Joining Bonus Sample Clauses
A Joining Bonus clause outlines the terms under which a new employee receives a one-time payment upon starting their employment. Typically, this clause specifies the amount of the bonus, the timing of its payment (such as on the first paycheck or after a probationary period), and any conditions that must be met, like remaining employed for a certain period. Its core function is to incentivize candidates to accept a job offer and to compensate them for potential losses incurred by leaving a previous employer, thereby facilitating successful recruitment.
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Joining Bonus. The Company shall, at its sole discretion, be entitled to offer the Employees a joining bonus at the time of joining (“Joining Bonus”), which is solely conditional on the performance of the Employee as well as the Employee’s commitment to remain employed with the Company for a minimum period of 12 months from the date of joining. In the event, that for any reason whatsoever, the Employee ceases to be an employee of the Company at any time prior to the expiry of 12 months from the date of joining, the Company shall be entitled to a full refund of the Joining Bonus payable by the Employee, including the right to deduct from the
Joining Bonus. Within fifteen (15) calendar days after the Effective Date, the Company shall pay the Employee a lump sum cash bonus equal to $200,000.
Joining Bonus. Executive shall be entitled to receive a joining bonus of $350,000 (the “Joining Bonus”). The Joining Bonus shall be payable in two equal installments. The first $175,000 shall be due upon joining and will be paid no later than the first bi-monthly payroll cycle following the Effective Date. The second $175,000 shall be due in March 2015 and will be paid in the first payroll in March 2015. In the event that Executive’s employment is terminated within two years of the Effective Date (i) by Executive other than for Good Reason or (ii) by the Company for Cause, Executive shall and hereby does agree to repay the Company in full for the Joining Bonus. For the avoidance of doubt, in the event that Executive’s employment is terminated due to death or Disability then the Executive does not have to repay any of the Joining Bonus. Additionally, in the event that Executive’s employment is terminated prior to the payment of the second installment of the Joining Bonus for any other reason than Cause or he resigns for Good Reason, the second installment shall be paid to Executive upon termination in a lump sum.
Joining Bonus. The Company shall pay to you on commencement of employment a one-off Joining Bonus of L121,500 (before deductions for tax and national insurance contributions). The Joining Bonus is to compensate you for the guaranteed bonus that you will forfeit. Should you receive any bonus payment from your previous employer - whether in full or in part - you must repay to the Company the same amount up to a maximum of L121,500. In the event that you leave the Company's employment before the first anniversary of the commencement of your employment, other than for dismissal without Cause or resignation with Good Reason, you must immediately repay to the Company the full amount of the Joining Bonus (save for any amount already repaid pursuant to this clause).
Joining Bonus. Executive shall be entitled to receive a joining bonus of $200,000 (the “Joining Bonus”). The Joining Bonus will be paid no later than 30 days following the Effective Date. In the event that Executive’s employment is terminated within one year following the Effective Date (i) by Executive other than for Good Reason or (ii) by the Company for Cause, Executive shall and hereby does agree to repay the Company in full for the Joining Bonus.
Joining Bonus. Within fifteen (15) business days after the Employment Commencement Date, the Company shall pay Executive a one-time lump sum cash payment in the amount of $3,000,000, reduced by any annual cash bonus Executive receives from her prior employer for the fiscal year ending September 30, 1999. If such annual cash bonus is paid after Executive receives the aforesaid payment, Executive shall refund to the Company an amount equal to the amount of such annual cash bonus received by her.
Joining Bonus. You will be eligible to receive a Joining Bonus of INR 100,000 less applicable tax which will be paid with your first salary payment after joining. If you resign or your employment is terminated by Bain during your first year, you will be required to repay the Joining Bonus in full. If you resign or your employment is terminated by Bain during your second year of employment, you will be required to repay 50% of the Joining Bonus to Bain.
Joining Bonus. Executive shall be eligible to receive a joining bonus of $225,000 (the “Joining Bonus”). The Joining Bonus shall be payable in two installments. $125,000 shall be due upon commencing employment with the Company, and will be paid no later than the second bi-monthly payroll cycle following the Effective Date. The remaining $100,000 will be due on the one year anniversary of the Effective Date and will be paid in the first payroll cycle following such anniversary. In the event that Executive’s employment is terminated within one year following the Effective Date (i) by Executive other than for Good Reason, or (ii) by the Company for Cause, Executive shall and hereby does agree to repay the Company in full for any portion of the Joining Bonus already paid to Executive.
Joining Bonus. You will also receive an additional Joining Bonus of INR 100,000 (One Lakh), with 50% of the Joining Bonus being paid in your first salary cycle after commencing employment with TraceLink and the remaining 50% payable in the Salary cycle after completing 60 days (from start date), of employment. In the event that you terminate employment for any reason within 12 months of your start date, you will be required to reimburse TraceLink 100% of the Joining Bonus. The Joining Bonus may be subject to tax deductions.
Joining Bonus. You will receive a one-time sign-on bonus of INR 175,000 from Rockwell Automation India Private Limited (herein referred as “Company”), subject to the normal tax with holdings. That the Company reserves the right to recover the above amount of the joining bonus from you if you terminate the employment voluntarily before completion of 2 years of continuous service. Company also reserves the right to recover above amount from you by deducting from the amount payable to you by the Company on the termination of employment, if any. However, in such cases, wherein even after adjusting the said amount from the final settlement, a balance remains outstanding to the Company, you must forthwith repay the balance to the Company, which sum shall be recoverable as a debt. A-66, SECTOR-64, NOIDA-201301 (U.P.) INDIA Tel.: +▇▇-▇▇▇-▇▇▇ 1111 Fax: +▇▇-▇▇▇-▇▇▇ 7932 ▇▇▇▇▇▇▇@▇▇.▇▇▇▇▇▇▇▇.▇▇▇ DATED: 26th Apr 2023 That the taxes on payment made under this agreement will be borne by you. The Company shall have the right to deduct from any payment under this agreement, any amount required by the Indian Tax Laws to be withheld from such payment