Sign-On Bonus Payback Agreement – Acknowledgment FormSign-on Bonus Payback Agreement • December 18th, 2023 • Clarios International Inc. • Miscellaneous electrical machinery, equipment & supplies
Per the terms of Employee offer letter, sign-on bonuses totaling $3,500,000 will be paid to Employee. These bonuses will be paid in two payments. The first of these in the amount of $1,000,000 Is payable on or around September 5, 2023, and the second in the amount of $2,500,000 will be paid on or around March 1, 2024.
Sign-On Bonus Payback Agreement - Acknowledgment FormSign-on Bonus Payback Agreement • December 18th, 2023 • Clarios International Inc. • Miscellaneous electrical machinery, equipment & supplies
In the event Employee voluntarily terminates employment with Clarios within one (1) year of receiving Sign-On Bonus Payment 1 - $120,000 (scheduled to be paid on the first payroll following hire date of 1/16/23), Employee agrees to fully reimburse Clarios for the sign on bonus received, including all tax gross up amounts paid on Employee’s behalf. In the event Employee voluntarily terminates employment with Clarios within two (2) years of receiving Sign-On Bonus Payment 1 - $120,000 (scheduled to be paid on the first payroll following hire date of 1/16/23), Employee agrees to reimburse Clarios for 50% ($60,000) of the sign on bonus received, including all tax gross up amounts paid on Employee’s behalf.
