Common use of Option Bonus Clause in Contracts

Option Bonus. In the event the Executive is entitled to benefits pursuant to Section 4 (a)(i), then, in addition to the benefits provided above, the Company shall also pay the Executive a cash bonus in an amount equal to the aggregate option exercise price attributable to the Executive's then outstanding Company stock options. Such bonus shall be paid in a lump sum within ten (10) business days after the Termination Date.

Appears in 5 contracts

Samples: Employment Agreement (Fremont General Corp), Employment Agreement (Fremont General Corp), Employment Agreement (Fremont General Corp)

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