Common use of Bonus Equity Clause in Contracts

Bonus Equity. (i) During the Term, the Employee shall also be entitled to an annual bonus in the gross amount of ONE HUNDRED TWELVE THOUSAND FIVE HUNDRED DOLLARS ($112,500), less applicable taxes and customary withholdings, in respect of any year commencing with 2018 through the Initial Expiration Date (“Guaranteed Bonus”). Payment of the Guaranteed Bonus shall be made to the Employee in accordance with Company policy, but in no event later than ninety (90) days following the end of the fiscal year in respect of which it is payable (each such payment date, a “Bonus Payment Date”). It is understood and agreed that the Employee shall be eligible for such a Guaranteed Bonus only if the Employee has been continuously employed by the Company from the Amendment Effective Date through end of the applicable fiscal year, and the Employee has not, as of such Bonus Payment Date, issued notice of his resignation, regardless of the reason for such resignation or been terminated by the Company for Cause (as defined below). (ii) Additionally, the Employee shall be eligible to participate in any bonus pool established for, or broad-based equity grant made to, employees or management of the Company, in each case at levels set in the sole discretion of the Company and upon the approval of the Compensation Committee of the Company’s Board of Directors. The Employee shall have a target bonus of ONE HUNDRED TWELVE THOUSAND FIVE HUNDRED DOLLARS ($112,500). Any bonus that is awarded under this provision (a “Discretionary Bonus”) shall be paid to the Employee on the Bonus Payment Date following the end of the relevant fiscal year. It is understood and agreed that the Employee shall be eligible for a Discretionary Bonus only if the Employee has been continuously employed by the Company from the Amendment Effective Date through end of the applicable fiscal year, and the Employee has not, as of such Bonus Payment Date, issued notice of his resignation, regardless of the reason for such resignation or been terminated by the Company for Cause.

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) During accept the Term, the Employee shall also be entitled to an annual bonus calculations made in the gross 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 of ONE HUNDRED TWELVE THOUSAND FIVE HUNDRED DOLLARS and the basis for such dispute. Any such dispute by Shareholder must be reasonable and made in good faith. ($112,500), less applicable taxes and customary withholdings, i) If Shareholder notifies Bridgeline that it intends to dispute the calculations included in respect of any year commencing with 2018 through the Initial Expiration Date (“Guaranteed Bonus”). Payment of the Guaranteed Bonus shall be made to the Employee Annual Net Revenue Notice in accordance with Company policySection 1.6(e) above, but then Bridgeline and Shareholder shall negotiate in no event later than ninety good faith to resolve the dispute. If Bridgeline and Shareholder are unable to reach a resolution within twenty (9020) business days following after receipt by Bridgeline of Shareholder’s written notice of dispute, then Bridgeline and Shareholder shall submit the end matter to the Independent Accounting Firm, which shall, within thirty (30) calendar days after such submission, determine the calculation of Annual Net Revenue, and whether the Bridgeline Stock Certificate should be delivered to Shareholder. The determination of the fiscal year in respect calculation of which it is payable (each such payment date, a “Bonus Payment Date”). It is understood the Annual Net Revenue and agreed that whether the Employee Bridgeline Stock Certificate should be delivered to Shareholder by the Independent Accounting Firm shall be eligible for such a Guaranteed Bonus only if final, non-appealable and binding on the Employee has been continuously employed by the Company from the Amendment Effective Date through end of the applicable fiscal year, and the Employee has not, as of such Bonus Payment Date, issued notice of his resignation, regardless of the reason for such resignation or been terminated by the Company for Cause (as defined below)parties. (ii) AdditionallyIn the event that the Independent Accounting Firm determines that the Annual Net Revenue Target has not been achieved, then Shareholder shall pay all costs and expenses charged by the Employee Independent Accounting Firm. In the event that the Independent Accounting Firm determines that the Annual Net Revenue Target has been achieved, then Bridgeline shall be eligible instruct the Escrow Agent to participate in any bonus pool established for, or broad-based equity grant made to, employees or management of deliver the Company, in each case at levels set in the sole discretion of the Company and upon the approval of the Compensation Committee of the Company’s Board of Directors. The Employee shall have a target bonus of ONE HUNDRED TWELVE THOUSAND FIVE HUNDRED DOLLARS ($112,500). Any bonus that is awarded under this provision (a “Discretionary Bonus”) shall be paid Additional Bridgeline Stock Certificate to the Employee on the Bonus Payment Date following the end of the relevant fiscal year. It is understood Shareholder and agreed that the Employee Bridgeline shall be eligible for a Discretionary Bonus only if the Employee has been continuously employed pay all costs and expenses charged by the Company from the Amendment Effective Date through end of the applicable fiscal year, and the Employee has not, as of such Bonus Payment Date, issued notice of his resignation, regardless of the reason for such resignation or been terminated by the Company for CauseIndependent Accounting Firm.

Bonus Equity. (i) During the Term, the Employee shall also be entitled to an annual bonus in the gross amount of ONE HUNDRED TWELVE FORTY THOUSAND FIVE HUNDRED DOLLARS ($112,500140,000), less applicable taxes and customary withholdings, in respect of any year commencing with 2018 2021 through the Initial Expiration Date (“Guaranteed Bonus”). Payment of the Guaranteed Bonus shall be made to the Employee in accordance with Company policy, but in no event later than ninety (90) days following the end of the fiscal year in respect of which it is payable (each such payment date, a “Bonus Payment Date”). It is understood and agreed that the Employee shall be eligible for such a Guaranteed Bonus only if the Employee has been continuously employed by the Company from the Amendment Effective Date through end of the applicable fiscal year, and the Employee has not, as of such Bonus Payment Date, issued notice of his resignation, regardless of the reason for such resignation or been terminated by the Company for Cause (as defined below). (ii) Additionally, the Employee shall be eligible to participate in any bonus pool established for, or broad-based equity grant made to, employees or management of the Company, in each case at levels set in the sole discretion of the Company and upon the approval of the Compensation Committee of the Company’s Board of Directors. The Employee shall have a target bonus of ONE HUNDRED TWELVE THIRTY THOUSAND FIVE HUNDRED DOLLARS ($112,500130,000). Any bonus that is awarded under this provision (a “Discretionary Bonus”) shall be paid to the Employee on the Bonus Payment Date following the end of the relevant fiscal year. It is understood and agreed that the Employee shall be eligible for a Discretionary Bonus only if the Employee has been continuously employed by the Company from the Amendment Effective Date through end of the applicable fiscal year, and the Employee has not, as of such Bonus Payment Date, issued notice of his resignation, regardless of the reason for such resignation or been terminated by the Company for Cause.

Bonus Equity. (i) During the Term, the Employee shall also be entitled to an annual bonus in the gross amount of ONE HUNDRED TWELVE FIFTY THOUSAND FIVE HUNDRED DOLLARS ($112,500150,000), less applicable taxes and customary withholdings, in respect of any year commencing with 2018 2024 through the Initial Expiration Date (“Guaranteed Bonus”). Payment of the Guaranteed Bonus shall be made to the Employee in accordance with Company policy, but in no event later than ninety (90) days following the end of the fiscal year in respect of which it is payable (each such payment date, a “Bonus Payment Date”). It is understood and agreed that the Employee shall be eligible for such a Guaranteed Bonus only if the Employee has been continuously employed by the Company from the Amendment Effective Date through end of the applicable fiscal year, and the Employee has not, as of such Bonus Payment Date, issued notice of his resignation, regardless of the reason for such resignation resignation, or been terminated by the Company for Cause (as defined below). (ii) Additionally, the Employee shall be eligible to participate in any bonus pool established for, or broad-based equity grant made to, employees or management of the Company, in each case at levels set in the sole discretion of the Company and upon the approval of the Compensation Committee of the Company’s Board of Directors. The Employee shall have a target bonus of ONE HUNDRED TWELVE FIFTY THOUSAND FIVE HUNDRED DOLLARS ($112,500150,000). Any bonus that is awarded under this provision (a “Discretionary Bonus”) shall be paid to the Employee on the Bonus Payment Date following the end of the relevant fiscal year. It is understood and agreed that the Employee shall be eligible for a Discretionary Bonus only if the Employee has been continuously employed by the Company from the Amendment Effective Date through end of the applicable fiscal year, and the Employee has not, as of such Bonus Payment Date, issued notice of his resignation, regardless of the reason for such resignation or been terminated by the Company for Cause.