Share Compensation. The Employee Incentive Plan, (EIP) will define bonuses to be paid for the achievement of specific goals and objectives approved by the Board of Directors. Bonus compensation may be in cash, common stock, stock options, stock grants and other elements of participation at the discretion of the Board of Directors. The Board has approved the following:
Share Compensation. 3.06 The Executive shall be eligible to receive deferred stock units, stock options or other forms of share compensation in accordance with Schedule B hereto and otherwise as the board of directors of the Corporation may determine from time to time.
Share Compensation. In consideration of the Services to be provided by Consultant, the Company shall issue to Consultant 1,250,000 shares of its common stock (the “Tandon Shares”. In addition, the Company shall reimburse Consultant for reasonable travel and other expenses Consultant incurs in connection with performing the Services. To obtain reimbursement, Consultant shall submit to the Chief Executive Officer of the Company an invoice describing expenses incurred under this Agreement. Company shall provide any documentation requirements and any travel policy restrictions to Consultant in writing in advance, or be foreclosed from relying on such requirements and restrictions to deny reimbursement. The Company shall pay to Consultant invoiced amounts within thirty (30) days after the date of invoice.
Share Compensation. The CLIENT agrees to issue Soellingen 650,000 shares, at a price of $0.075 per share, these shares to be registered in the CLIENT's first S-1 Registration Statement and all subsequent amendments thereto.
Share Compensation. The Company shall grant to the Employee the option to purchase up to Four Million (4,000,000) common shares in the capital stock of the Company at a price of $0.00001 per share as follows:
Share Compensation. The CFO Incentive Plan, (EIP) will define bonuses to be paid for the achievement of specific goals and objectives approved by the Board of Directors. Bonus compensation may be in cash, common stock, stock options, stock grants and other elements of participation at the discretion of the Board of Directors. The Board has approved the following:
Share Compensation. Five Hundred Thousand (500,000) restricted shares of Common Stock deliverable as follows:
Share Compensation. Subject to regulatory, Canadian Securities Exchange (CSE) and board approval, the Corporation may pay all or any portion of the Consulting Fee by the issuance to the Consultant of such number of common shares of the Corporation based on the weighted average trading price of the Corporation’s common shares on the CSE for a period of 30 days from the date of issuance; provided that if the CSE does not approve such pricing, the pricing shall be based on the last trading price of the Corporation’s common shares on the CSE on the date before the date of issuance. No share compensation may be issued if the Corporation is in a blackout period or if the Consultant is in possession of any material undisclosed information relating to the Corporation.
Share Compensation. In consideration of the Services to be provided by Consultant, on the Effective Date the Company shall issue to Consultant 125,000 shares of its common stock (which number shall be post any reverse stock split(s) effected by the Company prior to the Effective Date)(the “Shares”). One half of the Shares shall vest on the first anniversary date of this Agreement provided that Consultant has not terminated this Agreement prior to such date, and one half of the Shares shall vest on the second anniversary date of this Agreement, provided that Consultant has not terminated this Agreement prior to such date. In addition, the Company shall reimburse Consultant for reasonable travel and other expenses, as pre-approved in writing by the Company’s Chief Executive Officer, that Consultant incurs in connection with performing the Services. To obtain reimbursement, Consultant shall submit a pre-approval request to the Chief Executive Officer of the Company, receive a written pre-approval from the Chief Executive Officer and thereafter submit an invoice describing expenses incurred under this Agreement. The Company shall pay to Consultant approved invoiced amounts within thirty (30) days after the date of invoice.
Share Compensation. (i) Company agrees to issue Three Million (3,000,000) Class A Common Shares of Company (“Shares”) to Advisor. The Company shall cause such Shares to be issued as soon as reasonably practicable after execution of this Agreement and after the effective date of a 1-for-10 reverse split to be carried out by the Company in the second quarter of 2008.
