Signing Bonus: The Company agrees to pay you a one-time cash signing bonus in an amount equal to $100,000 (the Signing Bonus), payable upon the Companys first regular payroll date following the Start Date and subject to all applicable tax reporting and withholding requirements. Notwithstanding the foregoing, you acknowledge and agree that if you voluntarily resign or the Company terminates your employment for Cause (each, a Termination Event) prior to the second anniversary of your Start Date, you shall repay a portion of the Signing Bonus to the Company within 30 days of such Termination Event without reduction for any taxes withheld by the Company upon its payment to you of the Signing Bonus, as follows: (i)if there is a Termination Event prior to the first anniversary of your Start Date, you shall repay to the Company 50% of the Signing Bonus and (ii)if there is a Termination Event on or after the first anniversary of your Start Date, but prior to the second anniversary of your Start Date, you shall repay to the Company 33% of the Signing Bonus. By signing below, you authorize the Company to immediately offset against and reduce any amounts otherwise due to you for any amounts due to the Company in respect of your obligation to repay the Signing Bonus under this paragraph.
03/02/2018 (Homology Medicines, Inc.)
Table of Contents target annual bonus equal to 30% of Dr. Chakrabortys annual base salary based on the achievement of goals established by our board of directors. Dr. Chakrabortys annual base salary was increased to $325,000 in connection with his appointment as our Chief Scientific Officer in November 2020. In addition, under the offer letter Dr. Chakraborty received a one-time signing bonus equal to $30,000, with an additional payment to cover all taxes resulting from the payment of the signing bonus. The offer letter further provides for the grant of an initial option to purchase 628,952 shares of our common stock, which was granted on September25, 2019 at an exercise price of $0.10 per share, and a grant of an option to purchase 331,982 shares of our common stock following the milestone closing of our SeriesA-2 preferred stock financing, which was granted on March10, 2020 at an exercise price of $0.16 per share. Each option shall vest with respect to 25% of the shares subject to the option on the first anniversary of the applicable grant date, and the remaining 75% of such shares subject to the option shall vest in 36 monthly installments thereafter, subject to Dr. Chakrabortys continued service through each applicable vesting date.
01/15/2021 (Vor Biopharma Inc.)
5.SIGNING BONUS. In connection with entering into this offer letter, you will be paid a signing bonus to $40,000 (the "Signing Bonus") within twenty days after the Effective Date. You and the Company acknowledge and agree that the Signing Bonus will not be earned in whole unless and until you are continuously, actively employed by the Company through the third anniversary of the Effective Date. If your employment is terminated by the Company with Cause at any time prior to or on the first anniversary of the Effective Date, or by you for any reason prior to or on the first anniversary of the Effective Date, you will not be entitled to retain any portion of the Signing Bonus and you will be obligated to immediately repay to the Company the Signing Bonus, in full, on the date of termination. In the event that your employment is terminated by the Company with Cause or by you (a)after the first anniversary of the Effective Date but prior to or on the second anniversary of the Effective Date, the Company will allow you to retain 33% of the unearned bonus, and you hereby agree to repay to the Company, on the date of termination, 67% of the bonus; or (b) after the second anniversary of the Effective Date but prior to the third anniversary of the Effective Date, the Company will allow you to retain 67% of the unearned bonus, and you hereby agree to repay to the Company, on the date of termination, 33% of the Signing Bonus. For purposes of this Section 5, Cause shall mean: (1) your conviction or plea of nolo contender to a misdemeanor involving moral turpitude or any felony, (2) your commission of any act of theft, embezzlement or misappropriation of Company assets, (3) your material breach of any agreement with the Company, (4) your failure to follow the reasonable and lawful written direction of any superior, provided that you are given five days' notice and opportunity to cure such failure, if curable, prior to termination, (5) your willful failure to perform the essential duties of your position, or (6) your commission of an act of unlawful discrimination, harassment or retaliation. This does not alter the at-will nature of your employment.
03/09/2018 (PUMA BIOTECHNOLOGY, INC.)
5. Signing Bonus. In addition to the bonus under Section4 above, you will receive a one-time cash sign-on bonus in the amount of $10,000 (the Signing Bonus), which will be paid to you no later than 30 days following the Start Date. You must be employed by the Company at the time of payment of the Signing Bonus in order to receive the Signing Bonus. The Signing Bonus shall be subject to deductions and withholdings as required by law. If prior to the 12-month anniversary of the Start Date, your employment is terminated for any reason other than (i)by the Company without Cause, (ii)death, (iii) disability then you agree to repay to the Company the net amount of the signing bonus that you received, after deduction of state and federal withholding tax, social security, FICA, and all other employment taxes and authorized payroll deductions, within 30 days of your Date of Termination.
03/16/2017 (CHIASMA, INC)
Signing Bonus. You will be entitled to a signing bonus equal to $50,000 (the "Signing Bonus"). The Signing Bonus will be paid to you in a cash lump sum as soon as practicable, but in no event later than 30 days, following the Start Date; provided, however, that if you leave employment with the Company on your own accord for any reason prior to your 18 month anniversary of the Start Date, you will promptly repay the Signing Bonus to the Company. You may choose to take this bonus in three equal installments at your option.
05/07/2020 (Waitr Holdings Inc.)
This signing bonus is offered in anticipation of the contributions you will make to our business over time. In the event that you resign before completing twenty-four (24)months of employment, or you are terminated for cause before twenty-four (24)months of employment, you will be required to repay the prorated, remaining balance of your signing bonus. Any such repayment may be deducted in whole or in part from any final payments due to you.
12/06/2018 (LEVI STRAUSS & CO)
In the unlikely event that you voluntarily terminate your employment or the Company terminates your employment for cause, within1 year of your date of hire, you agree and will be responsible for reimbursing the Company for the full signing bonus. In such a case, the balance owed will be deducted from any payment due to you at such time of termination, including salary, severance payments, bonuses, and vacation. By your signature on this employment offer, you specifically agree and authorize the Company to withhold any payments issued prior to termination of employment, if that termination occurs before 1 year of your date of hire. The signing bonus will not be considered for purposes of determining benefits underChemours Compensation and Benefit Plans.
05/03/2017 (Chemours Co)
2.Signing Bonus. The Company previously provided you with a signing bonus (the Signing Bonus). In the event of a Qualified Termination (as defined below), the Signing Bonus shall not be subject to any repayment requirements whatsoever. In the event that the Company terminates your employment for Cause (defined below) or of your voluntary resignation without Good Reason (defined below) prior to the third (3rd) anniversary of the date you commenced employment with the Company (the Start Date), you shall immediately repay fifty percent (50%) of the entire Signing Bonus to the Company; subsequent to the third (3rd) anniversary of your Start Date, no portion of the Signing Bonus shall be repaid to the Company regardless of the circumstances of the termination of the employment relationship. The Company, at its option, shall have the automatic right to offset any compensation owed to you against the Signing Bonus repayment amount, to the maximum extent permissible by applicable law, in order to recoup the same.
03/23/2021 (Compass, Inc.)
3.Signing Bonus.The Company will pay you a signing bonus in the amount of $40,000 within 30 days of your start date (the “Signing Bonus”).If (i) you resign from your employment with the Company and such resignation does not constitute a Resignation for Good Reason or (ii) you are terminated by the Company for Cause, in either case prior to completing 12 months of continuous employment following your start date, you agree to repay 100% of the Signing Bonus within 30 days of your termination of employment.
09/14/2020 (Tarsus Pharmaceuticals, Inc.)
Signing Bonus.You will receive a one-time signing bonus of twenty-five thousand dollars ($25,000), payable in a single lump-sum check on the next regularly scheduled pay date following the Effective Date.The signing bonus is taxable, and all regular payroll taxes will be withheld.In the event you voluntarily resign from the Company within twelve (12) months of the Effective Date, you will be responsible for reimbursing the Company for the full signing bonus. By signing this Agreement, you authorize the Company to withhold some or all of the signing bonus amount, $25,000, from any final pay for which you may be eligible, should repayment be required under this Section 3.b.
03/17/2020 (Alphatec Holdings, Inc.)
4.2Signing Bonus. As a signing bonus, Executive shall receive two payments of $65,000 (subject to payroll taxes) (the “Signing Bonus Payments”). The first payment of the Signing Bonus Payments will be paid on the Company’s first regular payroll date in January 2021, and the second payment will be paid in 2021 on the date on which annual bonus payments for 2020 are made to all other Company employees. The Signing Bonus Payments shall be considered earned eighteen (18) months following the Effective Date or, if applicable, the date on which Executive’s employment is terminated by the Company without Cause (as defined herein), due to death or Disability (as defined herein), or by Executive for Good Reason (as defined herein) prior to eighteen (18) months from the Effective Date. If Executive’s employment is terminated by the Company for Cause or by Executive without Good Reason (including by Executive’s resignation) prior to or on the date that is eighteen (18) months from the Effective Date (the “Separation Date”), he shall, within ten (10) days after the Separation Date, repay to the Company a portion of the total value of the Signing Bonus Payments (before the deduction of any applicable taxes) in accordance with the table below based on his Separation Date.
02/25/2021 (IOVANCE BIOTHERAPEUTICS, INC.)
We are pleased to offer you a signing bonus of $50,000.This bonus will be paid in one lump sum in a separate check on the next regularly scheduled pay date after you start employment with REGENXBIO Inc. ("REGENXBIO"). The signing bonus is taxable, and all regular payroll taxes will be withheld. In the event that you resign your employment with REGENXBIO, or are terminated by the company for cause as determined by REGENXBIO, within 12 months of your date of hire, you will be responsible for reimbursing the company the entire signing bonus. By your signature on this agreement, you agree to repay such amount to the company upon demand.You further authorize the company to deduct from any wages owed to you by the company (including without limitation a final pay check or any severance) any amount you owe the company hereunder.
05/09/2017 (REGENXBIO Inc.)
7.6. At the discretion of the Compensation Committee and the Board (and with respect to the CEO- also the Company’s general meeting of shareholders), Gamida may grant a newly recruited Executive Officer a signing bonus. Such bonus may be granted in cash, equity or a combination of both. The signing bonus will not exceed: (1) 50% of such Executive Officer’s annual Base Salary, if the signing bonus is granted in cash; (2) 100% of such Executive Officer’s annual Base Salary, if the signing bonus is granted by equity; (3) In case the signing bonus is a combination of cash and equity, its limit shall be proportional to the cash and equity components, calculated in accordance with the ratios mentioned in sections (1) and (2) above.
02/26/2020 (Gamida Cell Ltd.)
10.2. Signing Bonus. Gamida may grant a newly recruited Executive Officer a signing bonus at the CEO’s discretion (and in the CEO’s case, at the Board’s discretion), subject to any additional approval as may be required by the Companies Law (the “Signing Bonus”). The Signing Bonus will not exceed three (3) monthly entry base salaries of the Executive Officer.
02/26/2020 (Gamida Cell Ltd.)
d)Signing Bonus. Upon the commencement of your employment with the Company, you will receive a one-time signing bonus in the amount of $100,000 (the Signing Bonus), subject to applicable payroll deductions and withholdings. The Signing Bonus will be paid to you as an advance in a single lump sum in accordance with the Companys standard payroll processes within 30 days after your Start Date, and is provided to you prior to your earning of such Signing Bonus. You will not earn the Signing Bonus unless you remain actively and continuously employed with the Company through the one (1)year anniversary of your Start Date. If you are terminated for Cause or you resign without Good Reason, as each term is defined below, at any time prior to the one (1)year anniversary of your Start Date, you agree to repay to the Company, within thirty (30)days of your employment termination date 100% of the gross amount of the Signing Bonus.
11/10/2020 (Silverback Therapeutics, Inc.)
2.4 Signing Bonus. Upon the commencement of Employee’s employment with the Company, Employee will receive a one-time signing bonus in the amount of $100,000 (the “Signing Bonus”), subject to applicable payroll deductions and withholdings. The Signing Bonus will be paid to Employee as an advance in a single lump sum in accordance with the Company’s standard payroll processes within 30 days after the Start Date, and is provided to Employee prior to Employee’s earning of such Signing Bonus. Employee will not earn the Signing Bonus unless Employee remains actively and continuously employed with the Company through the second anniversary of the Start Date. If Employee’s employment terminates under any circumstances, Employee agrees to repay to the Company, within thirty (30) days of Employee’s employment termination date: (i) 100% of the gross amount of the Signing Bonus if such termination occurs before the first year anniversary of the Start Date, and (ii) 50% of the gross amount of the Signing Bonus if such termination occurs before the second year anniversary of the Start Date.
02/10/2021 (AETHLON MEDICAL INC)
(f) Signing Bonus. As additional consideration for entering into this Agreement, Company shall pay a one-time lump sum Signing Bonus of Twelve Thousand Five Hundred Dollars ($12,500.00), less ordinary payroll taxes and other deductions, to be paid on the first payroll processed following the Effective Date.
05/02/2019 (Clear Channel Outdoor Holdings, Inc.)
3.Annual Performance Bonus and Signing Bonus. You also will be eligible to receive an annual target bonus of 15% of your annual base salary for 2017, and for each year thereafter 30% of your annual base salary, upon achievement of performance objectives to be determined by the CEO and Board (the Bonus). Following the end of the each calendar year, the Board, in its discretion, will determine the extent to which the performance objectives relating to the Bonus for that year were achieved and the extent to which the Bonus becomes earned for that year. In order to be eligible to receive a Bonus, you must be employed through the date the Board makes its determination to what extent the performance goals have been achieved and the amount of the Bonus to which you will be entitled, which the Board will make its determination no later than April1 of the calendar year following the calendar year to which the Bonus relates. Any Bonus, or portion thereof, will be paid, less applicable withholdings, as soon as practicable after the Board makes its determination of the extent to which the Bonus has been earned, but in no event later than May1 following the calendar year in which the Board makes its determination as to the extent a Bonus has been earned (if at all). Upon receiving from you a final signed version of this Employment Letter, the Company shall as soon as practicable pay to you a signing bonus in the amount of $51,000, less any applicable withholdings (the Signing Bonus). Should you resign from the Company before the first anniversary of the Start Date, you shall, within 30 days of the date of such resignation, repay to the Company the full amount of the Signing Bonus.
08/02/2019 (Satsuma Pharmaceuticals, Inc.)
Signing Bonus: Upon the commencement of your employment and your completion of requisite compliance and payroll documents, you will receive a one-time signing bonus of $150,000 (before applicable withholding and taxes) to be paid along with your first scheduled semimonthly salary (or as soon as practical thereafter). If you resign within eighteen (18) months of employment, you will be required to refund to the Company the full amount of your signing bonus. Additionally, subject to the approval of Savara's Board of Directors (the “Board’’) and as a material inducement to your accepting of employment with the Company, upon the commencement of your employment and your completion of requisite compliance and payroll documents, you will receive a one-time signing bonus grant of 200,000 RSUs, vesting in full after eighteen (18) months (i.e. cliff-vesting).
03/12/2020 (Savara Inc)
Signing Bonus. The Company will pay you a one-time signing bonus of $50,000 payable in 12 monthly installments to begin within thirty (30)days of the Start Date, subject to applicable tax withholding. These monthly installments of the bonus are subject to change based on the Executive Compensation Package, currently under Board review. If after 12 months there is no formal executive compensation package the signing bonus will be renewed.
10/18/2019 (Velocity Financial, LLC)
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