Common use of Success Bonus Clause in Contracts

Success Bonus. Contingent upon and effective as of the date the Compensation Committee certifies the successful completion of the Merger, Executive will receive the following: (1) a lump-sum payment equal to Executive’s Base Salary (the “Success Cash Bonus”); and (2) a one-time grant of 25,000 restricted stock units (the “Success Equity Bonus”) pursuant to the Company’s 2014 Long-Term Incentive Plan and/or such other applicable equity incentive plan(s) then in effect (as collectively applicable, the “Plan”), which shall vest in three equal annual installments on the first three anniversaries of the Effective Date; provided that Executive has remained continuously employed by the Company between the date of grant and each such anniversary date, as applicable.

Success Bonus. Contingent upon and effective as of the date the Compensation Committee certifies the successful completion of the Merger, Executive will receive the following: (1) a lump-sum payment equal to three times Executive’s Base Salary (the “Success Cash Bonus”); and (2) a one-time grant of 25,000 500,000 restricted stock units (the “Success Equity Bonus”) pursuant to the Company’s 2014 Long-Term Incentive Plan and/or such other applicable equity incentive plan(s) then in effect (as collectively applicable, the “Plan”), which shall vest in three equal annual installments on the first three anniversaries of the Effective Date; provided that Executive has remained continuously employed by the Company between the date of grant and each such anniversary date, as applicable.