BONUS AND EQUITY. 7.1. The Executive may while employed by the Company be entitled to an equity incentive and to be paid a bonus of such amount and on such terms as may be agreed between the Company and the Executive and to be set out in a separate agreement between the Company and the Executive.
7.2. The Company reserves the right in its absolute discretion to vary the terms of and/or the measurement criteria of bonus payable under this Agreement.
BONUS AND EQUITY. 7.1. The Executive may while employed by the Company be entitled to an equity incentive and to be paid a bonus of such amount and on such terms as may be agreed between the Company and the Executive and to be set out in a separate agreement between the Company and the Executive.
7.2. The Company reserves the right in its absolute discretion to vary the terms of and/or the measurement criteria of bonus payable under this Agreement.
7.3. The Executive shall receive a one-off signing bonus in the sum of £20,000 which shall be payable monthly in arrears on the last business day of each month or the nearest working day before that.
BONUS AND EQUITY. 10.1 The Company does not currently offer any bonus scheme. Notwithstanding this, the Company may at its absolute discretion from time to time pay a bonus to the Employee at such level, on such conditions and at such time as the Company may decide at its absolute discretion. The factors that will influence any bonus grant are primarily performance. It is noted that a bonus target may be set, at the Company’s discretion, and thereafter it may be changed if and when a Board compensation committee is formed and provides a view.
10.2 In relation to any bonus, the Company may suspend, alter or discontinue any bonus payment(s) or any bonus plan and its eligibility requirements at any time (whether generally or in relation to the Employee only) at its absolute discretion. If the Employee receives any bonus payment the Company is not obliged to make any further bonus payments and any bonus payment will not become part of the Employee's contractual remuneration or fixed salary.
10.3 In order to be eligible to receive a bonus payment, the Employee must be in the Company's employment and not under notice, given or received on the date that the bonus is paid. Bonus entitlement does not accrue in the course of a year, and the Employee is not entitled to payment of a bonus, or any pro rata portion of it, if the Employee leaves employment prior to the date that the bonus is paid.
10.4 The Employee shall not be eligible to be considered for any bonus nor shall any bonus be paid if the Employee is subject to any disciplinary action or investigation at the date any bonus is being considered and/or at the bonus payment date (as applicable) although the Company may reconsider the matter upon the conclusion of the disciplinary action or investigation in question.
10.5 Unless otherwise agreed upon between the parties, the Company will pay Employee a one-time only signing bonus in the amount of $90,000, less applicable deductions and withholdings (the “Signing Bonus”) on the Commencement Date. If the Employee terminates his employment with the Company prior to completing three (3) months of service, the Employee agrees the Signing Bonus is forfeited and must be repaid in full to the Company within seven (7) days of Employee’s last day of employment and the Company reserves the right to withhold any payment owing to the Employee to ensure the debt is received.
10.6 Subject to the Company and the Employee entering into an award agreement consistent with the then current plan of th...
BONUS AND EQUITY
