Example ContractsClausesConditional Sign on Bonus
Conditional Sign on Bonus
Conditional Sign on Bonus contract clause examples

Conditional Sign-On Bonus. GMPW agrees to pay Candidate a one-time Conditional Sign-On Bonus of 10 million shares of its common stocks (“Bonus”), subject to all required taxes and withholdings, to be paid effective immediately or upon the date on which GMPW amends its articles of incorporation to increase the number of authorized shares of Common Stock to a number of shares sufficient to permit the payment within thirty (30) days following Officer’s first day of work for GMPW (“Start Date”). The Parties agree that the Bonus is an unvested wage advance upon receipt that Candidate will earn in its entirety by remaining employed by GMPW for 12 months following the Start Date.

Sign-on Bonus. As soon as practicable after the Commencement Date, the Company shall pay to the Executive a cash bonus in the amount of $750,000 (the “Sign-On Bonus”) to replace the 2023 annual cash incentive the Executive was expected to earn from the Prior Employer; provided, that the Executive shall repay to the Company # one-hundred percent (100%) of the Sign-On Bonus if the Executive resigns from the Company without Good Reason (as defined below) or is terminated by the Company for Due Cause (as defined below) prior to the first anniversary of the Commencement Date, and # fifty percent (50%) of the Sign-On Bonus if the Executive resigns from the Company without Good Reason or is terminated by the Company for Due Cause on or after the first anniversary of Commencement Date but prior to the second anniversary of the Commencement Date.

Sign-On Bonus. The Bank will pay Executive a sign-on bonus (the “Sign-On Bonus”) in the amount of $215,000, within 30 days following the Effective Date, provided that if on or before the 12-month anniversary of the Effective Date Executive terminates his or her employment hereunder (other than for Good Reason) or the Bank terminates Executive’s employment for Cause, Executive must repay the Bank the Sign-On Bonus, pro-rated based on the number of calendar days remaining between the date that Executive’s employment ends and the 12-month anniversary of the Effective Date.

Sign-On Bonus. Conditional upon the CFO initiating employment with the Company as of the Effective Date, Company agrees to pay CFO an aggregate sign-on bonus of $100,000, of which one-half ($50,000) is payable to CFO within thirty (30) days of the Effective Date, and the second half ($50,000) will be payable thirty (30) days subsequent to the earlier of # closing of an initial public offering of the Company’s stock and # the six (6) month anniversary of the Effective Date.

Conditional Severance. Severance benefits paid in excess of Base Severance is referred to as Conditional Severance. The Company will provide one week of Pay, inclusive of Base Severance, for each completed full Year of Service (and one additional half week of Pay if an Employee, in addition to completed full Years of Service, also has completed at least 6 months, but less than 12 months of service in an only partially completed year), if the Participant’s service exceeds three years and the Employee signs a separation agreement prepared by the Company containing a waiver and release of claims. If the Employee signs a separation agreement prepared by the Company containing a waiver and release of claims, the minimum severance benefit payable inclusive of Base and Conditional Severance shall be three (3) weeks of Pay, if the Participant’s service is three years or less. For Employees below compensation Band I, severance benefits, including Base Severance, are capped at thirty-nine (39) weeks.

Sign On Bonus. To help you with your transition to Greenlight, the company agrees to pay you a one-time conditional Sign-On Bonus in cash, consisting of two segments as follows: $75,000 to be paid within thirty days of your start date; another $75,000 to be paid within thirty days of the first anniversary of your employment start date (collectively the “Sign-On Bonus”); provided, however, that you agree that if you voluntarily resign from the company for any reason within twelve months of the receipt of any segment of the Sign-On Bonus, the gross amount of that segment must be repaid in full. You further agree that you will repay the Sign-On Bonus no later than the effective date of your resignation. Receipt of the Sign-On Bonus segments is contingent on continued employment during the two-year period. Should you voluntarily resign or be involuntarily terminated for cause, prior to the receipt of any of the segments, the payment of the outstanding segment of the Sign-On Bonus will forfeit.

Sign Specifications. All Tenant Signage shall comply with all applicable laws and ordinances, these Sign Criteria and the Sign Specifications attached hereto as Exhibit C-1.

Lobby Sign. Tenant shall also have the non-exclusive right to have its name and logo on a sign in the lobby (the “Lobby Sign”) in one (1) of the two (2) locations shown on Exhibit M-11] attached hereto, as designated by Landlord in its sole discretion, subject to Tenant obtaining all permits and approvals required by Law, including without limitation, the approval of the City of Boston and the Boston Planning and Development Agency. Landlord shall approve the Lobby Sign (and any replacement thereof) prior to its installation, such approval not to be unreasonably withheld, conditioned or delayed; provided, however, it shall not be unreasonable for Landlord to withhold its approval of a proposed Lobby Sign that # contains more than one color (i.e., is not monochromatic), # is not compatible with the first-class appearance, quality and operation of the Building, or # is not in compliance with Exhibit M-11]. Landlord agrees that Landlord shall not permit any sign to be installed in the lobby by any other tenant of the Building, or on behalf of any other tenant of the Building, that has larger lettering or occupies a larger area than that permitted for Tenant’s Lobby Sign.

Additional Conditional Severance. In addition, the Company reserves the right to pay additional amounts to Employees, but the Company may exercise its discretion to pay no additional amount at all. In order to receive Additional Conditional Severance, the Employee is required to sign a separation agreement prepared by the Company containing a waiver and release of claims.

The Company will provide you with a sign-on bonus of $200,000.00, to be paid on your first pay cycle, which will be subject to customary deductions and withholdings as required by law. If you should voluntarily terminate your employment with Sage within the first 12 months of receiving the sign-on bonus, you agree to return the net amount of the payment within 30 days of your departure date. If you should voluntarily terminate your employment with Sage within 13-24 months of receiving the sign-on bonus, you agree to return to the Company 50% of the net amount of the sign-on bonus within 30 days of your departure date.

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