Common use of Founder Stock Clause in Contracts

Founder Stock. Executive shall be granted 4,000 shares of the Company’s common stock ( of 100,000 shares currently authorized of which 75,000 shares have been issued) representing Founder Stock in consideration for payment of $4.00 and the Executive’s contributions towards the establishment of the Company. Said Founders Stock shall be issued to Executive within 60 (sixty) days of the date of execution of this agreement. Executive’s Founder Share ownership is subject to the following conditions during the 36 month term of this Agreement:

Appears in 1 contract

Samples: Director and Executive Employment Agreement (Superior Silver Mines Inc)

AutoNDA by SimpleDocs

Founder Stock. Executive shall be granted 4,000 2,500 shares of the Company’s common stock ( (of 100,000 shares currently authorized of which 75,000 shares have been issued) stock representing Founder Stock in consideration for payment of $4.00 $ 2.50 and the Executive’s contributions towards the establishment of the Company. Said Founders Stock shall be issued to Executive within 60 (sixty) days of the date of execution of this agreement. Executive’s Founder Share ownership is subject to the following conditions during the 36 month term of this Agreement:

Appears in 1 contract

Samples: Executive Employment Agreement (Superior Silver Mines Inc)

Founder Stock. Executive shall be granted 4,000 15,000 shares of the Company’s common stock ( (of 100,000 shares currently authorized of which 75,000 shares have been issued) ), representing Founder Stock in consideration for payment of $4.00 15.00 and the Executive’s contributions towards the establishment of the Company. Executive’s Founder Shares. Said Founders Founder Stock shall be issued to Executive within 60 (sixty) days of the date of execution of this agreementAgreement. Executive’s Ownership of the Founder Share ownership Stock is subject to the following conditions during the 36 month term of this Agreement:

Appears in 1 contract

Samples: Executive Employment Agreement (Superior Silver Mines Inc)

Founder Stock. Executive shall be granted 4,000 16,000 shares of the Company’s common stock ( (of 100,000 100.000 shares currently authorized of which 75,000 shares have been issued) ), representing Founder Stock in consideration for payment of $4.00 16.00 and the Executive’s contributions towards the establishment of the Company. Executive’s Founder Shares. Said Founders Founder Stock shall be issued to Executive within 60 (sixty) days of the date of execution of this agreementAgreement. Executive’s Ownership of the Founder Share ownership Stock is subject to the following conditions during the 36 month term of this Agreement:

Appears in 1 contract

Samples: Executive Employment Agreement (Superior Silver Mines Inc)

AutoNDA by SimpleDocs

Founder Stock. Executive shall be granted 4,000 20,000 shares of the Company’s common stock ( (of 100,000 shares currently authorized of which 75,000 shares have been issued) representing Founder Stock in consideration for payment of $4.00 20.00 and the Executive’s contributions towards the establishment of the Company. Said Founders Stock shall be issued to Executive within 60 (sixty) days of the date of execution of this agreement. Executive’s Founder Share ownership is subject to the following conditions during the 36 month term of this Agreement:

Appears in 1 contract

Samples: Employment Agreement (Superior Silver Mines Inc)

Founder Stock. Executive shall be granted 4,000 15,000 shares of the Company’s common stock ( (of 100,000 shares currently authorized of which 75,000 shares have been issued) representing Founder Stock in consideration for payment of $4.00 15.00 and the Executive’s contributions towards the establishment of the Company. Said Founders Stock shall be issued to Executive within 60 (sixty) days of the date of execution of this agreement. Executive’s Founder Share ownership is subject to the following conditions during the 36 month term of this Agreement:

Appears in 1 contract

Samples: Director and Executive Employment Agreement (Superior Silver Mines Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.