shall be subject to all applicable tax and other legally-required withholdings.

Appears in 2 contracts

Sources: Change in Control Bonus Agreement (Veramark Technologies Inc), Change in Control Bonus Agreement (Veramark Technologies Inc)

Change in Control Bonus. Subject to Executive’s continued employment with the Company through the occurrence of the first Change in Control that occurs no later than December 31April 1, 2013, the Company shall pay Executive a lump sum cash payment of $ $1 million (the “Change in Control Bonus”) within five (5) days following such Change in Control. The Change in Control Bonus shall be subject to all applicable tax and other legally-required withholdings.

Appears in 1 contract

Sources: Change in Control Bonus Agreement (Integral Systems Inc /Md/)