The “Designated Payment” shall be equal to $325,000 less applicable taxes and withholdings.
2.
The “Specified Bonus” shall be equal to $400,000 less applicable taxes and withholdings.
3.
Within 10 days after the date hereof, HRG shall pay you a one-time bonus equal to $100,000, less applicable taxes and withholdings and for the avoidance of doubt you shall not receive and shall have no rights to receive any relocation payments whether pursuant to your employment agreement or otherwise.
