Engagement Bonus. In addition, you will receive an engagement bonus in the amount of $200,000 payable within thirty (30) days of your effective date of employment. You must be actively employed and on the Company payroll at the time the bonus is paid. If you voluntarily terminate your employment with the Company or the Company terminates your employment for cause within the first twenty-four (24) months of employment, you will be required to repay a prorated portion of the engagement bonus to the Company based on the number of months employed by the Company.
Engagement Bonus. In addition to the negotiated contractual fee, Artists who are Canadian citizens or permanent residents and whose contractual fee exceeds the amount as specified below per week, shall receive an Engagement Bonus as specified below for each week of the Artist’s engagement. 2016-2019 Fee Exceeds $2,153.13 Engagement Bonus $181.20 The Engagement Bonus shall not be pro-rated. Artists who are citizens of the United States and whose contractual fee exceeds the amount as specified below per week shall receive an Engagement Bonus, as specified below, for each week of the Artist’s engagement. 2016-2019 Fee Exceeds $2,153.13 Engagement Bonus $87.86 The Engagement Bonus shall not be pro-rated.
Engagement Bonus. Executive will receive an engagement bonus in the amount of $350,000 payable within thirty (30) days of the Effective Date. Executive must be actively employed and on the Company payroll at the time the bonus is paid. If Executive voluntarily Terminates (as defined below) employment with the Company or if the Company Terminates (as defined below) Executive’s employment for Cause within the first twenty-four
Engagement Bonus. The Executive shall be entitled to receive a one-time engagement bonus in recognition of his execution of this Agreement and his resignation from IBM prior to March 31, 1998. The engagement bonus shall be payable, at the election of the Executive, between January 5, 1998 and April 5, 1998, and shall be equal to the sum of (i) $1,050,000, plus (ii) the appreciation in the value of the Executive's IBM options (the "IBM Option Appreciation"). The IBM Option Appreciation shall be equal to twelve thousand (12,000) multiplied by the excess of the fair market value of a share of IBM stock at the close of business on January 5, 1998 over $62. The engagement bonus shall be payable through the issuance of up to one hundred thousand (100,000) shares of restricted Employer common stock, with the restrictions lapsing in five (5) equal annual installments of up to 20,000 shares each on
Engagement Bonus. The Executive acknowledges that he has received a one-time engagement bonus in the amount of $1,583,000 in recognition of his execution of the Prior Agreement and his resignation from IBM prior to March 31, 1998 and in lieu of the engagement bonus set forth in Paragraph 5E of the Prior Agreement.
Engagement Bonus. As part of the inducement for employment with Employer, Employer shall also pay Employee a sum equal to $50,000 on the first day of employment under this Agreement.
Engagement Bonus. The Company shall pay Executive a one-time engagement bonus equal to three hundred thousand dollars ($300,000) (the “Engagement Bonus”) within thirty (30) calendar days of the Start Date, less all required tax withholdings and other applicable deductions. Executive will earn and be permitted to retain the full amount of the Engagement Bonus unless Executive resigns from the employment of the Company or the Company terminates Executive’s employment for Cause before such time. In such event, Executive will be required to repay the Company within ten (10) days of such termination of employment an amount equal to (x) the gross pre-tax amount of the Engagement Bonus multiplied by (y) a fraction, the number of which is twenty-four (24) minus the number of full months of service Executive completed from the Start Date until the date of Executive’s termination of employment for either reason and the denominator of which is twenty-four (24).
Engagement Bonus. As an engagement bonus, Company shall grant Executive as of the Commencement Date an award pursuant to the LTIP of Options to purchase 25,000 Shares and an award of 12,000 Shares of Restricted Stock. Such Options and Restricted Stock shall vest (and in the case of the Options become exercisable) in three installments each of one-third the number of Options and Shares of Restricted Stock, respectively, on each of the first, second and third anniversaries of the Commencement Date; provided, however, that such Options and Restricted Stock that are not vested (or exercisable) upon Executive's termination of employment shall be forfeited upon Executive's termination of employment except as otherwise provided in the LTIP or this Agreement.
Engagement Bonus. As part of the inducement for employment with Employer, Employer shall also pay Employee a sum equal to Ten Thousand dollars ($10,000) on the first day of employment under this Agreement.
Engagement Bonus. Upon the execution of this Agreement by both parties, Executive shall receive a payment of $25,000.00 less all applicable payroll taxes (“Engagement Bonus”).
