Transition Payment. In the first company pay cycle following your Start Date, you shall receive a one-time additional payment (the “Transition Payment”) in the amount of $65,000, less required deductions for federal and state taxes and other applicable withholdings. If, prior to the two-year anniversary of your Start Date, you voluntary terminate your employment and such voluntary termination does not qualify as a “Resignation for Good Reason” (as defined below) or your employment is terminated by the Company for “Cause” (as defined below) such Transition Payment shall be repaid in full within thirty (30) days following the date your employment terminates.
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Transition Payment. In Following your commencement of employment with the first company pay cycle following Company on September 16, 2019 (your “Start Date”), you shall receive the Company made a one-time additional payment to you of $65,000 (the “Transition Payment”) in the amount of $65,000), less required deductions for federal and state taxes and other applicable required withholdings. If, prior to the two-year second anniversary of your Start Date, you voluntary voluntarily terminate your employment and such voluntary termination does not qualify as a “Resignation for Good Reason” Reason (as defined below) or your employment is terminated by the Company for “Cause” Cause (as defined below) such ), you shall repay the Transition Payment shall be repaid in full within thirty sixty (3060) days following the date your employment terminates.
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