Common use of Sign-on Clause in Contracts

Sign-on. BONUS In your first paycheck after you start, we’ll pay you a sign-on bonus of $500,000.00. If you quit or your employment is terminated within twelve months of your start date for any reason, you’ll pay back a portion of the bonus prorated to the number of months you were employed, and you authorize Pinterest to withhold this amount from any payments Pinterest might owe you at the time of your departure. ADDITIONAL BONUS After one year of continuous service, we’ll pay you a one-time bonus of $500,000.00. If you quit or your employment is terminated prior to that time for any reason, you will not be entitled to the bonus. If you quit or your employment is terminated after that time but within twelve months of your start date for any reason, you’ll pay back a portion of the bonus prorated to the number of months you were employed, and you authorize Pinterest to withhold this amount from any payments Pinterest might owe you at the time of your departure.

Sign-on. BONUS In your first paycheck after you start, we’ll pay you a sign-on bonus of $500,000.00150,000.00. If you quit or your employment is terminated within twelve months of your start date for any reason, you’ll pay back a portion of the bonus prorated to the number of months you were employed, and you authorize Pinterest to withhold this amount from any payments Pinterest might owe you at the time of your departure. ADDITIONAL BONUS After one year of continuous service, we’ll pay you a one-time bonus of $500,000.00150,000.00. If you quit or your employment is terminated prior to that time for any reason, you will not be entitled to the bonus. If you quit or your employment is terminated after that time but within twelve months of your start date for any reason, you’ll pay back a portion of the bonus prorated to the number of months you were employed, and you authorize Pinterest to withhold this amount from any payments Pinterest might owe you at the time of your departure.