Common use of IPO Bonus Clause in Contracts

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. 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 50,000.00 (Twenty-five 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. 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 40,000.00 (Twenty-five Forty 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.