Compensation Shares. The compensation for the Services rendered by the Contractor pursuant to this Agreement shall be payable in 1,500,000 shares of the Company's common stock to be registered pursuant to a registration statement on Form S-8 (the “Compensation Shares”) for the Term, payable by July 3, 2006.
Compensation Shares. The compensation for agreeing to enter into this Agreement and provide the Services to be rendered by the Contractor pursuant to this Agreement shall be payable in 2,000,000 shares of the Company's common stock, pro-rated over 365 days, and issuable upon completion of the (the “Compensation Shares”) Term. Issuance of the Compensation Shares shall be subject to Consultant executing a subscription agreement in a form approved by the Company.
Compensation Shares. The compensation for the agreeing to enter into this agreement and provide the Services shall be payable in 50,000 restricted shares of the Company's common stock (the "Compensation Shares").
Compensation Shares. Executive shall receive such number of restricted shares of the Company’s common stock as is equal to $25,000, based upon the average closing price for the ten (10) trading days immediately preceding each of the following dates: March 31, 2009; June 30, 2009; September 30, 2009; and December 31, 2009 (the “Compensation Shares”). During the time when Executive is employed by the Company, and for a period of 5 years thereafter, Executive shall limit Executive’s (or any affiliate of Executive) daily sale of the Compensation Shares (or any additional shares received from the Company as compensation) to no more than 5% of the average daily volume of the Company’s common stock as quoted on wxx.xxxxxxxxxx.xxx based upon the average trading volume for the previous 30 trading days.
Compensation Shares. In the event that, from time to time, the Board of Directors, in its sole discretion, determines that the Company does not have adequate financial resources to fully compensate the Employee in cash, then the Company's obligation to pay such compensation will be satisfied by the issuance to the Employee of shares of the common stock of Tirex America, Inc., $.001, par value, per share ("Compensation Shares"), which shares shall constitute compensation pursuant to the terms of this Employee Agreement.
Compensation Shares. In consideration of the Employee entering into this Agreement and continuing in such employment for a period of at least one year, the Company also agrees to pay the Employee one million (1,000,000) common shares (the "Compensation Shares") in the capital of the Company. Upon or as soon as is practical after the issuance of the last tranche of the Compensation Shares, the Company will file a form S-8 or other appropriate form with the SEC to effect registration. The Shares shall vest as to 250,000 shares on each of the following dates ("Vesting Dates"):
Compensation Shares. The Compensation Shares issuable upon exercise of the Compensation Options have been, or prior to the Closing Time will be, duly and validly authorized, created and allotted for issuance, and, upon exercise of the Compensation Options in accordance with their terms, the Compensation Shares will be validly issued as fully paid and non-assessable Common Shares.
Compensation Shares. The compensation for agreeing to enter into this Agreement and provide the Services to be rendered by the Contractor pursuant to this Agreement shall be payable in 150,000 shares of the Company's common stock (the "Compensation Shares") issuable at the beginning of every year served during the Term of this Agreement, with 150,000 for the first year having already been issued.
Compensation Shares. CAT shall reserve for issuance an additional 12,000,000 shares of CAT common stock for employees of and consultants for MedCom as consideration and compensation for their efforts in effecting the transaction covered by this Agreement. Such shares shall be restricted shares but shall be covered by the CAT registration statement being filed for the restricted shares issued under this Agreement to the MedCom stockholders if issued prior to the effective date thereof.
Compensation Shares. As compensation for the carrying out of the Director's duties as a member of the board of directors of the Company pursuant to this Agreement, the Company agrees to issue an aggregate of 125,000 shares of the Company's common stock (the "Compensation Shares") as follows: 10,500 of the Compensation Shares shall vest at the end of each month commencing on the first month end after the Director is appointed in accordance with Section 1.1 of this Agreement. The Company will issue the Compensation Shares as fully paid and non-assessable at such time as the Company's Board of Directors, acting reasonably, is satisfied that full value has been received for the Compensation Shares. The Director agrees that he will have to execute all necessary documents before the Company will issue the Compensation Shares, including the Subscription Agreement attached hereto Exhibit A. After the first year of the Effective Date of this Agreement, the Company agrees that it will, if permitted by applicable securities laws, issue the Compensation Shares in connection with the filing, with the Securities and Exchange Commission (the "SEC"), of a registration statement on Form S-8 or register the resale of the Compensation Shares, by filing with the SEC, a registration statement on Form S-8.
