,000 Option Incentive Clause Samples
,000 Option Incentive. If AMERX net sales for the fiscal 2021 year increase 25% or more over the prior fiscal years’ net sales, 25,000 options to purchase Procyon common stock will be granted pursuant to a new 2020 Stock Option Plain, when approved by the shareholders.
,000 Option Incentive. If AMERX net sales for the fiscal 2020 year increase 25% or more over the prior fiscal years’ net sales, 25,000 options will be granted. Annual Profit Incentive: The profit incentive, which includes profit from product sales, as well as profit from other activities, which may be designated from time to time by the Board of Directors, will be based on audited fiscal year 2020. AMERX Profit Bonus:
,000 Option Incentive. If AMERX net sales for the fiscal 2024 year, increase 25% or more over the prior fiscal years’ net sales, 25,000 non- qualified options to purchase Procyon common stock will be granted pursuant to the 2020 Stock Option Plain. Annual Profit Incentive: The profit incentive, which includes profit from product sales, as well as profit from other activities, which may be designated from time to time by the Board of Directors, will be based on audited fiscal year 2024. AMERX Profit Bonus: