Michelle Obama in one of her many J.Crew Cardigans. Photo: Leon Neal, WPA POOL/Getty Images

It really pays to dress the First Family.

Especially for Jenna Lyons, Creative Director of J.Crew Group Inc, who oversaw the creation of the Obama daughters' CrewCuts inaugural ensembles and that signature floral J.Crew cardigan Michelle Obama has worn on numerous occasions.

Lyons was rewarded with a one-time cash bonus of $1 million on Oct. 27, an Oct. 29 filing with the SEC reveals. However, there are strings attached.

If she were to leave the company without "good reason," as defined by her contract, before Oct. 27, 2011, she would have to return the whole bonus. If she left before Oct. 27, 2013, she'd have to return half of it.

Lyons is guiding J.Crew successfully through these economic rough times -- earlier this week, the company said it expected sales and earnings for its third fiscal quarter to be up over earlier projections.

She's also received recognition from her peers. Lyons was recently made a member of the Council of Fashion Designers of America.

It looks like she's earned that extra million!