Common use of Conversion to Equity Clause in Contracts

Conversion to Equity. At any time, EMPLOYEE can request to receive Compensation in common stock of COMPANY with COMPANY's written approval. Compensation will be paid according a warrant package currently offered by COMPANY and must be stated by an amendment to this Agreement or by a separate written agreement between COMPANY and EMPLOYEE.

Appears in 2 contracts

Sources: Employment Agreement (Implantable Vision, Inc.), Employment Agreement (Implantable Vision, Inc.)