Bonus Plan; Equity Awards. Executive shall be eligible to receive an annual bonus in accordance with Company bonus policy to be established by the Board from time to time (the “Annual Bonus”). The Annual Bonus, if any, will be determined by the Board based upon the Company’s annual achievement of financial performance goals and other annual objectives as determined by the Board in good faith for each fiscal year of the Company. For 2009, Executive will be eligible to receive an Annual Bonus of up to forty percent (40%) of his 2009 Annual Base Salary upon 100% achievement of 2009 annual objectives. For subsequent years, the Annual Bonus target as a percentage of then-current Annual Base Salary, may be adjusted, but may not be less than 40% of the Executive’s then-current Annual Base Salary.
Bonus Plan; Equity Awards. Executive shall be eligible to receive an annual bonus in accordance with Company bonus policy to be established by the Board from time to time (the "Annual Bonus"). The Annual Bonus, if any, will be determined by the Board based upon the Company's annual achievement of financial performance goals and other annual objectives as determined by the Board in good faith for each fiscal year of the Company. For 2009, there will be no bonus.
Bonus Plan; Equity Awards. CCO shall receive a one-time grant of shares of common stock in the corporation on or about 1 January 2015 to be issued not later than June 30, 2015 in an amount to be determined by the CEO and Compensation Committee.
Bonus Plan; Equity Awards. Chief Executive Officer shall receive a one-time grant of shares of common stock in the corporation within 30 days of signing this Agreement in an amount of five million (5,000,000) shares. Subsequent stock issuances will be granted in the amount of two-million five hundred thousand (2,500,000) shares on each of the following four anniversaries of employment, should the CEO remains employed at that time. All shares are to be common shares issued with SEC Rule 144 Restriction.
Bonus Plan; Equity Awards. Executive shall be entitled to participate in any bonus plan as may be established by the Board from time to time (the “Bonus”). The Bonus, if any, will be determined by the Chief Executive Officer and or the Board based upon the Company's annual achievement of financial performance goals and other annual objectives as determined by the Chief Executive Officer and or the Board in good faith for each fiscal year of the Company. Subject to the terms of this Agreement, the Company hereby agrees to grant to Executive One Hundred Thousand (100,000) shares of the common stock of the Company on each of December 31, 2010, 2011 and 2012 (each, an “Award Date”) for an aggregate amount of Three Hundred Thousand (300,000) shares of common stock (collectively, the “Shares”). The parties agree that Executive shall receive each such grant of Shares subject to Executive’s Continuous Service on each Award Date, respectively. “Continuous Service” means that the provision of services by the Executive to the Company or a related entity in any capacity of employee, director or consultant, is not interrupted or terminated. Continuous Service shall not be considered interrupted in the case of (i) any approved leave of absence, (ii) transfers among the Company, any related entity, or any successor, in any capacity of employee, director or consultant, or (iii) any change in status as long as the individual remains in the service of the Company or a related entity in any capacity of employee, director or consultant. An approved leave of absence shall include sick leave, military leave, or any other authorized personal leave.
Bonus Plan; Equity Awards. Chief Financial Officer shall receive a one-time grant of shares of common stock in the corporation under Stage 1 within 30 days of signing this Agreement in an amount of one million (1,000,000) shares. Stage 2 shall include an additional stock grant in an amount determined by the Board of Directors. All shares are to be common shares issued with SEC Rule 144 Restriction.
Bonus Plan; Equity Awards. Chief Operating Officer shall receive a one-time grant of shares of common stock in the corporation within 30 days of signing this Agreement in an amount of five million (5,000,000) shares. Subsequent stock issuances will be granted in the amount of two-million five hundred thousand (2,500,000) shares on each of the following four anniversaries of employment, should the COO remains employed at that time. All shares are to be common shares issued with SEC Rule 144 Restriction.
Bonus Plan; Equity Awards. Chief Compliance Officer shall receive a one-time grant of shares of common stock in the corporation within 30 days of signing this Agreement in an amount of five million (5,000,000) shares. Subsequent stock issuances will be granted in the amount of two-million five hundred thousand (2,500,000) shares on each of the following four anniversaries of employment, should the CCO remains employed at that time. All shares are to be common shares issued with SEC rule 144 Restriction.
Bonus Plan; Equity Awards. Collectively, as a group, Principals will receive an annual cash bonus and stock equity award in accordance with CDIX’s bonus policy set forth below (the “Annual Bonus”). The Annual Bonus will be conditioned upon the Company achieving 100% of the annual objectives of financial performance goals as set forth below. Minimum Annual Cash Series J Preferred $4 Stated Value Year EBITDA Annual Bonus Stock Performance Bonus 2021 $2.0M $120,000.00 120,000 shares (=$480K) 2022 $2.4M $150,000.00 135,000 shares 2023 $3.7M $210,000.00 150,000 shares 2024 $5.5M $300,000.00 180,000 shares 2025 $8.0M $420,000.00 210,000 shares
Bonus Plan; Equity Awards. Chief Business Development Officer and interim Chief Executive Officer and interim Chief Financial Officer shall receive a one-time grant of shares of common stock in the corporation within 30 days of signing this Agreement in an amount of one-hundred twenty-five million (125,000,000) shares. A second issuance will be granted in the amount of twenty-five million (25,000,000) shares on the first anniversary of employment, should the CBDO be employed at that time. All shares are to be common shares issued with SEC Rule 144 Restriction.
