Renewal Bonus. The Company will issue Five Hundred Thousand (500,000) shares of the Company’s Common Stock upon renewal of this agreement as defined in Section 3.4.
Renewal Bonus. The Company will pay the Executive a special one-time renewal bonus in the amount of $100,000 subject to statutory deductions, of which $50,000 will be payable in cash upon execution of this Agreement and the remainder will be payable in RSUs, based on the value weighted average price on the NYSE MKT for the five trading days ending on October 1, 2015. The RSUs will vest as to 50% on January 28, 2016, 25% on January 28, 2017 and the remaining 25% on January 28, 2018, and upon vesting will entitle the Executive to one common share of the Company for each RSU without the payment of any additional consideration by the Executive. Such shares shall bear such legends and shall be subject to such trading restrictions as may be required by applicable law and stock exchange rules. The Company will withhold and sell such number of shares issuable on the vesting of RSUs as required to satisfy its tax withholding requirements.
Renewal Bonus. Upon renewal of this Certificate (provided such renewal is continuous and the Certificate has not been allowed to lapse in any one (1) given year) the Principal Sum Covered shall be increased by 15% per year up to a maximum of 150% of the Principal Sum Covered. Renewal Bonus shall only be applicable to the following benefits: • Benefit A – Accidental Death • Benefit B – Accidental Permanent Disablement • Benefit C – Double Indemnity
Renewal Bonus. Upon renewal of this Policy (provided such renewal is continuous and the Policy has not been allowed to lapse in any one (1) given year) the Principal Sum Insured shall be increased by 15% per year up to a maximum of 150% of the Principal Sum Insured. Renewal Bonus shall only be applicable to the following benefits: • Benefit A – Accidental Death • Benefit B – Accidental Permanent Disablement • Benefit C – Double Indemnity
Renewal Bonus. The Executive will be entitled to receive a “Stock Renewal Bonus” in the form of 93,300 shares of Restricted Stock on the terms contained in the Restricted Stock Award Agreement attached to Agreement as Exhibit 4.3.
Renewal Bonus. Upon renewal of the Certificate of Insurance (provided such renewal is continuous, Certificate of Insurance has not been allowed to lapse in any one (1) given year and no claim was made in prior year), the Principal Sum Insured shall be increased by fifty percent (50%). In the event of any claim being made during the Period of Coverage, the renewal bonus will be forfeited on the next renewal year. Renewal Bonus shall only be applicable to the following benefits: • Benefit 1 – Accidental Death • Benefit 2 – Accidental Permanent Disablement • Benefit 3 – Death due to Dengue Fever • Benefit 4 – Double Indemnity on Public Conveyance
Renewal Bonus. Upon the execution of this Agreement (i.e., the renewal of the 2019 Agreement) you will be granted 200,000 fully vested Restricted Stock Units (“RSUs”).
