Stock Bonus Awards. The Committee may issue unrestricted Common Shares, or other Awards denominated in Common Shares, under this Plan to Eligible Persons, either alone or in tandem with other Awards, in such amounts as the Committee shall from time to time in its sole discretion determine. Each Stock Bonus Award granted under this Plan shall be evidenced by an Award agreement (whether in paper or electronic medium (including email or the posting on a web site maintained by the Company or a third party under contract with the Company)). Each Stock Bonus Award so granted shall be subject to such conditions not inconsistent with this Plan as may be reflected in the applicable Award agreement.
Stock Bonus Awards. Each stock bonus agreement shall be in such form and shall contain such terms and conditions as the Board shall deem appropriate. The terms and conditions of stock bonus agreements may change from time to time, and the terms and conditions of separate stock bonus agreements need not be identical, but each stock bonus agreement shall include (through incorporation of provisions hereof by reference in the agreement or otherwise) the substance of each of the following provisions:
Stock Bonus Awards. For the period on 366 days after the [●]7, for Eligible Persons receiving $100,000 or more in Common Shares, the Committee may only issue restricted Common Shares or other Awards denominated in Common Shares, under the Plan to such Eligible Persons subject to the restrictions of applicable securities laws during such period. After such 366 day period, the Committee may issue unrestricted Common Shares, or other Awards denominated in Common Shares, under the Plan to Eligible Persons, either alone or in tandem with other awards, in such amounts as the Committee shall from time to time in its sole discretion determine. Each Stock Bonus Award granted under the Plan shall be evidenced by an Award agreement (whether in paper or electronic medium (including email or the posting on a web site maintained by the Company or a third party under contract with the Company)). Each Stock Bonus Award so granted shall be subject to such conditions not inconsistent with the Plan as may be reflected in the applicable Award agreement.
Stock Bonus Awards. A Stock Bonus Award is an award to an eligible Employee, Consultant, Director or Non-Employee Director of Shares for Services to be rendered or for past Services already rendered to the Company or any Parent, Subsidiary or Affiliate. All Stock Bonus Awards shall be made pursuant to an Award Agreement. No payment from the Participant will be required for Shares awarded pursuant to a Stock Bonus Award.
Stock Bonus Awards. Immediately after the Closing, the Company ------------------ shall issue to the officers of the Company, in such proportion as may be determined by the Company's Chief Executive Officer, a total of 3,014,772 shares of the Common Stock of the Company pursuant to a Stock Bonus Agreement in form and substance satisfactory to the Company, the Chief Executive Officer of the Company ("CEO") and the Buyers, and the Company shall loan to each person receiving such shares of common stock, an amount of money sufficient to pay the net income tax, state and federal, required to be paid by such person as a result of the receipt of such shares. The amount of this loan shall be advanced by the Company approximately five days before the final due date(s) on which such taxes (or estimates thereof) are payable without the imposition of penalties or interest and shall be repayable to the Company no later than December 31, 2003. The loan shall bear interest at a rate of 6% (the "Tax Payment Loan"), and to be evidenced by a promissory note executed by each person receiving such shares in form and substance satisfactory to the Company, the CEO and the Buyers, (the "Tax Payment Loan Note"); provided, however, that each person receiving such shares shall have the option of requiring the Company to pay to such person the amount of his or her income tax in cash in lieu of the Tax Payment Loan and reducing the number of shares of Common Stock by that number of shares of Common Stock which when multiplied by $3.317 per share, equals the amount of such tax payment. The Tax Payment Loan Note will be secured by a pledge agreement in form and substance satisfactory to the Company, the CEO and the Buyers.
Stock Bonus Awards. The Compensation Committee may award shares of the Company’s common stock as a stock bonus under the Plan. The Compensation Committee may determine the persons who receive such awards, the number of shares to be awarded and the time of the award. Stock received as a stock bonus is subject to the terms, conditions and restrictions determined by the Compensation Committee at the time the stock is awarded. Upon the issuance of a stock bonus, the number of shares reserved for issuance under the Plan shall be reduced by the number of shares issued.
Stock Bonus Awards. Each Stock Bonus Award Agreement shall be in such form and shall contain such terms and conditions as the Board shall deem appropriate. At the Board’s election, shares of Common Stock may be (x) held in book entry form subject to the Company’s instructions until any restrictions relating to the Stock Bonus Award lapse; or (y) evidenced by a certificate, which certificate shall be held in such form and manner as determined by the Board. The terms and conditions of Stock Bonus Award Agreements may change from time to time, and the terms and conditions of separate Stock Bonus Award Agreements need not be identical, provided, however, that each Stock Bonus Award Agreement shall include (through incorporation of provisions hereof by reference in the agreement or otherwise) the substance of each of the following provisions:
