Common use of Sign-On Bonus Clause in Contracts

Sign-On Bonus. The Executive received a one-time sign-on bonus in the amount of $15,000 (the “Sign-On Bonus”) on October 30, 2020. Should the Executive voluntarily resign for any reason or if the Executive’s employment with the Company is terminated by the Company for Cause (as defined below), in either case during the twelve (12) month period following October 18, 2020, the Executive will be required to reimburse the Company the full amount of the Sign-On Bonus within thirty (30) days of such termination of employment.

Appears in 1 contract

Samples: Employment Agreement (Hayward Holdings, Inc.)

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Sign-On Bonus. The Executive received a one-time sign-on bonus in the amount of $15,000 (50,000 on August 11, 2006. In the “Sign-On Bonus”) on October 30, 2020. Should event the Executive voluntarily resign for any reason terminates his employment or if the Executive’s his employment with the Company is terminated by the Company for Cause (as defined below), in either case during the twelve (12) twelve-month period following October 18, 2020the Commencement Date, the Executive will be required to reimburse repay the sign-on bonus to the Company the in full amount within twelve (12) months of the Sign-On Bonus within thirty (30) days Executive’s employment termination. Termination of such termination of employmentemployment for Good Reason or the Executive’s death shall be deemed an involuntary termination.

Appears in 1 contract

Samples: Employment Agreement (Curagen Corp)

Sign-On Bonus. The Company paid Executive received a one-time cash sign-on bonus in the amount of $15,000 300,000 (the “Sign-On Bonus”) on October 30); provided, 2020. Should that in the Executive voluntarily resign for any reason or if the event that Executive’s employment with the Company is terminated by the Company for Cause (as defined below), in either case during the twelve or as a result of Executive’s voluntary resignation without Good Reason (12) month period following October 18as defined below), 2020prior to July 22, the 2022, Executive will be required shall forfeit any right to reimburse the Company the full amount of the Sign-On Bonus and Executive shall repay such amount to the Company within thirty (30) 30 days of such Executive’s termination of employment.

Appears in 1 contract

Samples: Employment Agreement (Vivint Smart Home, Inc.)

Sign-On Bonus. The Executive received a one-time sign-on bonus in the amount of $15,000 (the “Sign-On Bonus”) on October 30, 2020. Should the Executive voluntarily resign for any reason or if the Executive’s employment with the Company is terminated by the Company for Cause (as defined below), in either case during the twelve (12) month period following October 18, 2020, the Executive will be required to reimburse the Company the full amount of the Sign-On Bonus within Within thirty (30) days of such termination the Effective Date, if Executive is then still employed by the Company, the Company shall pay to Executive a sign-on cash bonus of employment$100,000. Executive hereby agrees to repay the aforesaid sign-on bonus to the Company in full if, within the one-year period following the Effective Date, either Executive terminates his employment with the Company or the Company terminates Executive’s employment for Cause.

Appears in 1 contract

Samples: Employment Agreement (TJX Companies Inc /De/)

Sign-On Bonus. The Executive received shall receive a one-time $70,000 sign-on bonus bonus, less applicable taxes, on the first payroll following the Effective Date, provided that, in the amount event that Executive resigns during the term of $15,000 this Agreement without Good Reason (the “Sign-On Bonus”as defined herein) on October 30, 2020. Should the Executive voluntarily resign for any reason or if the Executive’s employment with the Company is terminated by the Company for Cause (as defined belowherein), in either case during the twelve (12) month period following October 18, 2020, the Executive will be required to reimburse the Company the full amount shall repay a prorated portion of the Sign-On Bonus to the Company within thirty ten (3010) calendar days following Executive’s final day of such termination of employmentwork.

Appears in 1 contract

Samples: Employment Agreement (Federal Home Loan Bank of Des Moines)

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Sign-On Bonus. The Within thirty (30) days after the Effective Date, the Company shall pay to Executive received a one-time sign-on cash bonus in the amount of $15,000 500,000 (the “Sign-On Bonus”) on October 30, 2020). Should If the Executive voluntarily resign for any reason or if the Company terminates Executive’s employment with for Cause, or Executive voluntarily resigns his employment without Good Reason at any time prior to the second anniversary of the Effective Date, then Executive shall immediately repay to the Company is terminated by the Company for Cause (as defined below), in either case during the twelve (12) month period following October 18, 2020, the Executive will be required to reimburse the Company the full amount a pro-rated portion of the Sign-On Bonus within thirty (30) days of such termination of employmenton Bonus.

Appears in 1 contract

Samples: Senior Management Agreement

Sign-On Bonus. The Company will pay Executive received a one-time an initial sign-on bonus in the amount of Two Hundred Twenty-Five Thousand Dollars ($15,000 (the “Sign-On Bonus”225,000.00) on October 30, 2020. Should the Executive voluntarily resign for any reason or if the Executive’s employment with the Company is terminated by the Company for Cause (as defined below), in either case during the twelve (12) month period following October 18, 2020, the Executive will be required to reimburse the Company the full amount of the Sign-On Bonus within thirty (30) days of such termination the Employment Date. It is expressly agreed and understood that should Executive resign without “Good Reason” (as that term is defined in Section 5(d) below) prior to December 7, 2010, then Executive shall repay on demand by the Company the entire sign-on bonus, net withholding taxes. It is further agreed that any obligation of employment.the Company to provide future

Appears in 1 contract

Samples: Employment Agreement

Sign-On Bonus. The Executive received shall receive a one-time sign-on bonus in the amount of $15,000 50,000 (the “Sign-On Bonus”) on October 30, 2020). Should the Executive voluntarily resign for any reason or if the Executive’s employment with the Company is terminated by the Company for Cause (as defined below), in either case during the twelve (12) month period following October 18, 2020the Effective Date, the Executive will be required to reimburse the Company the full amount of the Sign-On Bonus within thirty (30) days of such termination of employment.

Appears in 1 contract

Samples: Employment Agreement (Hayward Holdings, Inc.)

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