Sign-on. Executive shall also be entitled to the following:
Sign-on bonus Should the Executive join the Company as employee in a part time basis (two days a week) no later than first week of August 2004 and on a full time basis no later than September 1st, 2004, the Company shall pay the Executive within three days after his appointment as general manager being effective a one-time lump sum cash payment in the amount of 96,000 EUR (the “Sign-On Bonus”).
Sign-on. BONUS In your first paycheck after you start, we’ll pay you a sign-on bonus of $500,000.00. If you quit or your employment is terminated within twelve months of your start date for any reason, you’ll pay back a portion of the bonus prorated to the number of months you were employed, and you authorize Pinterest to withhold this amount from any payments Pinterest might owe you at the time of your departure. ADDITIONAL BONUS After one year of continuous service, we’ll pay you a one-time bonus of $500,000.00. If you quit or your employment is terminated prior to that time for any reason, you will not be entitled to the bonus. If you quit or your employment is terminated after that time but within twelve months of your start date for any reason, you’ll pay back a portion of the bonus prorated to the number of months you were employed, and you authorize Pinterest to withhold this amount from any payments Pinterest might owe you at the time of your departure.
Sign-on. BONUS In your first paycheck after you start, we’ll pay you a sign-on bonus of $50,000.00. If you quit or your employment is terminated within twelve months of your start date for any reason, you’ll pay back a portion of the bonus prorated to the number of months you were employed, and you authorize Pinterest to withhold this amount from any payments Pinterest might owe you at the time of your departure.
Sign-on. Bonus In consideration of entering into this Agreement, you will receive a cash bonus of $75,000 (the “Signing Bonus”), payable as soon as administratively practicable after the Effective Date. Payment of the Signing Bonus is conditioned upon you being employed on the date payment is made and remaining employed by us for a period of not less than one year after the Effective Date. If the foregoing condition precedent is not satisfied, the Signing Bonus must be immediately repaid to us, except that you will not be required to repay any amount if you are terminated by us without Cause. In the event of your termination under circumstances that require repayment of the Signing Bonus, we may deduct from your paycheck(s) (or other amounts owed to you) an amount equal to the amount due to be repaid. To the extent such deductions are not sufficient to fully reimburse us, you will remain obligated to pay us in full for such amounts still due and owing.
Sign-on. RSUs On the Effective Date, Executive shall be granted 717,000 restricted stock units (the “Sign-On RSUs”), which shall vest in three (3) substantially equal annual installments from the date of grant based on Executive’s continued employment with the Company through each such vesting date. Except as provided herein, such Sign-On RSUs will be subject to the provisions of the Company’s 2004 Equity Incentive Plan, as amended and restated (the “Company’s 2004 Equity Incentive Plan”), and the applicable form of restricted stock unit agreement thereunder.
Sign-on. This Agreement may be entered into by the Attorney General of any State, including the Corporation Counsel of the District of Columbia and the Attorney General of Puerto Rico, who takes the following actions within 30 days of the filing of the Complaint:
Sign-on. The Company shall pay Executive a one-time sum of three hundred eighty-five thousand U.S. dollars (US$385,000) within thirty (30) days of the Effective Date (subject to such deductions or amounts to be withheld as required by applicable law and regulations or as may be agreed to by Executive); provided, however, that Executive will promptly refund such money to the Company if Executive terminates Executive’s employment with the Company for other than “Good Reason” (as defined below) or the Company terminates Executive’s employment with the Company for “Cause” (as defined below), in each case, prior to March 1, 2010.
Sign-on. Bonus On the Effective Date, you will receive a cash payment in the amount of $6,500,000 (subject to applicable tax and other required withholdings) as an inducement to enter into this Agreement; provided, upon any voluntary termination (other than a Qualifying Termination, defined below) occurring prior to the third anniversary of the Effective Date, you will repay such portion of the cash payment as equals the net after-tax amount of the cash payment (after application of all refunds and credits to which you are entitled as a result of such repayment) multiplied by the fraction the numerator of which is the number of whole months from the date of termination until such third anniversary and the denominator of which is 36. The cash payment to you will not constitute compensation for purposes of determining the amount of benefits you may be entitled to receive under any of the Company’s qualified and nonqualified retirement plans, qualified savings plan and nonqualified deferred compensation plans (including the SERP Benefit, below).
Sign-on. Bonus If you join us on or prior to March 15, 2005, we will pay you a one-time sign-on bonus of $600,000, less withholdings, immediately following your start date. You acknowledge and agree that you will repay an annualized pro-rata share of this sign-on bonus to Limited Brands in the event you voluntarily resign prior to your two-year anniversary.
