Sign on Bonuses. On August 16, 2022 (the “First Payment Date”), the Company paid Executive a sign-on bonus in the gross amount of $100,000.00 (One Hundred Thousand Dollars) (the “First Sign-on Bonus”). On the first regularly scheduled payroll date following July 14, 2023 (the “Second Payment Date” and, together with the First Payment Date, the “Payment Date”), the Company shall pay Executive a second sign-on bonus in the gross amount of $100,000.00 (One Hundred Thousand Dollars) (the “Second Sign-on Bonus” and, together with the First Sign-on Bonus, the “Sign-on Bonuses”). Executive shall not be entitled to the Second Sign-on Bonus if Executive’s employment is terminated for Cause, or Executive resigns without Good Reason, prior to the date that the Second Sign-on Bonus is paid. If the Company terminates Executive’s employment for Cause or Executive resigns from employment without Good Reason, in each case, at any time during the twelve (12)-month period following the applicable Payment Date, Executive shall promptly repay the Company a prorated amount of the applicable Sign-on Bonus equal to (i) the amount of the applicable Sign-on Bonus multiplied by (ii) a fraction, the numerator of which is the number of days from the Payment Date through the date of Executive’s termination of employment and the denominator of which is 365, less any applicable payroll deductions and tax withholding paid by Executive. The Company shall have the right to set off the amount owed by Executive to the Company pursuant to the foregoing sentence against any amounts owed by the Company to Executive on the date of termination.
Sign on Bonuses. (i) Executive shall be entitled to an immediate sign-on bonus in the amount of $100,000, which shall be paid within thirty (30) days following the commencement of the Employment Period. If Executive voluntarily terminates his employment or is terminated for Cause less than one (1) year after the commencement of the Employment Period, Executive shall be required to pay back a pro-rata portion of the immediate sign-on bonus to the Employer within sixty (60) days after such termination, which amount will be determined by multiplying the amount of the immediate sign-on bonus received by Executive (if any) by a fraction, the numerator which is the number of days from the date of Executive’s termination of employment until the first anniversary of the commencement of the Employment Period and the denominator of which is 365.
Sign on Bonuses. The Company grants the Executive a Stock Option to acquire 500,000 shares of common stock as defined in Attachment A of this agreement.
Sign on Bonuses. On the first regular payroll period payment date following the Effective Date, the Company shall pay Executive a sign-on cash bonus of $225,000. The Company is required to withhold tax at the time of payment of this bonus. If Executive’s employment with the Company is terminated by the Company for Cause (as described in Section 6(c)), or by Executive without Good Reason (as described in Section 6(f)), within 18 months of the Effective Date, Executive must repay to the Company the full amount of the sign-on cash bonus. Any such repayment must be made within 90 days of such termination.
Sign on Bonuses. The Employee shall not be required to re-pay the Company any amounts in conjunction with the sign-on bonuses provided for in the Letter Agreement.
Sign on Bonuses. Within forty-five (45) calendar days after the Commencement Date, Employee will receive a lump-sum, sign-on bonus in the amount of
Sign on Bonuses. Within forty-five (45) calendar days after the Commencement Date, Executive will receive a lump-sum, sign-on bonus in the amount of Three Hundred Thousand Dollars ($300,000) (the “2016 Sign-On Bonus”), less all required tax withholdings, subject to Executive’s continued employment by the Company at such time. Within forty-five (45) calendar days after the first anniversary of the Commencement Date, Executive will receive a lump-sum, sign-on bonus in the amount of Four Hundred Thousand Dollars ($400,000) (the “2017 Sign-On Bonus”), less all required tax withholdings, subject to Executive’s continued employment by the Company at such time.
Sign on Bonuses. (i) Signing Bonus - Cash In consideration of entering into this Agreement, you will receive a cash bonus of $250,000 (the “Signing Bonus”). The Signing Bonus is payable no later than 30 days after the Effective Date, and 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 date payment is made. 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 or if you terminate your employment for Good Reason. 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 Bonuses. The Company will pay the Executive a one-time sign-on bonus in the amount of $25,000.00 (the “Initial Sign-On Bonus”). Payment of the Initial Sign-On Bonus will be made on the first payroll date of the Executive’s employment and processed in accordance with the Company’s normal payroll practices. The Company will pay the Executive an additional secondary bonus in the amount of $25,000 (“Secondary Sign-on Bonus” and, together with the Initial Sign-On Bonus, the “Sign-On Bonuses”) if the Executive is employed on June 1, 2019 and in good standing as a Company employee. Payment of the Secondary Sign-On Bonus will be made on the first payroll date after June 1, 2019 and processed in accordance with the Company’s normal payroll practices. Any and all bonuses received are fully taxable and federal, state, social security and any other applicable taxes will be withheld when paid.
Sign on Bonuses. 22 a. Sign on bonuses of five thousand dollars ($5,000) for external applicants 23 with OR experience in order to attract qualified staff to GSRMC.
