Stock Payments Sample Clauses

Stock Payments. The parties understand that THE REGENTS' Patent Policy (effective November 18, 1985) provides that the Inventors as a group are entitled to forty-two and one-half percent (42.5%) of net royalties and fees, whether in the form of cash or equity, received by THE REGENTS for licensing of the Invention to LICENSEE. The parties further understand that THE REGENTS' Policy on Accepting Equity When Licensing University Technology (effective February 16, 1996) provides that each of the Inventors may elect to: (i) directly receive his or her share of such equity, or (ii) have THE REGENTS accept his or her share of the equity. Accordingly, with respect to any payment in the form of equity due to THE REGENTS under this Agreement, THE REGENTS shall provide written notice to LICENSEE, within thirty (30) days after the execution of this Agreement by both parties, of the manner in which THE REGENTS would like any equity payments due under this Agreement distributed.

Stock Payments. Provided that prior approval of the Company has been obtained, the Executive may use Common Stock of the Company owned by him or her 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 Payments. The Administrator is authorized to make Stock Payments to any Eligible Individual. The number or value of Shares of any Stock Payment shall be determined by the Administrator and may be based upon one or more Performance Goals or any other specific criteria, including service to the Company or any Subsidiary, determined by the Administrator. Shares underlying a Stock Payment which is subject to a vesting schedule or other conditions or criteria set by the Administrator shall not be issued until those conditions have been satisfied. Unless otherwise provided by the Administrator, a Holder of a Stock Payment shall have no rights as a Company stockholder with respect to such Stock Payment until such time as the Stock Payment has vested and the Shares underlying the Award have been issued to the Holder. Stock Payments may, but are not required to, be made in lieu of base salary, bonus, fees or other cash compensation otherwise payable to such Eligible Individual.

Stock Payments. Upon achievement of the performance goals set forth in Schedule 2.3 attached hereto, the Company shall immediately pay to the Executive the amounts specified to be paid upon satisfaction of each performance goal, such payments to be settled in common stock of the Company under the Company’s 2008 Incentive Award Plan (as amended).

Stock Payments. A stock payment of 6,000,000 Shares (Six Million Shares) of Power common restricted stock with a one year hold period in two equal installments with 3,000,000 shares to be paid upon signing of this agreement, and the remaining 3,000,000 shares to be paid upon commencing operations. Greeting Card Lotto(TM) License Agreement - Page 11 of 19 --------------------------------------------------------------------------------

Stock Payments. The Company shall pay Representative $60,000 in restricted shares of the Company’s common stock, par value $0.0001 (“Common Stock”) during the Term, payable in four (4) quarterly installments based upon the Calculated Value (defined below) and to be issued by the end of each calendar quarter in which such shares were earned (the “Stock Compensation”). Initially, the “Calculated Value” for any issuance of stock hereunder shall be the lesser of: (i) the most recent price per share set forth by the Company’s Board of Directors for issuance to consultants during such calendar quarter, or (ii) 60% of the average closing price for the Company’s shares during the five trading days immediately preceding the Valuation Date. At such time as the average trading volume of the shares in the applicable trading market exceeds 5,000 shares per day, for at least twenty business days, the Calculated Value will thereafter be determined as set forth in (ii) of this Paragraph. The Board has established the Calculated value for the first quarter of calendar 2019 to be $1.00 per share. The “Valuation Date” is the date such shares are authorized for issuance by the Company’s Board of Directors. Issuance of the shares of common stock hereunder will be subject to the following additional provisions: i) Common Stock issued hereunder shall be deemed earned upon issuance for the services provided herein. ii) The shares of Common Stock paid to Contractor as compensation are referred to herein collectively as the “Compensation Shares”. The Compensation Shares are restricted securities within the meaning of Rule 144 promulgated under the Securities Act of 1933, as amended. Furthermore, Contractor and the Company agree that the Compensation Shares shall be subject to lock-up/leak-out restrictions set forth below. EXHIBIT C – Compensation C | P a g e DocuSign Envelope ID: C3EAF9AB-A1EC-4135-988C-83D1B72B73E8 iii) Except as otherwise expressly provided herein, and except as Contractor may be otherwise restricted from selling shares of Common Stock under applicable federal or state securities laws, rules and regulations and Securities and Exchange Commission (the “SEC”) interpretations thereof, the Shareholder may only sell the Common Stock represented by the Compensation Shares subject to the following conditions, commencing on the date of this Agreement and terminating thirty-six months thereafter (the “Lock-Up Period”). (1) During the first twelve months of the Initial Lock-Up Period no s...

Stock Payments. Rubicon acknowledges that Claimstaker has caused to be issued and delivered to Rubicon one hundred thousand (100,000) shares of the common capital stock of Claimstaker Resources Ltd., a British Columbia corporation, in accordance with Sections 4 (as amended), 6 and 7 of the Letter Agreement.

Stock Payments. The Administrator is authorized to make one or more Stock Payments to any Eligible Individual. The number or value of Shares of any Stock Payment shall be determined by the Administrator and may be based upon one or more Performance Criteria or any other specific criteria, including service to the Company or any Affiliate, determined by the Administrator. Stock Payments may, but are not required to be made in lieu of base salary, bonus, fees or other cash compensation otherwise payable to such Eligible Individual.

Stock Payments. Within thirty (30) days following each of the first, second and third anniversary of the Closing Date, as defined herein, and provided that the common stock of American Education Corporation ("AEC') is publicly traded as of that anniversary date, Buyer shall cause to be transferred to Sellers the number of shares of common stock in AEC equal to the Canadian dollar value of one hundred and two percent (I 02%) of the Companies' net income before tax for the twelve month period immediately preceding such anniversary date divided by the equivalent Canadian dollar value of the closing price of the AEC stock as of such anniversary date (hereinafter referred to as the "Stock Payments"). For purposes of this (S)2(b)(ii), (i) Buyer shall compute the net income before tax using each of the Companies' internal monthly income statements for the relevant twelve (12) month period, with relevant year end adjustments to be estimated, and (ii) if the Closing Date did not occur on the last day of a calendar month, the Closing Date shall be deemed to have occurred on the last day of the first full calendar month following the Closing. The Stock Payments shall be allocated among Sellers in proportion to their respective holdings in each of the Companies as reflected in Disclosure Schedule (S)4(b).