Signing Bonuses definition
Examples of Signing Bonuses in a sentence
Section 3 (Confidentiality), Section 8.2 and 8.3 (Signing Bonuses and Incentive Payments), Section 10 (Mitigation and Offset), Section 12 (Legal Expenses), and Section 13 (Indemnification) will survive termination of this Agreement.
Unless a Player and Club expressly agree to the contrary, in the event a Player's SPC is extended an additional year in accordance with this subsection, all terms of the SPC, with the exception of Signing Bonuses, but including Paragraph 1 Salary, games played bonuses and Exhibit 5 bonuses, shall be extended; provided, however, that the Player's Paragraph 1 Salary shall be extended in all circumstances.
On the Closing Date, the "Purchase Price" shall be the sum of: (i) the Closing Cash Payment (defined in subparagraph (b) below); plus (ii) the Indemnity Deposit; plus (iii) the Current Receivables Deposit; plus (iv) the aggregate Straddle Period Accruals; plus (v) the Signing Bonuses.
If, prior to July 2, 2011, you are terminated by the Company for Cause or resign your employment with the Company other than for Good Reason you shall repay to the Company the full amount of all of the Extension Signing Bonuses previously paid to you pursuant to this Section 4(a).
If, prior to the first anniversary of the Start Date, Employee voluntarily terminates Employee's employment as contemplated by Section 5(d), Employee agrees that Employee will reimburse Company for the unearned, pro rata portion of the Signing Bonuses based on Employee's actual length of employment.
Signing Bonuses and New Hire Incentives With respect to signing bonuses, stipends and other New Hire incentives, the Company has the discretion to offer, and to increase or decrease, signing bonuses and/or incentives in its recruitment efforts of New Hire Flight Attendants.
Signing Bonuses will be paid through available funds at the time they are needed.
Without limiting the foregoing, in the event that Purchaser offers any pre-Closing Signing Bonuses up to Forty Thousand Dollars ($40,000), the Purchase Price shall be further reduced by the lesser of: (i) the amount of such aggregate pre- Closing Signing Bonuses, and (ii) Forty Thousand Dollars ($40,000.00).
Subject to Section 9.8(c), the Seller shall be solely responsible for, and shall indemnify and hold harmless the Purchaser from, [***] of the cost of any [***] Signing Bonus (the aggregate Seller liability pursuant to this sentence, the “Seller [***] Signing Bonus Reimbursement” and the aggregate remaining Purchaser liability for the [***] Signing Bonuses, the “Purchaser [***] Signing Bonus Cost”).
The Signing Bonuses will be treated as an advance payment that is earned over a one-year period.