Bonus and Stock Options. Employee shall participate in TSC's Vice Presidents Compensation Program, as amended from time to time, which includes base salary, annual bonus, and equity.
Bonus and Stock Options. During the Term, the Employee shall be eligible to receive an annual cash bonus for each fiscal year, as determined by the CEO in its sole discretion. Such annual bonus, as determined by the CEO in its sole discretion, will not exceed 50% of the Base Salary. Any such bonus must be paid to the Employee within sixty (60) days after the date the CEO determines to award such bonus. In order to receive any cash bonus payable pursuant to this Section 6(b), the Employee must be actively employed by the Company on the date on which such bonus is scheduled to be paid to the Employee. During the Term, the Employee shall be eligible for awards of options to purchase shares of the Company's stock (the "Stock Options"), such Stock Options to be awarded in the sole discretion of the Board and in accordance with the terms of the Company's Stock Option Plan (the "Plan"), as the Plan may be amended, suspended, or terminated from time to time. In addition to the annual cash bonus and stock option awards set forth above, additional bonus in the form of cash and/or stock in the Board's sole discretion may be paid to the Employee.
Bonus and Stock Options. Executive will be entitled to bonus compensation and equity award grants with the value and vesting terms to be generally commensurate with those of other senior executives of the Company, including, without limitation, incentive stock options in an amount customary for senior executives of biotechnology companies, as determined by the Board in its sole discretion.
Bonus and Stock Options. 3.1 Within 45 days of the end of each of the Company's fiscal years ending December 31 1997, 1998 and 1999, the Company shall pay the Executive a bonus equal to five percent (5%) of the Company's pre-tax profits for the fiscal year then ended, if the following conditions are met:
Bonus and Stock Options. 3.1 Within 90 days after each fiscal year, the Compensation Committee (the "Committee") of the Board of Directors shall determine, in its sole and absolute discretion, the amount of the cash bonus, if any, to be paid to Executive for his services to the Company for the preceding fiscal year. In making its determination, the Committee shall consider all factors it deems relevant, including, but not limited to, the financial condition, results of operations and business of the Company and the efforts of the Executive in assisting the Company in achieving its strategic objectives for the preceding fiscal year.
Bonus and Stock Options a) For each full fiscal year of Nutrition 21 during your employment in which Nutrition 21 has positive EBITDA, Nutrition 21 will pay to you a bonus equal to 0.25% (but not more than $50,000) of N21’s direct response sales in excess of $30 million during such fiscal year, plus 2.5% (but not more than $100,000) of direct response operating profits in excess of $3 million during such fiscal year.
Bonus and Stock Options. Employee will not be eligible to receive any bonus pay. Employee’s stock options will expire. EMPLOYMENT AGREEMENT
Bonus and Stock Options. 4.1. AHOLD shall pay the CFO a bonus based on targets set, by mutual agreement, between the CFO and the Supervisory Board and will be payable in a single payment. The target amounts to 1.25 times the annual base salary, as that will be determined from year to year. For the first 12 months of employment following the Date of Employment, the CFO will be entitled to a guaranteed bonus of 70% of the annual target bonus amount. Eor the consecutive 12 months of employment, the CFO will be entitled to a guaranteed bonus of 50% of the annual target bonus amount. At the Date of Employment the CFO will be paid a first instalment of the guaranteed bonus for the first twelve months of employment in the amount of gross EUR 500,000.
Bonus and Stock Options. Associate will receive an initial stock option agreement, incorporated herein by reference, which shall have a ten (10) year term, and which shall allow Associate to purchase up to 10,000 shares of ProxyMed common stock (the "Stock Options") at its fair market value defined as the price at which common stock is reported to have traded on the NASDAQ System at the close of business on the Effective Date. The options will vest over a three (3) year period as follows: 1/3 on the first anniversary of the Effective Date, 1/3 on the second anniversary of the Effective Date, and 1/3 on the day before the third anniversary of the Effective Date. The Stock Options granted hereunder shall be governed exclusively by and issued in accordance with the terms of the Company's 2002 Stock Option Plan, incorporated herein by reference. As a further incentive and inducement to the Associate to commence and continue his employment with the Company and to devote his best efforts to the business and affairs of the Company, the Associate shall be entitled to and may earn such bonuses ("Bonuses") as may be awarded from time to time by the Board of Directors of the Company, sitting as a whole or in committee, in its sole discretion, including pursuant to any bonus plan ("Bonus Plan") implemented by the Company, and to participate in any stock option plans ("Stock Option Plans") or other Bonus Plans which the Company may now have or in the future develop and for which the Associate qualifies for eligibility under the terms of such plan.
Bonus and Stock Options. Consultant will be eligible to be issued a bonus based on performance and, additionally, to participate in any stock option or other equity compensation plan adopted by Company during the term of this Agreement and applicable to other employees at the Consultant’s level (the “Plan”). The number of options, vesting schedule, exercise price, and all other terms and conditions of the stock options shall be set forth in an option agreement pursuant to the applicable plan and shall be commensurate with Consultant’s position, as determined by the Committee of the Company’s Board of Directors charged with administering the Plan, in its sole discretion. The Company may, consistent with its obligations under such a plan or plans, amend or discontinue any or all stock option plans at any time. Contingent upon Consultant executing this Agreement and as part of the consideration for Consultant’s services and being bound by the obligations set forth herein, the Company will grant the Consultant upon the completion of twelve (12) months of the date hereof and annually on the anniversary each and every year that follows, during the Consultant’s continuous consulting, an option to purchase 500,000 shares of the Company’s restricted common stock, which shall be subject to the terms and conditions set forth in this the Stock Option Agreement(s) attached hereto as Exhibit A. Consultant understands and acknowledges that such option cannot be exercised unless and until the issuance of the option has been approved by the Company’s stockholders.
