Brett Carters Sign-On Bonus Terms
Contract Categories:
Human Resources
- Bonus & Incentive Agreements
EX-10.01 2 ai02signingbonusterms.htm EXHIBIT 10.01 Exhibit
Sign-On Bonus
Terms
• | Upon commencement of employment with the Company, Mr. Carter will receive a sign-on bonus of $250,000, less all legally required and authorized deductions and withholdings, payable in a lump sum within 30 days of his commencement of employment. |
• | Upon Mr. Carter’s one-year anniversary of his commencement of employment with the Company, if he remains employed with the Company on that date, Mr. Carter will receive an additional $250,000, less all legally required and authorized deductions and withholdings, payable in a lump sum within 30 days of his one-year anniversary. |
• | If Mr. Carter voluntarily resigns for any reason prior to the two-year anniversary of his commencement of employment, Mr. Carter will be obligated to repay $250,000 to the Company. |
• | Payment of this sign-on bonus does not alter the at-will nature of Mr. Carter’s employment. |
