Signing Bonus Grant Sample Clauses

Signing Bonus Grant. On the Effective Date, the Company shall also grant to Executive 72,000 shares of restricted stock and an option to purchase 55,350 shares of Company stock (the “Signing Bonus Grant”). Such restricted stock and stock options issued pursuant to the Signing Bonus Grant shall vest fifty percent (50%) on the first anniversary of the grant date and the remainder shall vest on the second anniversary of the grant date. The stock option award portion of the Signing Bonus Grant shall be made in accordance with, and subject to, the terms of the Stock Plan and applicable law, and will be in the form and substance as set forth in Exhibit E to this Agreement. The restricted stock award portion of the Signing Bonus Grant shall be made in accordance with applicable law, and will be in the form and substance as set forth in Exhibit F to this Agreement.
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Signing Bonus Grant. Subject to and upon the terms and conditions set forth in this Agreement and the Employment Agreement, the Company hereby grants to Executive 72,000 shares of restricted stock of the Company (the “Restricted Stock Signing Bonus Grant”), effective as of the Grant Date, and the Executive hereby accepts the Restricted Stock Signing Bonus Grant on a restricted basis, as set forth herein.
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Signing Bonus Grant. As soon as practicable after the Effective Date but in no event later than December 31, 2015, Executive shall be granted 200,000 AMID phantom units under the LTIP (the “Signing Bonus Grant”). The Signing Bonus Grant will be evidenced by and will be subject to the terms and conditions of a separate award agreement consistent with the terms of this Agreement and will vest entirely upon the third anniversary of the Effective Date, subject to the Executive’s continued employment with the Company on such date; provided, however, that the Signing Bonus Grant agreement shall provide that the Signing Bonus Grant will become accelerated and vested as provided in paragraph 3.8 and Article 4. The Signing Bonus Grant will be granted in tandem with DERs that will entitle the Executive to receive cash distribution equivalent payments only in the same proportion as AMID’s Series A Preferred Units receive distributions in cash (as opposed to such Series A Preferred Units receiving distributions in the form of paid-in-kind units (“PIK Units”)). For example, if for a given quarter when the Signing Bonus Grant is outstanding, AMID pays distributions on AMID’s Series A Preferred Units 50% in cash and 50% in the form of PIK Units, the Executive will receive a cash distribution equivalent payment in respect of the Signing Bonus Grant for 50% of the common units subject to the award. If for any reason AMID’s Series A Preferred Units cease to be outstanding before the Signing Bonus Grant has fully vested, the Executive will receive the same cash distributions per phantom unit comprising the Signing Bonus Grant as are received by holders of AMID’s common units.
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Signing Bonus Grant. Executive shall receive the following:
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Related to Signing Bonus Grant

  • Signing Bonus Executive shall receive a special one-time signing bonus in the amount of $300,000 (less statutory withholdings) payable within ten business days following the later of (i) the Company’s receipt of this Agreement signed by Executive or (ii) Executive’s commencement of employment hereunder.

  • Incentive and Bonus Compensation The Executive shall be eligible to participate in the Company’s existing and future bonus and stock option plans and other incentive compensation programs for similarly situated executives (collectively, “Plans”), to the extent that the Executive is qualified to participate in any such Plan under the generally applicable provisions thereof in effect from time to time. Such eligibility is not a guarantee of participation in or of the receipt of any award, payment or other compensation under any Plan. To the extent the Executive does participate in a Plan and the Plan does not expressly provide otherwise, the Chief Executive Officer and/or the Board, as appropriate, may determine all terms of participation (including, without limitation, the type and size of any award, payment or other compensation and the timing and conditions of receipt thereof by the Executive) in the Chief Executive Officer’s or the Board’s sole and absolute discretion. Nothing herein shall be deemed to prohibit the Company or the Board from amending or terminating any and all Plans in its sole and absolute discretion. Except as otherwise provided herein, the terms of each Plan shall govern the Executive’s rights and obligations thereunder during the Executive’s employment and upon the termination thereof. Without limiting the generality of the foregoing, the definition of “Cause” hereunder shall not supersede the definition of “cause” in any Plan (unless the Plan expressly defers to the definition of “cause” under an executive’s employment agreement) and any rights of the Executive hereunder upon and subsequent to the termination of the Executive’s employment shall be in addition to, and not in lieu of, any right of the Executive under any Plan then in effect upon or subsequent to a termination of employment.

  • Incentive Bonuses The Employee shall be eligible to be considered for an annual incentive bonus with a target amount equal to 50% of his Base Compensation. Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Company's Board of Directors (the "Board") or its Compensation Committee. The determinations of the Board or such Committee with respect to such bonus shall be final and binding.

  • Annual Bonus Compensation In addition to your Salary, during the Employment Term you shall be eligible to earn an annual bonus for each whole or partial calendar year during the Employment Term, determined and payable as follows (the “Bonus”):

  • Incentive Bonus During the Term, Employee shall be eligible to receive an incentive bonus up to the amount, based upon the criteria, and payable in such amount, at such times as are specified in Exhibit A attached hereto. The manner of payment, and form of consideration, if any, shall be determined by the Compensation Committee of the Board, in its sole and absolute discretion, and such determination shall be binding and final. To the extent that such bonus is to be determined in light of financial performance during a specified fiscal period and this Agreement commences on a date after the start of such fiscal period, any bonus payable in respect of such fiscal period's results may be prorated. In addition, if the period of Employee's employment hereunder expires before the end of a fiscal period, and if Employee is eligible to receive a bonus at such time (such eligibility being subject to the restrictions set forth in Section 6 below), any bonus payable in respect of such fiscal period's results may be prorated.

  • Performance Bonuses The Executive will be eligible to receive an annual cash bonus at an annualized rate of up to 40% of his base salary, based on the achievement of reasonable individual and Company performance targets to be established by the Company and Parent.

  • Cash Bonus Executive shall be entitled to a fraction of any Cash Bonus for the fiscal year of the Company within which Executive’s termination of employment occurs which, based upon the criteria established for such Cash Bonus, would have been payable to Executive had he remained employed through the date of payment, the numerator of which is the number of days of such fiscal year prior to his termination of employment and the denominator of which is three hundred and sixty-five (365); and

  • Cash Incentive Bonus The pro rata share of any Cash Incentive Bonus that would have been paid to the Executive had the Executive not been terminated Without Cause based on the extent to which performance standards are met on the last day of the year in which the Executive is terminated Without Cause.

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