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.
Appears in 4 contracts
Samples: Employment Agreement (AVT, Inc.), Employment Agreement (AVT, Inc.), Employment Agreement (AVT, Inc.)
