Common use of Signing Bonus Adjustment Clause in Contracts

Signing Bonus Adjustment. If the contract contains a signing bonus, the bonus, irrespective of payment dates, shall be prorated and included in equal amounts as part of the Base Salary for each year of the contract. If any portion of the sign- ing bonus is deferred beyond the expiration of the contract, the present value of the signing bonus shall be used for purposes of the calculation in this paragraph 2(b)(ii).

Signing Bonus Adjustment. If the contract contains a signing bonus, the bonus, irrespective of payment dates, signing bonus shall be prorated and included in equal amounts as part of added to the Base Salary for each year of the contractSalary. If any portion of the sign- ing signing bonus is deferred beyond the expiration of the contractdeferred, the present value of the signing bonus shall be used for purposes of the calculation in this paragraph 2(b)(ii2(a)(iii).