Bonus Agreement. Empire Trading Ltd (“
Bonus Agreement. Nothing in this Agreement, including the Mutual Release set forth in Section 18 below, shall affect any rights or obligations of the Parties under the Bonus and Other Agreement, effective December 31, 2003, between the Parties, as amended by the Amendment to Bonus and Other Agreement, dated November 17, 2005, between the Parties (together, the “Bonus Agreement”).
Bonus Agreement. Dear Xxxx: In consideration for your work for Connecture, Inc., a Delaware corporation (the “Company”), the Company will pay you a Bonus (as described below) upon the earliest Payment Event (as defined below) to occur after the date of this letter (the “Agreement”), subject to the conditions described herein, so long as you are continuously employed by the Company (or any controlled affiliate) or its successor from the date of this Agreement through the Payment Event. If your continuous employment with the Company (or any controlled affiliate) and its successor terminates for any reason before the Payment Event, you will forfeit any and all rights to the Bonus. Subject to the terms of this Agreement, the Bonus will be paid to you upon the earliest to occur of the following payment events (“Payment Event”): (i) on or within 20 days after the closing of the first public offering of capital stock of the Company that is effected pursuant to a registration statement filed with, and declared effective by, the Securities and Exchange Commission under the Securities Act of 1933, as amended (“IPO”); provided, however if either the Company or the Company’s underwriters determine that payment of the Bonus on or within 20 days after the IPO may jeopardize the success of the IPO or subject the Company to other adverse consequences, the Bonus related to an IPO will be paid on October 1, 2014; (ii) on the closing of a Change of Control (“Change of Control”), as defined in the Connecture, Inc. 2010 Stock Incentive Plan, as may be amended from time to time (the “Plan”); (iii) on or within 20 days after the closing of an equity financing that results in gross proceeds to the Company of at least $20,000,000 (“Financing”); or (iv) October 1, 2014. The amount of the Bonus will depend on which Payment Event triggers the right to payment as follows: IPO Change of Control Financing October 1, 2014 $ 300,000 $ 250,000 $ 250,000 $ 250,000 The Company will pay the Bonus to you in a single lump sum; provided, however, that if net sale proceeds payable upon a Change of Control are contingent, deferred, or conditional (i.e., escrowed or subject to any earn-out or similar arrangement), then a corresponding portion of the Bonus will be paid to you on the earlier of (x) the date on which such deferred portion is paid so long as you are continuously employed by the Company (or any controlled affiliate) or its successor from the date of this Agreement through such date, or (y) the date your...
Bonus Agreement. 25 8.7 No Adverse Development............................................ 25 8.8 Date of Closing................................................... 25 8.9 Opinion of Visigenic's Counsel.................................... 25 8.10 Filing of Certificate of Merger................................... 25
Bonus Agreement. Shareholder and Visigenic shall have entered --------------- into a Bonus Agreement.
Bonus Agreement. At the Closing, XRG shall execute and deliver to Xx. Xxxxxx a bonus agreement based on 85% of the gross revenue billed each year by Xx. Xxxxxx'x operation.
Bonus Agreement. The Company shall have entered into the Bonus Agreement with each of Messrs. Greg Malik, Jack Mellor, and Dominic Camden.
