MERCHANT REBATES Sample Clauses

MERCHANT REBATES. (A) If through the efforts of the Consultant the Company's monthly merchant rebates (the "Merchant Rebates") (i) increase by Ten Thousand dollars ($10,000) but less than Twenty Thousand dollars ($20,000) over the average amount of merchant rebates the Company received in the trailing three month period and (ii) remain at such level for four consecutive months, then the Consultant shall be entitled to exercise a portion of the Warrant for the purchase of Forty Thousand (40,000) shares of Common stock; or (B) If through the efforts of the Consultant the Company's monthly Merchant Rebates (i) increase by Twenty Thousand dollars ($20,000) but less than Thirty Thousand dollars ($30,000) over the trailing three month period and (ii) remain at such level for four consecutive months, then the Consultant shall be entitled to exercise a portion of the Warrant for the purchase of Eighty Thousand (80,000) shares of Common stock; or (C) If through the efforts of the Consultant the Company's monthly Merchant Rebates (i) increase by Thirty Thousand dollars ($30,000) but less than Forty Thousand dollars ($40,000) over the trailing three month period and (ii) remain at such level for four consecutive months, then the Consultant shall be entitled to exercise a portion of the Warrant for the purchase of One Hundred Twenty Thousand (120,000) shares of Common stock; or (D) If through the efforts of the Consultant the Company's monthly Merchant Rebates (i) increase by Forty Thousand dollars ($40,000) but less than Fifty Thousand dollars ($50,000) over the trailing three month period and (ii) remain at such level for four consecutive months, then the Consultant shall be entitled to exercise a portion of the Warrant for the purchase of One Hundred Sixty Thousand (160,000) shares of Common stock; or (E) If through the efforts of the Consultant the Company's monthly Merchant Rebates (i) increase by Fifty Thousand dollars ($50,000) or more over the trailing three month period and (ii) remain at such level for four consecutive months, then the Consultant shall be entitled to exercise a portion of the Warrant for the purchase of Two Hundred Thousand (200,000) shares of Common stock; Pursuant to each of PARAGRAPH 4(a)(1)(ii), (iii) and (iv), only one vesting event may occur during any consecutive three-