Bonus Stock. A. Subject to the provisions of this Plan, the Committee is hereby authorized to award Bonus Stock to Employees.
Bonus Stock. Employer shall compensate Employee for Employee’s participation in securing a cumulative direct investment in the Company based on relationships of Employee of Five Million Dollars ($5,000,000) or more and completion of an acquisition valued in excess of $5,000,000 by the issuance of stock to Employee as a bonus equal to 7,500,000 restricted common shares.
Bonus Stock. The number of shares of Bonus Stock eligible to be issued and vest, if any, shall be determined based on achievement of the following Performance Goals. Fifty percent (50%) of the Bonus Stock will vest based on [METRIC 1] (such Bonus Stock, the “[METRIC 1] Bonus Stock”), and the remaining fifty percent (50%) of the Bonus Stock will vest based on [METRIC 2] (such Bonus Stock, the “[METRIC 2] Bonus Stock”), in each case as set forth in the tables below.
Bonus Stock. In the event that the Buyer achieves gross annual sales of Five Million Dollars (US$5,000,000.00) or more as of any date within three (3) years following the Effective Date (a “Bonus Stock Event”), the Buyer shall deliver to the Seller, within twenty (20) business days of the Bonus Stock Event, an amount of shares of Common Stock equal to Five Hundred Thousand Dollars ($500,000.00), at a price per share equal to the closing bid price of the Common Stock on the Closing Date.
Bonus Stock. LeGrand shall immediately forxxxx xxl of the Bonus Stock, and the full ownership of such Bonus Stock shall thereupon revert to the Corporation.
Bonus Stock. On the Termination Date, the Bonus Stock shall immediately vest. USAi shall pay all required federal, state and local tax withholding related to the vesting of the Bonus Stock. USAi shall, as promptly as practicable after, but in any event within 10 days following, the Termination Date deliver to you an unlegended share certificate (freely tradeable) representing that number of shares of USAi Common Stock as shall be equal to the number of shares of Bonus Stock less such number of shares as have a value equal to the amount withheld by USAi under the second sentence of this paragraph 5. The stock price used to calculate the number of shares to be withheld shall be the closing price of USAi Common Stock on the Termination Date.
Bonus Stock. It is acknowledged that the Company is in the process of authorizing "Series B Convertible Common Stock" which shall have the same rights as all other shares of the Company's Common Stock except that each one (1) share of the Series B Convertible Common Stock shall have the same votes as ten thousand (10,000) shares of all other Company Common Stock and the Series B Convertible Common Stock shall automatically convert to shares of the Company's remaining Common Stock on the basis of one share for one share three (3) years from the date of issuance of such Series B Convertible Common Stock. As part consideration for executing this Agreement, the Company hereby agrees to issue ten thousand (10,000) shares of its $.001 par value Series B Convertible Common Stock to Petexxxx upon the Company obtaining the appropriate corporate approvals for the establishment and issuance of such Series B Convertible Common Stock."
Bonus Stock. The number of shares of Bonus Stock eligible to be issued and vest, if any, shall be determined based on achievement of the Performance Goals set forth in the table below (such Bonus Stock, the “rTSR Bonus Stock”).
Bonus Stock. In the event that during the Warrant Period the Company shall distribute a dividend or stock pursuant to a reclassification of its stock capital to all of the stockholders of the Company (i.e., bonus shares), then this Warrant shall represent the right to acquire, in addition to the number of Warrant Stock indicated in the caption of this Warrant, the amount of such bonus shares and/or to receive the stock dividends, without payment of any additional consideration therefor, to which the Holder would have been entitled had this Warrant been exercised prior to the distribution of the stock dividends or the bonus shares.
Bonus Stock. The right to buy shares of Bonus Stock will be treated as an Incentive Stock Option unless expressly indicated on this Schedule as a Non-Qualified Stock Option. Shares of Bonus Stock generally give rise to ordinary compensation for the recipient upon the earlier of (A) the satisfaction of any conditions to vesting or (B) the filing, within thirty (30) days of grant of the Bonus Stock, with the Internal Revenue Service and the Company of an election under Section 83(b) of the Internal Revenue Code to include the value of the Shares of Bonus Stock granted as of the date of grant without regard to the risk that the vesting conditions may not be satisfied. The Company may require the recipient of the Bonus Stock to make arrangements for the payment of withholding taxes if the recipient is an employee of the Company at the time that the Bonus Stock is included in income. Date of Grant: Earliest Exercise Date: Exercise Price: Number of Shares: Vesting Schedule: Expiration Date:
