Financing Bonus Sample Clauses

Financing Bonus. Upon the consummation by the Company of a financing or series of related financings following the Effective Date in which the Company receives aggregate gross proceeds of $9 million ($9,000,000) (a “Qualified Financing”), the Executive shall be entitled to receive a one-time cash bonus of $54,690.

Financing Bonus the closing date of the Funding by July 1, 2014 based on the following:

Financing Bonus. If, on or prior to September 30, 2005, the Company completes a transaction that results in the Company receiving gross proceeds (before expenses) of at least $10,000,000, other than in connection with any of the strategic objectives described above, and you have remained continuously employed by the Company from the date of this Agreement through the closing date of such financing transaction, then the Company agrees to pay you a bonus in an amount equal to twenty percent (20%) of your Salary, less applicable withholdings and deductions (the “Financing Bonus”). The Financing Bonus will be paid in a lump sum within two business days after the date upon which such financing transaction is consummated.

Financing Bonus should the Company be successful in obtaining capitalization through major financing, defined as the Company receiving capitalization of a minimum of one million dollars (US$1,000,000) over a two year period commencing with the date of the Agreement, Employee whereby funds are received from a recognized funding source, institutional or private, and not from the exercise of warrants or other internal fund raising methods, shall receive a one-time cash incentive bonus for having assisted in obtaining the funding to be paid as follows: (a) first, at a minimum of one million dollars (US$1,000,000) a bonus of two percent (2%) of the total financing; (b) next, for an additional two million five hundred thousand dollars (US$2,500,000) an additional bonus on the incremental increase of revenue of two and a half percent (2.5%) of the total financing; (c) next, at five million dollars and above (US$5,000,000) an additional bonus on the incremental increase of three percent (3%) of the total financing.

Financing Bonus. The Company agrees to pay you 3.8.1 a cash bonus of $50,000, subject to the withholding of all applicable statutory deductions, if the Company obtains its first $3,000,000 in Financing during the Term of Employment, and 3.8.2 an additional cash bonus of $50,000, subject to the withholding of all applicable statutory deductions, if the Company obtains an additional $7,000,000 in Financing during the Term of Employment, in each case converted into Canadian dollars at the exchange rate in effect on the date the bonus payment is made.

Financing Bonus. Executive shall be eligible to receive a special bonus in the target total amount of $200,000 (the “Financing Bonus”), conditioned upon Executive’s continued employment under this Agreement until and through the successful closing of a Series B financing resulting in more than $35,000,000 in proceeds to the Company, provided that such closing occurs on or before March 31, 2020. Whether such successful closing has occurred will be determined in the Company’s reasonable discretion. If such closing occurs, the Company will pay the Financing Bonus to Executive within fifteen (15) business days of such closing. For the avoidance of doubt, if such closing occurs after March 31, 2020, Executive will not be eligible for and will not receive the Financing Bonus, unless the Board in its sole discretion determines otherwise.

Financing Bonus. For the calendar year 2025, you will be eligible to earn a bonus in the amount of sixteen percent (16%) of your then-base salary rate, conditioned upon the Company’s successful closing of an equity financing of the Company and/or non-equity dilutive business development transaction(s) approved by the board raising gross proceeds no less than of the greater of (i) $30,000,000 or (ii) an amount totaling the projected cash runway from the date of such financing until six (6) months after the receipt of top line data from the FULCRUM Phase 3 clinical trial, provided that you remain employed in good standing with the Company as of the date of such closing. If earned, this bonus will be paid within thirty (30) days after the closing date of such closing.

Financing Bonus. Upon the Employer raising at least $9,000,000 in additional financing that meets the Salary Transition Threshold, Executive, whether or not providing services to the Employer at that time, shall earn and be paid a cash bonus equal to the number of months, including pro rata months thereof, that Executive provided services to the Employer beginning on November 29, 2016 through the date the Salary Transition Threshold was met multiplied by $12,500.00 (the “Financing Bonus”), which shall be paid in a lump sum less applicable tax withholding within fifteen (15) days of the achievement of the Salary Transition Threshold.

Financing Bonus. Within 3 business days after the closing of a financing arrangement in which the Employer raises at least $25,000,000 in capital through the issuance of equity or debt obligations, the Employer shall pay to the Employee an interim bonus equal to $250,000 (the “Financing Bonus”). The Financing Bonus shall be in addition to any bonuses paid pursuant to Section 4 of the Amendment. The Financing Bonus shall be paid in lieu of, and in complete satisfaction of, any bonus the Employee may have been eligible to receive under Section 3.1(b) of the Employment Agreement for the calendar year ended December 31, 2011.