Bonus Consideration. In addition to the Purchase Price and the consideration specified in Section 1.7 above and subject to the limitation set forth in Section 1.14 below, if the Seller is entitled to receive Purchaser Shares having an aggregate value of One Million Dollars ($1,000,000) pursuant to Section 1.7 above, then during the first eighteen (18) months following the Closing, the Seller shall also be entitled to receive an additional number of the Purchaser Shares having an aggregate value equal to Fifty Thousand Dollars ($50,000), which shares shall be valued at the fair market value as of the date earned (as determined below), for each (a) One Million Dollars ($1,000,000) in revenue recognized by the Purchaser (in accordance with GAAP and the Purchaser’s current revenue recognition policy) attributable to sales of the Products to Existing Customers and not used as a basis to earn the consideration set forth in Section 1.7 above, and (b) Two Million Dollars ($2,000,000) in revenue recognized by the Purchaser (in accordance with GAAP and the Purchaser’s current revenue recognition policy) attributable to sales of the Products to New Customers and not used as a basis to earn the consideration set forth in Section 1.7 above; provided, however, that the maximum value of the additional consideration payable pursuant to this Section 1.8 shall not exceed Four Million Dollars ($4,000,000). The Purchaser will issue the Purchaser Shares issuable pursuant to this section within thirty (30) business days following the end of the calendar quarter in which they are earned with the value of such Purchaser Shares being issued in respect of such calendar quarter being determined for this purpose by reference to the arithmetic average of the daily closing price per share, rounded to four decimal places, of the Purchaser Shares as reported on The NASDAQ SmallCap Market (or, if the Purchaser Shares are not reported on the NASDAQ SmallCap Market, then as reported on a Subsequent Market) for each of the ten (10) consecutive trading days ending (and including) the trading day that occurs one trading day prior to (and not including) the last day of such calendar quarter.
Bonus Consideration. Subject to the terms and conditions of this Agreement (including any Purchase Price Adjustments), as additional consideration for the Stock, Buyer will pay additional consideration as follows: (a) Sellers shall be paid additional bonus consideration of $150,000(USD) when domain certification is granted to the Companies, provided that such domain certification is granted within one year subsequent to the Closing Date, and (b) if total Revenues for the Companies, as measured and verified pursuant to the terms and conditions of this Agreement, exceeds $180,000.00(USD) per month in February and March of 2008, Buyer will pay Sellers any such amounts exceeding $180,000.00.
Bonus Consideration. If AGCO introduces PETPLANET to third parties distributors with the intention of those third party distributors possibly providing distribution services to PETPLANET and, thereafter, PETPLANET enters into one or more exclusive product distribution agreements with those third parties, AGCO may be awarded, as bonus consideration, a warrant to purchase 25,000 shares of PETPLANET common stock subject to the terms and conditions as set forth in Exhibit C. Any bonus consideration awarded shall be issued at the reasonable discretion of PETPLANET.
Bonus Consideration. At the next payroll period upon effectiveness of this Agreement, the Employee will be paid $25,000 for the 2006 bonus period.
Bonus Consideration. This Lease is made on the condition that within ( ) days from the date of this Lease, Lessee shall pay to Lessor the sum of Dollars ($ ) per net mineral acre. FAILURE BY LESSEE TO PAY THE BONUS CONSIDERATION WITHIN SUCH
Bonus Consideration. The Company shall pay an annual bonus to the Employee, in an amount to be determined by the Company in accordance with the bonus accrual and terms of the Fintube Limited Partnership bonus Agreement for the year ending December 31, l 999. For each calendar year thereafter for the term of this Agreement, the Company shall pay an annual bonus to the Employee at the Company's sole discretion (collectively, Employee's "BONUS CONSIDERATION").
Bonus Consideration. Immediately prior to the Closing Time:
(a) Sprott Asset Management Gold Bid LP will contribute, or cause to be contributed, to Central GoldTrust an aggregate number of PHYS Units equal to the aggregate Bonus Consideration in respect of the outstanding GTU Units (other than those GTU Units held by or on behalf of Sprott Asset Management Gold Bid LP); and
(b) Central GoldTrust will subsequently make a special distribution in respect of each GTU Unit (other than those GTU Units held by or on behalf of Sprott Asset Management Gold Bid LP) of the Bonus Consideration.
Bonus Consideration. In order to fund payment in full of the incentive bonus payable to Xxxxxxx pursuant to the incentive compensation arrangement approved by the Cirronet Board of Directors as of July 27, 2006, and subject to the other provisions of this Section 1.5, effective as of the Effective Time, Xxxxxxx shall be entitled to receive from the Parent: (i) the Bonus Cash Consideration, which shall be payable by Parent by check or wire transfer to an account designated by Xxxxxxx; (ii) the Bonus Earnout Consideration, which shall be payable by Parent pursuant to the Earnout Agreement; (iii) the Bonus Loan Consideration, which shall be payable by Parent pursuant to the terms of the Parent Promissory Note; and (iv) the Bonus Stock Consideration, which shall be issued and delivered by Parent to Xxxxxxx at Closing. Xxxxxxx hereby acknowledges and confirms that the Bonus Consideration constitutes payment in full of any and all obligations of Cirronet with respect to or arising out of the sale of Cirronet or the transactions contemplated by this Agreement, and in consideration of the agreements set forth herein with respect to the Bonus Consideration, Xxxxxxx hereby releases Cirronet, Parent, Merger Subsidiary, the Cirronet Shareholders and the Cirronet Optionholders of any obligation with respect thereto (other than Parent’s obligation to pay the Bonus Consideration in the manner set forth herein).
Bonus Consideration. As additional consideration for the purchase of the Shares, the Seller Group and the Warrant Holders may be entitled to additional payments up to an aggregate of $50 million if the Company meets certain targets, as set forth in Section B of Schedule A attached hereto, as Tranche 1 and Tranche 2 payments (the “Bonus Contingent Consideration”). Buyer shall pay to the Seller Group and the Warrant Holders the Bonus Contingent Consideration in installments as set forth in Section B of Schedule A attached hereto, with each installment payable as provided therein.
Bonus Consideration. Executive shall be eligible for consideration for an annual bonus of up to one times Executive’s Base Salary, in the discretion of the Board of Directors of MB and the Bank, based on personal performance and performance criteria of the Bank and MB that is developed by the Boards of the Bank and MB, in their sole discretion, in conjunction with discussions with Executive.
