Bonus Criteria. For the Stub-Period, Executive shall receive 25% of Salary earned with respect to the Stub Period as a bonus if the Stub Year Revenue and Adjusted EBITDA Targets have been achieved plus an additional 25% of Salary earned with respect to the Stub Period as a bonus if merited by Executive’s individual overall performance of his duties, as determined in the discretion of the Compensation Committee after receiving input from the Chief Executive Officer and the Executive. For the Year 1 and Year 2 Periods, Executive shall receive 25% of Salary earned with respect to Year 1 and/or Year 2, as applicable, as a bonus if the Year 1/Year 2 Targets have been achieved plus an additional 25% of Salary earned with respect to Year 1 and/or Year 2, as applicable, as a bonus if merited by Executive’s individual overall performance of his duties, as determined in the discretion of the Compensation Committee after receiving input from the Chief Executive Officer and the Executive. Achievement of financial targets shall be determined promptly after the Employer’s annual financial statements for the fiscal year for the applicable period have been publicly issued and certified by the Employer’s auditors. Any interpretative issues in reconciling Adjusted EBITDA or a Public Earnings Measure to audited numbers shall (a) be resolved as much as possible based on the Employer’s publicly filed reconciliations of the same and (b) as to any other questions shall be determined in the reasonable discretion of the Compensation Committee after good faith discussion with Executive. Bonus targets that have not been achieved to the level required by this Schedule A shall not entitle Executive to a pro-rated bonus unless the Compensation Committee in its sole discretion determines that a pro-rated bonus is appropriate. SCHEDULE B DIGITAL TURBINE, INC. AMENDED AND RESTATED 2011 EQUITY INCENTIVE PLAN NOTICE OF GRANT AND STOCK OPTION AGREEMENT Name: Xxxxxxx Xxxxxxxxx Plan Name: Amended and Restated 2011 Equity Incentive Plan Effective September 12, 2016, (“Grant Date”), you have been granted a non-qualified stock option (the “Option”) to purchase four hundred fifty thousand (450,000) shares of Digital Turbine, Inc. (the “Company”) common stock at an Exercise Price of _______ per share pursuant to the Mandalay Digital Group, Inc. Amended and Restated 2011 Equity Incentive Plan (the “Plan”). Except as otherwise defined herein, terms with initial capital letters shall have the same meanings set forth ...
Bonus Criteria. The criteria in (b)(i) and (ii) operate independently and provided for separate and distinct bonus opportunities.
Bonus Criteria. Unless an Acceleration Event occurs, the Employee will become eligible to receive a bonus in cash and Shares (as defined below) in 2009 (the “Bonus”) only if the Corporation’s fiscal year 2009 earnings before interest, taxes, depreciation and amortization are a deficit of no more than $________ (the “EBITDA Threshold”). Except as set forth in Paragraph 5, Employee’s Bonus, if any, will be no more than $_____, based on the value of the Shares set forth below. The Corporation shall pay half of any Bonus in immediately available U.S. dollars not to exceed $_____ and half in Shares (as defined below), not to exceed _____ Shares (calculated based on the price per share of the Corporation’s Common Stock as quoted on NASDAQ as of the close of trading on February 23, 2009, of $0.69 per share). Except as set forth in Paragraph 4, the Corporation must pay all Bonus payments no later than March 15, 2010.
Bonus Criteria. 1.1 For the calendar year ended December 31, 1997, Executive will be entitled to a bonus of at least 25% of his base salary if CTS meets its budgetary goals for such year, as approved by the Board of Directors of CTS (or the Compensation and Stock Option Committee thereof).
Bonus Criteria. The Executive’s Bonus shall be based on the following criteria:
Bonus Criteria. (i) The Executive complies with his obligations under this Agreement, including without limitation the Executive’s obligations under Section 4 hereof.
Bonus Criteria. In the event Xx. Xxxxxx achieves all four of the above bonuses during the first year of his employment, he shall be entitled to receive an additional fifteen thousand dollars ($15,000). Any earned quarterly bonus shall be accrued and owing at quarter end and payable within 30 days after the end of each quarter. Any earned quarterly bonus amounts shall not be pro rated pursuant to paragraph 2(f) of the Agreement but shall be paid in full if earned and unpaid at the time of termination. Notes:
Bonus Criteria. The Bonus Criteria for Year 2 shall be mutually agreed by the Executive and Employer no later than 30 days prior to the end of the Year 1 Period and shall include, among other metrics: i. Overall Company performance measured on EBITDA 14 of 23 SCHEDULE B MANDALAY DIGITAL GROUP, INC. AMENDED AND RESTATED 2011 EQUITY INCENTIVE PLAN NOTICE OF GRANT AND STOCK OPTION AGREEMENT Name: Xxxxxxx Xxxxxxxx Plan Name: Amended and Restated 2011 Equity Incentive Plan Effective _______________ , 2013, ("Grant Date"), you have been granted a non-qualified stock option to purchase three hundred thousand (300,000) shares of Mandalay Digital Group, Inc. common stock at an Exercise Price of _______ per share pursuant to the Mandalay Digital Group, Inc. Amended and Restated 2011 Equity Incentive Plan (the "Plan"). Except as otherwise defined herein, terms with initial capital letters shall have the same meanings set forth in the Plan. A copy of the Plan is attached to this Notice and Agreement. The terms and conditions of the Plan are incorporated herein by this reference. For purposes of Section 2.23, the definition of Misconduct shall be the same as the definition of "Cause" set forth in your Employment Agreement with the Company dated November ____, 2013 ("Employment Agreement"). This Option shall become vested and exercisable as follows: (i) 75,000 options shall vest on the one year anniversary of the Start Date; and (ii) the remaining 225,000 options shall vest monthly at a rate of 6,250 per month from month 13 to month 48 If your employment is terminated prior to the end of the four (4) year period, this Option is exercisable only with respect to the "cumulative shares vested" as of the date of your termination. Per the Plan, there shall be no proportionate or partial vesting in the periods prior to each vesting date and all vesting shall occur only on the appropriate vesting date. In addition, accelerated vesting applies to the extent provided for in your Employment Agreement in connection with a Change of Control (as defined therein) and certain termination events. Exhibit A (Vesting Schedule) indicates each date upon which the Participant shall be vested and entitled to exercise the Option with respect to the percentage indicated beside that date provided that the Participant has not suffered a Termination of Employment prior to the applicable vesting date. By accepting this grant and exercising any portion of the Option, you represent that you: (i) agree to the terms ...
Bonus Criteria. There are six (6) bonus criteria, each worth 25% of Salary. For example, if all six bonus criteria are achieved, the annual bonus for the applicable year shall be 150% of Salary. If only three (3) bonus criteria are achieved, the annual bonus for the applicable year shall be 75% of Salary. If none are achieved, then the annual bonus for the applicable year shall be 0% of Salary.
Bonus Criteria. There are two (2) bonus criteria, each worth 50% of Salary.
