Common use of Compensation Structure Clause in Contracts

Compensation Structure. a) The Contractor’s compensation shall be solely in the form of Stock Appreciation Rights (SARs), subject to formal approval by the Board of Directors of EigenQ Inc. Additional compensation-related conditions may be found in Exhibit A, according to their role. b) The specific number of SARs, vesting schedule, exercise conditions, and all related terms shall be set forth exclusively in a separate SARs Agreement, which must be executed before the Contractor accrues or becomes eligible for any SARs-based compensation. c) The Contractor expressly acknowledges and agrees that this Independent Contractor Agreement (ICA) does not grant any equity rights, and any entitlement to SARs is conditional upon the execution of the SARs Agreement, subject to its terms and conditions. d) The Contractor shall not be entitled to any form of cash compensation for services rendered under this Agreement, unless explicitly authorized in a separate written agreement approved by the Board. e) No compensation of any kind, including SARs, shall be owed, granted, or accrued under this Agreement unless and until the SARs Agreement is formally approved in writing by the Board of Directors.