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.
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Joining Bonus. Executive shall be entitled to receive a joining bonus of $200,000 (the “Joining Bonus”). The Joining Bonus shall be payable in two equal installments. The first $100,000 shall be due upon joining and will be paid no later than 30 days the first bi-monthly payroll cycle following the Effective Date. The second $100,000 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 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.
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