Assignment Bonus Clause Samples
An Assignment Bonus clause establishes the conditions under which an employee or contractor receives a financial bonus for accepting a specific assignment or project. Typically, this clause outlines the amount of the bonus, eligibility requirements, and the timing or milestones that trigger payment, such as completion of the assignment or a set period of service. Its core practical function is to incentivize individuals to take on particular roles or projects that may be critical, challenging, or less desirable, thereby helping employers attract and retain talent for key assignments.
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Assignment Bonus. The amount paid by the employer for work performed in specialized areas.
Assignment Bonus. Licensee hereby acknowledges and agrees that Board and University are under no obligation whatsoever herein to make any assignment of the Patent Rights. University shall use reasonable efforts during the first year after the Effective Date to attempt to obtain necessary approvals and authorizations of, and to execute and deliver, or cause to be executed and delivered, the Patent Assignment Agreement in substantially the form attached hereto as Exhibit 4, pursuant to which, if approved by Board at a subsequent date during the first year after the Effective Date, Board will assign to Licensee all its right, title and interest in and to the Patent Rights, other than new technology rights as set forth in Section 5.5 hereof, that are added to Exhibit 2 in the two-year period following the Effective Date (but not its obligations under the Monsanto Agreement), subject to continued royalty payments and other ****Text has been omitted pursuant to a confidentiality request. Omitted text has been filed with the Securities and Exchange Commission. obligations of Licensee set forth in the Patent Assignment Agreement, and pursuant to which, among other things:
(a) Licensee shall pay to the Board a cash assignment payment of **** upon execution and delivery of the Patent Assignment Agreement, if the Patent Assignment Agreement is executed and delivered by Board prior to ****;
(b) The running royalties payable by Licensee to the Board pursuant to Section 6.1(a) shall be increased by 0.5% of Net Sales, except that this increase shall not apply to the running royalties payable at the rate of 3.3% relating to new technology applications that Licensee elects to add to Licensed Subject Matter pursuant to Section 5.5; and
(c) If Monsanto assigns its joint ownership interest in the Patent Rights to Licensee prior to the date which is **** after the Effective Date, then Licensee shall pay to the Board a cash assignment payment of **** and the running royalties payable by Licensee to the Board pursuant to Section 6.1(a) shall be increased by an additional 0.3% of Net Sales, except that this increase shall not apply to the running royalties payable at the rate of 3.3% relating to new technology applications that Licensee elects to add to Licensed Subject Matter pursuant to Section 5.5.
Assignment Bonus. KPSA Sergeants in the assignments of CID, Canine, KVET, Communications Sergeant, CPO, and Training Division shall receive an annual assignment bonus of Five Hundred Dollars ($500), which is not rolled into base pay. This bonus is to be paid during the first pay period in December. In 2007, the Lieutenants and Executive Lieutenants received a one-time bonus of $500.00 and the Sergeants received a one-time bonus of $1,000.
Assignment Bonus. KPSA Sergeants in the assignments of CID, Canine, KVET, CPO, and Training Division shall receive an annual assignment bonus of Five Hundred Dollars ($500), which is not rolled into base pay. KPSA members in the assignment of SWAT Commander, Bomb Squad Commander, Honor Guard Commander, Crowd Management Team Commander, Aviation Unit Commander, Technical Rescue Team Commander, Crisis Negotiation Team Commander, Peer Support Team Commander, Explorers Team Commander, Field Training Officer Coordinator (only applies to a non-minimum staffing Field Training Officer Coordinator that is not eligible for compensation time under article XVII Section 16) and Haz-Mat Commander shall receive an annual assignment bonus of Five Hundred Dollars ($500), which is not rolled into base pay. This bonus is to be paid during the first pay period in December. At no time can a member receive more than one assignment bonus. This bonus is to be paid during the first pay period in December.