Consideration for Assignment. In consideration for the rights which Assignee shall receive pursuant to this Assignment: (a) Empyrean Diagnostics, Ltd, shall transfer to Assignor one hundred thousand (100,000) shares of its restricted common stock (the "Stock"); and (b) Assignee shall pay to Assignor five percent (5%) of all net sales of the products in Canada pursuant to the Distribution Agreement. Royalties to be paid quarterly, 30 days after the end of each quarter. "Net sales" shall be defined as the total gross sales of the products to be sold pursuant to the Distribution Agreement at the invoice selling price, net of normal and reasonable cash, trade and quantity discounts and returns for credit, and without deductions for costs incurred in manufacturing, selling, distributing or advertising or for uncollectible accounts.
Consideration for Assignment. In consideration for the assignment of the rights of Optron, Xxxxxxxx and US Nuclear to Xxxxxxxxx under the SPA, Xxxxxxxxx had agreed to perform the respective duties and obligations of Optron, Xxxxxxxx and US Nuclear under the SPA. The Parties acknowledge that the consideration was sufficient and adequate, and performed by the Parties with no qualification or objection.
Consideration for Assignment. Assignor and Assignee represent and warrant that there are no additional payments of rent or any other consideration of any type which has been paid or is payable by Assignee to Assignor in connection with the Assignment.
Consideration for Assignment. Prior to the City's approval of any assignment pursuant to Section 18.03, Developer shall certify to the City that the consideration paid for the transfer of any of Developer's interest in this Agreement or the Property does not exceed an amount representing the actual cost (including carrying charges) incurred by Developer for the purchase of the Property and the construction of any Improvements on the Property (or allocable to the part or interest transferred); it being the intent of this Section to preclude assignment of this Agreement or transfer of the Property for profit prior to the issuance of the Certificate of Completion. In the event Developer transfers any such interest at a profit, said profit shall belong to and forthwith be paid to the City.
Consideration for Assignment. The Board and/or its designee recognizes that it is desirable, in effectuating an assignment, to consider the interest, abilities, and aspirations of the teacher. The Board and/or its designee, in making assignments of staff members to positions in the various schools of the District, will apply the following criteria, which are listed in order of priority:
Consideration for Assignment. At COMPANY’s option the COMPANY may pay LICENSOR for the execution and delivery of the ASSIGNMENT of the PATENT RIGHTS, under SECTION 2. GRANT OF RIGHTS, Subparagraph 2.8 Transfer of Ownership, as set forth therein, as the Consideration for ASSIGNMENT (i) two million five-hundred thousand dollars ($2,500,000);(ii) six hundred forty seven thousand five hundred (647,500) shares of common stock of Midwest Energy Emissions Corp. (such shares the “ADDITIONAL LICENSOR SHARES”) to LICENSOR; and two-hundred seventy seven thousand five hundred (277,500) shares of common stock of Midwest Energy Emissions Corp. (such shares the “ADDITIONAL INENTOR SHARES”) to each INVENTOR, such shares issued to each INVENTOR in accordance with the table immediately following. INVENTOR name Number of shares of common stock of Midwest Energy Emissions Corporation Percentage of issuance of shares of common stock of Midwest Energy Emissions Corporation Xxxx Xxxxxxx 94,350 34 % Xx Xxxxx 94,350 34 % Xxxx Xxxxxx 83,250 30 % Ye Zhaung 5,550 2 % The common stock component of the Consideration shall be issued within 30 days of the date of ASSIGNMENT. Such payment may be executed at any time beginning January 1, 2015, and its acceptance will not be withheld by LICENSOR. Upon payment of the cash consideration, LICENSOR must execute an ASSIGNMENT of the PATENT RIGHTS to COMPANY for the INTELLECTUAL PROPERTY associated with Appendix A attached. The common stock component of the Consideration shall be subject to the RECIPIENT AGREEMENT, and shall be fully paid and non-assessable.
Consideration for Assignment. The Assignee agrees to pay Global Trading Associates for the remaining balance owed on the Purchase Order for the manufacturing and delivery of the remaining Five Thousand (5,000) Frostmourne Swords the total amount due and payable is $296,218.25 in the following payment schedule as follows:
Consideration for Assignment. 2.1 As consideration for the assignment of the Inventions and the Technology, and in addition to his assumption of certain obligations under paragraph 1.3 hereof, Dr. Xxxxx xxx entered into the Termination and Release Agreements pursuant to which he has released LXR from certain obligations and claims and has agreed to a termination of the Consulting Agreement dated July 29,
Consideration for Assignment a) BUYER will pay to SELLER the total amount of $65,000 (sixty-five-thousand US dollars) in cash to reimburse SELLER for Trident development and marketing costs incurred prior to the date of this agreement. Payment schedule will be in the form of waiver of $30,000 (thirty-thousand US dollars) in advances made to SELLER in April 2007 prior to this agreement, plus cash payments of $12,500 (twelve-thousand-five-hundred US dollars) on May 20, 2007, $12,500 (twelve-thousand-five-hundred US dollars) on June 10, 2007, and $10,000 (ten-thousand US dollars) on June 30, 2007.
Consideration for Assignment. 5.1 In consideration of the assignment and transfer of the Licensed Technology, Forbes shall deliver to UBC the sum of U.S. $83,000, payable in two tranches as follows:
