Sign-On Cash Bonus. The Executive shall receive a sign-on cash bonus in the amount of $250,000 payable (with appropriate deductions as required by law) to the Executive at the first regular pay date applicable to the Executive after the Effective Date. If the Executive terminates this Agreement without Good Reason, and other than as a result of death or Disability, during the period commencing on the Effective Date and ending on the first anniversary of the Effective Date, the Executive shall repay the sign-on cash bonus to the Company within 30 days of such termination.
Appears in 4 contracts
Samples: Employment Agreement (Vertex Pharmaceuticals Inc / Ma), Employment Agreement (Vertex Pharmaceuticals Inc / Ma), Employment Agreement (Vertex Pharmaceuticals Inc / Ma)
Sign-On Cash Bonus. The Executive shall receive a sign-on cash bonus in the amount of $250,000 140,000 payable (with appropriate deductions as required by law) to the Executive at the first regular pay date applicable to the Executive after the Effective Date. If the Executive terminates this Agreement without Good Reason, and other than as a result of death or Disability, during the period commencing on the Effective Date and ending on the first anniversary of the Effective Date, the Executive shall repay the sign-on cash bonus to the Company within 30 60 days of such termination.
Appears in 1 contract
Samples: Employment Agreement (Vertex Pharmaceuticals Inc / Ma)
Sign-On Cash Bonus. The Executive shall receive a sign-on cash bonus in the amount of $250,000 150,000 payable (with appropriate deductions as required by law) to the Executive at the first regular pay date applicable to the Executive after the Effective Date. If In the event the Executive terminates this Agreement without "Good Reason, and other than as a result of death or Disability, " during the period commencing on the Effective Date and ending on the first anniversary of the Effective Date, the Executive shall repay the sign-on cash bonus to the Company within 30 thirty (30) days of such termination.
Appears in 1 contract
Samples: Employment Agreement (Vertex Pharmaceuticals Inc / Ma)
Sign-On Cash Bonus. The Executive shall receive a sign-on cash bonus in the amount of $250,000 payable Within thirty (with appropriate deductions as required by law30) to the Executive at the first regular pay date applicable to the Executive days after the Effective Date, the Company shall pay Executive a lump sum cash amount of $200,000 (less applicable tax withholdings) to compensate Executive for, among other things, the portion of his fiscal year 2019 annual bonus accrued through the Effective Date. If Executive shall refund this sign-on bonus in the event that Executive voluntarily terminates this Agreement without his employment (other than for Good Reason, and other than as a result of death defined below), or Disabilityin the event the Company terminates his employment for Cause (as defined below), during the period commencing on the Effective Date and ending on prior to the first anniversary of the Effective Date, the Executive shall repay the sign-on cash bonus to the Company within 30 days of such termination.
Appears in 1 contract
Sign-On Cash Bonus. The Executive shall receive a sign-on cash bonus in the amount of $250,000 70,000 payable (with appropriate deductions as required by law) to the Executive at the first regular pay date applicable to the Executive after on the Effective Date. If In the event the Executive terminates this Agreement without “Good Reason, and other than as a result of death or Disability, ” during the period commencing on the Effective Date and ending on the first anniversary of the Effective Date, then the Executive shall repay the sign-on cash bonus to the Company within 30 thirty (30) days of such termination.
Appears in 1 contract
Samples: Employment Agreement (Vertex Pharmaceuticals Inc / Ma)
Sign-On Cash Bonus. The Executive shall receive a sign-on cash bonus in the amount of $250,000 payable Within thirty (with appropriate deductions as required by law30) to the Executive at the first regular pay date applicable to the Executive after the Effective Date. If the Executive terminates this Agreement without Good Reason, and other than as a result of death or Disability, during the period commencing on the Effective Date and ending on the first anniversary of days following the Effective Date, the Executive shall repay the be paid a lump sum cash sign-on cash bonus of $500,000; provided that, Executive shall repay to the Company within 30 days the gross amount of such terminationsign-on bonus if, prior to the one-year anniversary of the Effective Date, Executive terminates Executive’s employment without Good Reason or is terminated by the Company for Cause (each, as defined below).
Appears in 1 contract
Sign-On Cash Bonus. The Executive shall receive a sign-on cash bonus in the amount of $250,000 payable (with appropriate deductions as required by law) to the Executive at the first regular pay date applicable to the Executive after the Effective Date. If the Executive terminates this Agreement without “Good Reason, ,” and other than as a result of death or Disability, during the period commencing on the Effective Date and ending on the first anniversary of the Effective Date, the Executive shall repay the sign-on cash bonus to the Company within 30 thirty (30) days of such termination.
Appears in 1 contract
Samples: Employment Agreement (Vertex Pharmaceuticals Inc / Ma)
Sign-On Cash Bonus. The Executive shall receive a one-time sign-on cash bonus in an amount equal to $650,000, payable on the amount of $250,000 payable (with appropriate deductions as required by law) to the Executive at the first regular pay date applicable to the Executive next payroll period after the Effective Date. If Executive’s employment is terminated by the Company for Cause or by Executive terminates this Agreement without Good Reason, and other than as a result of death or Disability, during the period commencing on the Effective Date and ending on the first anniversary of in each case within one year after the Effective Date, the Executive shall repay the Company the amount of the sign-on cash bonus to provided under this Section 3(b)(i) within thirty (30) days after the Company within 30 days effective date of such termination.
Appears in 1 contract
Sign-On Cash Bonus. The Executive shall receive a sign-on cash bonus in the amount of $250,000 25,000 payable (with appropriate deductions as required by law) to the Executive at the first regular pay date applicable to the Executive after the Effective Date. If the Executive terminates this Agreement without Good Reason, and other than as a result of death or Disability, during the period commencing on the Effective Date and ending on the first anniversary of the Effective Date, the Executive shall repay the sign-on cash bonus to the Company within 30 days of such termination.
Appears in 1 contract
Samples: Employment Agreement (Vertex Pharmaceuticals Inc / Ma)
Sign-On Cash Bonus. The Executive shall receive a sign-on cash bonus in the amount of $250,000 365,000 payable (with appropriate deductions as required by law) to the Executive at the first regular pay date applicable to the Executive after the Effective Date. If the Executive terminates this Agreement without Good Reason, and other than as a result of death or Disability, during the period commencing on the Effective Date and ending on the first anniversary of the Effective Date, the Executive shall repay the sign-on cash bonus to the Company within 30 days of such termination.
Appears in 1 contract
Samples: Employment Agreement (Vertex Pharmaceuticals Inc / Ma)
Sign-On Cash Bonus. The Executive shall receive a sign-on cash bonus in the amount of $250,000 150,000 payable (with appropriate deductions as required by law) to the Executive at the first regular pay date applicable to the Executive after the Effective Date. If the Executive terminates this Agreement without Good Reason, and other than as a result of death or Disability, during the period commencing on the Effective Date and ending on the first anniversary of the Effective Date, the Executive shall repay the sign-on cash bonus to the Company within 30 60 days of such termination.
Appears in 1 contract
Samples: Employment Agreement (Vertex Pharmaceuticals Inc / Ma)