Net Bonus definition
Examples of Net Bonus in a sentence
In the event that the Net Bonus Compensation, as calculated in 2.
As an example, if Executive’s 2019 Net Bonus exceeds $150,000, then $150,000 shall be invested in the Company and any balance shall be paid to Executive; however, if the 2019 Net Bonus is less than $150,000, then the entire Net Bonus amount shall be invested.
If, prior to December 31, 2003, Employee's employment with the Company and all Affiliates is terminated (i) by the Company or any Affiliate for Cause or (ii) because of Employee's resignation for any reason, then Employee will (A) immediately repay all Net Bonus Payment received and (B) not have any rights to any Bonus Payment.
TESARO will also pay you a Net Bonus in the amount of one-hundred and sixty-thousand dollars ($160,000) in conjunction with your transition period.
If you voluntarily terminate employment with TESARO less than one (1) year after you have permanently relocated to Boston, MA, you will be required to repay TESARO for the total amount (100%) of the Net Bonus.
Expense described in this policy will be reimbursed in the form of a Net Bonus.
In the event Employee is required to repay any Net Bonus Payment, Employee authorizes the Company and its Affiliates to deduct any amount of such payment from any salary, bonus, vacation pay, commissions or any other compensation earned by Employee and Employee specifically authorizes the Company and its Affiliates to deduct any amount of such payment from Employee's paycheck(s), including Employee's final paycheck (to the extent lawful).
Net Bonus will be paid to you within 30 days of the submission of your approved Travel Expense reports related to your transition period.