Equity Bonus definition
Equity Bonus means, with respect to each $1,000 principal amount of Securities, the greater of (i) zero and (ii) the product of:
Equity Bonus means a number of shares of Common Stock with an aggregate Market Value equal to 75% of the Principal Amount. “Market Value” means $0.10 per share of Common Stock. The Purchaser shall have no obligation to provide any additional consideration to the Company for the issuance of the Equity Bonus. The Company shall authorize and reserve sufficient shares of the Company’s capital stock to be issued upon the issuance of the Equity Bonus. The shares of Common Stock comprising the Equity Bonus shall be included in any registration of shares of Common Stock under the Securities Act of 1933, as amended (the “Securities Act”), occurring after the date hereof.
Equity Bonus means a bonus accrued for and paid in accordance with Section 7.
Examples of Equity Bonus in a sentence
Until or unless the Company and the Committee establish performance goals, the Executive’s discretionary Cash Bonus and equity-based compensation (including the Equity Bonus) will be wholly discretionary.
The Equity Bonus can only be applied to new direct clients who open live accounts at the Company and have never participated in the promotion of "The 100% First Deposit Bonus".
During the Term, the Executive shall be eligible to receive equity and equity-based awards (including the Equity Bonus) in the discretion of the Board or the Committee and on such terms and conditions as determined by the Board or the Committee.
The Equity Bonus may be in the form of common stock, stock options or other equity consideration, in such amounts and with such terms as may be determined by the Committee or the Board, with the recommendation of the Committee, from time to time.
The Executive and the Company agree that the Executive’s discretionary Cash Bonus and equity-based compensation (including the Equity Bonus) may, but shall not be required to, be based on the Executive’s and the Company’s achievement of performance goals that may be established by the Committee after discussion with the Executive and his supervisors (if any).
More Definitions of Equity Bonus
Equity Bonus means a number of shares of Common Stock with an aggregate Market Value of not less than $300,000. “Market Value” means an amount equal to the Conversion Price (as defined in the Note), as such amount may be adjusted from time to time pursuant to Section 9 of the Note. The Purchaser shall have no obligation to provide any additional consideration to the Company for the issuance of the Equity Bonuses. The Company shall authorize and reserve sufficient shares of the Company’s capital stock to be issued upon the issuance of the Equity Bonuses. Upon the Purchaser’s written request, not later than thirty (30) days after receipt of such request, the Company shall file with the Securities and Exchange Commission (the “SEC”) a registration statement (the “S-1”) with respect to a number of shares of Common Stock not less than such number of shares required to be included in the Equity Bonuses, assuming that advances of funds under the Note in the aggregate of $600,000 have been made. Not later than sixty (60) days following the filing of the S-1 with the SEC, the Company shall cause to be declared effective the registration under the Securities Act of 1933, as amended (the “Securities Act”), the shares of Common Stock comprising the Equity Bonuses (assuming aggregate advances of funds under the Note of $600,000).
Equity Bonus means a number of shares of Common Stock with an aggregate Market Value of not less than $225,000 calculated at $0.15 per share or less. “Market Value” means either (i) the average of the three (3) lowest closing prices of the Common Stock published by Bloomberg L.P. for the forty-five (45) trading days preceding the Closing (the “Average Trading Price”) or (ii) $0.15 (fifteen cents), whichever is lower. The Purchaser shall have no obligation to provide any additional consideration to the Company for the issuance of the Equity Bonus. The Company shall authorize and reserve sufficient shares of the Company’s capital stock to be issued upon the issuance of the Equity Bonus and any Board Meeting Fees. As of the date hereof, the Market Value was $0.15 or less equaling $0. ____ per share1 and the number of shares of Common Stock required to be included in the Equity Bonus is not less 1,500,000 shares of Common Stock (not including any Board Meeting Fees). Shares issuable as Board Meeting Fees may be issued, if necessary and with both parties’ agreement, under a registration statement in Form S-8 under the Securities Act and the regulations promulgated thereunder.
Equity Bonus means a bonus determined in the manner, and payable to certain employees of the Company, described under Item 1 on Schedule 5.01 of the Company Disclosure Letter in an amount equal to Fifteen Million Dollars ($15,000,000). The Equity Bonus shall be payable to such employees as follows: (a) one-third (1/3rd) of the aggregate portion of the Equity Bonus allocated to any employee shall be due and payable on the eightieth (80th) day following the Effective Time of the Merger and (b) the remaining portion of the Equity Bonus allocated to such employee will be payable on the fifteen (15) month anniversary of the Effective Time. To the extent that any employee who is entitled to an Equity Bonus payment is terminated following the Effective Time without cause or terminates his or her employment for good reason (as the terms cause and good reason are defined in the SPARTA, Inc. Employee Severance Plan), then any unpaid Equity Bonus payments allocated to such employee shall be paid to such former employee at the same time as they are paid to continuing employees of the Surviving Corporation.
Equity Bonus means and include the terms
Equity Bonus means a number of shares of Common Stock with an aggregate Market Value of not less than $225,000. “Market Value” means either (i) the average of the three (3) lowest closing prices of the Common Stock published by Bloomberg L.P. for the forty-five (45) trading days preceding the Closing (the “Average Trading Price”) or (ii) $0.15 (fifteen cents), whichever is lower. The Purchaser shall have no obligation to provide any additional consideration to the Company for the issuance of the Equity Bonus. The Company shall authorize and reserve sufficient shares of the Company’s capital stock to be issued upon the issuance of the Equity Bonus and any Board Meeting Fees. As of the date hereof, the Market Value was $0.15 per share and the number of shares of Common Stock required to be included in the Equity Bonus is not less than 1,500,000 shares of Common Stock (not including any Board Meeting Fees).
Equity Bonus means any stock, option, warrant, or similar right that is granted to or exercised by the ▇▇▇▇▇ Partner, in each case in connection with services rendered by the ▇▇▇▇▇ Partner, and (iii) “Salary” means the regular monthly payments described above plus any severance paid to the ▇▇▇▇▇ Partner during the term hereof, but excluding any Cash Bonus, Equity Bonus, benefits (including medical benefits subsidy paid to Employee), and other compensation. All compensation payable or deliverable to ▇▇▇▇▇ is referred to herein as the “Resource Fee.” In lieu of the ▇▇▇▇▇ Partner participating in the Company-sponsored employee medical/dental insurance benefit, the ▇▇▇▇▇ Partner will remain on his or her current medical/dental plan. The Company will reimburse the ▇▇▇▇▇ Partner for amounts paid by the ▇▇▇▇▇ Partner for such medical/dental insurance for himself and (where applicable) his family of up to $ 324.00 per month upon presentation of reasonable documentation of premiums paid by the ▇▇▇▇▇ Partner. In accordance with the U.S. federal tax law, such amount will not be considered reportable W-2 income, but instead non-taxable benefits expense. As an employee, the ▇▇▇▇▇ Partner will be eligible for any Company employee retirement and/or 401(k) plan and for vacation and holidays consistent with the Company’s policy as it applies to senior management, and the ▇▇▇▇▇ Partner will be exempt from any delay periods otherwise required for eligibility. Payments to ▇▇▇▇▇ should be made by direct deposit through the Company’s payroll, or by an automated clearing house (“ACH”) payment at the same time as payments are made to the Employee. If such payment method is not available and payments are made by check, ▇▇▇▇▇ will issue invoices to the Company, and the Company agrees to pay such invoices no later than ten (10) days after receipt of invoices. The Company will reimburse the ▇▇▇▇▇ Partner directly for out-of-pocket expenses incurred by the ▇▇▇▇▇ Partner in providing services hereunder to the same extent that the Company is responsible for such expenses of senior managers of the Company. The Company will have the opportunity to make the ▇▇▇▇▇ Partner a permanent member of Company management at any time during the term of this agreement by entering into another form of ▇▇▇▇▇ agreement, the terms of which will be negotiated at such time. During the twelve (12)-month period following termination or expiration of this agreement, other than in connection with conversion to a Permanent E...
Equity Bonus means for a Plan Year an amount equal to the product of (i) the portion of the Participant’s Annual Bonus Pool Percentage allocable to the Participant’s Equity Bonus Pool Percentage and (ii) the Bonus Pool, provided that, as of the Effective Date, the Deferred Bonus for members of the Company’s senior management shall be twenty-five percent (25%) of the Bonus Pool allocable to such individuals, subject to adjustment by the Committee in Future Plan Years.