#1. A single bounty chip is issued to each player, and is forfeited when the player is eliminated from the tournament. If it is a re-buy tournament, the player retains his bounty chip after being felted provided they re-buy a new stack -- because they have not yet been eliminated from the tournament. In this version, being felted does not necessarily mean being eliminated (unless opting to not re-buy). In this version, the bounty is attached to the player.
#2. A single bounty chip is issued with each stack (whether initial stack or re-buy stack), and is forfeited when that stack is felted/gone. A (new) re-buy stack comes with a new bounty chip. In this version, the bounty is attached to the stack/chips.