Execution Bonus. Upon the execution of this Agreement by Officer --------------- and Employer (the "Execution Date"), Employer shall owe to Officer a one time execution bonus of $1,100,000. Employer shall pay such bonus to Officer as soon as practicable after the Execution Date.
Appears in 2 contracts
Sources: Employment Agreement (Indymac Mortgage Holdings Inc), Employment Agreement (Indymac Mortgage Holdings Inc)