Related to Sign on Incentives

Sign-On Bonus Executive shall receive a one-time sign-on bonus of $1,000,000 in cash (the “Sign-on Bonus”), payable within 15 days following the Start Date. Executive agrees to reimburse the Company for the Sign-on Bonus if the Company terminates Executive’s employment for Cause or Executive resigns without Good Reason within the 12-month period following the Start Date.
Equity Incentives To the extent the Company adopts and maintains a share incentive plan, the Executive will be eligible to participate in such plan pursuant to the terms thereof.
Performance Bonus The Executive shall be eligible to receive an annual performance bonus, payable within sixty (60) days after the end of the fiscal year of the Employer, in an amount not to exceed twenty-five percent (25%) of the Executive's Base Salary for the applicable year. The amount, if any, shall be determined by the Board, or the appropriate committee thereof, and shall generally be based on a combination of organization-wide and individual performance criteria.

Sign on Incentives Sample Clauses