Common use of Transition Bonus Clause in Contracts

Transition Bonus. Executive shall receive two transition bonuses (each, a “Transition Bonus”), less applicable withholdings and deductions, in the amount of $20,000 each. The Transition Bonuses shall be paid in a lump sum on March 1st, 2024 (the “First Transition Bonus”) and May 1st, 2024, provided that Executive is employed by the Company on such dates, except as otherwise provided herein.

Appears in 2 contracts

Sources: Employment Agreement (Solidion Technology Inc.), Employment Agreement (Solidion Technology Inc.)

Transition Bonus. Employer shall pay to Executive shall receive two (2) transition bonuses (each, a “Transition Bonus”), less applicable withholdings and deductions, in the amount of $20,000 each. The Transition Bonuses shall be paid in a lump sum 350,000, payable on March 1steach of October 1, 2024 2013 (the “First Transition Bonus”) and May 1stOctober 1, 20242014; provided that, except as otherwise provided that for herein, Executive is employed by remains an employee of the Company on such dates, except as otherwise provided herein.

Appears in 1 contract

Sources: Executive Employment Agreement (Aspect Software Group Holdings Ltd.)

Transition Bonus. Executive shall receive two one transition bonuses bonus (each, a the “Transition Bonus”), less applicable withholdings and deductions, in the amount of $20,000 each63,935.89. The Transition Bonuses Bonus shall be paid in a lump sum on March 1st, 2024 (the “First Transition Bonus”) and May 1st, 2024, provided that Executive is employed by the Company on such datesEffective Date, except as otherwise provided herein.

Appears in 1 contract

Sources: Employment Agreement (Solidion Technology Inc.)