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. Within 3 business days after the closing of a financing arrangement in which the Employer raises at least $25,000,000 in capital through the issuance of equity or debt obligations, the Employer shall pay to the Employee an interim bonus equal to $250,000 (the “Financing Bonus”). The Financing Bonus shall be in addition to any bonuses paid pursuant to Section 4 of the Amendment. The Financing Bonus shall be paid in lieu of, and in complete satisfaction of, any bonus the Employee may have been eligible to receive under Section 3.1(b) of the Employment Agreement for the calendar year ended December 31, 2011.
Financing Bonus. Within 10 days of signing this Agreement, the Company shall pay to Executive a bonus of $100,000 in recognition of the successful completion of the Company’s 2007 Financing. Additionally, this bonus recognizes the efforts contributed to this transition period and the additional responsibilities that will be associated with the duties as Chairman of Nephros’ Board of Directors.
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.
Financing Bonus. The Company agrees to pay you
Financing Bonus. Upon the Employer raising at least $9,000,000 in additional financing that meets the Salary Transition Threshold, Executive, whether or not providing services to the Employer at that time, shall earn and be paid a cash bonus equal to the number of months, including pro rata months thereof, that Executive provided services to the Employer beginning on November 29, 2016 through the date the Salary Transition Threshold was met multiplied by $12,500.00 (the “Financing Bonus”), which shall be paid in a lump sum less applicable tax withholding within fifteen (15) days of the achievement of the Salary Transition Threshold.
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:
