Stock Payment. Buyer shall issue 545,000,000 shares of its common stock (valued at $10,900,000 at $0.02 per share) in seven (7) certificates:
Stock Payment. The Board of Directors, in its sole discretion, may allow Employee to use Common Stock of the Company owned by him to make any required payments by delivery of stock certificates in negotiable form which are effective to transfer good and valid title thereto to the Company, free of any liens or encumbrances. Shares of Common Stock used for this purpose shall be valued at the Fair Market Value. Notwithstanding the foregoing, the Company shall have the right to reject payment in the form of Common Stock if in the opinion of counsel for the Company, (i) it could result in an event of "recapture" under Section 16(b) of the Securities Exchange Act of 1934; (ii) such shares of Common Stock may not be sold or transferred to the Company; or (iii) such transfer could create legal difficulties for the Company.
Stock Payment. Provided that prior approval of the Committee has been obtained, the Employee may use Common Stock of the Company owned by him to pay the purchase price for the Option Shares by delivery of stock certificates in negotiable form which are effective to transfer good and valid title thereto to the Company, free of any liens or encumbrances. Shares of Common Stock used for this purpose shall be valued at the Fair Market Value.
Stock Payment. If not prohibited by applicable law, the Committee may issue unrestricted shares of Common Stock, alone or in tandem with other Awards, in such amounts and subject to such terms and conditions as the Committee shall from time to time in its sole discretion determine; provided, however, that to the extent Section 409A of the Code is applicable to the grant of unrestricted shares of Common Stock that are issued in tandem with another Award, then such tandem Awards shall conform to the requirements of Section 409A of the Code. A Stock Payment may be granted as, or in payment of, a bonus (including, without limitation, any compensation that is intended to qualify as “performance-based compensation” for purposes of Section 162(m) of the Code), or to provide incentives or recognize special achievements or contributions.
Stock Payment. The Company, in its sole discretion, may allow Employee to use Common Stock of the Company owned by him to make any required payments by delivery of stock certificates in negotiable form which are effective to transfer good and valid title thereto to the Company, free of any liens or encumbrances. Shares of Common Stock used for this purpose shall be valued at the Fair Market Value.
Stock Payment. 17 subsidiary..................................................17 Subsidiary..................................................17
Stock Payment. In recognition of prior and current services performed, CLIENT will grant CONSULTANT One Hundred Sixty Six Thousand Six Hundred Sixty Seven (166,667) Options to purchase CLIENT common stock at a price of $0.50 per share and exercisable in accordance with the attached schedule as approved by CLIENT Board of Directors..
Stock Payment. The Committee, in its sole discretion, may allow Consultant to use Common Stock of the Company owned by him to make any required payments by delivery of stock certificates in negotiable form which are effective to transfer good and valid title thereto to the Company, free of any liens or encumbrances. Shares of Common Stock used for this purpose shall be valued at the Fair Market Value.
Stock Payment. Purchaser shall issue the Escrow Shares to Seller or its nominee(s) in accordance with the following:
Stock Payment. The Company shall pay the Consultant the equivalent of $3,500.00 per week in Common Stock. If the Consultant works more than 45 hours in a week, the Stock Payment shall be increased by $87.50 for each hour exceeding 45. The Stock Payment shall be paid at the same time as the Cash Payment, and the number of shares to be delivered shall be calculated based on the average of the closing prices for the stsock for the 5 trading days immediately preceeding the payment date. The shares delivered shall be registered and freely tradeable.
