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.
Appears in 2 contracts
Samples: Executive Employment Agreement (Natural Golf Corp), Executive Employment Agreement (Natural Golf Corp)
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 SECTION 3.3 shall not be deemed a "Bonus Payment" for purposes of this Agreement.
Appears in 2 contracts
Samples: Executive Employment Agreement (Natural Golf Corp), Executive Employment Agreement (Natural Golf Corp)
