Dividend Bonus. In the event that during your employment with the Company or any of its subsidiaries the Company pays a cash dividend to the Equityholders in respect of their Common Stock, you shall be entitled to receive a bonus (a “Dividend Bonus”) in an aggregate amount equal to one half of one percent (0.5%) of the Net Dividend. For purposes of this Section 2, “Net Dividend” shall mean the aggregate amount of cash received by the Equityholders on account of such dividend solely on account of their ownership of Common Stock.
Appears in 2 contracts
Samples: Letter Agreement (GSE Holding, Inc.), Letter Agreement (GSE Holding, Inc.)
Dividend Bonus. In the event that during your employment with the Company or any of its subsidiaries the Company pays a cash dividend to the Equityholders in respect of their Common Stock, you shall be entitled to receive a bonus (a “Dividend Bonus”) in an aggregate amount equal to one half of one two percent (0.52%) of the Net Dividend. For purposes of this Section 2, “Net Dividend” shall mean the aggregate amount of cash received by the Equityholders on account of such dividend solely on account of their ownership of Common Stock.
Appears in 1 contract
Samples: Letter Agreement (GSE Holding, Inc.)
Dividend Bonus. In the event that during your employment with the Company or any of its subsidiaries the Company pays a cash dividend to the Equityholders Equity_holders in respect of their Common Stock, you shall be entitled to receive a bonus (a “Dividend Bonus”) in an aggregate amount equal to one half three quarters of one percent (0.50.75%) of the Net Dividend. For purposes of this Section 2, “Net Dividend” shall mean the aggregate amount of cash received by the Equityholders Equity_holders on account of such dividend solely on account of their ownership of Common Stock.
Appears in 1 contract
Samples: Letter Agreement (GSE Holding, Inc.)
Dividend Bonus. In the event that during your employment with the Company or any of its subsidiaries the Company pays a cash dividend to the Equityholders in respect of their Common Stock, you shall be entitled to receive a bonus (a “Dividend Bonus”) in an aggregate amount equal to one half quarter of one percent (0.50.25%) of the Net Dividend. For purposes of this Section 2, “Net Dividend” shall mean the aggregate amount of cash received by the Equityholders on account of such dividend solely on account of their ownership of Common Stock.
Appears in 1 contract
Samples: Letter Agreement (GSE Holding, Inc.)
Dividend Bonus. In the event that during your employment with the Company or any of its subsidiaries the Company pays a cash dividend to the Equityholders in respect of their Common Stock, you shall be entitled to receive a bonus (a “Dividend Bonus”) in an aggregate amount equal to one half of one [ ] percent (0.5%) [ ])% of the Net Dividend. For purposes of this Section 2, “Net Dividend” shall mean the aggregate amount of cash received by the Equityholders on account of such dividend solely on account of their ownership of Common Stock.
Appears in 1 contract
Samples: Letter Agreement (GSE Holding, Inc.)