Payment of the Bonus Amount. The Bonus Amount shall be payable in cash. Notwithstanding the foregoing, if the Designated Event is a Public Offering, the Company may, in its sole discretion, issue Stock or other securities that are exercisable for or convertible into Stock in lieu of cash payment of the Bonus Amount. The number of securities issued in payment of the Bonus Amount would be based on the price per share of the securities sold in the Public Offering.
Appears in 7 contracts
Samples: Stock Option Agreement (TAL International Group, Inc.), Stock Option Agreement (TAL International Group, Inc.), Stock Option Agreement (TAL International Group, Inc.)
Payment of the Bonus Amount. The Bonus Amount shall be payable in cash. Notwithstanding the foregoing, if the Designated Event is a Public Offering, the Company may, in its sole discretion, issue Common Stock or other securities that are exercisable for or convertible into Common Stock in lieu of cash payment of the Bonus Amount. The number of securities issued in payment of the Bonus Amount would be based on the price per share of the securities sold in the Public Offering.
Appears in 1 contract
Samples: Employment Agreement (TAL International Group, Inc.)
