IPO Bonus. In recognition of Director’s efforts in helping the Company achieve public listing, Company shall grant Director an additional $25,000 worth of RSU’s. The IPO Bonus RSU’s will be granted as fully vested RSU’s via a Notice of Grant subject to Section 3 (c) below.
IPO Bonus. If an IPO is completed, the Company shall pay Executive a special, one-time bonus of $50,000, payable on or before the tenth (10th) business day following the closing of the IPO. Any bonus earned or paid pursuant to this Section 3.3 shall not be deemed a "Bonus Payment" for purposes of this Agreement.
IPO Bonus. Intentionally Left Blank.
IPO Bonus. Executive shall be entitled to a special bonus upon the completion of an IPO (“IPO Bonus”). The IPO Bonus shall be equal to $90,000. The IPO Bonus, if any, will not be deemed “earned” until the date that that the IPO is completed. Accordingly, Executive must be employed by the Company on the date that the IPO is completed in order to be eligible for any such payment. Payment of the IPO Bonus will be made on the first regularly scheduled payroll date that follows the completion of the IPO.
IPO Bonus. Upon successful completion of the Company’s initial public offering of common stock, the Company shall pay to the Executive a cash bonus of $40,000.00 (Forty Thousand Dollars) at the end of the month in which the Company receives notice from the Securities and Exchange Commission that the Company’s registration statement on Form S-1 was declared effective. The IPO Bonus shall be subject to such deductions and withholdings as are required by law and otherwise elected by the Executive.
IPO Bonus. The Company shall pay the Executive a lump sum cash bonus equal to fifty thousand U.S. dollars (U.S. $50,000), less applicable payroll deductions and tax withholdings, within five (5) business days of the closing date of the IPO, provided that the Executive is still employed by any of the Companies on the closing date of the IPO.
IPO Bonus. Executive shall be entitled to a special bonus upon the IPO (the “IPO Bonus”). The IPO Bonus will be in the form of an equity award in or related to a number of shares of the Company’s Class B common stock with an aggregate value of $6.0 million (based on the IPO price). The Executive’s IPO Bonus will be granted within 90 days after the IPO, will vest in three equal annual installments over a three-year period commencing on the IPO and will be subject to such other terms and restrictions as specified in the Executive’s individual grant agreement. Executive must be continuously employed by the Company through the completion of the IPO in order to qualify for the IPO Bonus. Executive must be employed by the Company or an Affiliate on the vesting date applicable to any equity award corresponding to the IPO Bonus in order to be eligible to vest in any portion of the IPO Bonus.
IPO Bonus. Executive shall be entitled to a special bonus upon the IPO, payable in the form of a restricted stock award covering a number of shares of the Company’s Class A common stock with an aggregate value of $500,000 (based on the IPO price) (“IPO Bonus RSA”). The IPO Bonus RSA will be granted within 90 days after the IPO, will vest in three equal annual installments over a three-year period on each anniversary of the Agreement Effective Date, subject to Executive’s continued service with the Company or an Affiliate as of each such date, and shall be granted under and pursuant to the terms and conditions of the Company’s 2021 Equity Incentive Plan and standard form of restricted stock award agreement. Executive must be continuously employed by the Company or an Affiliate through the completion of the IPO in order to qualify for the IPO Bonus RSA.
IPO Bonus. The Executive shall be paid a $15 million bonus in cash as soon as practicable following the closing of the Company’s Initial Public Offering, but in no event more than 15 days following such closing.
IPO Bonus. At such time as the Company closes an IPO, the Company --------- shall pay the Executive an amount equal to the product of (i) $35,000 times (ii) the number of days that elapse following December 31, 1998 divided by 365. Such amount shall not accrue and the Executive shall only be entitled to this amount as a bonus if the Company closes an IPO.
