The signing bonus clause of an executive employment agreement contains two principal elements a the bonus amount and b the date of payment. Any sign on bonuses you offer should clearly outline expectations in the event the employee terms early.
The clause may also include a clawback requiring repayment of a prorated amount in the event the executive employment terminates before a specific period.
Sign on bonus repayment agreement template. Brewer aug 21 2003 bonus repayment agreement euniverse inc. The above mentioned employee understands and agrees to these terms and conditions. While sign on bonuses seem simple to offer they can cause a tremendous payroll headache down the line.
Repayment prorata of the sign on bonus by the new department. Conditional sign on bonus agreement. Whereas the employee begins employment for city in the police department the.
Greenspan aug 21 2003 retention bonus agreement abx air inc. Lipp aug 21 2003 bonus repayment agreement euniverse inc. Free sample sign on bonus contract.
We would like to show you a description here but the site wont allow us. Sign on bonus agreement. Depending on the employees salary and amount of notice their final payment could cover the bonus repayment if the employee agrees to it.
It is the employees. I do hereby certify to agreement of the above mentioned terms as stated by. This conditional sign on bonus agreement the agreement is entered into by and between advanced micro devices inc.
Including its affiliated companies. This agreement is made between city of palm springscity and name of employee employee. Are not conditions requiring forgiveness of any repayment due amd under this agreement.
Bonus repayment agreement euniverse inc. Use this template for creating your own recruitmennt sign on bonus to clearly lay out all the terms and conditions of the payout.
0 Response to "Sign On Bonus Repayment Agreement Template"
Post a Comment