Bonus Securities definition

Bonus Securities means any:

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Bonus Securities as used herein, shall mean and include all options, warrants, common stock or other securities of FPC issued to Hillary in full or partial payment of Hillary's Annual Bonus and, in the case of derivative securities such as options and warrants, all of the common stock underlying such derivative securities. The "piggy-back" registration rights referred to above shall apply to all common stock underlying any derivative securities and shall obligate FPC to register such stock at such time as FPC registers other common stock in connection with a public offering of securities, at FPC's sole cost and expense.

Bonus Securities as used herein, shall mean and include all options, warrants, common stock or other securities of FPC issued to Susa▇ ▇▇ full or partial payment of Susan's Annual Bonus and, in the case of derivative securities such as options and warrants, all of the common stock underlying such derivative securities. The "piggy-back" registration rights referred to above shall apply to all common stock underlying any derivative securities and shall obligate FPC to register such stock at such time as FPC registers other common stock in connection with a public offering of securities, at FPC's sole cost and expense.

Examples of Bonus Securities in a sentence

• An individual who has been granted Bonus Securities may, if otherwise eligible, be granted additional Bonus Securities if the CEO shall so determine.

• The granting of Bonus Securities pursuant to this Bonus Plan will take place at the time specified in any employment agreement or any other written agreement between the Company and the Participant.

• If the outstanding shares of the stock of the Company are increased, decreased or changed into, or exchanged for, a different number or kind of shares or securities of the Company through reorganization, recapitalization, reclassification, stock split, stock dividend, stock consolidation, or merger as a result of which the Company is the surviving corporation, or otherwise, an appropriate and proportionate adjustment will be made in the number and kind of shares as to which Bonus Securities may be granted.

• In the event that Bonus Securities, subject to Milestones, are granted prior to the time that the Milestones have been achieved then, until such time as the Milestones have been achieved, such Bonus Securities shall be subject to escrow restrictions as set forth in Section 7.2.

• The Board will establish the initial targets and parameters for the issuance of such Bonus Securities that may serve as guidelines to the CEO.

• This Bonus Plan will be administered by the Chief Executive Officer (the “CEO”) of the Company who shall make recommendations to the Compensation Committee (the “Committee”) of the Board of Directors of the Company (the “Board”) with regard to awards of Bonus Securities and the related terms and conditions.

• The granting of Bonus Securities may be subject to certain Milestones agreed upon in writing between the Company and the Participant.

• In consideration for Executive’s promises and undertakings set forth in this Release, Braintech agrees to give Executive the Severance Pay and Bonus Securities Accelerations.

• This Release shall not be effective or enforceable, nor will any payment of the Severance Pay and Bonus Securities Accelerations be paid or made available to Executive, until the seven-day revocation period has expired.

• All Subordinated Debentures and Common Stock issued to the Executive as part of an Incentive Bonus under this Section 3.2 shall hereafter be referred to as "Bonus Securities".

More Definitions of Bonus Securities

Bonus Securities means Securities issued under a Bonus Issue.

Bonus Securities means securities issued under a Bonus Issue. "Business Day" has the same meaning as in the Listing Rules.

Bonus Securities means Securities issued under a Bonus Issue; 'Business Day' means a trading day as defined in the Listing Rules; 'Buy-Back Amount' has the meaning given in clause 5.3;