One-Time Signing Bonus. The Company will provide the Executive with a one-time signing bonus in the amount of $250,000, paid in two equal installments, with the first such installment to be paid on the Company’s next regular payday following the Closing Date, and the second such installment to be paid on the Company’s next regular payday following the first (1st) anniversary of the Closing Date, provided that the Executive continues to be employed by the Company on the relevant payment date.
One-Time Signing Bonus. Effective after ratification by the Board of Supervisors (salary ordinance amendment effective the first pay period after the second reading by the Board of Supervisors) current employees at time of signing of a successor contract who are in Local 21-represented positions shall receive a three percent (3%) lump sum bonus based on coded status from September 23, 2019 to the first pay period after the second reading by the Board of Supervisors. The lump-sum for full and part time employees will be based on base salary only.
One-Time Signing Bonus. Within one (1) week of the ratification of this memorandum all full time, part time, and student employees who are actively working will receive a one time signing bonus, less statutory deductions, in the below amount. Full Time Employees – Six Hundred Dollars ($600) Part Time and Student Employees 2007 Average Weekly Hours Amount 24 hours or greater Four Hundred Dollars ($400) Less than 24 hours Three Hundred Dollars ($300) Yours very truly, R. Xxxxxx
One-Time Signing Bonus. The Company shall pay Executive a one-time signing bonus of Four Hundred Fifty Thousand Dollars ($450,000), less applicable withholdings (the “Signing Bonus”). Fifty percent (50%) of the Signing Bonus will be payable on the Effective Date and fifty percent (50%) on the six-month anniversary of the Effective Date, provided Executive continues to be the CEO through each such date. All amounts paid to Executive pursuant to this Section 3(e) shall be deemed a recoverable draw to be paid back to the Company, if Executive’s employment as CEO is terminated by the Company for Cause or by Executive without Good Reason prior to the one-year anniversary of the Effective Date.
One-Time Signing Bonus. Executive acknowledges receipt of a one-time payment of $50,000 (less withholding) as a signing bonus on the Start Date. If Executive resigns without Good Reason or is terminated with Cause prior to the one-year anniversary of the Start Date, Executive shall promptly reimburse Employer for the full amount of the signing bonus.
One-Time Signing Bonus. Executive is eligible for a one-time signing bonus of $75,000 payable upon thirty (30) days of employment with Company. This bonus shall be subject to clawback for a period of one year form the Executive’s start date at the discretion of the Company in the event Executive terminates his employment without Good Cause under section 9 D (i) below or if by Company for Cause under section 9 E (ii) below.
One-Time Signing Bonus. The Company will make a one-time signing bonus payment to Executive in the total amount of $20,000, which shall be payable in twelve (12) equal monthly installments during the course of Executive’s first year of employment. The one-time signing bonus payment under this Section 4 will not be considered as part of Executive’s Base Salary, bonus potential under the Incentive Plan or other compensation programs or severance amounts. Notwithstanding anything to the contrary contained in this Agreement, if Executive voluntarily terminates his employment with the Company without Good Reason (as defined below) within twelve (12) months from the Effective Date, Executive shall immediately repay to the Company the full amount of this one-time signing bonus that has theretofore been paid to Executive.
One-Time Signing Bonus. Executive shall receive a one-time signing bonus of $150,000, less all required federal and state withholding taxes, on the Company’s first payroll date following the first day of the Initial Term.
One-Time Signing Bonus. Upon the consummation of the Merger Transaction, the Employee shall be entitled to a one-time signing bonus amounting to Two Hundred and Fifty Thousand Dollars ($250,000) (the “Signing Bonus”) which shall accrue as a legal obligation of the Company at the Effective Time, as that term is defined in the Merger Agreement. The Signing Bonus is payable as follows: (i) One Hundred Fifty Thousand Dollars ($150,000), payable in cash at the Effective Time, and (ii) One Hundred Thousand Dollars ($100,000), payable on the twelve (12) month anniversary of the Effective Date, pursuant to the terms of a Promissory Note, a copy of which is attached hereto as Exhibit A.
One-Time Signing Bonus. Within thirty (30) days of the Effective Date, the Company shall pay Executive a one-time signing bonus of Ninety Thousand Dollars ($90,000) (gross), subject to applicable withholdings and deductions (the "Signing Bonus"). For the avoidance of doubt, the Signing Bonus is intended to, among other things, compensate Executive for any costs associated with moving and/or and travel expenses reasonably anticipated to be incurred by Executive during his first year of employment in New Jersey. Notwithstanding the foregoing, Executive shall forfeit and be obligated to repay immediately the Signing Bonus if Executive does not remain employed by the Company on the one-year anniversary of the Effective Date, except in the event of a termination without Cause by the Company prior to the one-year anniversary of the Effective Date.
