Common use of Sign-On Bonus Clause in Contracts

Sign-On Bonus. The Company will pay Executive a $250,000 sign-on bonus (the “Sign-On Bonus”) on the first regularly scheduled payroll date following the Effective Date. In the event Executive is terminated by the Company for Cause or resigns her employment without Good Reason prior to the first anniversary of the Effective Date, Executive shall be required to repay to the Company a pro-rated portion of the Sign-On Bonus based on (i) the number of days elapsed following the Effective Date through the date of termination, divided by (ii) three hundred sixty-five (365).

Appears in 1 contract

Samples: Employment Agreement (Zentalis Pharmaceuticals, Inc.)

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Sign-On Bonus. The In addition to the Base Salary, the Company will pay the Executive a $250,000 sign-on bonus equal to Thirty Thousand US Dollars ($30,000) by no later than thirty (30) days following the Start Date (the “Sign-On Bonus”) on the first regularly scheduled payroll date following the Effective Date). In It is understood and agreed that in the event the Executive resigns or is terminated by the Company for Cause or resigns her employment without Good Reason Cause, in either case prior to the first one (1) - year anniversary of the Effective Start Date, the Executive shall will be required to repay to the Company a pro-rated portion prorated sum of the such Sign-On Bonus based on to the Company, in accordance with the period of time for which the Executive has been employed by the Company, by no later than thirty (i30) the number of days elapsed following the Effective Date through the date of termination, divided by Termination (ii) three hundred sixty-five (365as defined below).

Appears in 1 contract

Samples: Employment Agreement (Nuvo Group Ltd.)

Sign-On Bonus. The Company will pay to Executive seventy-five thousand dollars ($75,000) as a $250,000 sign-on bonus (the “Sign-On Bonus”) ). The Sign-On Bonus will be paid in a single lump sum on the first regularly scheduled payroll date Company’s next regular payday following the date thirty (30) days after the Effective Date (the “Payment Date”). To earn and be entitled to payment of the Sign-On Bonus, the Executive must be actively employed by the Company on the Payment Date. In If within one (1) year of the event Effective Date the Executive either (i) resigns from employment with the Company in the absence of Good Reason, or (ii) is terminated by the Company for Cause or resigns her employment without Good Reason prior to Cause, then the first anniversary of the Effective Date, Executive shall be required agrees to repay to the Company a pro-rated portion of the Sign-On Bonus based on to the Company within thirty (i30) the number days of days elapsed following the Effective Date through the date of such termination, divided by (ii) three hundred sixty-five (365).

Appears in 1 contract

Samples: Employment Agreement (Assembly Biosciences, Inc.)

Sign-On Bonus. The On the first payroll date following the Start Date, the Company will shall pay the Executive a $250,000 cash sign-on bonus of $225,000 (the “Sign-On Bonus”) on ). If the first regularly scheduled payroll date following the Effective Date. In the event Executive Executive’s employment is terminated by the Company for with Cause or the Executive resigns her employment without other than for Good Reason prior to Reason, in either case within one (1) year following the first anniversary of the Effective Start Date, the Executive shall be required to repay to the Company a pro-rated portion of the Sign-On Bonus based on to the Company within ten (i10) the number of days elapsed following the Effective Date through the date of terminationtermination (the “Sign-On Bonus Repayment”). With notice to the Executive, divided by (ii) three hundred sixtythe Company may offset against the Sign-five (365)On Bonus Repayment any amounts that the Company then owes to the Executive.

Appears in 1 contract

Samples: Employment Agreement (Monro, Inc.)

Sign-On Bonus. The On the Effective Date, the Company will shall pay Executive a $250,000 sign-on bonus of $72,450 (the “Sign-On Bonus”) on ). The Executive will be required to repay the first regularly scheduled payroll date following full amount of the Effective Date. In the event Executive is terminated by the Company for Cause or resigns her employment without Good Reason Sign-On Bonus, if, prior to the first anniversary of the Effective Date, the Executive’s employment terminates for any reason other than (A) by the Company without Cause, (B) by the Executive shall be required to repay for Good Reason, (C) the Executive’s death or (D) by the Company due to the Company a pro-rated portion of the Sign-On Bonus based on Executive’s Disability (ias defined in Section 6(b) the number of days elapsed following the Effective Date through the date of termination, divided by (ii) three hundred sixty-five (365below).

Appears in 1 contract

Samples: Employment Agreement (Rex Energy Corp)

Sign-On Bonus. The Company Executive will pay Executive be paid a $250,000 sign-on bonus of fifty thousand dollars ($50,000) in the first regularly scheduled payroll following the Effective Date (the “Sign-On Bonus”) ). This Sign-On Bonus shall not be earned until the first anniversary of the Effective Date and will only be earned on the first regularly scheduled payroll date following anniversary of the Effective Date if Executive remains continuously employed with the Company through the first anniversary of the Effective Date. In Exhibit 10.10 the event Executive Executive’s employment is terminated by the Company for Cause or resigns her employment without Good Reason other than a Covered Termination prior to the first anniversary of the Effective Date, Executive shall be required to repay to the Company a pro-rated portion one hundred percent (100%) of the Sign-On Bonus based on (i) the number of days elapsed following the Effective Date through the date of termination, divided by (ii) three hundred sixty-five (365)Bonus.

Appears in 1 contract

Samples: Employment Agreement (IDEAYA Biosciences, Inc.)

Sign-On Bonus. The In connection with the Prior Agreement, the Company will pay paid Executive a $250,000 sign-on bonus (the “Sign-On Bonus”) on the first regularly scheduled payroll date following the Effective Date). In the event Executive is terminated by the Company for Cause or resigns her employment without Good Reason prior to the first anniversary of the Effective DateMay 11, 2023, Executive shall be required to repay to the Company a pro-rated portion of the Sign-On Bonus based on (i) the number of days elapsed following the Effective Date May 11, 2022 through the date of termination, divided by (ii) three hundred sixty-five (365).

Appears in 1 contract

Samples: Employment Agreement (Zentalis Pharmaceuticals, Inc.)

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Sign-On Bonus. The Company will shall pay to Executive a $250,000 cash sign-on bonus of Ninety Thousand dollars (the “Sign-On Bonus”) $90,000), payable on the first regularly scheduled payroll payment date occurring after the Effective Date in accordance with the Company’s normal payroll schedule. Within the one-year period following the Effective Date. In , if (i) Executive terminates his employment with the event Company except for Good Reason (as defined in Section 6(d)) or due to a Newco Good Reason Event (as defined in Section 6(a)(5)), or (ii) Executive is terminated by the Company for Cause or resigns her employment without Good Reason prior to Cause, then Executive must fully repay the first anniversary of the Effective Date, Executive shall be required to repay $90,000 sign-on bonus to the Company a pro-rated portion of the Sign-On Bonus based on within five (i5) the number of days elapsed following the Effective Termination Date through the date of termination, divided by (ii) three hundred sixty-five (365)as defined in Section 4.

Appears in 1 contract

Samples: Employment Agreement (Alta Mesa Resources, Inc. /DE)

Sign-On Bonus. The No later than 30 days following the Commencement Date, the Company will shall pay Executive a $250,000 cash sign-on bonus in the amount of $300,000 (the “Sign-On Bonus”) on the first regularly scheduled payroll date following the Effective Date. In ); provided, that in the event Executive that Executive’s employment is terminated by the Company for Cause (as defined below), or resigns her employment without Good Reason as a result of Executive’s voluntary resignation for any reason, prior to the first anniversary of the Effective Commencement Date, Executive shall be required forfeit any right to repay to the Company a pro-rated portion of the Sign-On Bonus based on (i) and Executive shall repay such amount to the number Company within 30 days of days elapsed following the Effective Date through the date Executive’s termination of termination, divided by (ii) three hundred sixty-five (365)employment.

Appears in 1 contract

Samples: Employment Agreement (Vivint Smart Home, Inc.)

Sign-On Bonus. The Company will shall pay the Executive a $250,000 sign-on bonus in a lump sum payment of $50,000 (the “Sign-On on Bonus”) on ), less payroll deductions and all required withholdings, 30 days after the first regularly scheduled payroll date following the Effective Start Date. In The Sign-on Bonus is in addition to the event Executive is terminated by performance bonus of $150,000.00 outlined in the Company Executive’s original offer letter. Should the Executive’s employment terminate for Cause any reason, voluntarily or resigns her employment without Good Reason involuntarily, prior to the first anniversary of the Effective Start Date, the Executive shall be required to repay to the Company a pro-rated portion of the Sign-On Bonus based on (i) the number of days elapsed following the Effective Date through the date of termination, divided by (ii) three hundred sixty-five (365)Bonus.

Appears in 1 contract

Samples: Employment Agreement (Myovant Sciences Ltd.)

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