{"component": "clause", "props": {"groups": [{"samples": [{"hash": "b0j9STf0TuC", "uri": "/contracts/b0j9STf0TuC#initial-signing-bonus", "label": "Employment Agreement (ClearPoint Neuro, Inc.)", "score": 30.7173169062, "published": true}], "snippet_links": [{"key": "to-induce-the", "type": "clause", "offset": [0, 13]}, {"key": "employment-with-the-company", "type": "definition", "offset": [36, 63]}, {"key": "the-start-date", "type": "definition", "offset": [70, 84]}, {"key": "the-company-shall", "type": "clause", "offset": [86, 103]}, {"key": "to-the-executive", "type": "clause", "offset": [108, 124]}, {"key": "in-cash", "type": "definition", "offset": [267, 274]}, {"key": "provided-however", "type": "clause", "offset": [401, 417]}, {"key": "agreement-to", "type": "definition", "offset": [462, 474]}, {"key": "to-pay", "type": "clause", "offset": [524, 530]}, {"key": "to-receive", "type": "definition", "offset": [572, 582]}, {"key": "payment-of-the", "type": "clause", "offset": [595, 609]}, {"key": "employed-by-the-company", "type": "definition", "offset": [661, 684]}, {"key": "termination-with-cause", "type": "clause", "offset": [732, 754]}, {"key": "voluntary-termination", "type": "definition", "offset": [760, 781]}, {"key": "prior-to", "type": "definition", "offset": [782, 790]}, {"key": "to-the-company", "type": "clause", "offset": [878, 892]}, {"key": "effective-date-of-the-termination", "type": "definition", "offset": [927, 960]}], "snippet": "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:\n(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.", "size": 1, "hash": "148b8cf210f50003d8754b562d68ee94", "id": 2}, {"samples": [{"hash": "jfm103yDnbW", "uri": "/contracts/jfm103yDnbW#initial-signing-bonus", "label": "Executive Agreement (Huttig Building Products Inc)", "score": 29.1779603012, "published": true}, {"hash": "4QpAd9Y77xV", "uri": "/contracts/4QpAd9Y77xV#initial-signing-bonus", "label": "Executive Agreement (Huttig Building Products Inc)", "score": 29.1779603012, "published": true}], "snippet_links": [{"key": "in-accordance-with", "type": "definition", "offset": [0, 18]}, {"key": "shares-of-restricted-stock", "type": "definition", "offset": [77, 103]}, {"key": "executive-incentive-compensation-plan", "type": "definition", "offset": [163, 200]}, {"key": "as-amended", "type": "definition", "offset": [202, 212]}, {"key": "successor-plan", "type": "clause", "offset": [221, 235]}, {"key": "incentive-plan", "type": "clause", "offset": [251, 265]}, {"key": "fair-market-value", "type": "clause", "offset": [276, 293]}, {"key": "on-november", "type": "clause", "offset": [341, 352]}, {"key": "the-shares", "type": "clause", "offset": [393, 403]}, {"key": "fifth-anniversary", "type": "definition", "offset": [478, 495]}, {"key": "the-commencement-date", "type": "clause", "offset": [499, 520]}, {"key": "prior-to", "type": "definition", "offset": [526, 534]}, {"key": "the-executive", "type": "clause", "offset": [558, 571]}, {"key": "by-the-company-without-cause", "type": "clause", "offset": [586, 614]}, {"key": "a-change-of-control-of-the-company", "type": "clause", "offset": [646, 680]}, {"key": "for-good-reason", "type": "definition", "offset": [721, 736]}, {"key": "due-to-disability", "type": "clause", "offset": [791, 808]}, {"key": "fully-vested", "type": "definition", "offset": [853, 865]}, {"key": "date-of-termination", "type": "clause", "offset": [873, 892]}], "snippet": "In accordance with the 2016 Agreement, Executive received 58,480 time vested shares of restricted stock of Huttig Building Products, Inc. (\u201cHBP\u201d) under HBP\u2019s 2005 Executive Incentive Compensation Plan, as amended (or any successor plan thereto) (the \u201cIncentive Plan\u201d), with a Fair Market Value (as defined in the Incentive Plan) of $300,000 on November 14, 2016 (the \u201cInitial Signing Bonus\u201d). 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.", "size": 2, "hash": "e08b816ffacbf757b2fc39c093adb964", "id": 1}, {"samples": [{"hash": "7CZwN0WDYqn", "uri": "/contracts/7CZwN0WDYqn#initial-signing-bonus", "label": "Employment Agreement (MDC Partners Inc)", "score": 25.1519507187, "published": true}], "snippet_links": [{"key": "the-company-will", "type": "clause", "offset": [0, 16]}, {"key": "to-executive", "type": "clause", "offset": [21, 33]}, {"key": "signing-bonus", "type": "clause", "offset": [36, 49]}, {"key": "equal-to", "type": "definition", "offset": [50, 58]}, {"key": "prior-to", "type": "definition", "offset": [73, 81]}, {"key": "subject-to", "type": "definition", "offset": [98, 108]}, {"key": "state-and-local-taxes", "type": "clause", "offset": [144, 165]}], "snippet": "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.", "size": 1, "hash": "f7fe7b2fb041df2b57d369a5453a7482", "id": 4}, {"samples": [{"hash": "3E3yCMzpUCo", "uri": "/contracts/3E3yCMzpUCo#initial-signing-bonus", "label": "Employment Agreement (Xelr8 Holdings, Inc.)", "score": 19.0930869268, "published": true}], "snippet_links": [{"key": "the-company-will", "type": "clause", "offset": [0, 16]}, {"key": "to-employee", "type": "definition", "offset": [21, 32]}, {"key": "signing-bonus", "type": "clause", "offset": [35, 48]}, {"key": "upon-the-company", "type": "definition", "offset": [118, 134]}, {"key": "payroll-date", "type": "clause", "offset": [153, 165]}, {"key": "following-the-effective-date", "type": "clause", "offset": [166, 194]}], "snippet": "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.", "size": 1, "hash": "cfcaba0ff60f63ebd499cb22a6d14d19", "id": 5}, {"samples": [{"hash": "gzNcfxbcqCE", "uri": "/contracts/gzNcfxbcqCE#initial-signing-bonus", "label": "Employment Agreement (Dirtt Environmental Solutions LTD)", "score": 28.7166324435, "published": true}], "snippet_links": [{"key": "the-executive", "type": "clause", "offset": [0, 13]}, {"key": "signing-bonus", "type": "clause", "offset": [38, 51]}, {"key": "bonus-compensation", "type": "definition", "offset": [84, 102]}, {"key": "previous-employment", "type": "clause", "offset": [137, 156]}, {"key": "following-the", "type": "definition", "offset": [210, 223]}, {"key": "start-date", "type": "definition", "offset": [236, 246]}], "snippet": "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\u2019s start date.", "size": 1, "hash": "837942ebf2427a2560c283fee0328af7", "id": 3}, {"samples": [{"hash": "atUbcrqraZ", "uri": "/contracts/atUbcrqraZ#initial-signing-bonus", "label": "Employment Agreement (Mri Interventions, Inc.)", "score": 28.7727583847, "published": true}], "snippet_links": [{"key": "to-induce-the", "type": "clause", "offset": [0, 13]}, {"key": "employment-with-the-company", "type": "definition", "offset": [36, 63]}, {"key": "the-start-date", "type": "definition", "offset": [70, 84]}, {"key": "the-company-shall", "type": "clause", "offset": [86, 103]}, {"key": "to-the-executive", "type": "clause", "offset": [108, 124]}, {"key": "consist-of", "type": "clause", "offset": [236, 246]}, {"key": "payments-of", "type": "clause", "offset": [251, 262]}, {"key": "business-days-of", "type": "clause", "offset": [361, 377]}, {"key": "agreement-to", "type": "definition", "offset": [576, 588]}, {"key": "to-pay", "type": "clause", "offset": [638, 644]}, {"key": "to-receive", "type": "definition", "offset": [686, 696]}, {"key": "payment-of-the", "type": "clause", "offset": [709, 723]}, {"key": "employed-by-the-company", "type": "definition", "offset": [775, 798]}, {"key": "date-of", "type": "clause", "offset": [806, 813]}], "snippet": "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 \u201cInitial Signing Bonus\u201d), 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.", "size": 1, "hash": "7edcade9de1f722d1eecf24b8ab1aa14", "id": 6}, {"samples": [{"hash": "kBPXwanSoDQ", "uri": "/contracts/kBPXwanSoDQ#initial-signing-bonus", "label": "Representative Agreement (Lci International Inc /Va/)", "score": 18.0, "published": true}], "snippet_links": [{"key": "payment-of", "type": "definition", "offset": [29, 39]}, {"key": "rate-of", "type": "clause", "offset": [98, 105]}, {"key": "per-month", "type": "clause", "offset": [123, 132]}, {"key": "from-the-effective-date", "type": "clause", "offset": [133, 156]}, {"key": "bonus-payment-date", "type": "definition", "offset": [173, 191]}, {"key": "business-days", "type": "clause", "offset": [214, 227]}, {"key": "execution-of-this-agreement", "type": "clause", "offset": [255, 282]}, {"key": "by-both-parties", "type": "clause", "offset": [283, 298]}, {"key": "approval-of-this-agreement", "type": "clause", "offset": [311, 337]}, {"key": "board-of-directors", "type": "definition", "offset": [349, 367]}, {"key": "signed-by", "type": "clause", "offset": [461, 470]}, {"key": "with-interest", "type": "definition", "offset": [599, 612]}, {"key": "effective-date-of-the-agreement", "type": "definition", "offset": [652, 683]}], "snippet": "(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\n(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.", "size": 1, "hash": "70ba2e2e72c6256c67b4490553b78976", "id": 7}, {"samples": [{"hash": "bPtH7ctzGa", "uri": "/contracts/bPtH7ctzGa#initial-signing-bonus", "label": "Employment Agreement (ClearPoint Neuro, Inc.)", "score": 31.7022587269, "published": true}], "snippet_links": [{"key": "to-induce-the", "type": "clause", "offset": [0, 13]}, {"key": "employment-with-the-company", "type": "definition", "offset": [36, 63]}, {"key": "the-start-date", "type": "definition", "offset": [70, 84]}, {"key": "the-company-shall", "type": "clause", "offset": [86, 103]}, {"key": "to-the-executive", "type": "clause", "offset": [108, 124]}, {"key": "five-thousand", "type": "clause", "offset": [230, 243]}, {"key": "in-cash", "type": "definition", "offset": [262, 269]}, {"key": "business-days-of", "type": "clause", "offset": [286, 302]}, {"key": "company-shares", "type": "definition", "offset": [370, 384]}, {"key": "based-on", "type": "clause", "offset": [386, 394]}, {"key": "closing-sales-price", "type": "definition", "offset": [399, 418]}], "snippet": "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.", "size": 1, "hash": "aea86e3810dd5e0f62abd8ba849c83e4", "id": 8}, {"samples": [{"hash": "cqkMU3KZpDg", "uri": "/contracts/cqkMU3KZpDg#initial-signing-bonus", "label": "Employment Agreement (P10, Inc.)", "score": 34.864476386, "published": true}], "snippet_links": [{"key": "the-start-date", "type": "definition", "offset": [44, 58]}, {"key": "the-company-will", "type": "clause", "offset": [60, 76]}, {"key": "initial-bonus", "type": "clause", "offset": [96, 109]}, {"key": "gross-value", "type": "definition", "offset": [128, 139]}, {"key": "signing-bonus", "type": "clause", "offset": [163, 176]}, {"key": "in-accordance-with", "type": "definition", "offset": [211, 229]}, {"key": "payroll-practices", "type": "clause", "offset": [252, 269]}, {"key": "in-effect", "type": "definition", "offset": [270, 279]}, {"key": "from-time-to-time", "type": "clause", "offset": [280, 297]}, {"key": "form-of", "type": "definition", "offset": [305, 312]}, {"key": "shares-of-the-company", "type": "definition", "offset": [326, 347]}, {"key": "common-stock", "type": "clause", "offset": [350, 362]}, {"key": "based-on", "type": "clause", "offset": [363, 371]}, {"key": "price-of-the", "type": "clause", "offset": [384, 396]}, {"key": "stock-on", "type": "definition", "offset": [414, 422]}, {"key": "tax-withholdings-and-deductions", "type": "clause", "offset": [461, 492]}], "snippet": "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 \u201cSigning Bonus\u201d). The Signing Bonus will be paid in accordance with the Company\u2019s general payroll practices in effect from time to time in the form of fully vested shares of the Company\u2019s common stock based on the closing price of the Company\u2019s common stock on October 20, 2023, net of all standard tax withholdings and deductions.", "size": 1, "hash": "f17019c8b5ee023ee7428d6c20168e2c", "id": 9}, {"samples": [{"hash": "dlJqCrh3PRy", "uri": "/contracts/dlJqCrh3PRy#initial-signing-bonus", "label": "Employment Agreement (P10, Inc.)", "score": 35.8501026694, "published": true}], "snippet_links": [{"key": "the-executive", "type": "clause", "offset": [21, 34]}, {"key": "initial-bonus", "type": "clause", "offset": [47, 60]}, {"key": "gross-value", "type": "definition", "offset": [79, 90]}, {"key": "signing-bonus", "type": "clause", "offset": [114, 127]}, {"key": "form-of", "type": "definition", "offset": [137, 144]}, {"key": "shares-of", "type": "clause", "offset": [158, 167]}, {"key": "common-stock", "type": "clause", "offset": [174, 186]}, {"key": "based-on", "type": "clause", "offset": [187, 195]}, {"key": "closing-price", "type": "definition", "offset": [200, 213]}, {"key": "stock-on", "type": "definition", "offset": [230, 238]}, {"key": "start-date", "type": "definition", "offset": [262, 272]}, {"key": "share-price", "type": "clause", "offset": [273, 284]}, {"key": "tax-withholdings-and-deductions", "type": "clause", "offset": [308, 339]}], "snippet": "On October 23, 2023, the Executive received an initial bonus with an aggregate gross value of $1,000,000.00 (the \u201cSigning Bonus\u201d) in the form of fully vested shares of P10\u2019s common stock based on the closing price of P10\u2019s common stock on October 20, 2023 (the \u201cStart Date Share Price\u201d), net of all standard tax withholdings and deductions.", "size": 1, "hash": "0e7b3e05d251d99cfee88bf8803ff6fb", "id": 10}], "next_curs": "Cl4SWGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjoLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ih5pbml0aWFsLXNpZ25pbmctYm9udXMjMDAwMDAwMGEMogECZW4YACAA", "clause": {"title": "Initial Signing Bonus", "children": [], "parents": [["compensation", "Compensation"], ["compensation-and-benefits", "Compensation and Benefits"], ["remuneration", "Remuneration"], ["salary-and-annual-bonus", "Salary and Annual Bonus"], ["additional-bonuses", "Additional Bonuses"]], "size": 14, "id": "initial-signing-bonus", "related": [["signing-bonus", "Signing Bonus", "Signing Bonus"], ["retention-bonus", "Retention Bonus", "Retention Bonus"], ["consulting-fee", "Consulting Fee", "Consulting Fee"], ["cash-bonus", "Cash Bonus", "Cash Bonus"], ["annual-cash-bonus", "Annual Cash Bonus", "Annual Cash Bonus"]], "related_snippets": [], "updated": "2025-07-07T12:37:50+00:00", "also_ask": ["What conditions should be attached to the bonus to protect the employer if the employee leaves early?", "How can the bonus be structured to maximize tax efficiency for both parties?", "What are the most common enforceability challenges to initial signing bonuses in court?", "How do signing bonus provisions differ across jurisdictions or industries?", "What clawback or repayment mechanisms are essential to include in the clause?"], "drafting_tip": "Specify the bonus amount and payment timing to ensure clarity; define eligibility conditions to prevent disputes; state repayment obligations if employment ends early to protect the employer.", "explanation": "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."}, "json": true, "cursor": ""}}