PERFORMANCE PERIOD; PAYMENT OF FEE Sample Clauses

PERFORMANCE PERIOD; PAYMENT OF FEE. Ontro shall pay a finder's fee in connection with funds received by Ontro from the sale of Shares at any time from any Purchaser during the period May 22, 2001 through October 30, 2001, (the "Period"). In the event Ontro sells 1,600,000 Shares to Purchasers during the Period Aura shall have the right in its sole discretion to extend the Period through April 30, 2002. A Purchaser includes affiliates and related parties of a Purchaser. Ontro shall pay the finder's fee upon closing of the sale of the Shares. All sales of Shares shall be pursuant to a Stock Purchase Agreement by and between Ontro and the Purchaser substantially in the form set forth in Exhibit B.
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PERFORMANCE PERIOD; PAYMENT OF FEE. Ontro shall pay a finder's fee in connection with funds received by Ontro from the sale of Shares at any time from any Purchaser during the period November 20, 2000 through April 30, 2001, (the "Period"). In the event Ontro sells 1,300,000 Shares to Purchasers during the Period Aura shall have the right in its sole discretion to extend the Period through September 30, 2001. A Purchaser includes affiliates and related parties of a Purchaser. All sales of Shares shall be pursuant to a Stock Purchase Agreement by and between Ontro and the Purchaser substantially in the form set forth in Exhibit B. Ontro shall pay the portion of the finder's fee specified in Section A. 2(a) above upon closing of the sale of the Shares. Ontro shall issue the Warrants only upon the first to occur of (i) the consent of the Ontro shareholders to this agreement as may be required by the rules of The Nasdaq Stock Market, Inc., or (ii) the receipt of an exemption issued by The Nasdaq Stock Market, Inc from the requirement of shareholder consent to this agreement.
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Related to PERFORMANCE PERIOD; PAYMENT OF FEE

  • Annual Performance Bonus In the discretion of the Company's Compensation Committee, the Executive shall be eligible to receive an annual performance bonus payable in cash for each full or partial fiscal year of the Company during the Employment Period in accordance with the Company's performance-based bonus program for Executive Officers.

  • Performance Bonus If Employee's employment is terminated by Employee with cause, or by Bank without cause, Employee shall be paid, in addition to the amounts payable under Sections 3.5 and 3.6 of the Agreement: (i) all non-forfeitable deferred compensation, if any; and (ii) unpaid performance bonus payments, if any, payable under Section 4.2 of the Agreement, which shall be declared earned and payable based upon performance up to, and shall be pro-rated as of, the date of termination. Employee shall not be entitled to such unpaid performance bonus payments if Employee's employment is terminated by Bank with cause, or by Employee without cause.

  • Annual Bonus In addition to Annual Base Salary, Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the “Annual Bonus”) in cash at least equal to Executive’s highest annual bonus for the last three full fiscal years prior to the Effective Date (annualized in the event that Executive was not employed by the Company for the whole of such fiscal year). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless Executive shall elect to defer the receipt of such Annual Bonus.

  • Annual Incentive Payment The Executive shall participate in the Company's Management Incentive Plan (or such alternative, successor, or replacement plan or program in which the Company's principal operating executives, other than the Chief Executive Officer, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 per year; provided, however, that the Executive's actual incentive payment for any year shall be measured by the Company's performance against goals established for that year and that such performance may produce an incentive payment ranging from none to 200% of the targeted amount. The Executive's incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment.

  • Incentive Payment During the period of Executive's employment under this Agreement, the Executive shall be eligible to participate in an incentive compensation program implemented by the Board (the "Annual Incentive Bonus").

  • Annual Bonus Compensation In addition to your Salary, during the Employment Term you shall be eligible to earn an annual bonus for each whole or partial calendar year during the Employment Term, determined and payable as follows (the “Bonus”):

  • Performance Bonuses The Executive will be eligible to receive an annual cash bonus at an annualized rate of up to 40% of his base salary, based on the achievement of reasonable individual and Company performance targets to be established by the Company and Parent.

  • Annual Bonus Opportunity Your annual target bonus opportunity following the Effective Date will be 50% of your annual base salary (the “Target Bonus”). The Target Bonus shall be subject to review and may be adjusted based upon the Company’s normal performance review practices. Your actual bonuses shall be based upon achievement of performance objectives to be determined by the Board in its sole and absolute discretion. Bonuses will be paid as soon as practicable after the Board determines that such bonuses have been earned, but in no event will a bonus be paid to you after the later of (i) the fifteenth (15th) day of the third (3rd) month following the close of the Company’s fiscal year in which such bonus is earned or (ii) March 15 following the calendar year in which such bonus is earned.

  • Performance Period For purposes of this Agreement, the term “Performance Period” shall be the period commencing on January 29, 2018 and ending on January 29, 2021.

  • Incentive Bonus Compensation The Executive shall be eligible for incentive bonus compensation for each Fiscal Year in an amount to be determined by the Board of Directors or any committee thereof ("INCENTIVE BONUS COMPENSATION").

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