Signing and Retention Bonus. The City, at its sole discretion, has the option of providing signing or retention bonuses, up to a maximum of 5.25% of salary, for any classification for which the City is experiencing difficulty in recruiting or retaining. This additional funding will not be included in the salary survey. The City will notify the BMA prior to application of this Section to any specific position.
Signing and Retention Bonus. The Company shall pay to Executive a bonus of $25,000, which shall be payable in a lump sum as soon as reasonably practicable following the Effective Date. In the event that Executive’s employment is terminated for Cause (as defined below) or if Executive resigns from the Company without Good Reason (as defined below) prior to the first anniversary of the Effective Date, Executive agrees to reimburse the Company for such bonus; provided however, that the amount of the reimbursed bonus to the Company shall be reduced by $2,083 (1/12th of the total bonus) for each complete month of Executive’s employment with the Company, calculated from the Effective Date. Executive hereby agrees that the Company may deduct such bonus reimbursement from any or all payments due to Executive from the Company, including from his last paycheck (to the extent legally permissible), and Executive agrees to provide the Company with any further written authorization of the deduction as may be reasonably requested by the Company to authorize, facilitate or substantiate such deduction.
Signing and Retention Bonus. Subject to the provisions of Section 5, the Company shall pay the Executive (i) a signing bonus of One Hundred Thousand Dollars ($100,000) on the first regular pay period following the Effective Date and (ii) a retention bonus of One Hundred Thousand Dollars ($100,000) on the first regular pay period following the first anniversary of the Effective Date.
Signing and Retention Bonus. The Company will provide the Executive a Signing and Retention Bonus in the gross amount of five hundred thousand dollars ($500,000) (the “Signing and Retention Bonus”), which will be paid by the Company no later than thirty (30) days following the Effective Date. The Signing and Retention Bonus is taxable, and all regular payroll taxes will be withheld. The Signing and Retention Bonus shall not be fully earned until the Executive remains employed with the Company for a period of thirty-six (36) months from the Effective Date.
Signing and Retention Bonus. The City, at its sole discretion, has the option of providing signing or retention bonuses, up to a maximum of 5.25% of salary, for any classification for which the City is experiencing difficulty in recruiting or retaining. Further, effective the pay period containing July 1, 2017, the City has the option of providing a signing or retention bonus for the classification of Manager Electrical Distribution up to the maximum retention bonus percentage granted in the IBEW MOU. This additional funding will not be included in the salary survey. The City will notify the BMA prior to application of this Section to any specific position.
Signing and Retention Bonus. The Company shall pay you a one-time signing bonus in an amount equal to $10,000 on the Effective Time. In addition, Company agrees to pay you a retention bonus in an amount equal to $10,000 on the six (6) month anniversary of the Employment Time and an additional $10,000 in retention bonus on the twelve (12) month anniversary of the Employment Time. These payments will be made to you only in the event you continue to be a full-time employee at the Company and within thirty (30) days after the milestones set forth above.
Signing and Retention Bonus. Provided that Executive continues to be employed by the Company at the dates established hereafter in this section for payment, he shall be paid a bonus of Seventy-five thousand and 00/100 dollars ($75,000) on April 1, 2007 and Seventy-five thousand and 00/100 dollars ($75,000) on April 1, 2008.
Signing and Retention Bonus. As an incentive to encourage you to become employed with Draxis, and to remain employed with Draxis, you were paid the gross amount of $20,000 ("Retention Bonus"). You expressly agree to fully repay to Draxis the total amount of $20,000 in the event that you resign, retire or are terminated with cause prior to August 1, 2000. By executing this Agreement, in the event that you resign, retire or are terminated for cause on or prior to August 1, 2000, you hereby authorize Draxis to deduct $20,000 (or a portion thereof), from any outstanding amounts which Draxis may owe to you at the time of your resignation, retirement or termination for cause. Xxx Xxxxxxx April 15, 1999
Signing and Retention Bonus. Upon the execution of this Agreement, the Company shall pay Employee a lump-sum amount equal to $1,500,000. Employee shall also be entitled to a retention bonus pursuant to the Company executive retention bonus plan adopted by the Board on October 14, 2005. Such retention bonus shall be determined based on Employee’s Base Salary in effect at the end of the fiscal year 2005.
Signing and Retention Bonus. Upon the execution of this Agreement, the Company xxxXX pay to the Executive a signing bonus of $100,000 and the Company will also pay $200,000 (the “Retention Payment”) into an escrow account. Provided that the Executive remains an employee of the Company or any of its subsidiaries through April 30, 2002, escrow company shall release the Retention Payment to the Executive. The Retention Payment shall be released from escrow immediately upon the earliest to occur of the following events: (A) a Change of Control (as defined in Section 4(f) of this Agreement) or (B) the Executive’s termination of employment with the Company pursuant to Section 4(a), (c),(d) or (e) or (C) April 30,2002. Nothing in this Section 3(i) shall limit or otherwise mitigate the Company’s obligation to make any payments or provide any benefits required by Section 4 of this Agreement.
