Employment Bonus Sample Clauses
An Employment Bonus clause sets out the terms under which an employee is eligible to receive a bonus, typically as an incentive for joining, remaining with, or achieving specific milestones at a company. This clause usually details the amount, timing, and conditions for payment, such as continued employment for a certain period or meeting performance targets. Its core function is to motivate and retain employees by providing a financial reward, thereby aligning employee interests with the employer’s goals and reducing turnover.
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Employment Bonus. Each employee covered by this agreement shall receive a one-time incentive bonus for dedication and service in the amount of two hundred fifty dollars ($250) to be paid the first pay period of December 2023.
Employment Bonus. Within seven calendar (7) days after the Start Date, the Corporation shall pay Executive a one-time sign-on bonus in the amount of $1,850,000 (the “Employment Bonus”). If Executive terminates his employment pursuant to Section 1(b) other than for Good Reason or due to Disability (or other than due to his death), or if Executive’s employment hereunder is terminated by the Corporation for Cause, in each case, prior to the first anniversary of the Start Date, Executive shall repay to the Corporation the entire Employment Bonus upon such termination. Such repayment shall be required to be made for the full amount set forth above and shall not be reduced for any taxes paid by Executive with respect to the Employment Bonus.
Employment Bonus. The Employer shall pay the Executive a one-time employment bonus equal to one hundred thousand dollars ($100,000.00), payable on the Effective Date.
Employment Bonus. Regions agrees to pay Associate a one-time lump sum payment in the amount of $630,000.00 as an employment bonus (“Employment Bonus”), subject to certain repayment obligations as described in Paragraph 4 below.
Employment Bonus. Within seven (7) business days after execution of this Agreement, the Corporation shall pay the Executive a one-time bonus in the amount of $300,000 (the “Employment Bonus”). If the Executive terminates his employment pursuant to Section 1(b) other than for Good Reason or without giving notice as required in 1(b), or if the Executive’s employment hereunder is terminated for Cause, in each case, within six (6) or twelve (12) months after the date hereof, the Executive shall repay to the Corporation the following amounts of the Employment Bonus:
(1) In the case of employment termination within six (6) months after the date hereof, $300,000.
(2) In the case of employment termination following the period set forth in 6(d)(1) but within twelve (12) months after the date hereof, $150,000. Such repayment shall be required to be made for the full amount set forth above and shall not be reduced for any taxes paid by the Executive with respect to the Employment Bonus.
Employment Bonus. Cannapay agrees to pay the following bonus payments to the Vendor:
(a) a cash bonus of $20,000 upon the Products generating $100,000 in Net Revenues; and
(b) a cash bonus of $100,000 upon the Products generating $1,000,000 in Net Revenues.
Employment Bonus. At such time as your family has established residency in Mobile, EnergySouth will pay the amount of $60,000 to you as an employment bonus.
Employment Bonus. Executive shall earn a bonus on each anniversary of the date of this Agreement during the Initial Term and any Successive Term if he has been continuously employed hereunder from the date of this Agreement through such anniversary (the “Employment Bonus”) as, and in the amounts, set forth in the schedule below. Sixty percent (60%) of the Employment Bonus shall be paid within thirty (30) days of the applicable anniversary. The remaining forty percent (40%) of the Employment Bonus shall be payable to Executive on the following anniversary; provided, that Executive remains employed by the Employer through such payment date; provided further, that the Employment Bonus for the final Employment Bonus Period or after any Successive Term shall be paid within thirty (30) days following the expiration of this Agreement. October 1, 2013 – September 30, 2014 $ 100,000.00 October 1, 2014 – September 30, 2015 $ 150,000.00 October 1, 2015 – September 30, 2018 $ 200,000.00 The Employment Bonus for any Successive Term shall be determined at least ten (10) days prior to the date on which Notice of Non-Renewal is due.
Employment Bonus. Executive shall be eligible to receive a one-time employment bonus of Thirty Thousand Dollars ($30,000.00), less applicable withholding, payable within thirty (30) days after the Effective Date (the “Employment Bonus”).
Employment Bonus. On January 1, 2000, the Bank shall pay to the Executive in cash $100,000, which will constitute a non-interest bearing loan from the Bank to the Executive (the "Loan"). The Loan shall be evidenced by the form of note attached to this Agreement as Exhibit A. The Loan shall be forgiven in accordance with the terms of such note, and the Executive shall report any forgiveness of indebtedness and any appropriate imputed interest in accordance with the applicable requirements of Federal and state tax laws. In the event of death of the Executive, or the termination of the Executive's employment for any reason other than voluntary resignation, then the remaining balance due under the Loan shall be forgiven from the date of death or termination of employment, as the case may be.