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. 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. Each Financing Bonus shall be due and payable on the pay period immediately succeeding the date the commitment for the applicable financing is consummated.
Financing Bonus. Executive shall be eligible to receive a special bonus in the target total amount of $200,000 (the “Financing Bonus”), conditioned upon Executive’s continued employment under this Agreement until and through the successful closing of a Series B financing resulting in more than $35,000,000 in proceeds to the Company, provided that such closing occurs on or before March 31, 2020. Whether such successful closing has occurred will be determined in the Company’s reasonable discretion. If such closing occurs, the Company will pay the Financing Bonus to Executive within fifteen (15) business days of such closing. For the avoidance of doubt, if such closing occurs after March 31, 2020, Executive will not be eligible for and will not receive the Financing Bonus, unless the Board in its sole discretion determines otherwise.
Financing Bonus. Financing terms of the following must be acceptable to the Board and closed by dates below:
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. In the event Myriad secures Debt Financing during the Term, Executive will be entitled to receive a Financing Bonus equal to two percent (2%) of the total amount of proceeds received from such Debt Financing. In addition, in the event that Myriad secures Equity Financing during the Term, Executive will be entitled to receive a Financing Bonus equal to three percent (3%) of the total amount of proceeds received from such Equity Financing. In this context, “secure” shall mean the closing and receipt of funds by Myriad from the applicable Debt or Equity Financing. Any bonus due hereunder shall be paid from the proceeds of said Debt or Equity Financing to Myriad at or about the time the proceeds of said financing are paid to Myriad.
