Examples of Bonus Recipient in a sentence
Further, as a condition to receiving the Stay Bonus, Recipient must be in continued compliance with the terms of this Agreement, including, without limitation, Section 5 and Section 6 hereof.
Schedule 2.28 (the “Sale Bonus Schedule”) sets forth: (a) each employee of the Company Entities or other individual entitled to receive a Sale Bonus (collectively, the “Sale Bonus Recipients”), (b) the accurate amount of Sale Bonus payable to each such Sale Bonus Recipient, and (c) the aggregate amount of Sale Bonuses payable to all Sale Bonus Employees, collectively.
The number of shares of Parent Common Stock covered by the bonuses will be subject to adjustment, equal to the Pro Rata Portion of each Bonus Recipient, in conjunction with any issuance of any additional shares of Parent Common Stock pursuant to Section 1.13 above (mutatis mutandis), in connection with an IPO of the Parent.
For greater clarity, the Sellers’ Representative shall amend the Allocation Schedule on the Closing Date to include the amount of each Change of Control Bonus to be paid to each Bonus Recipient.
On the Closing Date, the Sellers’ Representative shall amend the Allocation Schedule to include the amount of each Change of Control Bonus to be paid to each Bonus Recipient pursuant to Section 6.16.