Example ContractsClausesRepayment of Bonus
Repayment of Bonus
Repayment of Bonus contract clause examples

Repayment of Bonus. Candidate agrees to repay to GMPW all or a prorated amount of the Bonus, according to the following terms:

Repayment. The Note may be repaid at an amount equal to 100% of the aggregate of the outstanding principal balance of the Note and accrued and unpaid interest. The [[Organization A:Organization]] shall provide at least 3 days’ prior written notice to the Holder, during which time the Holder may convert the Note in whole or in part.

Repayment. The Borrower hereby unconditionally promises to pay the Loans as follows:

Repayment. The Borrower promises to pay the Term Loan then outstanding on the Maturity Date.

Repayment. If the Company is required to prepare an accounting restatement to correct an accounting error included in a report on Form 10-Q or 10-K caused by the misconduct of a Participant, the Participant shall return to the Company, or forfeit if not paid, any Annual Incentive Award arising out of the misconduct for or during such restated period. Awards shall also be subject to the terms of any Company clawback or similar policy then in effect.

Repayment. The outstanding principal balance of this Note shall be payable on the earliest to occur of # the date on which Maker consummates its initial business combination and # the date that the winding up of Maker is effective (such date, the “Maturity Date”). The principal balance may be prepaid at any time, at the election of Maker.

Repayment. If you voluntarily terminate your employment with the Company before September 30, 2018, you agree to repay to the Company the bonuses paid to you pursuant to Section 1 and Section 2. Amounts to be repaid will be prorated from September 30, 2016 to your termination date.

Repayment. Growth Capital Advances shall be “interest-only” during the Interest-Only Period, with interest due and payable in accordance with [Section 2.3(d)] hereof. Thereafter, the Growth Capital Advances shall be payable in equal monthly installments of principal plus accrued and unpaid interest (each a “Growth Capital Advance Payment”) beginning on the Amortization Start Date and continuing on the first (1st) day of each month thereafter. Borrower’s final Growth Capital Advance Payment, due on the Growth Capital Maturity Date, shall include all outstanding principal and accrued and unpaid interest on the Growth Capital Advances. After repayment, no Growth Capital Advance may be reborrowed.

Repayment. The Borrower hereby unconditionally promises to pay to the Administrative Agent for account of the Lenders the outstanding principal amount of the Loans on the applicable Maturity Date.

Bonus. The Executive shall be eligible to receive bonuses as set forth on [Schedule 3(a)] attached hereto, and further as determined by the Board of Directors.

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