The First Quarter Bonus shall be paid on the earlier of (i) June 30, 2017 or (ii) five (5) business days after the last filing of the Form 10QAs with the SEC for the three and six month periods ending June 30, 2016 and for the three and nine month periods ending September 30, 2016 (the “ Form10QAs ”). Any Additional Quarterly Bonus shall be paid within thirty (30) days after the filing of the applicable Periodic Report. All payments made pursuant to this Section 3(c) shall be conditioned upon Executive remaining employed by the Company on the date such bonus is payable.