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. 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. If this Agreement becomes effective on the IPO Closing Date under Section 27, then Employee shall be paid a special one-time cash bonus equal to $100,000. If earned, such bonus shall be paid to Employee within thirty (30) days after the IPO Closing Date.

IPO Bonus. Employee will be entitled to a lump sum bonus of $100,000 payable within 45 days following completion of the Company’s initial public offering, provided, however, that such amount must be repaid by Employee to the Company should Employee elect to terminate Employee’s employment with the Company within six months following the Company’s initial public offering.

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 $25,000.00 (Twenty-five 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. The Company shall pay the Executive a lump sum cash bonus equal to ten thousand U.S. dollars (U.S. $10,000), 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. 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. Subject to your continued employment with the Company through the effective date of a registration statement of the Company filed under the Securities Act of 1933, as amended, for the sale of the Company’s common stock (the “IPO”), you will receive a one-time bonus in an amount equal to (i) (x) $1,250,000 minus (y) the total gross amount of the cash compensation you actually receive during the period beginning on the date you commenced employment with NETGEAR and ending on the date of the IPO (the “Pre-IPO Period”) multiplied by (ii) the fraction obtained by dividing the number of days in the Pre-IPO Period by 365 (provided that in no event will such fraction exceed 1), which will be subject to applicable withholdings and paid on the first payroll date after the IPO.

IPO Bonus. Intentionally Left Blank.