Common use of Conditions to Payment Clause in Contracts

Conditions to Payment. To be eligible to receive such Annual Bonus, the Executive must (I) remain continuously employed with and by the Company (or any member of the Company Group) through the last day of the fiscal year to which the Annual Bonus relates, and (II) be in good standing with the Company (and all members of the Company Group) (i.e., not under any type of performance improvement plan, disciplinary suspension, final warning, or the like) as of the last day of the fiscal year to which the Annual Bonus relates. Unless otherwise provided in this Agreement, if the Executive incurs a termination of employment prior to the last day of the fiscal year to which the Annual Bonus relates, the Executive shall not be entitled to any Annual Bonus for such fiscal year.

Appears in 10 contracts

Sources: Executive Employment Agreement (Trulieve Cannabis Corp.), Executive Employment Agreement (Trulieve Cannabis Corp.), Executive Employment Agreement (Trulieve Cannabis Corp.)

Conditions to Payment. To be eligible to receive such Annual Bonus, the Executive must (I) remain continuously employed with and by the Company (or any member of the Company GroupCompany) through the last day of the fiscal year to which the Annual Bonus relates, and (II) be in good standing with the Company (and all members of the Company Groupin the same controlled group) (i.e., not under any type of performance improvement plan, disciplinary suspension, final warning, or the like) as of the last day of the fiscal year to which the Annual Bonus relates. Unless otherwise provided in this Agreement, if the Executive incurs a termination of employment prior to the last day of the fiscal year to which the Annual Bonus relates, the Executive shall not be entitled to any Annual Bonus for such fiscal year.

Appears in 3 contracts

Sources: Executive Employment Agreement (Aspire Biopharma Holdings, Inc.), Executive Employment Agreement (Aspire BioPharma Inc.), Executive Employment Agreement (Aspire BioPharma Inc.)

Conditions to Payment. To be eligible to receive such Annual Bonus, the Executive Employee must (I) remain continuously employed with and by the Company (or any member of the Company Group) through the last day of the fiscal year to which the Annual Bonus relates, and (II) be in good standing with the Company (and all members of the Company Groupin the same controlled group) (i.e., not under any type of performance improvement plan, disciplinary suspension, final warning, or the like) as of the last day of the fiscal year to which the Annual Bonus relates. Unless otherwise provided in this Agreement, if the Executive Employee incurs a termination of employment prior to the last day of the fiscal year to which the Annual Bonus relates, the Executive Employee shall not be entitled to any Annual Bonus for such fiscal year.

Appears in 2 contracts

Sources: Employment Agreement (Greenlane Holdings, Inc.), Employment Agreement (Greenlane Holdings, Inc.)

Conditions to Payment. To be eligible to receive such Annual Bonus, the Executive Employee must (Ii) remain continuously employed with and by the Company (or any member of the Company Group) through the last day of the fiscal year to which the Annual Bonus relates, and (IIii) be in good standing with the Company (and all members of the Company Group) , (i.e., not under any type of performance improvement plan, disciplinary suspension, final warning, or the like) as of the last day of the fiscal year to which the Annual Bonus relates. Unless otherwise provided in this Agreement, if the Executive Employee incurs a termination of employment prior to the last day of the fiscal year to which the Annual Bonus relates, the Executive Employee shall not be entitled to any Annual Bonus for such fiscal year.

Appears in 1 contract

Sources: Employment Agreement (Greenlane Holdings, Inc.)