Compensation; Grant of Stock Option. In consideration for the services to be provided by the Consultant to the Company under the terms of this Agreement, the Company agrees to grant to the Consultant upon the execution of this Agreement
Compensation; Grant of Stock Option. In consideration for the services to be provided by the Consultant to the Company under the terms of this Agreement, the Company agrees to grant to the Consultant upon the execution of this Agreement a non-qualified stock option (the "Option") to purchase up to the number of shares (the "Shares") of the Company's common stock (the "Common Stock") as set forth below which shall fully vest immediately upon execution of this Agreement, at an exercise price as set forth below: Number of Shares or Total Dollar Amount: $3,000,000 The Thirty Day Low, but not less than $0.15. The terms of the Option shall otherwise be set forth in a Non-Qualified Stock Option Agreement between the Company and the Consultant, substantially in the form attached as Exhibit A to this Agreement. The Company agrees to register the Shares upon signing of this agreement for resale under the Securities Act of 1933, as amended, pursuant to a registration statement filed with the Securities and Exchange Commission on Form S-8 (or, if Form S-8 is not then available, such other form of registration statement available), pursuant to the terms of such registration set forth in the Non-Qualified Stock Option Agreement. In addition, the Company shall, at the end of each month in which options are exercised, issue to the Consultant a number of shares equal to 15% of the number of shares purchased.
Compensation; Grant of Stock Option. In consideration for the ----------------------------------- services to be provided by the consultant to the Company under the terms of this Agreement, the Company agrees to grant to the Consultant upon the execution of this Agreement a non-qualified stock option (the "OPTION") to purchase up to the number of shares (the "SHARES") of the Company's common stock ( the "COMMON STOCK") as set for the below which shall fully vest immediately upon execution of this Agreement, at an exercise price as set forth below: Total Dollar Amount: $50,000 Percentage per Share (in US$): 70% of the preceding day close The terms of the Option shall otherwise be set forth in a Non-Qualified Stock Option Agreement between the Company and the Consultant, substantially in the form attached as Exhibit A to this Agreement. The Company agrees to register --------- the Shares upon signing of this agreement for resale under the Securities Act of 1933, as amended, pursuant to a registration statement filed with the Securities and Exchange Commission of for S-8 (or, if Form S-8 is not then available, such other form of registration statement available), pursuant to the terms of such registration set forth in the Non-Qualified Stock Option Agreement.
Compensation; Grant of Stock Option. In consideration for the services to be provided by the Consultant to the Company under the terms of this Agreement, the Company agrees to grant to the Consultant upon the execution of this Agreement a non-qualified stock option (the "Option") to purchase up to 6,000,000 shares of the Company's common stock (the "Common Stock") which shall fully vest immediately upon execution of this Agreement, at an exercise price of $.035 per share. The terms of the Option shall otherwise be set forth in a Non-Qualified Stock Option Agreement between the Company and the Consultant, substantially in the form attached as Exhibit A to this Agreement. The Company agrees to register the Shares upon signing of this agreement for resale under the Securities Act of 1933, as amended, pursuant to a Registration Statement filed with the Securities and Exchange Commission on Form S-8 (or, if Form S-8 is not then available, such other form of registration statement available), pursuant to the terms of such registration set forth in the Non-Qualified Stock Option Agreement.
Compensation; Grant of Stock Option. In consideration for the services to be provided by the Consultant to the Company under the terms of this Agreement, the Company agrees to grant to the Consultant upon the execution of this Agreement a non-qualified stock option (the "Option") to purchase up to the number of shares (the "Shares") of the Company's common stock (the "Common Stock") as set forth below which shall fully vest immediately upon execution of this Agreement, at an exercise price as set forth below: Number of Shares or Total Dollar Amount: $3,000,000 The lesser of, The Thirty Day Low or: Percentage per Share : 50% of the preceding 10 day low average The terms of the Option shall otherwise be set forth in a Non-Qualified Stock Option Agreement between the Company and the Consultant, substantially in the form attached as Exhibit A to this Agreement. The Company agrees to register the Shares upon signing of this agreement for resale under the Securities Act of 1933, as amended, pursuant to a registration statement filed with the Securities and Exchange Commission on Form S-8 (or, if Form S-8 is not then available, such other form of registration statement available), pursuant to the terms of such registration set forth in the Non-Qualified Stock Option Agreement. The Company shall pay to the race team an amount of stock equivalent to 5% of the total shares issued to the Consultant, pro rata on a monthly basis.
Compensation; Grant of Stock Option. In consideration for __ hours of services to be provided by the Consultants to the Company under the terms of this Agreement, the Company agrees to grant to the Consultants upon the execution of this Agreement non-qualified stock options (the "Option") to purchase up to 800,000 shares (the "Shares") of the Company's common stock (the "Common Stock") as set forth below which shall fully vest immediately upon execution of this Agreement, at an exercise price of $0.001 per share. The shares shall be allocated among the consultants as indicated in the Non-Qualified Stock Option Agreements executed pursuant to this Agreement. The specific terms of the Option shall otherwise be set forth in a Non-Qualified Stock Option Agreement between the Company and the Consultant, substantially in the form attached as Exhibit A to this Agreement. The Company agrees to register the Shares upon signing of this agreement under the Securities Act of 1933, as amended, pursuant to a registration statement filed with the Securities and Exchange Commission on Form S-8 (or, if Form S-8 is not then available, such other form of registration statement available).
Compensation; Grant of Stock Option. In consideration for the services to be provided by the Consultant to the Company under the terms of this Agreement, the Company agrees to grant to the Consultant upon the execution of this Agreement a non-qualified stock option (the "Option") to purchase up to $350,000 of shares of the Company's common stock (the "Common Stock") as set forth below which shall fully vest immediately upon execution of this Agreement, at an exercise price as set forth below: Number of Shares or Total Dollar Amount: $350,000 Exercise Price (in US$): 35% discount from the average closing bid price for the ten trading days immediately prior to the exercise of the Option. The terms of the Option shall otherwise be set forth in a Non-Qualified Stock Option Agreement between the Company and the Consultant, substantially in the form attached as Exhibit A to this Agreement. The Company agrees to use its best efforts to register the Shares for resale under the Securities Act of 1933, as amended, pursuant to a registration statement filed with the Securities and Exchange Commission on Form S-8 (or, if Form S-8 is not then available, such other form of registration statement then available), pursuant to the terms of such registration set forth in the Non-Qualified Stock Option Agreement.
Compensation; Grant of Stock Option. In consideration for the services to be provided by the Consultant to the Company under the terms of this Agreement, the Company agrees to grant to the Consultant upon the execution of this Agreement a non-qualified stock option (the "Option") to purchase up to the number of shares (the "Shares") of the Company's common stock (the "Common Stock") as set forth below which shall fully vest immediately upon execution of this Agreement, at an exercise price as set forth below: Number of Shares or Total Dollar Amount: $1,500,000 The lesser of: . The Thirty Day Low, or . Percentage per Share (in US$): 70% per share of the ten day closing bid average prior to the exercise date.
Compensation; Grant of Stock Option. In consideration for the services to be provided by the Consultant to the Company under the terms of this Agreement, the Company agrees to grant to the Consultant upon the execution of this Agreement a non-qualified stock option (the “Option”) to purchase up to the number of shares (the “Shares”) of the Company’s common stock (the “Common Stock”) as set forth below which shall fully vest immediately upon execution of this Agreement, at an exercise price as set forth below: Total Dollar Amount: $2,500,000 $2,500,000 of options to be registered pursuant under the Globe Tel employee stock option program as already filed and to be amended and updated with the SEC. The lesser of: • The Previous Thirty Days Average (1 month) Low, or • Percentage per Share (in US$): 75% per share of the immediately preceding five day low stock price prior to the exercise date. • Additional Compensation: Consultant shall receive a commission equal to (1&1/2 %) 1.5 percent of any calling card or debit/MasterCard. This fee will be due from any sales generated from any retailer, wholesaler or jobber introduced to Globe Tel or it’s subsidiaries by Consultant. This fee will be calculated based on the face value of the card sales and all renewals or funds added to the cards. The terms of the Option shall otherwise be set forth in a Non-Qualified Stock Option Agreement between the Company and the Consultant, substantially in the form attached as Exhibit A to this Agreement. The Company agrees to register the Shares upon signing of this agreement for resale under the Securities Act of 1933, as amended, pursuant to a registration statement filed with the Securities and Exchange Commission on Form S-8 (or, if Form S-8 is not then available, such other form of registration statement available), pursuant to the terms of such registration set forth in the Non-Qualified Stock Option Agreement
Compensation; Grant of Stock Option. In consideration for the services to be provided by the Consultant to the Company under the terms of this Agreement, the Company agrees to grant to the Consultant upon the execution of this Agreement a non-qualified stock option (the "Option") to purchase up to the number of shares (the "Shares") of the Company's common stock (the "Common Stock") as set forth below, which shall vest and be exercisable at the prices and on the terms set forth below: Number of Shares or Total Dollar Amount: $1,080,000 Exercise Price per Share: 70% of the average of the closing "bid" price for the ten (10) trading days immediately preceding the date of exercise of the option. Vesting Schedule: $180,000 in option shares shall vest immediately following the execution and delivery of this Agreement. Thereafter, $180,000 in option shares shall vest on and as of the 1st day of each of the five (5) consecutive, successive months thereafter, beginning on June 1, 2002.
