Common use of Stock Performance Bonus Clause in Contracts

Stock Performance Bonus. The company will pay a Stock Performance Bonus (the “Stock Performance Bonus”), which shall be paid in unrestricted shares of Common Stock of the Company or in Cash, at the Executive’s sole discretion, in accordance with the following: If the Company’s stock price maintains a 6-month average during any period in the Term of $1.50 or higher, then the Stock Performance Bonus shall be $100,000.

Appears in 4 contracts

Samples: Employment Agreement (OxySure Systems Inc), Employment Agreement (OxySure Systems Inc), Employment Agreement (OxySure Systems Inc)

AutoNDA by SimpleDocs

Stock Performance Bonus. The company will pay a Stock Performance Bonus (the "Stock Performance Bonus"), which shall be paid in unrestricted shares of Common Stock of the Company or in Cash, at the Executive’s 's sole discretion, in accordance with the following: If the Company’s 's stock price maintains a 6-month average during any period in the Term of $1.50 or higher, then the Stock Performance Bonus shall be $100,000.

Appears in 2 contracts

Samples: Employment Agreement (OxySure Systems Inc), Employment Agreement (OxySure Systems Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.