2. Signing bonus. The Company has already provided you with a signing bonus (the signing bonus). In the event of qualified termination (as defined below), the signing bonus is not subject to any redemption requirements. In the event that the Company terminates your employment relationship for cause (defined below) or for your voluntary resignation without just cause (defined below) before the third (3rd) anniversary of the date on which you began your employment with the Company (the Start Date), you must immediately reimburse fifty percent (50%) of the total signing bonus to the Company; After the third (3rd) anniversary of your start date, no portion of the signing bonus will be returned to the Company, regardless of the circumstances of the termination of the employment relationship. The Company has the right, in its sole discretion, to automatically offset any compensation due to you by the redemption amount of the Signing Bonus to the fullest extent permitted by applicable law in order to recover it. A registration bonus is a kind of financial compensation for the employee at the beginning of his employment. Typically, employers tend to offer it when they want to hire someone who is already employed, or when they want to hire a highly qualified specialist and need to make sure they accept their offer. This signing bonus is offered in anticipation of the contributions you will make to our business over time. If you terminate before completing twenty-four (24) months of employment, or if you are terminated for cause before twenty-four (24) months of employment, you must repay the balance in proportion to your signing bonus. This refund may be deducted in whole or in part from the final payments to which you are entitled. Signing Bonus: The Company agrees to pay you a one-time cash signing bonus of $100,000 (the “Signing Bonus”), payable on the first day of the Company`s regular settlement after the Start Date and subject to all applicable tax reporting and withholding tax requirements.
Notwithstanding the foregoing, you acknowledge and agree that if you voluntarily terminate or terminate your employment relationship for cause (each, a termination event) before the second anniversary of your Start Date, you must refund any portion of the Signing Bonus within 30 days of such termination event without any reduction in the taxes withheld by the Company upon payment of the Signing bonus. as follows: (i) if there is a termination event before the first anniversary of your start date, you must refund the Company 50% of the signing bonus and (ii) if there is a termination event from the first anniversary of your start date, but before the second anniversary of your start date, you must reimburse the Company 33% of the signing premium. By signing below, you authorize the Company to immediately set off and reduce all amounts to which you are otherwise entitled in relation to any amount to which the Company is entitled in respect of your obligation to repay the Signing Bonus under this paragraph. A signing bonus contract is a legal contract signed between an employer and an employee (or a company and a candidate) under which an employer is required by law to pay an employee a registration bonus. The contract is usually signed after or at the same time as an employment contract between the same parties. The objective of the agreement is to guarantee the employee`s right to the bonus promised by his employer. Signing bonus. You will receive a one-time signing bonus of twenty-five thousand dollars ($25,000), payable in a single lump sum cheque on the next regular payment date after the effective date. The signing bonus is taxable and all regular social security contributions will be withheld. In the event that you voluntarily leave the Company within twelve (12) months of the Effective Date, you are responsible for refunding the Company the entire signing bonus.
By signing this Agreement, you authorize the Company to withhold some or all of the $25,000 Signing Bonus amount from any final payment to which you may be entitled if a refund is required under this Section 3.b. 10.2. Signing bonus. Gamida may grant a signing bonus to a newly hired officer at the discretion of the CEO (and in the case of the CEO, at the discretion of the Board of Directors), subject to additional approval required by corporate law (the “Signing Bonus”). The signing bonus shall not exceed three (3) monthly starting salaries of the executive officer. d) Signing bonus. Upon commencement of your employment with the Company, you will receive a one-time signing bonus of $100,000 (the “Signing Bonus”), subject to applicable payroll deductions. The signing bonus will be paid to you as an advance in the form of a single lump sum in accordance with the Company`s standard payroll processes within 30 days of your start date and will be made available to you before earning such a signing bonus. You will only receive the signing bonus if you remain actively and continuously employed by the company until the first anniversary of your start date. If you are terminated for cause or terminated without just cause, as each term is defined below, at any time prior to the (1) anniversary of your start date, you agree to reimburse the Company 100% of the gross amount of the signing bonus within thirty (30) days of the end of your employment relationship.
7.6. At the discretion of the Compensation Committee and the Board of Directors (and with respect to the CEO – including the Company`s General Meeting), Gamida may grant a signing bonus to a newly appointed Officer. Such a bonus can be granted in cash, equity or a combination of both. The signing bonus must not exceed: (1) 50% of the annual base salary of that senior officer if the signing bonus is granted in cash; (2) 100% of the officer`s annual basic salary if the signing bonus is granted from equity; 3. Where the signing premium is a combination of cash and equity, its limit shall be proportional to the cash and equity items calculated on the basis of the ratios set out in Sections (1) and (2). Signing Bonus: At the start of your employment and when you complete the required compliance and payroll documents, you will receive a one-time signing bonus of $150,000 (before withholding taxes and applicable taxes) to be paid with your first expected semi-annual salary (or as soon as possible thereafter). If you cancel within eighteen (18) months of your employment, you must repay the full amount of your signing bonus to the Company. In addition, subject to the approval of Savara`s Board of Directors (the “Board”) and as a significant incentive for your acceptance of employment with the Company at the beginning of your employment and upon completion of the required compliance and payroll documents, you will receive a RSU RSU One-Time Signing Bonus, which will be fully acquired after eighteen (18) months (i.e. cliff setting). 3. Annual performance bonus and signing bonus.
You are also entitled to an annual target bonus of 15% of your annual base salary for 2017 and 30% of your annual base salary for each year thereafter if you meet the performance targets set by the CEO and the Board of Directors (the bonus). After the end of each calendar year, the Board of Directors determines, in its sole discretion, the extent to which performance targets have been met in relation to the award for that year and the extent to which the bonus for that year is earned. To be eligible for a bonus, you must be employed no later than the date on which the Board determines the extent to which the performance objectives have been met and the amount of the premium to which you are entitled, which the Board will determine no later than April 1 of the calendar year following the calendar year to which the premium relates. .