One-Time Sign-On Bonus. The Employee shall receive a one-time, lump-sum, sign-on bonus in the gross amount of $70,000 (the "Sign-On Bonus"), payable in cash upon his signing this Agreement. If the Employee’s employment with the Company ends for any reason prior to March 31, 2009, then the Employee shall immediately repay to the Company the full amount of the Sign-On Bonus.
One-Time Sign-On Bonus. The Company will pay the Executive a one time sign on bonus in the amount of ninety-five thousand dollars ($95,000). Such bonus shall be earned on the second anniversary of the Effective Date, but will be advanced to the Executive on the first regular payroll date following Effective Date. Should the Executive resign from her employment with the Company for any reason before the second anniversary of the Effective Date, she agrees to repay the sign on bonus in full, within thirty days of the date of termination of her employment.
One-Time Sign-On Bonus. In addition to the Base Salary and the Annual Target Bonus, not later than sixty (60) days after the Start Date, the Employee will be given a one-time sign-on bonus in the amount of Fifty Thousand United States Dollars ($50,000), which will be paid in accordance with the Company’s regular payroll procedures, and subject to applicable withholdings and deductions (the “Sign-On Bonus”). It is understood that in the event that the Employment is terminated by the Company for Cause (as defined below) prior to the two (2)-year anniversary of the Start Date, or in the event that the Employee resigns prior to the six (6)-month anniversary of the Start Date, the Employee shall be obligated to repay the full amount of such Sign-On Bonus to the Company by no later than thirty (30) days following the Date of Termination (as defined below). In the event that the Employee resigns following the six (6)-month anniversary of the Start Date, but prior to the two (2)-year anniversary of the Start Date, the Employee shall be obligated to repay to the Company a proportional sum of the Sign-On Bonus, prorated in accordance with the period of time during which the Employee was employed by the Company, as a percentage of two (2) full years, and the Employee shall be required to repay such sum to the Company by no later than thirty (30) days following the Date of Termination.
One-Time Sign-On Bonus. Pursuant to the Prior Employment Agreement, the Company agreed to pay Executive a one-time bonus equal to one-hundred thousand dollars ($100,000), provided Executive relocates his immediate family’s primary residence to the Atlanta, Georgia metropolitan area no later than December 31, 2017. Such bonus shall be payable to Executive solely in 2017, and it may be paid to Executive in advance of the relocation, provided such relocation is consummated within thirty (30) days of payment. If Executive voluntarily terminates his employment within twelve months following receipt of this bonus, he will be responsible for reimbursing the full amount to the Company within ten (10) days of his termination.
One-Time Sign-On Bonus. Employer shall pay Employee a one-time sign-on bonus of $200,000, less applicable withholding, as soon as reasonably practicable, but no more than 60 days, following the Start Date. If Employee’s employment terminates on account of his resignation or for Cause on or before twelve (12) months following the Start Date, Employee shall be required to repay to the Employer the full amount of the sign-on bonus.
One-Time Sign-On Bonus. Employer shall pay Employee a one-time sign-on bonus of $300,000, less applicable withholdings, to facilitate Employee’s relocation to Tempe, Arizona and defray expenses related thereto. The sign-on bonus shall be paid no later than thirty (30) days following the Start Date. If Employee’s employment terminates on account of his resignation other than for Good Reason on or before eighteen (18) months following the Start Date, Employee shall be required to repay to the Employer the full amount of the sign-on bonus.
One-Time Sign-On Bonus. The Executive acknowledges receipt of a one-time sign on bonus of $250,000, less applicable deductions and withholdings. In the event Executive voluntarily terminates employment with the Company prior to February 22, 2022, Executive agrees to repay the amount of such bonus payment to the Company in full within thirty (30) days following such termination of employment.
One-Time Sign-On Bonus. Power-One will pay you a $25,000.00 (twenty five thousand dollars) one time sign-on bonus payable to you within 2 weeks of your hire date of today. Power-One further agrees to reimburse you an additional amount, not to exceed $13,000.00 (thirteen thousand dollars), as tax assistance for the one-time sign on bonus subject to your providing the corresponding receipts or other documentation as reasonably requested by Power-One. The payment(s) will be a taxable event to you. Further, the sign-on bonus is subject to meeting a minimum of 2 years of employment with the organization. This does not alter our “At-will policy” nor does it specify any agreement to tenure. You will be required to sign a contract which indicates that you will 000 Xxxxx Xxxxx · Xxxxxxxxx, XX 00000 · (000) 000-0000 · Fax (000) 000-0000 · xxx.xxxxx-xxx.xxx be obligated to pay back a pro-rata portion of the sign-on bonus should you leave Power-One prior to the completion of 24 months of employment from your date of hire.
One-Time Sign-On Bonus. (i) If you commence employment with the Company on or prior to April 13, 2015, you will receive a one-time cash payment equal to $500,000 (the “Cash Signing Bonus”), less applicable tax withholding. The Cash Signing Bonus will be paid on the first payroll date following the Effective Date. If, prior to the second anniversary of the Effective Date, you are terminated for Cause (as defined below) or voluntarily terminate your employment with the Company, you will be required to repay the Cash Signing Bonus to the Company. If you are terminated for Cause, you will be required to repay the entire amount of the Cash Signing Bonus to the Company. If you voluntarily terminate your employment with the Company, the amount of the Cash Signing Bonus that you will be required to repay the Company will be calculated on a monthly pro-rata basis. Therefore, every month of your employment reduces the potential repayment amount by 1/24th. For example, if you voluntarily terminate your employment after completing only 12 months of service, you will be required to repay the Company $250,000.
(ii) If you commence employment with the Company on or prior to April 13, 2015, you will receive restricted stock units with a grant date value of $500,000, with 50% of the restricted stock units vesting on the first anniversary of the Effective Date and the remaining 50% of the restricted stock units vesting on the second anniversary of the Effective Date. The restricted stock units will be subject to the terms and conditions specified by the Compensation Committee, the Company’s stock plan, the award agreement that you must execute as a condition of the grant and the Company’s xxxxxxx xxxxxxx policy.
One-Time Sign-On Bonus. The Executive will be eligible for a one- time cash payment in the amount of $80,000, subject to all applicable taxes and withholding and payable within thirty (30) days of the Effective Date, provided that the Executive is still employed with the Company on the payment date.
