COMPENSATION FOR THE CONSULTING ARRANGEMENT Sample Clauses

COMPENSATION FOR THE CONSULTING ARRANGEMENT. As part of the consideration for the services to be rendered under the Consulting Arrangement by Consultant and as compensation for the income he could have otherwise earned if he has not agreed to keep himself available to the Corporation hereunder, the Corporation shall pay Consultant compensation at the rate of Thirteen Thousand Seven-Hundred Fifty Dollars and 0 cents ($13,750.00) per month commencing February, 2005, and continuing each month thereafter for a total of Thirty-Six (36) months. All compensation due to Consultant under this Section 3 shall accrue until such time as the Corporation has sufficient funds.
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COMPENSATION FOR THE CONSULTING ARRANGEMENT. As consideration for the services to be rendered under the Consulting Arrangement by Consultant and as compensation for the income he could have otherwise earned if he had not agreed to keep himself available to the Corporation hereunder, the Corporation and the Consultant have agreed to the following compensation:
COMPENSATION FOR THE CONSULTING ARRANGEMENT. As full consideration for the consulting services to be provided by Consultant during the term of this Agreement, the Consultant shall receive 1,010,943 restricted shares of the Company with piggy-back registration rights on the next Registration Statement to be filed by the Company and $10,000 in cash.
COMPENSATION FOR THE CONSULTING ARRANGEMENT. As consideration for the services to be rendered under the Consulting Arrangement by Consultant and as compensation for the income Consultant could have otherwise earned if Consultant had not agreed to keep itself available to the Corporation hereunder, the Corporation shall (a) pay the Consultant a total of $425,000 which shall be paid within ten days of the Effective Date in accordance with wire instructions provided by the Consultant to the Corporation and (b) on the Effective Date, the Corporation shall issue Consultant a Warrant to purchase 1,000,000 shares of the Corporation’s common stock at $1.00 per share in the form attached hereto as Exhibit “A”.
COMPENSATION FOR THE CONSULTING ARRANGEMENT. As consideration for the services to be rendered under the Consulting Arrangement by Consultant and as compensation for the income it could have otherwise earned if it had not agreed to keep itself available to the Corporation hereunder, the Corporation will issue to the Consultant eight million (8,000,000) shares of its common stock and four million (4,000,000) shares of its Series A Anti-Dilutive Preferred Stock. Prior to this Agreement, there were twelve million (12,000,000) shares of its common stock and six million (6,000,000) shares of the Corporation's Series A Anti-Dilutive Preferred Stock outstanding, including two million (2,000,000) shares of its common stock and one million (1,000,000) shares of its Series A Anti-Dilutive Preferred Stock that have been allocated to Xxxxx & Fraade Enterprises, LLC (and/or its assignees or designees) and ten million (10,000,000) shares of the Corporation’s common stock and five million (5,000,000) shares of the Corporation’s Series A Anti-Dilutive Preferred Stock that have been allocated to members of the Corporation’s management (hereinafter referred to as “Management”). The Consultant, Management and Xxxxx & Fraade Enterprises, LLC hereby agree that any shares of the Corporation’s common stock which are issued with respect to any contemplated funding shall proportionately dilute their respective ownership in the Corporation. The total number of shares that the Corporation shall have the authority to issue is one hundred million (100,000,000) shares of common stock, having a par value of $0.00001 per share, and twelve million (12,000,000) shares Series A Anti-Dilutive Preferred Stock, having a par value of $0.0001 per share. The Corporation shall file a Registration Statement with the Securities and Exchange Commission to become a public reporting company and in order to have its stock publicly traded The Series A Anti-Dilutive Preferred Stock shall be convertible into three shares of Common Stock at the option of the holder of the Series A Anti-Dilutive Preferred Stock if, and only if the following conditions have been met: (i) the Series A Anti-Dilutive Preferred Stock has been held by the holder for at least twelve (12) months; (ii) the Corporation has a minimum bid price of $0.10 per share; and (iii) the Corporation has at least 100 shareholders. It is hereby understood that the Consultant intends to utilize the services of subcontractors and it may share its compensation with such subcontractors.
COMPENSATION FOR THE CONSULTING ARRANGEMENT. As part of the consideration for the services to be rendered under the Consulting Arrangement by Consultant and as compensation for the income he could have otherwise earned if he had not agreed to keep himself available to the Corporation hereunder, the Corporation issue to the Consultant 50,000 shares of common stock, $.001 par value per share.
COMPENSATION FOR THE CONSULTING ARRANGEMENT. As full consideration for the consulting services to be provided by Consultant during the term of this Agreement, the Company shall immediately issue to Consultant 1,000,000 shares of the Initials DG -- Company's free-trading common stock or resticted stock with piggybank or demand registration rights.
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COMPENSATION FOR THE CONSULTING ARRANGEMENT. As consideration for the services to be rendered by Consultant under this Consulting Arrangement and as compensation for the income it could have otherwise earned if it had not agreed to keep itself available to the Corporation hereunder, the Corporation will issue to the Consultant twenty-five million (25,000,000) shares of its common stock. The Corporation will have the option to cancel this Agreement as of December 31, 2011. In the event that the Corporation elects to cancel this Agreement as of December 31, 2011, the Consultant will be obligated to return seven million (7,000,000) shares of common stock of the twenty-five million (25,000,000) shares of common stock, that is to be issued to the Consultant under this Agreement, to the Corporation’s Treasury. Prior to this Agreement, there were forty-eight million (48,000,000) shares (post-split) of Corporation’s common stock outstanding (including eight million (8,000,000) shares to be allocated to three individuals who will serve as Directors of the Corporation). The Corporation does not have any (i) subscriptions, options, warrants, rights or other agreements outstanding to acquire from the Corporation shares of stock of the Corporation or any other equity security or security convertible into an equity security of the Corporation, or (ii) agreements or commitments to increase, decrease or otherwise after the authorized capital stock of the Corporation aside from the following performance bonus shares to be awarded to the Corporation’s Management upon the achievement of the following milestones: Revenues Common Stock Award 2012 $ 9,000,000 3,000,000 2013 $ 15,000,000 3,000,000 2014 $ 19,000,000 3,000,000 2015 $ 23,000,000 3,000,000 The total number of shares that the Corporation shall have the authority to issue is two hundred fifty million (250,000,000) shares of common stock, having a par value of $0.00001 per share.
COMPENSATION FOR THE CONSULTING ARRANGEMENT. As full consideration for the consulting services to be provided by Consultant during the term of this Agreement, the Company shall immediately issue to Consultant 250,000 shares of the Company's free-trading common stock, 150,000 shares of restricted common stock to be registered with the next SB-2 Registration Statement filed with the SEC and an additional 500,000 shares of free-trading common stock when the corporation receives a Exclusive License Agreement with Visit Florida for orange and grapefruit juice and lemonade.
COMPENSATION FOR THE CONSULTING ARRANGEMENT. As consideration for the services to be rendered under this Consulting Arrangement by Consultant, the Corporation hereby agrees to issue to the Consultant, or its designees as set forth on Exhibit A, which is attached hereto and made a part hereof, 1,268,245,476 shares (the "Shares") of common stock, par value $.001, of the Corporation subject to the Corporation amending its certificate of incorporation to increase its authorized common stock.
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