Dycam definition
Examples of Dycam in a sentence
Asset Number Vendor Description ------------ ------ ----------- 12173 Control Systems Timeclock Systems 8463 Control Systems Timeclock Kronos 460F 8466 Control Systems Camera SSI 124E Die Cutt▇▇ ▇▇▇▇ Asset Number Vendor Description ------------ ------ ----------- 9255 Control Systems Timeclock Kronos 460F Barcode 9403 Control Systems Timeclock Kronos 460F Barcode 12218 Dycam Inc.
Upon acceptance of this letter by you, Dycam will pay to you a one time "signing bonus" of $3,000.
Such Options shall consist of two kinds, up to 90,000 Options that will vest so long as you continue to be employed by Dycam (the "Employment Options") and up to 60,000 Options that will vest if certain conditions described below are satisfied (the "Bonus Options").
The term of your employment shall extend through December 31, 1999 unless previously terminated by you or by Dycam pursuant to section 6 of this letter agreement.
If Dycam chooses to terminate your employment without cause for any reason prior to June 30, 1997, Dycam shall pay to you effective upon such termination the greater of (i) the salary that would otherwise be paid to you through and including June 30, 1997 or (ii) three months salary.
In addition, if Dycam chooses to terminate your employment without cause prior to June 30, 1997, you will become immediately vested in the Employment Options which would otherwise vest on March 31, 1997 and June 30, 1997 and, if the business plan prepared by you is adopted by the Board of Directors prior to June 30, 1997, the Bonus Options which would otherwise vest on March 31, 1997 and June 30, 1997.
The acquisition by any Person or a group (as defined in section 13(d) of the Exchange Act of 1934) of Persons (other than IDI, Pacific Capital Group or Dycam and, in the case of the Seller, Parent) of control directly or indirectly) of control of any Obligors; provided that the -------- change of directors or officers of Parent or the Borrower shall not be deemed an acquisition of control.
In addition, if at any time during calendar 1997 the Board of Directors of Dycam approves a written business plan in substantially the form submitted by you, an additional 5,000 Bonus Options shall become vested for each quarter of the calendar year.
If Dycam chooses to terminate your employment without cause after June 30, 1997, Dycam shall pay to you six months salary and you will be entitled to vest in any Employment Options and Bonus Options (if the applicable condition is subsequently satisfied) that would otherwise have been earned by you during the six months immediately succeeding the date of your termination.
Warrants - You will be entitled to participate in Dycam's stock option and/or warrant plan and will be entitled to up to 150,000 options/warrants ("Options") with terms consistent with Options held by other senior executives of Dycam and with vesting provisions and exercise prices as described below.