Common use of Engagement Bonus Clause in Contracts

Engagement Bonus. In addition, you will receive an engagement bonus in the amount of $200,000 payable within thirty (30) days of your effective date of employment. You must be actively employed and on the Company payroll at the time the bonus is paid. If you voluntarily terminate your employment with the Company or the Company terminates your employment for cause within the first twenty-four (24) months of employment, you will be required to repay a prorated portion of the engagement bonus to the Company based on the number of months employed by the Company.

Engagement Bonus. In addition, you You will receive an engagement bonus in the amount of $200,000 500,000 payable within thirty on August 30, 2004 (30“Engagement Bonus”) days in anticipation of your effective date of employmentremaining employed by the Company for at least three (3) years. You must be actively employed and on the Company payroll at in order to receive the time the bonus is paidEngagement Bonus. If In addition, if you voluntarily terminate your employment with the Company or the Company terminates your employment you for cause Cause (as defined below) within the first twenty-four three (243) months years of employment, you will be required to repay to the Company a prorated portion of the engagement bonus to the Company Engagement Bonus based on the number of months you were employed by the Company.

Engagement Bonus. In addition, you You will also receive an engagement a bonus in the amount of $200,000 450,000 payable within thirty (30) days of your effective date of employmentemployment ("Engagement Bonus"). You must be actively employed and on the Company payroll at in order to receive the time the bonus is paidEngagement Bonus. If In addition, if you voluntarily terminate your employment with the Company without Good Reason (as defined below) or the Company terminates your employment you for cause Cause (as defined below) within the first twenty-four two (242) months years of employment, you will be required to repay a prorated portion of the engagement bonus to the Company based on a percentage of the Engagement Bonus determined by dividing (i) twenty-four (24) less the number of months you were employed by the CompanyCompany by (ii) twenty-four (24).