Payout Option. The Bonus may be paid in cash, common stock of the Company, or a combination thereof, as determined by the Compensation Committee in its sole discretion; provided, however, that the Compensation Committee may offer Employee the option to elect to receive the value of any Bonus in cash, common stock, or a combination thereof, subject to applicable law and such terms, conditions, and limitations as the Compensation Committee may establish from time to time.
Appears in 6 contracts
Samples: Employment Agreement (Approach Resources Inc), Employment Agreement (Approach Resources Inc), Employment Agreement (Approach Resources Inc)
Payout Option. The Bonus may be paid in cash, common stock of the Company, or a combination thereof, as determined by the Compensation Committee Board or its designee in its sole discretion; provided, however, that the Compensation Committee Board or its designee may offer Employee the option to elect to receive the value of any Bonus in cash, common stock, or a combination thereof, subject to applicable law and such terms, conditions, and limitations as the Compensation Committee Board or its designee may establish from time to time.
Appears in 5 contracts
Samples: Employment Agreement (Bonanza Creek Energy, Inc.), Employment Agreement (Bonanza Creek Energy, Inc.), Employment Agreement (Bonanza Creek Energy, Inc.)
Payout Option. The Bonus may be paid in cash, common stock equity of the Company, or a combination thereof, as determined by the Board, the Compensation Committee Committee, or their designee in its sole discretion; provided, however, that the Compensation Committee may offer Employee the option to elect to receive the value of any Bonus in cash, common stockequity, or a combination thereof, subject to applicable law and such terms, conditions, and limitations as the Board, the Compensation Committee Committee, or their designee may establish from time to timetime in its sole discretion.
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