Promotion Bonus. 34. Effective July 1, 2023, in recognition of achievement, a Member who is promoted shall receive a one-time bonus of $2,500 upon attaining Continuing Status/Associate rank and Senior rank.
Promotion Bonus. In the event either participant receives a promotion in the year during which he/she is in the job share program, the bonus shall be five percent (5%) of the full-time rate of the appropriate step prorated between fifty percent (50%) and one hundred percent (100%), based upon the number of years by which the promotion eligibility requirement was met through full-time service (e.g., three
Promotion Bonus. The Company shall pay to Executive a one-time bonus (the “Promotion Bonus”) of $200,000, less applicable withholdings and deductions. The Company will pay the Promotion Bonus to Executive on the first payroll date following the Effective Date.
Promotion Bonus. 53. Effective July 1, 2023, on promotion to the rank of Associate Professor or Professor, a Member shall receive a $5000 one-time payment in the year in which the promotion becomes effective.
Promotion Bonus. Subject to Executive’s performance of the Transition Duties to the reasonable satisfaction of the Company, the Company shall waive repayment of the first installment of the Promotion Bonus (within the meaning of the Employment Agreement entered into by and between the Company and Executive, dated as of August 26, 2010 (the “Employment Agreement”)) paid to Executive on September 3, 2010 in the amount of twenty five thousand dollars ($25,000). Executive acknowledges and agrees that Executive shall not be entitled to receive the second installment of the Promotion Bonus irrespective of Executive’s continued employment in accordance with this Agreement.
Promotion Bonus. In consideration of Executive’s increased responsibilities and efforts in 2006 associated with becoming the President and Chief Operating Officer of the Company, Executive shall receive a cash lump sum bonus of $2,625,000 within thirty (30) days following his execution of this Agreement. (c)
Promotion Bonus. As soon as reasonably practicable following the date hereof, Executive shall receive a one-time cash payment equal to $200,000 (the “Promotion Bonus”). The Promotion Bonus shall vest in four equal annual installments beginning on July 19, 2024 with the final installment vesting on July 19, 2027 (each installment, a “Tranche”). In the event Executive voluntarily terminates employment with the Company without Good Reason or the Company terminates Executive’s employment for Cause, in either case on or prior to July 19, 2027, then Executive shall be required to repay the gross amount of each unvested Tranche of the Promotion Bonus (e.g., if Executive voluntarily terminates employment without Good Reason on June 30, 2025, Executive would be required to repay to the Company $150,000).
Promotion Bonus. On the first payroll date following the Effective Date, the Company shall pay Employee a cash payment equal to $250,000. Employee will be required to repay the portion of the promotion bonus that Employee retained after payment of taxes in respect thereof to the Company if (a) Employee’s employment with the Company terminates prior to August 31, 2018, unless such termination is (i) by the Company other than for Cause, (ii) by Employee for Good Reason, or (iii) due to Employee’s death or disability or (b) if Employee fails to relocate to the Houston, Texas metropolitan area (“Houston”) by August 31, 2018. Such repayment will be required to be paid to the Company within thirty (30) days of the earliest to occur of (x) Employee’s last day as an employee of the Company under circumstances requiring such repayment as specified above, (y) the date on which Employee provides the Chairperson of the Board written notice that Employee has determined that Employee shall not relocate his family’s primary residence to Houston (the “Commuting Notice”) and (z) August 31, 2018, as applicable.
Promotion Bonus. The Company shall pay to the Executive a promotion bonus in the first payroll processed on or after October 29, 2007 equal to $15,000 (the “Promotion Bonus”), subject to all applicable taxes and withholdings. Following such payment of the Promotion Bonus, the Executive agrees to pay $15,000 to the Company if the Executive’s employment with the Company is terminated for Cause [as defined in Section 8(c) of the Agreement] or if the Executive terminates his employment with the Company without Good Reason [as defined in Section 9(b) of the Agreement] prior to the first anniversary date of this Amendment.
Promotion Bonus. The Company will pay Executive a one-time cash bonus of $100,000 with the next regularly scheduled payroll payment occurring after the date of this Agreement.
