Common use of Offering Incentives Clause in Contracts

Offering Incentives. By a grant separate from this document, the Employer shall grant to Executive certain units in Rhino Resource Partners, L.P. upon, and subject to, the closing of the Offering on terms (including, without limitation, vesting) acceptable to the Company in its sole discretion within the Employment Term. The terms of such grant shall be determined by the Company, but shall have a value of $500,000 upon the closing of the Offering, based upon the issuance price of stock or units in such Offering. In addition to the foregoing, in the event an Offering is completed within the Employment Term, the Employer shall pay to the Executive a one-time cash bonus of $100,000. Nothing herein shall require the Company to complete any Offering. The term “Offering” as used herein shall mean any sale of equity or convertible securities to the public, whether units in Rhino Resource Partners, L.P. or Rhino Energy LLC, or stock in another entity which succeeds to the business of or acquires Rhino Energy LLC.

Offering Incentives. By a grant separate from this document, the Employer shall grant to Executive certain units or phantom units in Rhino Resource Partners, L.P. upon, and subject to, the closing of the Offering within the Employment Term on terms (including, without limitation, vesting) acceptable to the Company in its sole discretion within the Employment Termdiscretion. The terms of such grant shall be determined by the Company, but shall have a value of $500,000 150,000 upon the closing of the Offering, based upon the issuance price of stock or units in such Offering. In addition to the foregoing, in the event an Offering is completed within the Employment Term, the Employer shall pay to the Executive a one-time cash bonus of $100,000150,000. Nothing herein shall require the Company to complete any Offering. The term “Offering” as used herein shall mean any sale of equity or convertible securities to the public, whether units in Rhino Resource Partners, L.P. or Rhino Energy LLC, or stock in another entity which succeeds to the business of or acquires Rhino Energy LLC.

Offering Incentives. By a grant separate from this document, the Employer shall grant to Executive certain units or phantom units in Rhino Resource Partners, L.P. upon, and subject to, the closing of the Offering within the Employment Term on terms (including, without limitation, vesting) acceptable to the Company in its sole discretion within the Employment Termdiscretion. The terms of such grant shall be determined by the Company, but shall have a value of $500,000 1,500,000 upon the closing of the Offering, based upon the issuance price of stock or units in such Offering. In addition to the foregoing, in the event an Offering is completed within the Employment Term, the Employer shall pay to the Executive a one-time cash bonus of $100,000250,000. Nothing herein shall require the Company to complete any Offering. The term “Offering” as used herein shall mean any sale of equity or convertible securities to the public, whether units in Rhino Resource Partners, L.P. or Rhino Energy LLC, or stock in another entity which succeeds to the business of or acquires Rhino Energy LLC.