Incentive Equity Bonus Clause Samples

Incentive Equity Bonus. Contemporaneous with the execution of this Agreement, Toulan shall receive options for a total of 300,000 shares of the Company's common stock. These options shall have an exercise of $0.40 per share. These options shall vest, as follows: 100,000 shares shall on January 1, 2003; 100,000 shares shall vest on December 31, 2003 and

Incentive Equity Bonus. Contemporaneous with the execution of this Agreement, Kee shall receive options for a total of 300,000 shares of the Company's common stock. These options shall have an exercise of $0.10 per share for the first tranche and market price at vesting for the next two tranches. These options shall vest, as follows: 100,000 shares shall vest on July 1, 2003; 100,000 shares shall vest on December 31, 2003 and 100,000 shares shall vest on December 31,

Incentive Equity Bonus. Contemporaneous with the execution of this Agreement, E▇▇▇▇▇▇ shall receive options for a total of 400,000 shares of the Company's common stock. These options shall have an exercise price of $0.40 per share. These options shall vest, as follows: 200,000 shares shall immediately vest upon the execution of this agreement; 100,000 shares shall vest on December 31, 2002; and 100,000 shares shall vest on December 31, 2003 and shall be exercisable for a period of five years, all as set forth in an option agreement to be executed between the Company and E▇▇▇▇▇▇.

Incentive Equity Bonus. As an additional incentive bonus, the Executive shall be granted a total of seventy five thousand (75,000) options to purchase the Company’s common stock under the Company’s 2018 Stock Incentive Plan (the “Stock Options”) if Executive meets certain performance-based criterion which is described in Exhibit A, attached hereto and incorporated herein.