Mobility Bonus Sample Clauses

A Mobility Bonus clause provides for additional compensation or benefits to employees who are required to relocate or travel as part of their job duties. Typically, this clause outlines the eligibility criteria, the amount or type of bonus, and the circumstances under which it is paid, such as moving to a new city for a work assignment or accepting a transfer. The core function of this clause is to incentivize and support employees facing the challenges of relocation, thereby facilitating workforce mobility and addressing potential financial or personal burdens associated with moving.
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Mobility Bonus. You will receive a payment equal to one (1) month’s base pay, less taxes, for each 12 months of your Assignment (pro-rated for periods of less than 12 months). The first payment of $36,479.16 USD will be paid immediately prior to your departure, and subsequent payments will be made on or as soon as administratively practicable following each succeeding anniversary of your departure date.
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Related to Mobility Bonus

  • Longevity Bonus After twenty (20) years of continuous service, an employee will receive a longevity bonus of seven hundred dollars ($700) per year, payable in one lump sum by the second pay period following the employee's anniversary date.

  • Performance Bonus The Executive shall be eligible to receive an annual performance bonus, payable within sixty (60) days after the end of the fiscal year of the Employer, in an amount not to exceed twenty-five percent (25%) of the Executive's Base Salary for the applicable year. The amount, if any, shall be determined by the Board, or the appropriate committee thereof, and shall generally be based on a combination of organization-wide and individual performance criteria.

  • Annual Performance Bonus During the Employment Term, the Executive shall be entitled to participate in the STIP, with such opportunities as may be determined by the Chief Executive Officer in his sole discretion (“Target Bonuses”), and as may be increased (but not decreased, except for across-the-board reductions generally applicable to the Company’s senior executives) from time to time, and the Executive shall be entitled to receive full payment of any award under the STIP, determined pursuant to the STIP (a “Bonus Award”).

  • Annual Cash Bonus During the Term, Executive may be eligible to receive an annual cash bonus, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • Discretionary Bonus The Executive shall be entitled to participate in an equitable manner with all other senior management employees of the Bank in discretionary bonuses that may be authorized and declared by the Board of Directors to its senior management executives from time to time. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's right to participate in such discretionary bonuses when and as declared by the Board.