Bonus Equity Sample Clauses

Bonus Equity. (a) At the Closing, Bridgeline shall deliver to the transfer agent instructions to issue a stock certificate representing Two Hundred Thousand (200,000) shares of Bridgeline Common Stock (the “Additional Bridgeline Stock”) to the Escrow Agent (the “Additional Bridgeline Stock Certificate”). (b) The Additional Bridgeline Stock Certificate shall be released to the Shareholder by the Escrow Agent if the Net Revenue generated by the Seller Business in any fiscal year (expiring on September 30th of each calendar year) (the “Annual Net Revenue”) on or before the expiration of fiscal year 2015 equals or exceeds $7,000,000 (the “Annual Net Revenue Target”). (c) In the event that Shareholder fails to meet or exceed the Annual Net Revenue Target during each fiscal year on or before the expiration of fiscal year 2015, then the Additional Bridgeline Stock represented by the Additional Bridgeline Stock Certificate remaining with the Escrow Agent at the end of fiscal year 2015 shall be forfeited by Shareholder and returned to Bridgeline. Such forfeiture shall be evidenced by a stock power in the form attached as Exhibit 1.6(c). (d) Within one hundred twenty (120) calendar days after the end of each fiscal year (expiring on September 30th of each calendar year), Bridgeline shall prepare a calculation of Annual Net Revenue for such fiscal year. Promptly following Bridgeline’s determination of such Annual Net Revenue for such fiscal year, Bridgeline shall deliver the calculation to Shareholder (the “Annual Net Revenue Notice”). (e) The Shareholder shall have twenty (20) days from the date of receipt of an Annual Net Revenue Notice to either (i) accept the calculations made in the Annual Net Revenue Notice or (ii) give notice to Bridgeline in writing that Shareholder intends to dispute the calculations included in the Annual Net Revenue Notice, and such notice shall set forth in reasonable detail the disputed amount and the basis for such dispute. Any such dispute by Shareholder must be reasonable and made in good faith. (i) If Shareholder notifies Bridgeline that it intends to dispute the calculations included in the Annual Net Revenue Notice in accordance with Section 1.6(e) above, then Bridgeline and Shareholder shall negotiate in good faith to resolve the dispute. If Bridgeline and Shareholder are unable to reach a resolution within twenty (20) business days after receipt by Bridgeline of Shareholder’s written notice of dispute, then Bridgeline and Shareholder shall sub...
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Bonus Equity. Upon delivery of the purchase price for the Notes on the Closing Date, the Company shall issue to the Buyer one share of the Company’s common stock for every $0.50 of purchased Note.
Sample 1
Bonus Equity. 5.1 You will be eligible to earn a cash bonus for each fiscal year of the Parent Company ending during the Employment Term, you will be eligible to earn an annual cash bonus (“Annual Bonus”). Your target Annual Bonus is 125% of your current remuneration if the Parent Company achieves certain performance objectives and subject to your individual performance pursuant to the Parent Company’s 2013 Executive Annual Incentive Plan (as may be amended from time to time) or any successor plan. Except as provided in Clauses 14, 15, 16 and 18 below the Annual Bonus for each period will be paid only if you are actively employed with the Company on the date of disbursement. Any Annual Bonus payable hereunder shall be paid in the calendar year following the applicable fiscal year of the Parent Company, after it has been determined by the Compensation Committee of the Board of Directors of the Parent Company (the “Compensation Committee”). 5.2 You will be eligible to participate in the Parent Company’s 2013 Executive Long Term Equity Compensation Program (the “Program”) (as may be amended from time to time) or a successor plan with an initial annual target share or unit award valued at $1,400,000 subject to the rules of the Program and an award agreement in such form as the Compensation Committee may determine from time to time.
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Bonus Equity 
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Related to Bonus Equity

  • Incentive Bonus Plan Employee shall be eligible for a bonus opportunity of up to 65% of his annual base salary in accordance with the Company’s Incentive Bonus Plan as modified from time to time, payable in cash and/or equity of the Company (at the Company’s discretion). The bonus payment and the Company’s targeted performance shall be determined and approved by the Board or the compensation committee thereof.

  • Incentive Bonus During the Term, Employee shall be eligible to receive an incentive bonus up to the amount, based upon the criteria, and payable in such amount, at such times as are specified in Exhibit A attached hereto. The manner of payment, and form of consideration, if any, shall be determined by the Compensation Committee of the Board, in its sole and absolute discretion, and such determination shall be binding and final. To the extent that such bonus is to be determined in light of financial performance during a specified fiscal period and this Agreement commences on a date after the start of such fiscal period, any bonus payable in respect of such fiscal period's results may be prorated. In addition, if the period of Employee's employment hereunder expires before the end of a fiscal period, and if Employee is eligible to receive a bonus at such time (such eligibility being subject to the restrictions set forth in Section 6 below), any bonus payable in respect of such fiscal period's results may be prorated.

  • Annual Performance Bonus During the Employment Term, the Executive shall be entitled to participate in the STIP, with such opportunities as may be determined by the Chief Executive Officer in his sole discretion (“Target Bonuses”), and as may be increased (but not decreased, except for across-the-board reductions generally applicable to the Company’s senior executives) from time to time, and the Executive shall be entitled to receive full payment of any award under the STIP, determined pursuant to the STIP (a “Bonus Award”).

  • Cash Incentive Bonus The pro rata share of any Cash Incentive Bonus that would have been paid to the Executive had the Executive not been terminated Without Cause based on the extent to which performance standards are met on the last day of the year in which the Executive is terminated Without Cause.

  • Performance Bonus The Executive shall be eligible to receive an annual performance bonus, payable within sixty (60) days after the end of the fiscal year of the Employer, in an amount not to exceed twenty-five percent (25%) of the Executive's Base Salary for the applicable year. The amount, if any, shall be determined by the Board, or the appropriate committee thereof, and shall generally be based on a combination of organization-wide and individual performance criteria.

  • Performance Bonuses The Executive will be eligible to receive an annual cash bonus at an annualized rate of up to 40% of his base salary, based on the achievement of reasonable individual and Company performance targets to be established by the Company and Parent.

  • Incentive Bonuses After the Company attains profitability, the Employee shall be eligible to be considered for an annual incentive bonus. Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Board or its Compensation Committee. The determinations of the Board or its Compensation Committee with respect to such bonus shall be final and binding. Except as expressly provided in this Agreement, the Employee shall not be entitled to an incentive bonus if he is not employed by the Company on the date when such bonus is payable.

  • Annual Incentive Bonus The Company shall, in addition to Executive’s Base Salary, pay Executive an Annual Incentive Bonus, which shall be payable within 120 days of the end of each fiscal year in accordance with the formula set forth on Exhibit A, attached hereto and made a part hereof.

  • Annual Incentive Awards The Executive shall participate in the Company's annual incentive compensation plan with a target annual incentive award opportunity of no less than 40% of Base Salary and a maximum annual incentive award opportunity of 80% of Base Salary. Payment of annual incentive awards shall be made at the same time that other senior-level executives receive their incentive awards.

  • Annual Bonus Compensation Executive shall be eligible to receive a bonus each Contract Year (“Annual Bonus”) as the Compensation Committee of the Board of Directors shall determine. Executive’s Annual Bonus shall be determined in accordance with the Company’s executive compensation policies as in effect from time to time during the Term and shall be based, in part, on his achieving his individual performance goals for the year and, in part, on the Company’s achieving its performance goals for the year.

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