Equity Stake Clause Samples

Equity Stake. Concurrent with execution of this Agreement, Quintiles shall execute a Stock Purchase Agreement to purchase five million dollars ($5,000,000) of CVT common stock on the terms and conditions as set forth therein ("Stock Purchase Agreement"). The terms and conditions of such equity purchase, and the covenants of each Party related thereto, shall be governed solely by the Stock Purchase Agreement and the related documents executed pursuant thereto.

Equity Stake. Boxlot shall grant to theglobe, pursuant to industry- standard terms negotiated between the parties in good faith, immediately vested options to purchase shares of common stock equal to up to 4% of Boxlot's fully diluted capital stock (in accordance with the chart below). Theglobe shall be restricted from exercising such options until the first anniversary of the Effective Date, and such options shall have a five-year term. Each such option shall have an exercise price equal to the lesser of (1) the price at which Boxlot's common stock is sold to the public in an initial public offering or (2) $6 per share; each of the foregoing as may be adjusted for any stock splits, combinations or re-organizations affecting Boxlot's capital stock. Boxlot shall grant to theglobe registration rights for such options and any shares of common stock issued or issuable upon the exercise of such options (including without limitation, two demand registration rights and unlimited piggyback registration rights) on Form ▇-▇, ▇▇▇▇ ▇-▇ or such other form as may be applicable pursuant to the Securities Act of 1933 as amended. ------------------------------------------------------------------------------------------------------------------ Number of aggregate unique users, as measured by Aggregate percent of Boxlot's equity subject to the unique IP addresses, in a month who visit a page options upon achieving such level once under the Domain Name ------------------------------------------------------------------------------------------------------------------ 500,000 1% ------------------------------------------------------------------------------------------------------------------ 1,000,000 2% ------------------------------------------------------------------------------------------------------------------ 1,500,000 3% ------------------------------------------------------------------------------------------------------------------ 1,750,000 3.5% ------------------------------------------------------------------------------------------------------------------ 2,000,000 4% ------------------------------------------------------------------------------------------------------------------ ▇▇▇▇▇▇▇▇.▇▇▇, INC.: THE BOXLOT COMPANY: By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇ By: /s/ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇▇▇ Name: ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ Title: COO Title: CEO EXHIBIT A BUSINESS TERMS Description of the Service: person-to-person auctions Description of Boxlot Content: *** Domain Name for the Co-Branded Pages: ▇▇▇▇...

Equity Stake. Sky Guys’ Equity Stake shall be subject to the terms and conditions set forth in a unanimous shareholders agreement that shall be mutually negotiated and agreed upon by both of the parties hereto acting reasonably. Should the Licensee seek to sell a controlling interest in the Licensee to a third party or to sell substantially all of the assets of the Licensee to a third party, the Licensee shall pay the greater of the current Equity Stake or twenty percent (20%) of the purchase price to Sky Guys in full payment of the Equity Stake. Should the Licensee choose not to renew this Agreement at the end of the Term, the full amount of the current Equity Stake shall become immediately due and payable to Sky Guys, unless the non-renewal follows at least one renewal term, whereupon the Equity Stake shall be reduced by twenty-five percent (25%). Should the Licensee default or otherwise breach this Agreement, an amount equal to one hundred and fifty percent (150%) of the current Equity Stake shall become immediately due and payable to Sky Guys, together with such other and further remedies and damages available to Sky Guys at law and the continuance of all other obligations due and owing to Sky Guys, including but without limiting the restrictive covenants contemplated herein.

Equity Stake. The Board has approved the issuance to Hamm▇▇▇ ▇▇ an option to purchase a total of 250,000 shares of the Company's common stock (the "Options") in accordance with Company's Stock Option Plan (the "Plan"). The Plan provides that fifty (50) percent of the options vest on May 8, 1999 and the remaining fifty (50) percent of the options vest on May 7, 2000. Upon the execution of this Agreement the Options shall be amended to provide that in the event of a Change of Control of the Company, all of the options issued pursuant to the Options shall become fully vested as of the date of the Change of Control. In the event of Hamm▇▇▇'▇ death all Options shall become fully vested as of that date, and ownership shall be held by Hamm▇▇▇'▇ ▇▇▇eficiary. On December 31, 1999 the Board granted an additional 250,000 options which will vest over a 3-year period based upon performance milestones set and agreed upon by the Compensation Committee of the Board and Hamm▇▇▇.

Equity Stake. The Board has approved the issuance to Burn▇▇ ▇▇ an option to purchase a total of 500,000 shares of the Company's common stock (the "Options") in accordance with Company's Stock Option Plan (the "Plan"). The Plan provides that fifty (50) percent of the options vest on May 8, 1999 and the remaining fifty (50) percent of the options vest on May 7, 2000. Upon the execution of this Agreement the Options shall be amended to provide that in the event of a Change of Control of the Company, all of the options issued pursuant to the Options shall become fully vested as of the date of the Change of Control. In the event of Burn▇▇'▇ ▇▇▇th all Options shall become fully vested as of that date, and ownership shall be held by Burn▇▇'▇ beneficiary. On December 31, 1999 the Board granted an additional 500,000 options which will vest over a 3 year period based upon performance milestones set and agreed upon by the Compensation Committee of the Board and Burn▇▇.

Equity Stake. The Board has previously approved the issuance to ▇▇▇▇▇▇ of two separate options to purchase a total of 520,000 shares of the Company's common stock (the "Options") in accordance with the Company's Stock Option Plan (the "Plan"). The Plan provides that fifty percent of the options vest upon the completion of one year's service and the remaining fifty percent of the options vest upon the completion of the second year service. However, in the event that the Company files for bankruptcy protection pursuant to the United States Bankruptcy Code, the parties have agreed that all of the options issued pursuant to the Option shall become fully vested as of the date the Company files its Petition for Bankruptcy Protection. The Options shall be further amended to provide that in the event of a Change of Control of the Company, all of the options issued pursuant to the Options shall become fully vested as of the date of the Change in Control. A "Change in Control" is defined herein as a transaction or a series of related transactions resulting in the sale of all or substantially all of the Company's assets or a merger or consolidation, or sale or transfer of securities, which results in any entity which does not currently hold any of the outstanding voting securities of the Company (as determined immediately prior to such merger or consolidation or sale or transfer of stock) owning, directly or indirectly, thirty-three percent or more of the beneficial interest in the outstanding voting securities of the Company or the surviving corporation that controls the Company or of such surviving corporation's parent corporation (determined immediately after such merger or consolidation or sale or transfer of stock). Except as otherwise provided herein, the Option shall be subject to the terms and conditions of the Company's stock option plan and the Company's standard form of stock option agreement, as amended in accordance with this Agreement, which ▇▇▇▇▇▇ shall be required to sign as a condition to receiving the Options as provided herein.

Equity Stake. The Board has approved the issuance to Scot▇ ▇▇ an option to purchase a total of 125,000 shares of the Company's common stock (the "Options") in accordance with Company's Stock Option Plan (the "Plan"). The Plan provides that fifty (50) percent of the options vest on November 6, 1999 and the remaining fifty (50) percent of the options vest on

Equity Stake. The Company will recommend that its Board approve the issuance to ▇▇▇▇▇▇ of options to purchase 400,000 shares of the Company's common stock (the "Option") in accordance with the Company's Stock Option Plan (the "Plan"). The Plan provides that fifty percent of options vest upon the completion of one year's service and the remaining fifty percent of options vest upon the completion of the second year's service. However, in the event that the Company files for bankruptcy protection pursuant to the United States Bankruptcy Code, the parties agree that all of the options issued pursuant to the Option shall become fully vested as of the date the Company files its Petition for Bankruptcy Protection. Except as otherwise provided herein, the Option shall be subject to the terms and conditions of the Company's stock option plan and the Company's standard form of stock option agreement, which ▇▇▇▇▇▇ shall be required to sign as a condition of the issuance of the Initial Stock Option.