Equity Bonus. Consultant shall be eligible for an annual equity performance bonus structured as follows: (a) Target: Six Hundred Thousand US Dollars ($600,000 USD) in additional equity (200% of base equity compensation) (b) Threshold (50% payout): Three Hundred Thousand US Dollars ($300,000 USD) in equity (c) Maximum overperformance (400% payout): One Million Two Hundred Thousand US Dollars ($1,200,000 USD) in equity
Appears in 2 contracts
Sources: Independent Contractor Agreement (Portage Biotech Inc.), Independent Contractor Agreement (Portage Biotech Inc.)
Equity Bonus. Consultant shall be eligible for an annual equity performance bonus structured as follows:
(a) Target: Six Five Hundred Thousand US Dollars ($600,000 500,000 USD) in additional equity (200% of base equity compensation)equity
(b) Threshold (50% payout): Three Two Hundred and Fifty Thousand US Dollars ($300,000 250,000 USD) in equity
(c) Maximum overperformance (400% payout): One Million Two Hundred Thousand US Dollars ($1,200,000 1,000,000 USD) in equity
Appears in 1 contract
Sources: Independent Contractor Agreement (AlphaTON Capital Corp)