Success Fee

Success Fee. The Success Fee shall be a cash payment to Executive of S 1,000,000; provided, however, that in the event of any consolidation or merger of the Company with or into another corporation (other than a merger which does not constitute a Change of Control), or the conveyance of all or substantially all of the assets of the Company to another corporation or entity, and in which the value to the common shareholders of the Company is greater than $9.00 per share (the "Common Stock Value"), the Success... Fee shall be increased by the sum of $25,000 for each $. 10 per share that the Common Stock Value exceeds $9.00. Common Stock Value shall mean the reasonable value of all distributions to shareholders, including cash and the reasonable value of all securities, divided by the number of common shares held by all security holders actually receiving such distributions on a fully diluted basis. View More

Success Fee. Means a fee equal to 7.0 times EBITDA for the twelve-month period ended immediately prior to the Success Fee Triggering Event minus Indebtedness plus Cash, times 6.0%.

Success Fee. A fee payable by the Company to Investor at each Tranche Closing equal to 2% of the net Tranche Amount

Success Fee. The fee to be paid by PURCHASER to SELLER as specified in Exhibit D upon successful FDA Approval.