Initial Signing Bonus. In accordance with the 2016 Agreement, Executive received 58,480 time vested shares of restricted stock of Huttig Building Products, Inc. (“HBP”) under HBP’s 2005 Executive Incentive Compensation Plan, as amended (or any successor plan thereto) (the “Incentive Plan”), with a Fair Market Value (as defined in the Incentive Plan) of $300,000 on November 14, 2016 (the “Initial Signing Bonus”). The shares of restricted stock granted as the Initial Signing Bonus will vest on the fifth anniversary of the Commencement Date. If, prior to such fifth anniversary the Executive is terminated by the Company without Cause, on or after the occurrence of a Change of Control of the Company the Executive terminates his employment for Good Reason, or the Executive dies or the Executive is terminated due to Disability, then the Initial Signing Bonus will become fully vested on the Date of Termination.
Initial Signing Bonus. To induce the Executive to commence employment with the Company as of the Start Date, the Company shall pay to the Executive an initial signing bonus of Fifty Thousand Dollars ($50,000), which shall be paid as follows: (i) Twenty Five Thousand Dollars ($25,000) in cash within ten (10) business days of the Start Date; and (ii) Twenty Five Thousand Dollars ($25,000) in Company Shares, based on the closing sales price on the Start Date.
Initial Signing Bonus. Within five (5) business days of the date of this Agreement, the Company shall pay Executive a cash signing bonus in the amount of (x) $850,000 (the “Initial Signing Bonus”), plus (y) a tax gross-up payment (the “Initial Tax Gross-Up Payment”) equal to the federal income, state income and employment taxes imposed on the Initial Signing Bonus and such Initial Tax Gross-Up Payment (assuming, for these purposes, such income is subject to federal income tax at a 35% tax rate, state income tax at a rate of 4.35%, and employment taxes at a rate of 1.45% for a combined effective tax rate of 40.8%, the “Tax Assumptions”), so that the net amount received by Executive pursuant to this Section 3(c)(i) shall equal the amount Executive would have received had such amount not been subject to such federal income, state income or employment taxes; provided that if at any time on or prior to the one-year anniversary of the Commencement Date, either Executive’s employment is terminated by the Company for Cause (as defined in Section 6(a) below), or Executive resigns without Good Reason (as defined in Section 6(c) below), Executive shall, within ten (10) business days of such termination, repay the full amount of the Initial Signing Bonus and the Initial Tax Gross-Up Payment previously paid to Executive pursuant to this Section 3(c)(i).
Initial Signing Bonus. As soon as administratively practical after the Start Date, the Company will award Executive an initial bonus with an aggregate gross value of $1,000,000.00 (the “Signing Bonus”). The Signing Bonus will be paid in accordance with the Company’s general payroll practices in effect from time to time in the form of fully vested shares of the Company’s common stock based on the closing price of the Company’s common stock on October 20, 2023, net of all standard tax withholdings and deductions.
Initial Signing Bonus a. The Executive shall receive a signing bonus of $10,613,699 (the “Signing Bonus”), paid in installments (each, a “Signing Bonus Installment”) on the last day of each of the calendar years 2006 through 2011, subject, except as set forth below, to the Executive’s continuous employment with the Company through the applicable payment date.
Initial Signing Bonus. To induce the Executive to commence employment with the Company as of the Start Date, the Company shall pay to the Executive an initial signing bonus of One Hundred Thousand Dollars ($100,000) (the “Initial Signing Bonus”), which shall consist of two payments of Fifty Thousand Dollars ($50,000.00) each. The first $50,000 payment shall be made within ten (10) business days of the Start Date. The second $50,000 payment shall be made within ten (10) business days of the six-month anniversary of the Start Date; provided, however, that, notwithstanding any provision of this Agreement to the contrary, the Company shall not be obligated to pay, and the Executive shall not be entitled to receive, the second payment of the Initial Signing Bonus unless the Executive remains employed by the Company on the date of such payment.
Initial Signing Bonus. The Company will pay to Executive a signing bonus equal to $50,000 on or prior to April 30, 2013, subject to customary withholding for federal, state and local taxes.
Initial Signing Bonus. (i) LCI shall make the first payment of Eleven Million Dollars ($11,000,000) plus interest at the rate of one percent (1%) per month from the Effective Date to the "Signing Bonus Payment Date" (defined as five (5) business days from the later of (i) full execution of this Agreement by both parties or the (ii) approval of this Agreement by the LCI Board of Directors, which determination shall be made no later than thirty (30) days from when the Agreement is signed by LCI), and
Initial Signing Bonus. The Executive will receive a one-time signing bonus of $240,000 as an offset to the bonus compensation the Executive is foregoing at her previous employment. The signing bonus will be paid in the first payroll following the Executive’s start date.
Initial Signing Bonus. The Company will pay to Employee a signing bonus of $20,000 (Twenty Thousand and No/100 dollars), which shall be paid upon the Company's first scheduled payroll date following the Effective Date.
