Sign-on Incentive. An additional incentive to Employee for signing this agreement shall be options to purchase Company's stock if a public offering is consummated as follows; on signing, 100,000 options at a price of $.05 cents per share, at the beginning of year 2, 100,000 options at a price of $.15 cents per share, and at the beginning of year 3, 100,000 options at a price of $.75 per share. Options shall be considered vested, and fully exercisable, when issued. This paragraph is in addition to any compensation referred to in section (4) of this agreement.
Sign-on Incentive. In consideration of the Executive's entering into this Agreement, the Company has paid to the Executive in cash the sum of $ .
Sign-on Incentive. Subject to the approval of the Board or a committee, Executive shall receive a one-time grant of 190,000 restricted stock units under the Company’s Plan as an inducement to accept the Company’s offer of employment as governed by this Agreement. Such grant is subject to the approval of the Company’s Board of Directors and the Plan’s terms and conditions, as well as the terms and conditions of the grant.
Sign-on Incentive. Executive shall receive a one-time grant of restricted stock units valued at $215,000 using a trailing 30-day volume weighted average price (“VWAP”) under the Company’s Plan, and vesting on the one-year anniversary of this xxxxx’x xxxxx date as an inducement to accept the Company’s offer of employment as governed by this Agreement. Such one-time grant is subject to the approval of the Company’s Board of Directors (such approval shall not be unreasonably withheld) and the Plan’s terms and conditions, as well as the terms and conditions of the one-time grant.
Sign-on Incentive. We are offering you an award of restricted Cambridge Trust stock with a total value of $140,000 (35% of base) to be issued after 90 days of employment and vesting over a period of three years from date of issuance.
Sign-on Incentive. The Company will pay a sign-on incentive to the Executive in the amount of 766,900 common stock options, ten year term, vesting ratably over three years and valued in accordance with the Black-Scholes method based on the current market price of the Company’s shares as of the date he commences employment pursuant to this Agreement. The terms of this Agreement will supersede and take precedence over any terms of the Nonqualified Stock Option Agreement to the extent the terms of the Nonqualified Stock Option Agreement are contradictory or inconsistent with the terms of this Agreement.
Sign-on Incentive. Within fifteen (15) days of appointment as President and COO, Xx. Xxxxx will receive a total of $200,000 to cover his expected annual bonus and an outstanding loan from his current employer. The total of those two payments will satisfy the Company’s bonus commitment to Xx. Xxxxx for his employment in 2005. Employment Agreement
Sign-on Incentive. The Company will pay a sign-on incentive to the Executive in the amount of $250,000.00 in the form of cash, to be paid within 7 days from the date he commences employment pursuant to this Agreement.
Sign-on Incentive. The Executive shall be granted 5% of the fully diluted outstanding shares of the firm in restricted stock or stock options equivalents of the same value upon commencement, March 29, 2016.
Sign-on Incentive. The Executive shall receive a sign-on equity award of restricted share units equivalent to $1,050,000. Such sign-on equity award (i) shall be granted as soon as practical on or after the Effective Date upon approval of the Board, (i) will vest in equal installments over a three-year vesting period, with the first vesting occurring on the first anniversary of the Effective Date, and (iii) will be subject to such other criteria as established by the Board.
