Document:

Exhibit_10_1_Exec_Bonus_Plan

		
			Exhibit 10.1
		

		
			 
		

		
			MobileIron, Inc. 
		

		
			2017 Executive Bonus Plan 
		

		
			  
		

		
			Effective: January 1, 2017 
		

		
			  
		

			
					
						 

					
					
						1. Purpose

				

		
			  
		

		
			The MobileIron, Inc. (the “Company”) 2017 Executive Bonus Plan (the “Bonus Plan”) is designed to provide equity-based incentive compensation to the Company’s executives. The Bonus Plan is designed to reward the participants for assisting the Company in achieving its operational goals through exemplary performance. The overarching intent in setting and achieving the goals is to build long-term stockholder value. 
		

		
			  
		

			
					
						 

					
					
						2. Bonus Plan Year

				

		
			
The Company’s fiscal year (which runs from January 1 through December 31 each year) will be the Bonus Plan Year. 
		

			
					
						 

					
					
						3. Eligibility

				

		
			 
		

		
			The Chief Executive Officer and all individuals who are VP level and above employees and who directly report to the Chief Executive Officer and who are not eligible to participate in any other commission, incentive, bonus or other variable compensation plan are eligible to participate in the Bonus Plan (each a “Participant”). Participants hired prior to December 1 in a Bonus Plan Year are eligible to participate; however awards will be pro-rated for Participants who began their employment after January 1.
		

		
			  
		

		
			Participants who are otherwise eligible for participation in the Bonus Plan may not earn a bonus for the Bonus Plan Year then in effect if their employment with the Company terminates for any reason prior to the date on which the Compensation Committee approves the bonus share awards for the Participants, which for the 2017 Bonus Plan Year will be sometime between January 1, 2018 and March 15, 2018. 
		

		
			  
		

			
					
						 

					
					
						4. Bonus Awards and Determinations

				

		
			 
		

		
			Each eligible Participant will be assigned a target bonus amount determined at the discretion of the Compensation Committee of the Board of Directors of the Company (the “Compensation Committee”) or, in the case of the Chief Executive Officer (if eligible to participate), the Board of Directors of the Company (the “Target Bonus”). Other than the Chief Executive Officer who has a Target Bonus equal to 100% of his 2017 base salary, Target Bonuses for each other Participant for this Bonus Plan Year are equal to 45% of the Participant’s 2017 base salary. 
		

		
			   
		

		
			Each Participant’s Target Bonus will be based on the achievement by the Company of performance targets for gross billings and non-GAAP operating income achieved in 2017, adjusted upward or downward to the extent that the Company exceeds or does not meet these targets. Bonus payments are conditioned on the Company achieving a minimum percentage threshold of these targets, and funding 

		 

		

			 

		

 

of the Bonus Plan will scale upward to the extent the Company exceeds these minimum percentages. To the extent that the Company exceeds the performance targets for both gross billings and non-GAAP operating income, Target Bonuses may be increased, subject to a cap of 120% of the Target Bonus, in the sole discretion of the Compensation Committee or the Board, as applicable. Other than with respect to the Chief Executive Officer, who shall be paid his bonus in cash, all other bonuses are to be paid in unrestricted common stock. 
		

		
			   
		

		
			The Compensation Committee or, in the case of the Chief Executive Officer, the Board, will determine (in its sole and absolute discretion) what percentage of the corporate goals have been achieved, and award that percentage of the corporate portion of the Target Bonus.   
		

		
			   
		

		
			The Board and the Compensation Committee retain the discretion to adjust awards based upon any other factors determined by the Board or the Compensation Committee, as applicable, to be relevant.  
		

		
			Bonuses are deemed earned as of the date on which the Compensation Committee approves the bonus share awards for the Participants, which for the 2017 Bonus Plan Year will be sometime between January 1, 2018 and March 15, 2018. As set forth in Section 3, Participants must be employed on the date bonuses are deemed earned to earn a bonus for that Bonus Plan Year. Accordingly, any Participant whose employment terminates (for any reason) during the Bonus Plan Year and prior to the date on which the Compensation Committee approves the bonus share award for such Participant will not be eligible for, and will not earn, a bonus for that Bonus Plan Year (including any partial or prorated bonus).  
		

		
			 
		

			
					
						 

					
					
						5. Payment of Awards

					
						 

				

		
			Any bonuses that are awarded will be paid no later than March 15th of the year following the Bonus Plan Year for which bonuses have been awarded. All bonuses shall be subject to standard deductions and withholdings.  
		

			
					
						 

					
					
						6. Miscellaneous

				

		
			
This Bonus Plan may be amended, modified or terminated at any time by the Board or the Compensation Committee. It does not confer any rights upon a Participant to remain in service with the Company for any specific duration or otherwise restrict in any way the rights of the Company to terminate a Participant’s service with the Company for any reason, with or without cause or advance notice.  
		

		
			This Bonus Plan contains the entire agreement between the Company and its Participants on this subject, and supersedes all prior bonus compensation Bonus Plans or programs of the Company and all other previous oral or written statements regarding any such bonus compensation programs or Bonus Plans. 
		

		
			This Bonus Plan shall be governed by and construed under the laws of the State of California.Exhibit 4.1

 

	
        NUMBER

        U-__________
	 	UNITS
	
        SEE REVERSE FOR

        CERTAIN DEFINITIONS
	NATIONAL ENERGY SERVICES REUNITED

 CORP.	 

 

	 	 	CUSIP G6375R 123

 

UNITS CONSISTING OF ONE ORDINARY SHARE AND

ONE WARRANT

 

THIS CERTIFIES THAT

___________________________________________________________________________

is the owner of

_______________________________________________________________
Units.

 

Each Unit (“Unit”) consists of one (1) ordinary
share of National Energy Services Reunited Corp., a British Virgin Islands company (the “Company”), and one (1) warrant
(the “Warrants”). Each Warrant entitles the holder to purchase one half (1/2) of one ordinary share for $5.75 per half
share (subject to adjustment) and may only be exercised for a whole number of ordinary shares. Each Warrant will become exercisable
commencing on the later of (a) __________ __, 2018, 12 months from the date of the final prospectus, and (b) thirty (30) days after
the Company’s completion of a share exchange, share reconstruction and amalgamation, purchase of all or substantially all
of the assets, contractual arrangement, or other similar business combination with one or more businesses or entities (a “Business
Combination”), and will expire unless exercised before 5:00 p.m., New York City Time, five years after the completion by
Company of an initial Business Combination (the “Expiration Date”). The ordinary share and Warrant(s) comprising the
Unit(s) represented by this certificate are not transferable separately until ________, the 52nd day after the date
of the final prospectus, unless Maxim Group LLC informs the Company of its decisions to allow earlier separate trading, except
that in no event will the ordinary shares and Warrants be separately tradable until the Company has filed an audited balance sheet
reflecting the Company’s receipt of the gross proceeds of its initial public offering and issued a press release announcing
when such separate trading shall commence. The terms of the Warrants are governed by a Warrant Agreement, dated as of _______,
2017, between the Company and Computershare Trust Company, N.A., as Warrant Agent, and are subject to the terms and provisions
contained therein, all of which terms and provisions the holder of this certificate consents to by acceptance hereof. Copies of
the Warrant Agreement are on file at the office of the Warrant Agent at 480 Washington Boulevard, Jersey City, NJ 07310, and are
available to any Warrant holder on written request and without cost.

 

This certificate is not valid unless countersigned
by the Transfer Agent and Registrar of the Company.

 

Witness the facsimile seal of the Company
and the facsimile signatures of its duly authorized officers.

 

	By	 	 	 
	 	Chairman	 	Secretary
	 	 	 	 

 

     

     

    

  

National Energy Services Reunited Corp.

 

The Company will furnish without charge
to each shareholder who so requests, a statement of the powers, designations, preferences and relative, participating, optional
or other special rights of each class of stock or series thereof of the Company and the qualifications, limitations, or restrictions
of such preferences and/or rights.

 

The following abbreviations, when used in
the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable
laws or regulations:

 

	TEN COM –	as tenants in common	UNIF GIFT MIN ACT -	_____ Custodian ______
	TEN ENT –	as tenants by the entireties	 	(Cust)            (Minor)
	JT TEN –	
        as joint tenants with right of survivorship

        and not as tenants in common
	 	
        under Uniform Gifts to Minors and not as tenants in common

        Act __________________

        (State)

 

Additional Abbreviations may also be used though not in the
above list.

 

For value received, ___________________________ hereby sell,
assign and transfer unto

 

	PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE	 	 
	 	 	 
	 	 	 
	 	 	 

 

	 
	(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)
	 
	 
	 

		 
	represented by the within Certificate, and do hereby irrevocably constitute and appoint	 
		 
	to transfer the said Units on the books of the within named Company will full power of substitution in the premises.	 

 

	Dated:	 	 	 
	 	 	 	Notice :	The signature to this assignment must correspond with the name as written upon the face of the certificate in every particular, without alteration or enlargement or any change whatever

 

	Signature(s) Guaranteed:	 
	 	 

 

THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR
INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE
MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15).

 

The holder of this certificate shall be entitled to receive
funds from the trust fund only in the event of the Company’s liquidation upon failure to consummate a business combination
or if the holder seeks to redeem his shares upon consummation of such business combination or in connection with certain amendments
to the Company’s Memorandum and Articles of Association. In no other circumstances shall the holder have any right or interest
of any kind in or to the trust fund.

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