Registered Securities. the Company shall distribute, in payment of the Transaction Bonus, securities and cash in the same proportion in which they comprise the Net Proceeds. Notwithstanding the foregoing, the Company may elect, in its sole discretion, to instead include in the Transaction Bonus an amount of cash equal to the fair market value of all or a portion of any such registered securities, as determined by the Company in good faith, as would otherwise have been a part of the Transaction Bonus, in accordance with applicable IRS standards, if any.
Appears in 4 contracts
Samples: Transaction Bonus Agreement (Biosante Pharmaceuticals Inc), Anip Acquisition Company Transaction Bonus Agreement (Biosante Pharmaceuticals Inc), Anip Acquisition Company Transaction Bonus Agreement (Biosante Pharmaceuticals Inc)
