Common use of Signing Bonus Clause in Contracts

Signing Bonus. The Company shall pay the Executive a lump sum cash signing bonus of $50,000 (the “Signing Bonus”) on the Company’s next regular payroll date following the Effective Date; provided that, the Executive shall repay the gross amount of the Signing Bonus if, prior to the date that is six (6) months after the Effective Date, the Executive terminates the Executive’s employment without Good Reason (as defined below) or the Company terminates the Executive’s employment for Cause (as defined below).

Appears in 4 contracts

Samples: Employment Agreement (Nuvve Holding Corp.), Employment Agreement (Nuvve Holding Corp.), Employment Agreement (NB Merger Corp.)

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Signing Bonus. The Within ten business days following the Effective Date, the Company shall pay the Executive a lump sum cash signing bonus in an amount of $50,000 550,000 (the “Signing Bonus”) on the Company’s next regular payroll date following the Effective Date); provided thatprovided, the however, Executive shall repay the gross amount of the Signing Bonus ($550,000) if, prior to the date that is six December 31, 2010, (6i) months after the Effective Date, the Executive terminates the Executive’s employment resigns without Good Reason or, (as defined belowii) or the Company terminates the Executive’s employment is terminated for Cause (as defined below)Cause.

Appears in 2 contracts

Samples: Employment Agreement, Employment Agreement (Red Robin Gourmet Burgers Inc)

Signing Bonus. The Company shall pay the Executive a lump sum cash signing bonus of $50,000 100,000 (the "Signing Bonus") on the Company’s next regular payroll date within 30 days following the Effective Commencement Date; provided provided, however, that, the Executive shall repay to the gross company the full amount of the Signing Bonus if, prior to the date that is six (6) months after one-year anniversary of the Effective Commencement Date, the Executive terminates the Executive’s her employment without Good Reason (as defined below) or is terminated by the Company terminates the Executive’s employment for Cause (as defined below)Cause.

Appears in 2 contracts

Samples: Employment Agreement (Watford Holdings Ltd.), Employment Agreement (Watford Holdings Ltd.)

Signing Bonus. The In addition, the Company shall pay the to Executive a lump sum cash one-time signing bonus of One Hundred Thousand Dollars ($50,000 100,000) (the “Signing Bonus”). The Signing Bonus shall be paid by the Company to Executive upon the completion of ninety (90) on the Company’s next regular payroll date days of employment following the Effective Start Date; provided thatprovided, however, that in the Executive shall repay the gross amount of the Signing Bonus if, prior to the date event that is six (6) months after the Effective Date, the Executive terminates the Executive’s employment without is terminated by the Company for Cause (as defined below) or by Executive other than for Good Reason (as defined below) or prior to the Company terminates date that is eighteen (18) months following the Executive’s employment for Cause (as defined below)Start Date, Executive shall promptly repay the full amount of the Signing Bonus to the Company.

Appears in 2 contracts

Samples: Employment Agreement (Affinion Group, Inc.), Employment Agreement (Affinion Group, Inc.)

Signing Bonus. The Within thirty days after the execution of this Agreement, the Company shall pay the to Executive a lump sum cash signing bonus in the amount of $50,000 25,000 (the "Signing Bonus”) on the Company’s next regular payroll date following the Effective Date; provided that, the "). Executive shall repay to the gross amount of Company the Signing Bonus if, prior to the date that if Executive is six (6) months after the Effective Date, the Executive terminates the Executive’s employment without Good Reason (as defined below) or terminated by the Company terminates the Executive’s employment for Cause (as defined below)hereinafter defined) during the Term or voluntarily resigns his employment hereunder during the first twelve months of the Term.

Appears in 2 contracts

Samples: Employment Agreement (Atlantic Technology Ventures Inc), Employment Agreement (Atlantic Technology Ventures Inc)

Signing Bonus. The On the Effective Date, the Company shall pay the Executive a lump sum cash signing bonus of equal to five hundred thousand dollars ($50,000 500,000) (the “Signing Bonus”) on ), less applicable tax withholding and other authorized deductions. If the CompanyExecutive’s next regular payroll date following employment hereunder is terminated by the Effective Date; provided that, Company for Cause or the Executive shall repay the gross amount of the Signing Bonus if, prior to the date that is six voluntarily terminates his employment other than with Good Reason within twenty-four (624) months after following the Effective Date, the Executive terminates hereby agrees to repay the Executive’s employment without Good Reason (as defined below) or Signing Bonus in full to the Company terminates the Executive’s employment for Cause (as defined below)Company.

Appears in 2 contracts

Samples: Restricted Stock Units (SPRINT Corp), Employment Agreement (SPRINT Corp)

Signing Bonus. The Within thirty days after the execution of this Agreement, the Company shall pay the to Executive a lump sum cash signing bonus in the amount of $50,000 (the "Signing Bonus”) on the Company’s next regular payroll date following the Effective Date; provided that, the "). Executive shall repay to the gross amount of Company the Signing Bonus if, prior to the date that if Executive is six (6) months after the Effective Date, the Executive terminates the Executive’s employment without Good Reason (as defined below) or terminated by the Company terminates the Executive’s employment for Cause (as defined below)hereinafter defined) during the Term or voluntarily resigns his employment hereunder during the first twelve months of the Term.

Appears in 2 contracts

Samples: Employment Agreement (Atlantic Technology Ventures Inc), Employment Agreement (Atlantic Technology Ventures Inc)

Signing Bonus. The Company shall pay the Executive a lump sum cash signing bonus of thirty thousand dollars ($50,000 30,000) (the "Signing Bonus") on payable at the Company’s next regular first full payroll date following the Effective Datecycle; provided provided, however, that, the Executive shall repay the gross amount of the Signing Bonus if, prior to the one year anniversary of the date that is six (6) months after the Effective Datehereof, the Executive terminates the Executive’s his employment without Good Reason (as defined below) or is terminated by the Company terminates the Executive’s employment for Cause (as defined below).

Appears in 1 contract

Samples: Employment Agreement (Cellectar Biosciences, Inc.)

Signing Bonus. The Company shall will pay the Executive a signing bonus in an amount equal to $1 million, payable in a lump sum cash signing bonus of $50,000 payment, less applicable taxes and deductions, within thirty (30) days following the Effective Date (the “Signing Bonus”) on the Company’s next regular payroll date following the Effective Date; provided that, the Executive shall repay the gross amount of the Signing Bonus if). If, prior to January 1, 2021, (i) the date that is six Company terminates Executive’s employment for Cause (6as defined below) months after the Effective Date, the or (ii) Executive terminates the Executive’s employment without Good Reason (as defined below), Executive shall promptly (and in any event within five days after such termination) or refund to the Company terminates the Executive’s employment for Cause (as defined below)full amount of the Signing Bonus.

Appears in 1 contract

Samples: Employment Agreement (Universal Insurance Holdings, Inc.)

Signing Bonus. The Company shall will pay the Executive a lump sum cash signing bonus of $50,000 (the “Signing Bonus”) 12,500 on the Company’s next regular first payroll date following the Effective Date; provided that, the Executive shall repay the gross amount of the Signing Bonus if, prior to the date that is six (6) months after the Effective Date, the which amount Executive terminates the will repay to Company in full if Executive’s employment without with the Company terminates within one year after the Effective Date for any reason other than a termination (i) by the Executive for Good Reason (as defined below), (ii) or by the Company terminates the Executive’s employment for other than Cause (as defined below)) or pursuant to Section 7.b. below or (iii) as a result of the death or disability of the Executive.

Appears in 1 contract

Samples: Executive Employment Agreement (Trevena Inc)

Signing Bonus. The Company shall pay the Executive a lump sum cash signing bonus of $50,000 1,000,000 (the “Signing Bonus”) on the Company’s next regular payroll date in cash within thirty (30) days following the Effective Date; provided thatprovided, however that in the event that the Executive terminates her employment during the first year of the Initial Term, other than for Good Reason, Disability or death, the Executive shall repay to the gross Company the full amount of the Signing Bonus if, prior to the date that is six (6) months after the Effective Date, the Executive terminates the Executive’s employment without Good Reason (as defined below) or the Company terminates the Executive’s employment for Cause (as defined below)immediately upon such termination.

Appears in 1 contract

Samples: Employment Agreement (Xpedx Holding Co)

Signing Bonus. (i) The Company shall pay the to Executive a lump sum cash signing bonus of (i) $50,000 900,000 plus (ii) an amount equal to (x) the Base Salary times (y) a fraction, the numerator of which is the number of days between the Start Date and the Effective Date, and the denominator of which is 365 (the “Cash Signing Bonus”) on the Company’s next regular payroll date following within 90 days after the Effective Date; provided that, the Executive shall repay the gross amount of the Signing Bonus ifDate unless, prior to the date that is six (6) months after the Effective Datesuch payment, the Executive terminates the Executive’s employment without Good Reason (as defined below) or the Company terminates the has terminated Executive’s employment for Cause or Executive has resigned without Good Reason (each as defined below).

Appears in 1 contract

Samples: Employment Agreement (99 Cents Only Stores LLC)

Signing Bonus. The On the next payday following thirty days after the Effective Date, the Company shall pay the Executive a lump sum cash signing bonus Signing Bonus of One Hundred Fifty Thousand ($50,000 (the “150,000) Dollars, less applicable withholding. The Signing Bonus”) on the Company’s next regular payroll date following the Effective Date; provided thatBonus shall be a one-time payment, the Executive shall repay the gross amount paid in consideration of the Signing Bonus if, Executive's loss of his 1999 bonus from his prior employer and shall be in addition to the date that is six (6) months after the Effective DateExecutive's Base Salary, the Executive terminates the Executive’s employment without Good Reason (as defined below) or the Company terminates the Executive’s employment for Cause (as defined below)annual incentive awards, long-term incentive programs and other compensation and benefits payable under this Agreement. 7 5.

Appears in 1 contract

Samples: Employment Agreement (Lechters Inc)

Signing Bonus. The Company shall pay the Executive a lump sum cash signing bonus of $50,000 225,000 (the "Signing Bonus") on the Company’s next regular payroll date within thirty (30) days following the Effective Date; provided that, the Executive shall repay the gross amount a pro rata portion of the Signing Bonus if, prior to the date that is six (6) months after third anniversary of the Effective Date, the Executive terminates the Executive’s his employment without Good Reason (as defined below) or is terminated by the Company terminates the Executive’s employment for Cause (as defined below).

Appears in 1 contract

Samples: Executive Employment Agreement (SunOpta Inc.)

Signing Bonus. The Company shall pay the Executive a lump sum cash signing bonus of $50,000 7,500 within 30 days of the Effective Date; provided, however, if Executive’s employment is terminated by the Company for Cause or Executive voluntarily without Good Reason within one (the “Signing Bonus”1) on the Company’s next regular payroll date year following the Effective Date; provided that, the Executive shall reimburse and repay to Company the gross amount of the Signing Bonus if, prior to the date that is six (6) months after the Effective Date, the Executive terminates the Executive’s employment without Good Reason (as defined below) or the Company terminates the Executive’s employment for Cause (as defined below)signing bonus.

Appears in 1 contract

Samples: Employment Agreement (Rite Aid Corp)

Signing Bonus. The Company shall pay the Executive Executive: (i) a lump sum one-time cash signing bonus of $50,000 (in the “Signing Bonus”) on the Company’s next first regular payroll date following after the Effective Date; provided that, and (ii) with respect to the payment, Executive shall repay the gross amount of the Signing Bonus $50,000 signing bonus set forth in 4.1(b)(i) if, prior to the date that is six within eighteen (618) months after of the Effective Date, the Executive terminates the Executive’s 's employment without Good Reason (as defined below) or the Company terminates the Executive’s 's employment for Cause (as defined below).. 4.2

Appears in 1 contract

Samples: Employment Agreement (Natural Gas Services Group Inc)

Signing Bonus. The Company shall pay the Executive a lump sum cash signing bonus of $50,000 (the “Signing Bonus”) on the Company’s next regular payroll date following the Effective Date; provided that, the Executive shall repay the gross amount of the Signing Bonus if, prior to the date that is six (6) months after the Effective Date, the Executive terminates the Executive’s 's employment without Good Reason (as defined below) or the Company terminates the Executive’s 's employment for Cause (as defined below).

Appears in 1 contract

Samples: Employment Agreement (Nuvve Holding Corp.)

Signing Bonus. The Company shall pay pay, or cause to be paid, to the Executive a lump sum cash signing bonus of $50,000 (the “Signing Bonus”) Executive, on the Company’s next first regular payroll date following the Effective Date; provided that, the Executive shall repay the gross amount of the Signing Bonus if, prior to the date that is six (6) months after the Effective Date, a one-time bonus of $50,000, which bonus the Executive terminates shall return to the Company within five (5) business days of the termination of the Executive’s employment within twelve (12) months of the Effective Date, if termination is by Company with Cause or by Executive without Good Reason (Reason, each as defined below) or the Company terminates the Executive’s employment for Cause (as defined below).

Appears in 1 contract

Samples: Employment Agreement (American Public Education Inc)

Signing Bonus. The Company shall pay the Executive a lump sum cash signing bonus of $50,000 30,000 (the “Signing Bonus”) on the Company’s next regular payroll date following the Effective Date); provided that, the Executive shall repay the gross amount of the Signing Bonus if, prior to the date that is six (6) months after the Effective Date, if the Executive terminates the Executive’s employment without Good Reason (as defined below) terminates voluntarily or involuntarily for any reason on or before the Company terminates one year anniversary of the Executive’s employment for Cause (as defined below)Effective Date.

Appears in 1 contract

Samples: Employment Agreement (Alaunos Therapeutics, Inc.)

Signing Bonus. The On or as soon as practicable following the Effective Date, the Company shall will pay to the Executive a lump sum cash signing bonus of equal to $50,000 400,000 (the “Signing Bonus”) on ). In the Companyevent that the Executive’s next regular payroll date following employment is terminated by the Effective Date; provided thatCompany for Cause or the Executive resigns without Good Reason, in either case prior to December 31, 2025, the Executive shall shall, upon such termination, repay to the gross Company the full amount of the Signing Bonus if, prior to the date that is six (6) months after the Effective Date, the Executive terminates the Executive’s employment without Good Reason (as defined below) or the Company terminates the Executive’s employment for Cause (as defined below)Bonus.

Appears in 1 contract

Samples: Employment Agreement (National Healthcare Properties, Inc.)

Signing Bonus. The Company shall pay the Executive a lump sum cash signing bonus of $50,000 (the “Signing Bonus”) on the Company’s next regular payroll date 350,000 within 30 days following the Effective Date; provided that, the Executive shall repay the gross amount of the Signing Bonus if, prior to the date that is six (6) months after one year from the Effective Date, the Executive terminates the Executive’s employment without Good Reason (as defined in Section 5(d) below) or the Company terminates the Executive’s employment for Cause (as defined in Section 5(c) below).

Appears in 1 contract

Samples: Employment Agreement (Mr. Cooper Group Inc.)

Signing Bonus. The Company shall pay the Executive a lump sum cash signing bonus of $50,000 30,000.00 (the "Signing Bonus") on the Company’s next regular payroll date within 360 days following the Effective Date; provided that, . the Executive shall repay the gross amount of the Signing Bonus if, prior to the date that is six (6) months after the Effective DateDecember 2013 , the Executive terminates the Executive’s his/her employment without Good Reason (as defined below) or is terminated by the Company terminates the Executive’s employment for Cause (as defined below).

Appears in 1 contract

Samples: Employment Agreement (Icon Vapor, Inc.)

Signing Bonus. The On or prior to Effective Date, Company shall pay the to Executive a lump sum cash signing bonus in the amount of $50,000 25,000 (the “Signing Bonus”) on the Company’s next regular payroll date following the Effective Date; provided that, the ). Executive shall be required to repay the gross amount of the Signing Bonus if, prior to the date that Company if Executive is six (6) months after the Effective Date, the Executive terminates the Executive’s employment without Good Reason (as defined below) or the terminated by Company terminates the Executive’s employment for Cause (as defined below)hereinafter defined) during the Term or voluntarily resigns his employment during the first eighteen (18) months of the Term.

Appears in 1 contract

Samples: Executive Employment Agreement (Innovative Payment Solutions, Inc.)

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Signing Bonus. The Company shall pay the Executive a lump sum cash signing bonus of $50,000 (the “Signing Bonus”) on of Fifteen Thousand ($15,000.00) in accordance with the Company’s next regular customary payroll date following practices but in no event later than the Company’s first payroll period subsequent to the Effective Date; provided that, that the Executive shall repay the gross amount of the Signing Bonus if, prior to the date that is six (6) months after sixth month anniversary of the Effective Date, the Executive terminates the Executive’s his employment without Good Reason (as defined below) or is terminated by the Company terminates the Executive’s employment for Cause (as defined below).

Appears in 1 contract

Samples: Employment Agreement (MYOS Corp)

Signing Bonus. The Promptly following the Effective Date, the Company shall will pay the Executive you a lump lump-sum cash signing bonus of amount equal to $50,000 250,000 (the “Signing Bonus”) on ). In the Company’s next regular payroll date following event that within the Effective Date; provided that, the Executive shall repay the gross amount of the Signing Bonus if, prior to the date that is first six (6) months after following the Effective Date, Date you resign prior to the appointment of a new Chief Executive terminates the Executive’s Officer or your employment without Good Reason (as defined below) or is terminated by the Company terminates for Cause, you will be required to repay the Executive’s employment for Cause (as defined below)Signing Bonus to the Company in full.

Appears in 1 contract

Samples: Michaels Companies, Inc.

Signing Bonus. The As consideration for entering into this Agreement, the Company shall pay the Executive a lump sum cash $200,000 signing bonus of $50,000 (the "Signing Bonus") on the Company’s next regular payroll date following the Effective Date; provided that, the . The Executive shall repay be required to reimburse the gross Company for the full amount of the Signing Bonus if, prior to if he voluntarily terminates employment with the date that is six (6) months after the Effective Date, the Executive terminates the Executive’s employment Company without Good Reason (as defined in Section 7(c) below) or at any time prior to the Company terminates first anniversary of the Executive’s employment for Cause (as defined below)Effective Date.

Appears in 1 contract

Samples: Employment Agreement (Worldspan BBN Holdings LLC)

Signing Bonus. (a) The Company shall pay the Executive a lump sum cash signing bonus of $50,000 100,000 (the "Signing Bonus") on the Company’s next regular payroll date within two weeks following the Effective DateSigning Date of this Agreement; provided that, the Executive shall repay the gross amount a pro rata portion of the Signing Bonus if, prior to the date that is six (6) months after first anniversary of the Effective Dateeffective date, the Executive terminates the Executive’s his employment without Good Reason (as defined below) or is terminated by the Company terminates the Executive’s employment for Cause (as defined below).

Appears in 1 contract

Samples: Employment Agreement (Diversified Restaurant Holdings, Inc.)

Signing Bonus. The Company shall pay the Executive a lump sum cash signing bonus of $50,000 100,000 (the “Signing Bonus”) on the Company’s next regular payroll date following within 30 days after the Effective Date; provided that, that if within the Executive shall repay the gross amount of the Signing Bonus if, prior to the date that is six (6) months after one year period immediately following the Effective Date, the Executive terminates the Executive’s his employment without other than for Good Reason (as defined below) or the Company terminates the Executive’s employment for Cause (as defined below), then the Executive shall repay the entire Signing Bonus to the Company within 30 days after the Date of Termination (as defined below). The Signing Bonus shall be subject to applicable deductions and tax withholdings.

Appears in 1 contract

Samples: Employment Agreement (Neos Therapeutics, Inc.)

Signing Bonus. The In consideration of Executive’s execution and delivery of this Agreement and his commencement of employment with the Company, the Company shall will pay the to Executive a one-time lump sum cash signing bonus payment in the gross amount of $50,000 1,150,000, less required and authorized deductions and withholdings (the “Signing Bonus”) ), which shall be payable on the Company’s next regular first payroll date following the Effective Date; provided that, the Executive shall repay the gross amount of the Signing Bonus if, . If Executive’s employment ends prior to the date that is six (6) months after first anniversary of the Effective Date, Date due to termination by the Company for Cause (as defined below) or resignation by Executive terminates the Executive’s employment without other than for Good Reason (as defined below) or ), Executive will repay the Company terminates for the Executive’s employment for Cause (as defined below)full amount of the Signing Bonus.

Appears in 1 contract

Samples: Employment Agreement (Deluxe Corp)

Signing Bonus. The On or about the first regularly scheduled Company payroll date following the sixty day anniversary of the Effective Date, the Company shall pay the Executive a lump sum cash one-time signing bonus of $50,000 (the “Signing Bonus”) on ); provided, that in the Company’s next regular payroll date following the Effective Date; provided that, the event Executive shall repay the gross amount of the Signing Bonus if, prior to the date that is six (6) months after the Effective Date, the Executive terminates the Executive’s voluntarily resigns his employment without Good Reason (as defined below) or with the Company terminates or is terminated by the Executive’s employment Company for Cause (as defined below), in either case prior to the two (2) year anniversary of the Effective Date, Executive shall be required to repay to the Company all of the Signing Bonus, including all taxes paid by the Company in respect of the Signing Bonus.

Appears in 1 contract

Samples: Employment Agreement (Hemisphere Media Group, Inc.)

Signing Bonus. The As soon as practicable following the date hereof, the Company shall pay the Executive a lump sum cash signing bonus of $50,000 250,000 (the “Signing Bonus”) on ). In the Companyevent that Executive’s next regular payroll date following employment with the Effective Date; provided that, the Executive shall repay the gross amount of the Signing Bonus if, Company terminates prior to the date that is six (6) months after first anniversary of the Effective Date, Date due to a termination by the Company for Cause (as defined below) or by Executive terminates the Executive’s employment without Good Reason (as defined below) or ), Executive shall be required to repay the Company terminates Company, within 10 business days of such termination, the Executive’s employment for Cause (as defined below)full amount of the Signing Bonus.

Appears in 1 contract

Samples: Employment Agreement (Borders Group Inc)

Signing Bonus. The Company shall pay the Executive a lump sum cash signing bonus in an aggregate amount of $50,000 50,000, less applicable withholding, (the “Signing Bonus”) on the Company’s next regular payroll date following the Effective Commencement Date; provided that, the Executive shall repay the gross amount of the Signing Bonus if, prior to the date that is six (6) months after the Effective Date, . If the Executive terminates the Executive’s his employment without for any reason other than Good Reason (as defined below) or prior to the one-year anniversary of the Commencement Date, the Executive shall return the Signing Bonus to the Company terminates within ten (10) days of the Executive’s employment for Cause (as defined below)date of termination.

Appears in 1 contract

Samples: Employment Agreement (Rib-X Pharmaceuticals, Inc.)

Signing Bonus. The On or promptly following the Effective Date, the Company shall pay the Executive a lump sum cash signing bonus of $50,000 600,000 (the “Signing Bonus”) on ). If the CompanyExecutive’s next regular payroll date following employment is terminated by the Effective Date; provided that, Company for Cause or the Executive shall repay the gross amount of the Signing Bonus ifresigns other than for Good Reason, prior to the date that is six in either case within one (61) months after year following the Effective Date, the Executive terminates the Executive’s employment without Good Reason (as defined below) or shall promptly repay to the Company terminates the Executive’s employment for Cause product of (as defined below)A) the Signing Bonus and (B) a fraction, the numerator of which is (x) 12 minus (y) the number of complete months from the Effective Date through the date of termination, and the denominator of which is 12.

Appears in 1 contract

Samples: Employment Agreement (Monro Muffler Brake Inc)

Signing Bonus. The Company shall pay the Executive a lump sum cash signing bonus of $50,000 (the “Signing Bonus”) on the Company’s next regular payroll date less standard withholding taxes within 30 days following the Effective Date; provided that, the Executive shall repay the gross amount of the Signing Bonus if, prior to the date that is six (6) twelve months after from the Effective Date, the Executive terminates the Executive’s her employment without Good Reason (as defined below) or is terminated by the Company terminates the Executive’s employment for Cause (as defined below).

Appears in 1 contract

Samples: Employment Agreement (Celldex Therapeutics, Inc.)

Signing Bonus. The Company shall pay the Executive a lump sum cash signing bonus of $50,000 600,000 (the “Signing Bonus”) on the Company’s next regular payroll date within 30 days following the Effective Date; provided that, that the Executive shall repay the gross amount a pro rata portion of the Signing Bonus within 10 days following the Executive’s termination of employment if, prior to the date that is six (6) months after second anniversary of the Effective Date, the Executive terminates the Executive’s employment without Good Reason (as defined below) or the Company terminates the Executive’s employment for Cause (as defined below).

Appears in 1 contract

Samples: Executive Employment Agreement (WEBTOON Entertainment Inc.)

Signing Bonus. The Company shall pay the Executive a lump sum cash signing bonus of $50,000 (the “Signing Bonus”) on the Company’s next regular payroll date following the Effective Date; provided that, the Executive shall repay the gross amount of the Signing Bonus if, prior to the date that is six (6) months after On the Effective Date, the Company shall pay to the Executive terminates a signing bonus in the Executive’s amount of $250,000 (the "Signing Bonus"). In the event that the employment without Good Reason (of the Executive is terminated prior to February 1, 2005 by the Company for Cause as defined belowin Section 4(c)(ii)(B), (C), (D), or (E) hereof or voluntarily by the Executive pursuant to Section 4(e) hereof, the Executive shall be obligated to repay to the Company terminates within 30 days following such termination of employment the Executive’s employment for Cause (as defined below)entire amount of the Signing Bonus.

Appears in 1 contract

Samples: Employment Agreement (Aon Corp)

Signing Bonus. The Company shall pay the Executive a lump sum cash signing bonus ("Signing Bonus") in the amount of $50,000 (the “Signing Bonus”) on the Company’s next regular payroll date as soon as practicable following the Effective Date; provided thatexecution of this Agreement, but in no event sooner than seven (7) days thereafter. In the event that the Executive's employment with the Company is either terminated by the Company for Cause pursuant to Section 5(c) or by the Executive shall repay the gross amount of pursuant to Section 5(e) for other than Good Reason prior to September 21, 1999, the Signing Bonus if, prior shall be repaid by the Executive to the date that is six (6) months after the Effective Date, the Executive terminates the Executive’s employment without Good Reason (as defined below) or the Company terminates the Executive’s employment for Cause (as defined below)Company.

Appears in 1 contract

Samples: Employment Agreement (Ogden Corp)

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