Financing Bonus. The company will pay a Financing Bonus (the “Financing Bonus”) if the company closes any financing during the 2009 Fiscal Year (January 1, 2009 through December 31, 2009) as follows: Two and one half percent (2.5%) of any financing amounts closed by the Company during the 2009 Fiscal Year, payable at the closing of such financing(s) from time to time.
Financing Bonus. Upon the consummation by the Company of a financing or series of related financings following the Effective Date in which the Company receives aggregate gross proceeds of $9 million ($9,000,000) (a “Qualified Financing”), the Executive shall be entitled to receive a one-time cash bonus of $54,690.
Financing Bonus. If, on or prior to September 30, 2005, the Company completes a transaction that results in the Company receiving gross proceeds (before expenses) of at least $10,000,000, other than in connection with any of the strategic objectives described above, and you have remained continuously employed by the Company from the date of this Agreement through the closing date of such financing transaction, then the Company agrees to pay you a bonus in an amount equal to twenty percent (20%) of your Salary, less applicable withholdings and deductions (the “Financing Bonus”). The Financing Bonus will be paid in a lump sum within two business days after the date upon which such financing transaction is consummated.
Financing Bonus. You will receive a payment of $100,000 upon the closing of any replacement financing or full or partial refinancing of Dynegy’s existing first lien credit facility. This payment will be made in cash, subject to all applicable tax withholding, no later than the next available payroll cycle following the closing date for the financing or refinancing transaction.
Financing Bonus. Financing terms of the following must be acceptable to the Board and closed by dates below:
Financing Bonus. Subject to and conditioned upon the Executive remaining in continuous employment with the Company through the date the Qualified Transaction is consummated, Executive will receive a cash financing bonus equal to $588,979 (the “Financing Bonus”), subject to applicable withholding by the Company, to be paid no later than March 15th of the year following the year in which the Qualified Transaction occurs. Executive agrees to use a portion of the Financing Bonus equal to $193,556 (the “Stock Portion”) to purchase Units in the Qualified Transaction at the Per Unit Price pursuant to Section 3(e)(ii) below.
Financing Bonus should the Company be successful in obtaining capitalization through major financing, defined as the Company receiving capitalization of a minimum of one million dollars (US$1,000,000) over a two year period commencing with the date of the Agreement, Employee whereby funds are received from a recognized funding source, institutional or private, and not from the exercise of warrants or other internal fund raising methods, shall receive a one-time cash incentive bonus for having assisted in obtaining the funding to be paid as follows:
(a) first, at a minimum of one million dollars (US$1,000,000) a bonus of two percent (2%) of the total financing;
(b) next, for an additional two million five hundred thousand dollars (US$2,500,000) an additional bonus on the incremental increase of revenue of two and a half percent (2.5%) of the total financing;
(c) next, at five million dollars and above (US$5,000,000) an additional bonus on the incremental increase of three percent (3%) of the total financing.
Financing Bonus. For the calendar year 2025, you will be eligible to earn a bonus in the amount of sixteen percent (16%) of your then-base salary rate, conditioned upon the Company’s successful closing of an equity financing of the Company and/or non-equity dilutive business development transaction(s) approved by the board raising gross proceeds no less than of the greater of (i) $30,000,000 or (ii) an amount totaling the projected cash runway from the date of such financing until six (6) months after the receipt of top line data from the FULCRUM Phase 3 clinical trial, provided that you remain employed in good standing with the Company as of the date of such closing. If earned, this bonus will be paid within thirty (30) days after the closing date of such closing.
Financing Bonus. If, during the term of this Agreement, the Company receives aggregate proceeds equal to or greater than $1.25 million from third party investors (excluding any funds received from directors or officers of the Company), the Company shall immediately pay Festina a cash bonus of $50,000.00 on the date such milestone is achieved.
