IPO Bonus Sample Clauses

IPO Bonus. If an IPO is completed, the Company shall pay Executive a special, one-time bonus of $50,000, payable on or before the tenth (10th) business day following the closing of the IPO. Any bonus earned or paid pursuant to this Section 3.3 shall not be deemed a "Bonus Payment" for purposes of this Agreement.

IPO Bonus. You will be eligible to earn and receive a bonus with a value of $350,000 in connection with the consummation of the IPO (the “IPO Bonus”). Within ninety (90) days following the Effective Date, the Company will award your IPO Bonus, subject to your continuous service with the Company, whether as an employee, director, or consultant, through such date. The IPO Bonus shall be payable 50% in cash and 50% in Company common stock, with the number of shares determined based on the IPO price per share. The Company shall have the right to withhold from any amount payable hereunder any Federal, state, and local taxes in order for the Company to satisfy any withholding tax obligation it may have under any applicable law or regulation. Upon receipt of your IPO Bonus, you hereby acknowledge and agree that the Company has fully paid you for any and all past services performed by you prior to the Effective Date, and you agree that there is no outstanding unpaid salary, wages, bonuses or incentive compensation, back pay, deferred compensation, or any other forms of remuneration owed to you from the Company.

IPO Bonus. If a registration statement filed by the Company with the U.S. Securities and Exchange Commission (the “SEC”) in respect of an initial public offering of any class of the Company’s common stock becomes effective during the Term, the Executive shall receive a bonus in an amount equal to ten percent (10%) of the Executive’s then current rate of Annual Salary, payable in a lump sum on the tenth (10th) business day thereafter.

IPO Bonus. The Company shall pay the Executive a lump sum cash bonus equal to thirty thousand U.S. dollars (U.S. $30,000), less applicable payroll deductions and tax withholdings, within five (5) business days of the closing date of the IPO, provided that the Executive is still employed by any of the Companies on the closing date of the IPO.

IPO Bonus. Upon successful completion of the Company’s initial public offering of common stock, the Company shall pay to the Executive a cash bonus of $50,000.00 (Fifty Thousand Dollars) at the end of the month in which the Company receives notice from the Securities and Exchange Commission that the Company’s registration statement on Form S-1 was declared effective. The IPO Bonus shall be subject to such deductions and withholdings as are required by law and otherwise elected by the Executive.

IPO Bonus. Executive shall be entitled to a special bonus upon the completion of an IPO (“IPO Bonus”). The IPO Bonus shall be equal to $90,000. The IPO Bonus, if any, will not be deemed “earned” until the date that that the IPO is completed. Accordingly, Executive must be employed by the Company on the date that the IPO is completed in order to be eligible for any such payment. Payment of the IPO Bonus will be made on the first regularly scheduled payroll date that follows the completion of the IPO.

IPO Bonus. Executive shall be eligible to receive a one-time special bonus in the amount of $400,000 in connection with the Company obtaining Qualified Public Company Status, payable within forty-five (45) days of the effective date of same. At the option of the Company, up to 50% of such bonus shall be payable in restricted MIH common stock under the Company’s 2022 Equity Incentive Plan and shall be subject to terms and conditions applicable to restricted stock awards granted thereunder and as described in the restricted stock agreement to be issued to Executive. The restricted stock shall vest 180 days following the Company obtaining Qualified Public Company Status. For the purposes of this Agreement, “Qualified Public Company Status” shall mean the common stock of MIH is registered on one or more national securities exchanges in the U.S.

IPO Bonus. Executive shall be entitled to a special bonus upon the IPO (the “IPO Bonus”). The IPO Bonus will be in the form of an equity award in or related to a number of shares of the Company’s Class B common stock with an aggregate value of $6.0 million (based on the IPO price). The Executive’s IPO Bonus will be granted within 90 days after the IPO, will vest in three equal annual installments over a three-year period commencing on the IPO and will be subject to such other terms and restrictions as specified in the Executive’s individual grant agreement. Executive must be continuously employed by the Company through the completion of the IPO in order to qualify for the IPO Bonus. Executive must be employed by the Company or an Affiliate on the vesting date applicable to any equity award corresponding to the IPO Bonus in order to be eligible to vest in any portion of the IPO Bonus.

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