Employee Bonus Pool Sample Clauses
Employee Bonus Pool. At the Closing, $800,000 of the Consideration shall not be paid to Xxxx Xxxxxx but shall instead be placed in a separate Flotek bank account (or with respect to non-cash Consideration, in such form as Xxxxxx shall direct), the disbursement of which shall be governed by a Bonus Pool Agreement substantially identical in form to Exhibit 1.4. Flotek and Xxxx Xxxxxx shall enter into such Bonus Pool Agreement at the Closing, and shall mutually agree regarding the form of the Consideration subject to the Bonus Pool Agreement.
Employee Bonus Pool. 40 ARTICLE VII. CONDITIONS TO EACH PARTY'S OBLIGATION TO CLOSE . . . . . . . . . . . . . 40 7.01
Employee Bonus Pool. On the date that is six months after the Closing Date (the "Employee Bonus Date"), or in any event, not later than thirty ------------------- (30) days thereafter, ZEFER shall cause the Company to pay to each employee listed on Schedule 6.9 attached hereto a bonus in the amount listed on such schedule, provided that such employee was employed by the Company (or another division or subsidiary of ZEFER) on the Employee Bonus Date, and provided further that in the event such employee is not so employed on the Employee Bonus Date, the Company shall, if so directed by the Equityholders, pay such bonus to such employee. The aggregate amount of bonuses paid pursuant to this Section 6.9 shall not exceed $1.0 million.
Employee Bonus Pool. 40 Section 9.03
Employee Bonus Pool. At the Second Closing, Purchaser shall -------------------- make available a pool of 700,000 shares of Purchaser Stock in a non-statutory stock option plan for the benefit of certain employees of the Cotton Group Entities designated by the Sellers, with an exercise price not to exceed an amount per share equal to (a) the Market Price of the Purchaser Stock on the Closing Date, less the lesser of (i) $2.50 or (ii) 30% of the Market Price. ----
Employee Bonus Pool. Subject to and following the consummation of the Merger, Acquirer shall set aside an aggregate of $1.5 million (the “Employee Bonus Pool”) to establish an employee bonus program to be offered to certain employees of the Company who become employees of Acquirer following the Closing. Acquirer will determine, in consultation with the Company, the structure of such employee bonus program and the allocation of the Employee Bonus Pool. All bonus payments made pursuant to this Section 6.15 shall be subject to the collection of all applicable federal and state income and employment withholding taxes.
Employee Bonus Pool. Upon the Closing, the Company shall, and Purchaser shall cause the Company to, allocate and set aside the amount of $500,000 (the “Employee Bonus Pool Amount”) for the payment of bonuses to employees of the Company at such times and in accordance with such terms as shall be established by Seller and the Key Employees in writing following the Closing (the “Employee Bonus Pool Payments”).
Employee Bonus Pool. At the Closing, Parent shall distribute the Employee Bonus Pool to the Employees identified on Schedule 5.21 hereto (less applicable withholding Taxes) in accordance with the allocation set forth thereon.
Employee Bonus Pool. A pool of shares of the Purchaser’s common stock, the amount to be agreed upon by both the Purchaser and Seller but not to exceed 500,000 shares or more than .5% (one half of one percent) of the Purchasers stock, whichever is lesser, shall be made available for distribution to employees of the Corporation at the first anniversary of the Closing in an incentive stock option plan for the benefit of certain employees of the Companies designated by the Sellers, with an exercise price not to exceed one hundred and ten percent market price on date of issuance. The pool of shares will be determined to be available based on the Corporations ability to earn a minimum of $300,000 before interest, taxes, depreciation and amortization.
Employee Bonus Pool. Acquiror shall make payments to the employees of the Company in the amounts set forth next to their names in SCHEDULE 6.18 ("Employee Bonus") within a reasonable time following the Closing, but no later than sixty (60) days following the Closing. The aggregate amount of all Employee Bonuses paid shall not exceed $225,000. These Employee Bonuses shall be accrued by the Company at the date of Closing.