Common use of Transaction Success Bonus Clause in Contracts

Transaction Success Bonus. If the Executive remains continually employed by the Company from the Effective Date through the consummation of a Change in Control (the “Transaction Success Date”), then the Company shall pay a lump sum cash payment to the Executive not later than the 30th day following the Transaction Success Date, a one-time bonus (the “Transaction Success Bonus”), in the amount of $60,000, or if the consideration received by the Company equals or exceeds the first level of target consideration, but not the second level as disclosed to the Executive, the amount of the Transaction Success Bonus shall be $175,000; or if the consideration received by the Company equals or exceeds the second level of target consideration amount as disclosed to the Executive, the amount of the Transaction Success Bonus shall be $275,000. Notwithstanding the foregoing, if the Executive’s continuous employment with the Company is terminated prior to the Transaction Success Date (a) by the Company without Cause (as defined below) or (b) by the Executive for Good Reason (as defined below), the Company shall pay the Transaction Success Bonus to the Executive upon consummation of a Change in Control at the time and in the amount the Executive would otherwise receive if the Executive had remained continuously employed by the Company on that date.

Transaction Success Bonus. If the Executive remains continually employed by the Company from the Effective Date through the consummation of a Change in Control (the “Transaction Success Date”), then the Company shall pay a lump sum cash payment to the Executive not later than the 30th day following the Transaction Success Date, a one-time bonus (the “Transaction Success Bonus”), in the amount of $60,000, or if the consideration received by the Company equals or exceeds the first level of target consideration, but not the second level as disclosed to the Executive, the amount of the Transaction Success Bonus shall be $175,000; or if the consideration received by the Company equals or exceeds the second level of target consideration amount as disclosed to the Executive, the amount of the Transaction Success Bonus shall be $275,000. Notwithstanding the foregoing, if the Executive’s continuous employment with the Company is terminated prior to the Transaction Success Date (a) by the Company without Cause (as defined below) or (b) by the Executive for Good Reason (as defined below), the Company shall pay the Transaction Success Bonus to the Executive upon consummation of a Change in Control at the time and in the amount the Executive would otherwise receive if the Executive had remained continuously employed by the Company on that date.

Transaction Success Bonus. If the Executive remains continually employed by the Company from the Effective Date through the consummation of a Change in Control (the “Transaction Success Date”), then the Company shall pay a lump sum cash payment to the Executive not later than the 30th day following the Transaction Success Date, a one-time bonus (the “Transaction Success Bonus”), in the amount of $60,000100,000, or if the consideration received by the Company equals or exceeds the first level of target consideration, consideration but not the second level as disclosed to the Executive, the amount of the Transaction Success Bonus shall be $175,000300,000; or if the consideration received by the Company equals or exceeds the second level of target consideration amount as disclosed to the Executive, the amount of the Transaction Success Bonus shall be $275,000500,000. Notwithstanding the foregoing, if the Executive’s continuous employment with the Company is terminated prior to the Transaction Success Date (a) by the Company without Cause (as defined below) or (b) by the Executive for Good Reason (as defined below), the Company shall pay the Transaction Success Bonus to the Executive upon consummation of a Change in Control at the time and in the amount the Executive would otherwise receive if the Executive had remained continuously employed by the Company on that date.

Transaction Success Bonus. If the Executive remains continually employed by the Company from the Effective Date through the consummation of a Change in Control (the “Transaction Success Date”), then the Company shall pay a lump sum cash payment to the Executive not later than the 30th day following the Transaction Success Date, a one-time bonus (the “Transaction Success Bonus”), in the amount of $60,000, or if the consideration received by the Company equals or exceeds the first level of target considerationconsideration (tbd), but not the second level (tbd) as disclosed to the Executive, the amount of the Transaction Success Bonus shall be $175,000; , or if the consideration received by the Company equals or exceeds the second level level(tbd) of target consideration amount as disclosed to the Executive, the amount of the Transaction Success Bonus shall be $275,000. Notwithstanding the foregoing, if the Executive’s continuous employment with the Company is terminated prior to the Transaction Success Date (a) by the Company without Cause (as defined below) or (b) by the Executive for Good Reason (as defined below), the Company shall pay the Transaction Success Bonus to the Executive upon consummation of a Change in Control at the time and in the amount the Executive would otherwise receive if the Executive had remained continuously employed by the Company on that date.