Equity Bonus definition
Equity Bonus means, with respect to each $1,000 principal amount of Securities, the greater of (i) zero and (ii) the product of:
Equity Bonus means a bonus accrued for and paid in accordance with Section 7.
Equity Bonus means a number of shares of Common Stock with an aggregate Market Value equal to 75% of the Principal Amount. “Market Value” means $0.10 per share of Common Stock. The Purchaser shall have no obligation to provide any additional consideration to the Company for the issuance of the Equity Bonus. The Company shall authorize and reserve sufficient shares of the Company’s capital stock to be issued upon the issuance of the Equity Bonus. The shares of Common Stock comprising the Equity Bonus shall be included in any registration of shares of Common Stock under the Securities Act of 1933, as amended (the “Securities Act”), occurring after the date hereof.
Examples of Equity Bonus in a sentence
The Executive and the Company agree that the Executive’s discretionary Cash Bonus and equity-based compensation (including the Equity Bonus) may, but shall not be required to, be based on the Executive’s and the Company’s achievement of performance goals that may be established by the Committee after discussion with the Executive and his supervisors (if any).
The Equity Bonus can only be applied to new direct clients who open live accounts at the Company and have never participated in the promotion of "The 100% First Deposit Bonus".
Until or unless the Company and the Committee establish performance goals, the Executive’s discretionary Cash Bonus and equity-based compensation (including the Equity Bonus) will be wholly discretionary.
The Equity Bonus may be in the form of common stock, stock options or other equity consideration, in such amounts and with such terms as may be determined by the Committee or the Board, with the recommendation of the Committee, from time to time.
During the Term, the Executive shall be eligible to receive equity and equity-based awards (including the Equity Bonus) in the discretion of the Board or the Committee and on such terms and conditions as determined by the Board or the Committee.
More Definitions of Equity Bonus
Equity Bonus. Employee Share Purchase Scheme”, “Shares – Employee Share Purchase Scheme” or “Employee Option Plan”] dated [insert date]. Group means us and our Related Bodies Corporate, and Group Company means any one of them.
Equity Bonus means any stock, option, warrant, or similar right that is granted to or exercised by the Xxxxx Partner, in each case in connection with services rendered by the Xxxxx Partner, and (iii) “Salary” means the regular monthly payments described above plus any severance paid to the Xxxxx Partner during the term hereof, but excluding any Cash Bonus, Equity Bonus, benefits (including medical benefits subsidy paid to Employee), and other compensation. All compensation payable or deliverable to Xxxxx is referred to herein as the “Resource Fee.” In lieu of the Xxxxx Partner participating in the Company-sponsored employee medical/dental insurance benefit, the Xxxxx Partner will remain on his or her current medical/dental plan. The Company will reimburse the Xxxxx Partner for amounts paid by the Xxxxx Partner for such medical/dental insurance for himself and (where applicable) his family of up to $ 324.00 per month upon presentation of reasonable documentation of premiums paid by the Xxxxx Partner. In accordance with the U.S. federal tax law, such amount will not be considered reportable W-2 income, but instead non-taxable benefits expense. As an employee, the Xxxxx Partner will be eligible for any Company employee retirement and/or 401(k) plan and for vacation and holidays consistent with the Company’s policy as it applies to senior management, and the Xxxxx Partner will be exempt from any delay periods otherwise required for eligibility. Payments to Xxxxx should be made by direct deposit through the Company’s payroll, or by an automated clearing house (“ACH”) payment at the same time as payments are made to the Employee. If such payment method is not available and payments are made by check, Xxxxx will issue invoices to the Company, and the Company agrees to pay such invoices no later than ten (10) days after receipt of invoices. The Company will reimburse the Xxxxx Partner directly for out-of-pocket expenses incurred by the Xxxxx Partner in providing services hereunder to the same extent that the Company is responsible for such expenses of senior managers of the Company. The Company will have the opportunity to make the Xxxxx Partner a permanent member of Company management at any time during the term of this agreement by entering into another form of Xxxxx agreement, the terms of which will be negotiated at such time. During the twelve (12)-month period following termination or expiration of this agreement, other than in connection with conversion to a Permanent E...
Equity Bonus means any stock, option, warrant, or similar right (i.e., not yet realized in cash) that is granted, in each case in connection with services rendered by the Employee and "Salary" means all compensation paid to Employee, except bonuses and benefits (including medical benefits subsidy paid to Employee). All compensation payable or deliverable to Tatum is referred to herein as the "Resource Fee." Payment of the Sxxxxxg Fee will be made concurrently with the signing of this Resources Agreement. All other payments to Tatum should be made by direct deposit through the Company's payrolx, xx by an automated clearing house ("ACH") payment at the same time as payments are made to the Employee.
Equity Bonus means and include the terms
Equity Bonus means a number of shares of Common Stock with an aggregate Market Value of not less than $225,000 calculated at $0.15 per share or less. “Market Value” means either (i) the average of the three (3) lowest closing prices of the Common Stock published by Bloomberg L.P. for the forty-five (45) trading days preceding the Closing (the “Average Trading Price”) or (ii) $0.15 (fifteen cents), whichever is lower. The Purchaser shall have no obligation to provide any additional consideration to the Company for the issuance of the Equity Bonus. The Company shall authorize and reserve sufficient shares of the Company’s capital stock to be issued upon the issuance of the Equity Bonus and any Board Meeting Fees. As of the date hereof, the Market Value was $0.15 or less equaling $0. ____ per share1 and the number of shares of Common Stock required to be included in the Equity Bonus is not less 1,500,000 shares of Common Stock (not including any Board Meeting Fees). Shares issuable as Board Meeting Fees may be issued, if necessary and with both parties’ agreement, under a registration statement in Form S-8 under the Securities Act and the regulations promulgated thereunder.
Equity Bonus means an amount equal to [ ]% of the Equity Management Pool.
Equity Bonus means a number of shares of the Company’s common stock with an aggregate Market Value of not less than $150,000. “Market Value” means the average of the three (3) lowest closing prices of the Company’s common stock published by Bloomberg L.P. for the thirty (30) trading days preceding the Closing. The Purchaser shall have no obligation to provide any additional consideration to the Company for the issuance of the Equity Bonus. The Company shall authorize and reserve sufficient shares of the Company’s capital stock to be issued upon the issuance of the Equity Bonus and any Board Meeting Fees. As of the date hereof, the Market Value was $0.073 per share and the number of shares required to be included in the Equity Bonus is 2,054,794.