Common use of Stock Bonus Clause in Contracts

Stock Bonus. Executive will be entitled to two million (2,000,000) shares of the Company's Common Stock at his completion of twelve (12) months of service under this contract. These shares shall be issued at the first opportunity after Executive has completed the first twelve (12) months of service as Corporate Controller when there are sufficient authorized shares to do so. These shares shall vest to the Executive at a rate of one twelfth per month starting as of July 1, 2000.

Appears in 1 contract

Samples: 15 Executive Employment Agreement (Platforms Wireless Internatonal Corp)

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Stock Bonus. Executive will be entitled to two nine million (2,000,0009,000,000) shares of the Company's Common Stock common stock at his the completion of the first twelve (12) months of service under this contract. These shares shall be issued at the first opportunity after Executive has completed the first twelve (12) months of service under this contract as Corporate Controller Chief Executive Officer when there are sufficient shares authorized shares to do so. These shares shall vest to the Executive at a rate of one twelfth per month starting as of July 1, 2000.

Appears in 1 contract

Samples: Executive Employment Agreement (Platforms Wireless Internatonal Corp)

Stock Bonus. Executive will be entitled to two four million five hundred thousand (2,000,0004,500,000) shares of the Company's Common Stock common stock at his the completion of the first twelve (12) months of service under this contract. These shares shall be issued at the first opportunity after Executive has completed the first twelve (12) months of service under this contract as Corporate Controller Chief Financial Officer when there are sufficient shares authorized shares to do so. These shares shall vest to the Executive at a rate of one twelfth per month starting as of July 1, 2000.

Appears in 1 contract

Samples: Executive Employment Agreement (Platforms Wireless Internatonal Corp)

Stock Bonus. Executive will be entitled to two seven million (2,000,0007,000,000) shares of the Company's Common Stock at his completion of twelve the first (12) twelve months of service under this contract. These shares shall will be issued at the first opportunity after Executive has completed the first twelve (12) months of service as Corporate Controller President when there are sufficient authorized shares to do so. These shares shall vest to the Executive at a rate of one twelfth per month starting as of July 1, 2000.

Appears in 1 contract

Samples: Executive Employment Agreement (Platforms Wireless Internatonal Corp)

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Stock Bonus. Executive will be entitled to two three million (2,000,0003,000,000) shares Shares of the Company's Common Stock at his completion of twelve (12) months of service under this contract. These shares shall will be issued at the first opportunity after Executive has completed the first twelve (12) months of service as Corporate Controller Vice President, Business Development when there are sufficient authorized shares to do so. These shares shall vest to the Executive at a rate of one twelfth per month starting as of July 1, 2000.

Appears in 1 contract

Samples: 12 Executive Employment Agreement (Platforms Wireless Internatonal Corp)

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