Sign-On Cash Award. Executive shall be granted a cash award of $20,000,000 (Twenty Million United States Dollars) (the “Sign-on Cash Award”), which shall vest and be paid (a) in two equal installments, (i) with the first installment to be paid on the first business day falling three (3) months after the Effective Date and (ii) the second installment to be paid on the first business day falling six (6) months after the Effective Date, in each case, subject to Executive’s continued employment with the Company through the applicable vesting date identified in clauses (i) and (ii) above or (b) upon such earlier vesting date as may be provided for, if at all, under Section 9.
Sign-On Cash Award. Executive shall receive a one-time cash award in the amount of Seven Hundred and Fifty Thousand Dollars ($750,000.00). This one-time award will be paid on the first paycheck following completion of 60 days of employment. The award will be subject to all regular state, federal and local withholding requirements. If Executive voluntarily terminates employment with Hill-Rom within twenty-four (24) months of the hire date, Executive will be responsible to repay this amount in full.
Sign-On Cash Award. The Executive shall be entitled to receive a one-time Sign On - Cash Award of $100,000 payable within the later of: (i) fourteen (14) days following the Hire Date; and (ii) seven (7) days following the execution of this Agreement by the Executive.
Sign-On Cash Award. On the Company’s first payroll payment date following the Start Date, the Company shall pay to Executive a lump-sum cash payment of $500,000.00, subject to all applicable taxes and withholdings, as a one-time inducement cash bonus (the “Sign-on Bonus”). Notwithstanding anything herein to the contrary, in the event that Executive resigns his employment without Good Reason or if Executive’s employment is terminated involuntarily by the Company for Cause, in each case, prior to the first (1st) anniversary of the Start Date, Executive shall repay the Sign-on Bonus to the Company, net of taxes. In such case, Executive (i) expressly agrees and authorizes the Company to deduct such net amount from Executive’s final paycheck and any other amounts that the Company might otherwise pay Executive upon termination and (ii) agrees to cooperate with the Company to facilitate the Company’s recoupment of taxes withheld and remitted to the applicable taxing authorities with respect to the Sign-on Bonus.
Sign-On Cash Award. On, or within ten (10) days following, the Commencement Date, the Company will pay to Employee a special lump sum sign-on cash bonus award in the amount of $2,800,000 (the “Sign-On Bonus”), less applicable tax withholdings. If Employee’s employment is terminated due to either Employee’s resignation other than for Good Reason (as defined in Section 6.4 of this Agreement), or by the Company for Cause (as defined in Section 6.2 of this Agreement) prior to the first (1st) anniversary of the Commencement Date, Employee will promptly repay $2,000,000 to the Company.
Sign-On Cash Award. Executive shall be granted a cash award of $5,000,000 (Five Million United States Dollars) (the “Sign-on Cash Award”), which shall vest and be paid (a) in three installments: (i) with the first installment, equal to $1,500,000, to be paid on the first business day following the Effective Date; (ii) the second installment, equal to $1,500,000, to be paid on the first business day following the first anniversary of the Effective Date; and (iii) the third installment, equal to $2,000,000, to be paid on the first business day following the third anniversary of the Effective Date, in each case, subject to Executive’s continued employment with the Company through the applicable vesting date identified in clauses (ii) and (iii) above or (b) upon such earlier vesting date as may be provided for, if at all, under Section 9.
Sign-On Cash Award. On the Effective Date, the Company shall pay the Executive a one-time cash payment (the “Sign-On Bonus”) in an amount equal to $176,375 less any amount received by the Executive from PerkinElmer in connection with his cash bonus with respect to the period beginning on July 1, 2010 and ending on the termination of his employment at PerkinElmer (the “Prior Employer Bonus”). The Company shall pay the Executive the Sign-On Bonus as soon as practicable following its receipt from the Executive of reasonable documentation regarding the amount of the Prior Employer Bonus or a written statement from the Executive that there will be no Prior Employer Bonus, but in no event later than March 15, 2011.
Sign-On Cash Award. You will receive a sign-on bonus amount of CHF 400'000.-- gross, payable in four equal installments. • The first installment, amount of CHF 100'000.-- gross, will be paid with your first salary payment, subject to social security deductions and taxes. • The second installment, amount of CHF 100'000.-- gross, will be paid, subject to your still being an employee of the Company or an affiliate of the Company on December 1, 2019, with your salary payment for December 2019, also subject to social security deductions and taxes. • The third installment, amount of CHF 100'000.-- gross, will be paid, subject to your still being an employee of the Company or an affiliate of the Company on June 1, 2020, with your salary payment for June 2020, also subject to social security deductions and taxes. • The fourth installment, amount of CHF 100'000.-- gross, will be paid, subject to your still being an employee of the Company or an affiliate of the Company on December 1, 2020, with your salary payment for December 2020, also subject to social security deductions and taxes. Should you voluntarily cease to be employed by the Company or an affiliate of the Company for any reason or should the Company terminate your employment for valid reasons within the sense of Article 337 of the Swiss Code of Obligations ("CO"), • within 6 months of the Effective Date, you will be liable to repay the full amount of the first installment to the Company; • between 7 and 12 months of the Effective Date, you will be liable to repay the full amount of the second installment to the Company; • between 13 and 18 months of the Effective Date, you will be liable to repay the full amount of the third installment to the Company; • between 19 and 24 months of the Effective Date, you will be liable to repay the full amount of the fourth installment to the Company. The Company may set-off the sign-on bonus to be repaid against any sums the Company may owe to you, including the salary within the limits permitted by applicable law.
Sign-On Cash Award. In consideration of Executive’s agreement to enter into this Agreement and subject to the Executive commencing his duties in accordance with this Agreement on October 1, 2020, or such other date as may be mutually agreed to between the Parties, the Executive shall be entitled to a one-time net cash payment of one hundred and fifty thousand dollars ($150,000); for the avoidance of doubt, the amount of the payment shall be grossed up so that, after applicable deductions and withholdings, the net cash amount received by Executive shall be $150,000. Payment shall be made within 30 days of the Term Commencement Date of this Agreement.
Sign-On Cash Award. The Company shall pay Executive a lump sum cash amount of $7,000,000 on the Commencement Date (the “Sign-On Cash Award”); provided, that in the event that Executive’s employment is terminated by the Company for Cause (as defined below) or Executive resigns without Good Reason (as defined below), in either case, on or prior to December 31, 2021, Executive shall repay to the Company the net after-tax amount of the Sign-On Cash Award within thirty (30) days following the date of termination.
