Player referrals at Pokerroom

[bighomage]

One of my friends is just starting out at pokerroom and he wants me to sign up so he can get referral money. I have no problem with this assuming I can clear a deposit bonus and make some money too. Do I have to play a certain number of hands before he gets the referral money. If I take my money out after I clear a deposit bonus, will we both get the money?