Compensation and Expense. REIMBURSEMENT ------------------------------------------- Concurrently with the execution hereof, the Company shall grant and issue to Consultant the option to purchase 65,000,000 shares of $.0001 par value common stock of the Company (the "Shares") which shall be registered with the United States Securities and Exchange Commission and applicable state securities agencies so as to enable the Shares to be freely saleable and tradable in the public securities markets. The Company shall use its best and diligent efforts to maintain all SEC and other registrations so as to enable said Shares to be fully saleable and tradable for a period of five (5) years from the date hereof. The option shall have an exercise price of $0.000923 per share, and shall expire on November 30, 2005 at 5:00 P.M. C.S.T. Consultant in providing the foregoing services shall be reimbursed for any pre-approved out-of-pocket costs, including, without limitation, travel, lodging, telephone, postage and over night shipping charges. The Company also agrees that if the Shares fail to attain a market price of $60,000 for five (5) separate trading days during a period of five (5) years from the date of Consultant's exercise of the option; then the Company shall issue a supplemental option to Consultant for additional Shares at the exercise price set forth in the initial option, upon the written demand of Consultant to the Company. If the Company fails to issue the supplemental option within five (5) days from the date of Consultants written demand notice, then it immediately shall pay to Consultant liquidated damages of $60,000.
Compensation and Expense. In consideration for your execution of this Agreement and for the performance of your obligations hereunder, the Company agrees to pay you as follows:
Compensation and Expense. For all services rendered by Executive to the Company, the Company shall compensate the Executive as follows:
Compensation and Expense. The last sentence of Section 6(b) is hereby deleted in its entirety and the following sentence is substituted in lieu thereof: “In consideration of the Administrative Services and performance of all other obligations under this Agreement by the Company, ACIM will pay the Company a fee (the “Administrative Services Fee”) equal to 25 basis points (0.25%) per annum of the average aggregate amount invested by the Company under this Agreement.”
Compensation and Expense. Compensation for services rendered by members of the Joint Arbitration Board may be fixed, determined and paid by the respective appointing entity. Expenses incurred by the Board, outside of compensation to its members, in carrying out its functions shall be borne equally by the Union and the Association.
Compensation and Expense. REIMBURSEMENT ----------------------------------------- Concurrently with the execution hereof, the Company shall issue to Consultant 50,000,000 shares of $.001 par value common stock of the Company (the "Shares") which shall be registered with the United States Securities and Exchange Commission and applicable state securities agencies so as to enable the Shares to be freely saleable and tradable in the public securities markets. The Company shall use its best and diligent efforts to maintain all SEC and other registrations so as to enable said Shares to be fully saleable and tradable for a period of five (5) years from the date hereof. Consultant in providing the foregoing services shall be reimbursed for any pre-approved out-of-pocket costs, including, without limitation, travel, lodging, telephone, postage and over night shipping charges.
Compensation and Expense. The Trustee shall receive the following as compensation for its services hereunder, and as payment for all its costs, fees and expenses incurred in connection with the administration of the Trust Estate (including legal fees and expenses):
Compensation and Expense. REIMBURSEMENT Concurrently with the execution hereof, the Company shall grant and issue to Consultant 5,000,000 shares of $.001 par value capital voting stock ("Shares"); and a warrant to purchase 5,000,000 Shares which Shares shall be registered with the United States Securities and Exchange Commission and applicable state securities agencies so as to enable the Shares to be freely saleable and tradable in the public securities markets. The Company shall use its best and diligent efforts to maintain all SEC and other registrations so as to enable said Shares to be fully saleable and tradable for a period of five (5) years from the date hereof. The warrant shall have a purchase price of $0.022 per share, and shall expire on January 31, 2007 at 5:00 P.M. C.S.T. Consultant in providing the foregoing services shall be reimbursed for any pre-approved out-of-pocket costs, including without limitation, travel, lodging, telephone, postage and overnight shipping charges. The Company also agrees that if the aggregate Shares fail to attain a market price of $110,000 for five (5) separate trading days during a period of five (5) years from the date of Consultant's exercise of the warrant; then the Company shall issue a supplemental warrant to Consultant for additional Shares at the purchase price set forth in the initial warrant, upon written demand of Consultant to the Company. If the Company fails to issue the supplemental warrant within five (5) days from the date of Consultants written demand notice, then the Company immediately shall pay to Consultant liquidated damages of $110,000.
Compensation and Expense. (a) The Custodian acknowledges receipt on the date hereof of:
