Initial Signing Bonus Clause Samples
The Initial Signing Bonus clause outlines the terms under which an employee receives a one-time payment upon joining a company. Typically, this clause specifies the bonus amount, the timing of payment (such as on the first paycheck or after a set period), and any conditions that must be met, like continued employment for a certain duration. Its core function is to incentivize candidates to accept a job offer and to compensate them for potential losses or risks associated with changing employers.
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Initial Signing Bonus. To induce the Executive to commence employment with the Company as of the Start Date, the Company shall pay to the Executive an initial signing bonus of One Hundred Ten Thousand Dollars ($110,000), which shall be paid as follows:
(i) Fifty Thousand Dollars ($50,000) in cash within forty-five (45) days of the Start Date; and (ii) Sixty Thousand Dollars ($60,000) in cash by or before March 31, 2023; provided however, that notwithstanding any provision of this Agreement to the contrary, the Company shall not be obligated to pay, and the Executive shall not be entitled to receive, the second payment of the Initial Signing Bonus unless the Executive remains employed by the Company on the date of such payment. In the event of a Termination with Cause or a Voluntary Termination prior to September 30, 2023, Executive shall repay the full amount of the Initial Signing Bonus to the Company within fifteen days following the effective date of the termination.
Initial Signing Bonus. In accordance with the 2016 Agreement, Executive received 58,480 time vested shares of restricted stock of Huttig Building Products, Inc. (“HBP”) under HBP’s 2005 Executive Incentive Compensation Plan, as amended (or any successor plan thereto) (the “Incentive Plan”), with a Fair Market Value (as defined in the Incentive Plan) of $300,000 on November 14, 2016 (the “Initial Signing Bonus”). The shares of restricted stock granted as the Initial Signing Bonus will vest on the fifth anniversary of the Commencement Date. If, prior to such fifth anniversary the Executive is terminated by the Company without Cause, on or after the occurrence of a Change of Control of the Company the Executive terminates his employment for Good Reason, or the Executive dies or the Executive is terminated due to Disability, then the Initial Signing Bonus will become fully vested on the Date of Termination.
Initial Signing Bonus. The Company will pay to Executive a signing bonus equal to $50,000 on or prior to April 30, 2013, subject to customary withholding for federal, state and local taxes.
Initial Signing Bonus. The Company will pay to Employee a signing bonus of $20,000 (Twenty Thousand and No/100 dollars), which shall be paid upon the Company's first scheduled payroll date following the Effective Date.
Initial Signing Bonus. The Executive will receive a one-time signing bonus of $240,000 as an offset to the bonus compensation the Executive is foregoing at her previous employment. The signing bonus will be paid in the first payroll following the Executive’s start date.
Initial Signing Bonus. To induce the Executive to commence employment with the Company as of the Start Date, the Company shall pay to the Executive an initial signing bonus of One Hundred Thousand Dollars ($100,000) (the “Initial Signing Bonus”), which shall consist of two payments of Fifty Thousand Dollars ($50,000.00) each. The first $50,000 payment shall be made within ten (10) business days of the Start Date. The second $50,000 payment shall be made within ten (10) business days of the six-month anniversary of the Start Date; provided, however, that, notwithstanding any provision of this Agreement to the contrary, the Company shall not be obligated to pay, and the Executive shall not be entitled to receive, the second payment of the Initial Signing Bonus unless the Executive remains employed by the Company on the date of such payment.
Initial Signing Bonus. (i) LCI shall make the first payment of Eleven Million Dollars ($11,000,000) plus interest at the rate of one percent (1%) per month from the Effective Date to the "Signing Bonus Payment Date" (defined as five (5) business days from the later of (i) full execution of this Agreement by both parties or the (ii) approval of this Agreement by the LCI Board of Directors, which determination shall be made no later than thirty (30) days from when the Agreement is signed by LCI), and
(ii) On January 1, 1997, LCI shall make to Representative a second (2nd) payment of Five Million ($5,000,000) Dollars with interest of one percent (1%) per month from the Effective Date of the Agreement until January 1, 1997.
Initial Signing Bonus. To induce the Executive to commence employment with the Company as of the Start Date, the Company shall pay to the Executive an initial signing bonus of Fifty Thousand Dollars ($50,000), which shall be paid as follows: (i) Twenty Five Thousand Dollars ($25,000) in cash within ten (10) business days of the Start Date; and (ii) Twenty Five Thousand Dollars ($25,000) in Company Shares, based on the closing sales price on the Start Date.
Initial Signing Bonus. As soon as administratively practical after the Start Date, the Company will award Executive an initial bonus with an aggregate gross value of $1,000,000.00 (the “Signing Bonus”). The Signing Bonus will be paid in accordance with the Company’s general payroll practices in effect from time to time in the form of fully vested shares of the Company’s common stock based on the closing price of the Company’s common stock on October 20, 2023, net of all standard tax withholdings and deductions.
Initial Signing Bonus. On October 23, 2023, the Executive received an initial bonus with an aggregate gross value of $1,000,000.00 (the “Signing Bonus”) in the form of fully vested shares of P10’s common stock based on the closing price of P10’s common stock on October 20, 2023 (the “Start Date Share Price”), net of all standard tax withholdings and deductions.