Patent Issuance Bonus Plan Description
This document outlines a bonus plan for employees involved in the patent process. Eligible employees and their managers receive cash bonuses for submitting patent disclosures, managing inventors, filing patent applications, and being granted patents. The plan specifies set amounts for each activity, including additional bonuses for every five patents issued. The purpose is to incentivize innovation and recognize contributions to the company's intellectual property portfolio.
Exhibit 10.35
Description of Patent Issuance Bonus Plan
Bonuses under the patent issuance bonus plan are given to inventors and primary managers for their involvement in the patent process. Employees are eligible to receive a bonus award for certain patent components including: $500 for each patent disclosure submitted by that employee; $250 for each patent disclosure in which that employee is a manager of at least one of the inventors; $1,000 for each patent application filed on behalf of that employee; $1,000 for each patent issued to that employee; and $5,000 for every five patents issued to that employee.
