Bonus Equity Compensation Sample Clauses

Bonus Equity Compensation. Subject to approval by the Board of Directors, you will be granted an annual award of RSUs equal to $500,000 divided by the 20-day trailing volume-weighted average price prior to the Effective Date1 and $1,000,000 worth of warrants with a five-year expiration2 of a quantity and exercise price as calculated by Black-Scholes3 at the Effective Date, both of which shall be conditioned on you achieving certain performance milestones as listed in Schedule A-1. These Bonus Equity Compensation awards will vest 1/16th quarterly from the Employment Date, accruing until the relevant milestone is achieved, until fully vested. The details surrounding the Bonus Equity Compensation may be memorialized by the Board in a separate award agreement, subject to the Company 2021 Equity Retention Plan at the discretion of the Board.

Bonus Equity Compensation. The details surrounding any Bonus Equity Compensation will be memorialized by the Board in a Company Bonus Equity Compensation Plan at the discretion of the Board.

Bonus Equity Compensation. Subject to approval by the Board of Directors, you will be granted an award of RSUs equal to $1,000,000 divided by the 20-day trailing volume-weighted average price prior to the grant date, and $3,000,000-worth of warrants with a five-year expiration of a quantity and exercise price as calculated by Black-Scholes at the time of grant, which shall be conditioned on you achieving certain performance milestones as listed in Schedule A-1. The 4-year vesting schedule for these RSUs and warrants is defined below. The details surrounding the Bonus Equity Compensation may be memorialized by the Board in a separate award agreement, subject to the Company 2021 Equity Retention Plan at the discretion of the Board. Less than One Year 0 % One Year 25 % Two Years (vested quarterly at 6.25% a quarter) 50 % Three Years (vested quarterly at 6.25% a quarter) 75 % Four Years (vested quarterly at 6.25% a quarter) 100 %

Bonus Equity Compensation. In addition to the cash payment, Advisor will receive equity grants equivalent to 1% of the Net Revenue from each Qualifying Project. These equity awards will be granted under NextNRG’s equity plan and subject to standard approval and terms set by the Board. The value and number of shares will be determined at the time of each grant based on the Company’s stock price on the date immediately preceding the date of issuance. The issuance of the shares will be made upon execution of a binding contract for the Qualifying Project; such issuance will vest when the Qualifying Project is actually started by NextNRG. Cash Compensation and Equity Compensation will be referred to collectively as the Compensation. No Cap or Limit. There will be no cap or upper limit on the compensation described above. For as long as the Advisor continues to support NextNRG in this capacity, he will be entitled to the Compensation for each Qualifying Project that results from his involvement. Additionally, Advisor will be entitled to Compensation for any Qualifying Projects post termination, which were brought to the Company by Advisor prior to the termination.

Bonus Equity Compensation. Subject to approval by the Board of Directors, you will be granted an annual award of RSUs equal to $750,000 divided by the 20-day trailing volume-weighted average price prior to the Effective Date1 and $1,500,000 worth of warrants with a five-year expiration2 of a quantity and exercise price as calculated by Black-Scholes3 at the Effective Date, both of which shall be conditioned on you achieving certain performance milestones as listed in Schedule A-1. The 4-year vesting schedule for these RSUs and warrants is defined below**. Less than One Year 0 % One Year 25 % Two Years (vested quarterly at 6.25% a quarter) 50 % Three Years (vested quarterly at 6.25% a quarter) 75 % Four Years (vested quarterly at 6.25% a quarter) 100 % *If the employee is terminated through an Involuntary Termination as defined by Section 4.5 or Section 4.6 during the first 48 months of employment, the remaining unvested RSUs of the One-Time Signing Bonus will either vest at termination or at the one-year anniversary from the Effective Date, whichever is later. **If the employee is terminated through an Involuntary Termination as defined by Section 4.5 or Section 4.6 during the first 48 months of employment, any milestone-achieved portions of the remaining unvested RSU’s and warrant amounts detailed in the Bonus Equity Compensation section will either vest at termination or the one-year anniversary from the Effective Date, whichever is later.

Bonus Equity Compensation. Subject to approval by the Board of Directors, you will be granted an award of RSUs equal to $300,000 divided by the 20-day trailing volume-weighted average price prior to the Effective Date of this agreement, and $500,000 worth of warrants with a three-year expiration of a quantity and exercise price as calculated by Black-Scholes1 at the Effective Date of this agreement, both of which shall be conditioned on you achieving certain performance milestones as listed in Schedule A-1. These Bonus Equity Compensation awards will vest 1/12th quarterly beginning on the last day of the quarter following the issuance of this award until fully vested.

Bonus Equity Compensation. Subject to approval by the Board of Directors, you will be granted an annual award of RSUs equal to $500,000 divided by the 20-day trailing volume-weighted average price prior to the Effective Date1 and $1,000,000 worth of warrants with a five-year expiration2 of a quantity and exercise price as calculated by Black-Scholes3 at the Effective Date, both of which shall be conditioned on you achieving certain performance milestones as listed in Schedule A-1. These Bonus Equity Compensation awards will vest 1/16th quarterly from the Employment Date, accruing until the relevant milestone is achieved, until fully vested. The details surrounding the Bonus Equity Compensation may be memorialized by the Board in a separate award agreement, subject to the Company 2021 Equity Retention Plan at the discretion of the Board. Notwithstanding the foregoing, Bonus Equity Compensation will first vest on the last day of the fiscal quarter following the first-year anniversary of the Employment Date, and Bonus Equity Compensation scheduled to vest before the first-year anniversary of the Employment Date will accrue until such time. ● Additionally, because the Employment Date is approximately halfway through the Company’s fiscal year, the annual award of RSUs and warrants set forth above will be adjusted to reflect 50% value, such that through June 30, 2026, your total potential Bonus Equity Compensation shall be reduced to RSUs in the amount of $250,000 and $500,000 worth of warrants.

Bonus Equity Compensation. ▇▇. ▇▇▇▇▇▇▇ shall be considered for bonuses and equity compensation by the Compensation Committee or the Board of Directors pursuant to company policy which ▇▇. ▇▇▇▇▇▇▇ understands are decisions made in the sole discretion of the Committee and/or Board of Directors and is, therefore, not a commitment for any such bonus or equity compensation. ▇▇. ▇▇▇▇▇▇▇ is an independent contractor and shall not be deemed an employee of DUSA for any purpose. He shall not be entitled to receive from DUSA any medical, pension or profit sharing plan, or other fringe benefits which may be made available to the employees of DUSA from time to time, unless expressly provided for in this Agreement.

Bonus Equity Compensation. Subject to approval by the Board of Directors, you will be granted an award of RSUs equal to $750,000 divided by the 20-day trailing volume-weighted average price prior to the Effective Date of this agreement, and $1,500,000 worth of warrants with a five-year expiration of a quantity and exercise price as calculated by Black-Scholes1 at the Effective Date of this agreement, both of which shall be conditioned on you achieving certain performance milestones as listed in Schedule A-1. The 4-year vesting schedule for these RSUs and warrants is defined below**. Less than One Year 0 % One Year 25 % Two Years (vested quarterly at 6.25% a quarter) 50 % Three Years (vested quarterly at 6.25% a quarter) 75 % Four Years (vested quarterly at 6.25% a quarter) 100 % *If the employee is terminated through an Involuntary Termination as defined by Section 4.5 or Section 4.6 during the first 48 months of employment, the remaining unvested RSUs of the One-Time Signing Bonus will either vest at termination or at the one-year anniversary from the Effective Date, whichever is later. **If the employee is terminated through an Involuntary Termination as defined by Section 4.5 or Section 4.6 during the first 48 months of employment, any milestone-achieved portions of the remaining unvested RSU’s and warrant amounts detailed in the Bonus Equity Compensation section will either vest at termination or the one-year anniversary from the Effective Date, whichever is later.