Bonus Option. [x] 1. Not applicable. The Plan’s definition of Compensation excludes bonuses from deferrable Compensation for both Elective Deferrals and Xxxx Elective Deferrals. [ ] 2. Not applicable. Participants are not permitted to make a separate deferral election and the Participant’s deferral amount elected on their Salary Deferral Agreement will also apply to any bonus received by the Participant for any Plan Year.
Bonus Option. Bonuses paid by the Employer are included in the definition of Compensation, and the Employer permits a Participant to amend their deferral election to defer to the Plan, an amount not to exceed % or $ of any bonus received by the Participant.
Bonus Option. In connection with the commencement of your employment, the Company will recommend that the Board of Directors grant you an additional option to purchase 50,000 shares of the Company's Common Stock ("Bonus Shares") at the market price on the date of grant. The Bonus Shares will vest on the five year anniversary of the vesting commencement date (your Start Date), PROVIDED THAT if you and your department meet certain performance milestones (to be mutually agreed on between the CEO and you) during your first twelve months of employment, up to 20% of the Bonus Shares shall vest on the annual anniversary of the vesting commencement date, and PROVIDED FURTHER that if you and your department meet certain performance milestones (to be mutually agreed on between the Chief Executive Officer and you each subsequent 12 month period of employment) during each subsequent twelve month period of employment, up to an additional 20% of the Bonus Shares shall vest on each such subsequent annual anniversary of the vesting commencement date, such that if the performance milestones for each year are fully met, the option to purchase Bonus Shares shall vest at an accelerated rate of 20% per annum on each annual anniversary of the vesting commencement date (full vesting in five years). Vesting will of course, depend on your continued employment with the Company. The option will be an incentive stock option subject to the terms of the Company's 1997 Stock Plan and the Stock Option Agreement between you and the Company and limits under the tax code.
Bonus Option. In the event a third party introduces a large affiliated group of subscribers to Cognigen that requires the specialized product and service management of InTandem, and Cognigen agrees to pay a gross revenue commission to that third party and sponsoring entity at the level of a super agency, the InTandem Principals shall receive as a separate and additional bonus a 15% share of the total commission payable to the super agency and sponsoring entity by Cognigen. Revenue and net earnings derived from such a group of affiliated subscribers shall be excluded from all revenue and net earnings otherwise used to base bonuses, options, repayment of debt discounts and other compensation payable to InTandem or the Principals.
Bonus Option. [_] 1. If cash bonuses paid by the Employer ARE included in the definition of Compensation, the Employer may permit a Participant to amend their deferral election, on a one-time basis, to defer to the Plan, an amount not to exceed __% or ___$ of any bonus received by the Participant for any Plan Year. NOTE: IF THIS OPTION IS NOT ELECTED, AND CASH BONUSES ARE INCLUDED IN THE DEFINITION OF COMPENSATION, THE PARTICIPANT'S NORMAL DEFERRAL ELECTION PERCENTAGE WILL BE AUTOMATICALLY WITHHELD FROM THE BONUS. IF CASH BONUSES ARE EXCLUDED FROM THE DEFINITION OF COMPENSATION, NO WITHHOLDING WILL BE MADE. [_] E. After-Tax Voluntary Contributions: Participants shall be permitted to make After-Tax Voluntary Contributions in any amount from a minimum of ____ % to a maximum of ____ % of their Compensation OR a flat dollar amount from a minimum of $ ____ to a maximum of $____.
Bonus Option þ 1. Not applicable. The Plan’s definition of Compensation excludes bonuses from deferrable Compensation for both Elective Deferrals and Xxxx Elective Deferrals. Cycle D EGTRRA 401(k) AA 4-27-09 11
Bonus Option. As a bonus for the services to be provided by Manager to DCI, DCI hereby grants Manager an additional option (the "Bonus Option") to purchase the increase in the NAV of DCI annually. The Bonus Option shall vest and be exercisable at the end of each 12-month period of the Term. The exercise price of the Bonus Option shall be $1 per share, and the amount of shares subject to the Bonus Option each year shall be 15% of the difference between the NAV of DCI for each 12-month period thereof. For example, if the NAV of DCI on the date hereof is $4 million and the NAV of DCI on the 12 month anniversary of the date hereof is $10 milllion, then the Manager shall have the right to purchase 900,000 (15% times $6 million) shares at $1 per share.
Bonus Option þ 1. Not applicable. The Plan’s definition of Compensation excludes bonuses from deferrable Compensation for both Elective Deferrals and Xxxx Elective Deferrals.
Bonus Option x 1. Not applicable.
