Common use of Lump Sum Signing Bonus Clause in Contracts

Lump Sum Signing Bonus. Effective the payroll period following ratification, there will be a lump sum signing bonus amount of $500.00 and it will be paid to each active full time employee less the normal deductions based on the date of this signed Memorandum of Agreement. Employees on an authorized leave of absence will be included in this group but will receive the amount upon their active full time return to work.

Lump Sum Signing Bonus. Effective the payroll period following ratification, there will be a lump sum signing bonus amount of $500.00 750.00 and it will be paid to each active full time employee less the normal deductions based on the date of this signed Memorandum of Agreement. Employees on an authorized leave of absence will be included in this group but will receive the amount upon their active full time return to work.