Sign-on Arrangements Sample Clauses

Sign-on Arrangements. (a) Cash Sign-on Bonus. As soon as practicable following the Commencement Date, the Company shall pay the Executive a cash bonus of $250,000.
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Sign-on Arrangements. As soon as practicable following the Effective Date, the Company shall grant the Executive 150,000 options to purchase Shares with a seven year maturity, vesting as follows: one-half shall vest the day after Shares have traded at $50 per share or higher for 20 consecutive trading days, and one-half shall vest the day after the Shares have traded at $60 per share or higher for 20 consecutive trading days. Otherwise all 150,000 options will become exercisable on the sixth anniversary date of the award. The strike price for these options will be $37.87.
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Sign-on Arrangements. In order to induce the Executive to accept employment with the Company and to replace equity compensation which she will forfeit as a consequence, the Company will make certain payments and grant retention awards to the Executive as set forth in Appendix A.
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Sign-on Arrangements. (a) As soon as practicable following the Commencement Date, the Company shall pay the Executive a signing bonus of $100,000. (b) On the Commencement Date the Company shall grant the Executive an option to purchase 150,000 shares of the Company's common stock pursuant to the 2002 Stock Plan, vesting in four equal annual installments on the first four anniversaries of the grant date at a price per share exercise price equal to the closing price of a share of stock of the Company on the New York Stock Exchange on the Commencement Date and subject to earlier vesting as provided herein. (c) On the Commencement Date, the Company shall grant the Executive 20,000 restricted shares, pursuant to the 2002 Stock Plan, vesting 10% on the grant date, 20% on the first anniversary of grant, 30% on the second anniversary and 40% on the third anniversary, and subject to earlier vesting as provided herein.
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Sign-on Arrangements. On the Company's first payroll date after the Effective Date, the Company shall pay the Executive $1,200,000 in a lump sum in cash (the "Signing Bonus"). In the event that the Executive ceases to be employed by IBC and its subsidiaries (including the Company) before the first anniversary of the Effective Date (other than as a result of termination of employment without Cause by the Company or a Constructive Termination Without Cause by the Executive), the Executive shall, within thirty (30) days of the Termination Date, repay to the Company a portion of the Signing Bonus equal to the Signing Bonus multiplied by a fraction, the numerator of which is the number of days remaining from the Termination Date to the last day of Company's Fiscal Year ending in 2008, and the denominator of which is the number of days from the Effective Date to the last day of the Company's Fiscal Year ending in 2008, subject to an appropriate reduction in the amount of the Signing Bonus otherwise required to be repaid by the Executive to take into account the Federal, state and local income tax, earnings and employment tax consequences to the Executive (determined at the highest marginal rates applicable to the Executive) of receiving and then repaying such portion of the Signing Bonus (it being the intent of this provision that the Executive shall not have to incur any net tax liability as a result of his receipt and subsequent repayment of a portion of the Signing Bonus ). Notwithstanding the foregoing or any provision in Section 10 to the contrary, the Parties agree that any amount owed by the Executive in accordance with the preceding sentence shall first be paid by reducing the cash amounts otherwise payable to the Executive (or his estate or beneficiaries) under subsections 10(a), (b) or (c) below, and only the portion, if any, of the amount owed by the Executive that is in excess of the amount reduced shall be repaid by the Executive (or his estate or beneficiaries) pursuant to the preceding sentence.
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Sign-on Arrangements 
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Related to Sign-on Arrangements

  • Financial Arrangements The Commonwealth will provide an estimated total financial contribution to the States of up to $9.5 billion (GST exclusive) in respect of this Agreement, as set out in Part 5 – Financial Arrangements.

  • Certain Arrangements The Company will not consummate or permit to occur any Section 13 Event unless (A) the Principal Party has a sufficient number of authorized, unissued and unreserved Common Shares to permit the exercise in full of the Rights in accordance with this Section 13 and (B) prior thereto the Company and the Principal Party have executed and delivered to the Rights Agent a supplemental agreement confirming that (1) the requirements of this Section 13 will be promptly performed in accordance with their terms, (2) the Principal Party will, upon consummation of such Section 13 Event, assume this Plan in accordance with Section 13(a) and Section 13(b), (3) such Section 13 Event will not result in a default by the Principal Party pursuant to this Plan (as it has been assumed by the Principal Party) and (4) the Principal Party, as soon as practicable after the date of such Section 13 Event and at its own expense, will: (i) prepare and file a registration statement pursuant to the Securities Act with respect to the Rights and the securities purchasable upon exercise of the Rights on an appropriate form, and use its best efforts to cause such registration statement to (x) become effective as soon as practicable after such filing and (y) remain effective (with a prospectus at all times meeting the requirements of the Securities Act) until the Expiration Date, and similarly comply with applicable state securities laws; (ii) use its best efforts to list (or continue the listing of) the Rights and the securities purchasable upon exercise of the Rights on a national securities exchange or to meet the eligibility requirements for quotation on a national securities exchange and to list (and continue the listing of) the Rights and the securities purchasable upon exercise of the Rights on a national securities exchange; (iii) deliver to holders of the Rights historical financial statements for the Principal Party and its Affiliates that comply in all respects with the requirements for registration on Form 10 (or any successor form) promulgated under the Exchange Act; and (iv) take all other action as may be necessary to allow the Principal Party to issue the securities purchasable upon exercise of the Rights.

  • Other Contractual Arrangements 8.1 Escrow Agent Not a Trustee The Escrow Agent accepts duties and responsibilities under this Agreement, and the escrow securities and any share certificates or other evidence of these securities, solely as a custodian, bailee and agent. No trust is intended to be, or is or will be, created hereby and the Escrow Agent shall owe no duties hereunder as a trustee.

  • Special Arrangements Fees for activities of a non-recurring nature such as reorganizations, and/or preparation of special reports will be subject to negotiation.

  • Business Arrangements Except as disclosed in the Registration Statement, the Time of Sale Disclosure Package and the Prospectus, neither the Company nor any of its subsidiaries has granted rights to develop, manufacture, produce, assemble, distribute, license, market or sell its products to any other person and is not bound by any agreement that affects the exclusive right of the Company or such subsidiary to develop, manufacture, produce, assemble, distribute, license, market or sell its products.

  • Additional Arrangements The UVMP in Košice can offer to students, within its own accommodation capacities, an accommodation in its own facilities for the respective academic year. The accommodation fee and conditions of providing the accommodation are in full competence of the UVMP.

  • Equity Arrangements On the Change of Control, and notwithstanding any contrary provisions of the Amended and Restated 1994 Stock Option Plan, the Second Amended and Restated 1996 Long-Term Performance Incentive Plan or the 2003 Equity Incentive Plan (or any plans that may become the successors to such plans) and any equity incentive agreements entered into between the Company and the Executive pursuant to such plans or otherwise, cause any unexercisable installments of any equity of the Company or any subsidiary or affiliate of the Company held by the Executive pursuant to any such equity incentive agreement on the Executive’s last date of employment with the Company that have not expired to become exercisable, or in the case of any then effective restrictions on the vesting of any equity of the Company or any subsidiary or affiliate of the Company held by the Executive pursuant to any such equity incentive agreement, to cause such restrictions to lapse, as the case may be, on the Change of Control; and

  • SUPPLEMENTAL ARRANGEMENTS The Sub-Advisor may enter into arrangements with other persons affiliated with the Sub-Advisor or with unaffiliated third parties to better enable the Sub-Advisor to fulfill its obligations under this Agreement for the provision of certain personnel and facilities to the Sub- Advisor, subject to written notification to and approval of the Manager and, where required by applicable law, the Board of Directors of the Fund.

  • Tax Arrangements 47.1 Where the Contractor is liable to be taxed in the UK in respect of consideration received under this contract, it shall at all times comply with the Income Tax (Earnings and Xxxxxxxx) Xxx 0000 (ITEPA) and all other statutes and regulations relating to income tax in respect of that consideration. 47.2 Where the Contractor is liable to National Insurance Contributions (NICs) in respect of consideration received under this Framework Agreement, it shall at all times comply with the Social Security Contributions and Benefits Xxx 0000 (SSCBA) and all other statutes and regulations relating to NICs in respect of that consideration. 47.3 The Authority may, at any time during the term of this Framework Agreement, request the Contractor to provide information which demonstrates how the Contractor complies with sub-clauses 47.1 and 47.2 above or why those clauses do not apply to it. 47.4 A request under sub-clause 47.3 above may specify the information which the Contractor must provide and the period within which that information must be provided.

  • Implementation Arrangements Institutional Arrangements

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