Sign On Bonus Repayment Agreement Template: Fill out & sign online

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How to write a sign-on a bonus?

As discussed, we are pleased to offer you a signing bonus of [amount]. This bonus will be paid in one lump sum on the next regularly scheduled pay date after you complete the hiring process. This signing bonus is taxable, and all regular payroll taxes will be withheld.

What is an example of a sign-on bonus agreement?

Signing bonus clause samples. 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.

How long do you have to repay a sign-on bonus?

Nowadays, there are usually stipulations. For example, they may say that as long as you stay for three years, you get to keep your signing bonus, but otherwise you have to pay it back. They may also pay out the signing bonus in installments based on how long you stay, but not have to pay back anything.

Is sign-on bonus paid in installments?

Sign-on bonuses are usually one-time payments, meaning they dont have a complex structure. That said, some employers pay the bonus in installments, with conditions (a retention clause or bonus), over a set period.