The clause may also include a recovery requiring the reimbursement of a proportional amount if the manager`s employment relationship ends before a certain period. In order to ensure reimbursement and prevent disputes, employers can either pay the bonus in instalments or offset periodic payments with the repayment obligation. SIGN-UP BONUS: A sign-up bonus of ($) must be paid to you in two installments. The first instalment of ($) will be paid to you during the payment period after 60 days of employment and the second instalment will be paid during the payment period following your 6 (six) month birthday, based on satisfactory performance standards. If you decide to leave the company before your one-year birthday, you must reimburse the company a proportionate share of the registration premium. The bonus signing clause of an executive employment agreement contains two main elements, a) the bonus amount and (b) the payment date. You also get a $XXX signing bonus in the pay cycle after you start your job. I thought I obviously didn`t have, and don`t, a few sign-up bonus formulas for a letter of offer. I need the registration bonus to depend on the fact that I work in the company for a year.
Does someone have a default language that you use, which has been previously approved by law? Subject/Use Contract – The bonus paid to you depends on the conclusion of a full year of employment. I suggest that you measure the amount you are asking for an early departure on a pro rata basis, to be fair. Maybe you just want to move the bonus one or two payout periods to make sure you have a shape. I called on an employee while I was waiting for an offer from another employer and was leaving after less than 6 weeks. (c) compensation. The Board of Directors shall authorise the undertaking to deduct and reduce without delay all amounts otherwise due to the Board of Directors together with all amounts due to the undertaking when the signature premium is reimbursed. (i) [step 1] within  days of the parties signing this Agreement, 1st signing bonus. The company pays the manager a signing bonus in the amount of $[SIGNING BONUS AMOUNT] when signing this agreement.
(b) reimbursement. Where the director voluntarily terminates his employment relationship with the company for any reason or the director`s employment relationship with the company is terminated by the director for a significant reason before the first anniversary of this agreement, the director shall return to the company a sum of $ [SIGNING BONUS AMOUNT] by the fraction whose counter is equal to 365 minus the number of days; where the officer was employed by the company. and the payer is 365. The officer must make this reimbursement within  days of the termination of his employment relationship. The membership bonus will be paid to you after necessary tax deductions. Please note that the membership bonus paid to you depends on the conclusion of a year with the company. If you leave the company for any reason before concluding a year with the company, this amount will be recovered from you. The membership bonus mentioned above is paid at ________ (date) subject to your membership.
By accepting this job offer, you agree to refund the Company the amount of a signing bonus you received if you voluntarily terminate your employment relationship before the first anniversary of the first day of your employment with the Company. . . .