Document ID: 10722

Text:
(a) If Executive is employed by the Company as of December 31, 2017 , Executive shall be eligible to receive a cash bonus with respect to the fiscal year ended December 31, 2017 equal to 10 percent ( 10% Percentage×) of the then-applicable Base Salary payable within 90 days of the end of the fiscal year ended December 31, 2017 , if the Companys net revenues for such fiscal year equal or exceed $12,960,000 and the Companys net income before taxes, adjusted to exclude the effect of (i) bonuses paid to officers, (ii) contract disbursements to Sandia National Labs, the U.S. Naval Research Laboratory, and such other R&amp;D contractors as may be agreed, and (iii) stock option expense attributable to the Stock Options (as defined below) (Adjusted Net Income), exceeds $1,620,000 .

Named Entities:
42
43
Percentage
81
86
Salary
166
171
Salary

Tokenized Text:
(
a
)
If
Executive
is
employed
by
the
Company
as
of
December
31
,
2017
,
Executive
shall
be
eligible
to
receive
a
cash
bonus
with
respect
to
the
fiscal
year
ended
December
31
,
2017
equal
to
10
percent
(
10
%
Percentage
×
)
of
the
then-applicable
Base
Salary
payable
within
90
days
of
the
end
of
the
fiscal
year
ended
December
31
,
2017
,
if
the
Companys
net
revenues
for
such
fiscal
year
equal
or
exceed
$
12
,
960
,
000
and
the
Companys
net
income
before
taxes
,
adjusted
to
exclude
the
effect
of
(
i
)
bonuses
paid
to
officers
,
(
ii
)
contract
disbursements
to
Sandia
National
Labs
,
the
U
.
S
.
Naval
Research
Laboratory
,
and
such
other
R
&
amp
;
D
contractors
as
may
be
agreed
,
and
(
iii
)
stock
option
expense
attributable
to
the
Stock
Options
(
as
defined
below
)
(
Adjusted
Net
Income
)
,
exceeds
$
1
,
620
,
000
.