Financing Bonus Level Two
Financing Bonus Level Two. A lump sum cash payment equal to an additional two (2) months of Employee's base salary paid to Employee in two equal installments, the first being paid on the later of June 30, 2006 or the Financing Transaction Level Two closing date, and the second being paid on December 31, 2006. A Financing Bonus Level One, together with a Financing Bonus Level Two, are referred to together herein as a "Financing Bonus." For the avoidance of doubt, a Financing Bonus Level Two can only be paid once....
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ATHERSYS, INC contract