Common use of Second Additional Bonus Clause in Contracts

Second Additional Bonus. In addition to all other Bonuses and the Additional Bonus, the Executive shall be entitled to receive a Second Additional Bonus of $50,000.00 and 500,000 shares of the common stock of the Company once the Company has succeeded in making sales to its second five hundred customers (1,000 customers in the aggregate).

Appears in 2 contracts

Sources: Executive Employment Agreement (Skybridge Wireless Inc), Executive Employment Agreement (Skybridge Wireless Inc)