Definition of Stock Performance Bonus


Stock Performance Bonus means any Performance Bonus that is paid in Common Stock.
Sample 1

Examples of Stock Performance Bonus in a sentence

Shares of Common Stock to be issued under the Plan shall be delivered from shares of Common Stock available for issuance from the underlying plan pursuant to which the deferred Stock Award or Stock Performance Bonus was granted.
Stock Performance Bonus: The company will pay a Stock Performance Bonus (the "Stock Performance Bonus"), which shall be paid in unrestricted shares of Common Stock of the Company or in Cash, at the Executive's sole discretion, in accordance with the following: If the Company's stock price maintains a 6-month average during any period in the Term of $1.50 or higher, then the Stock Performance Bonus shall be $100,000.