Employment and Consulting Contracts. For three years after the Closing, the Company shall have a unanimous approval from the Compensation Committee that any awards other than salary are usual, appropriate and reasonable for any officer, director or consultants whose compensation is more than $100,000 per annum. This Section 6.17 does not apply to attorneys, accountants and other persons who provide professional services to the Company.
Appears in 2 contracts
Samples: Securities Purchase Agreement (China Wind Systems, Inc), Securities Purchase Agreement (Lincoln International Corp)
Employment and Consulting Contracts. For three years after the Closing, the Company shall must have a unanimous approval from the Compensation Committee of the Board of Directors having reached a conclusion that any awards other than salary are usual, appropriate and reasonable for any officer, director or consultants whose compensation is more than $100,000 per annum. This Section 6.17 does not apply to attorneys, accountants and other persons who provide professional services to the Company.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Jordan 1 Holdings Co), Securities Purchase Agreement (Tricell Inc)
Employment and Consulting Contracts. For three years after the initial Closing, the Company shall have a unanimous obtain approval from the Compensation Committee Board of Directors that any awards other than salary are usualcustomary, appropriate and reasonable for any officer, director or consultants whose compensation is more than $100,000 per annum. This Section 6.17 6.15 does not apply to attorneys, accountants and other persons who provide professional services to the Company.
Appears in 1 contract
Samples: Securities Purchase Agreement (China Golf Group, Inc.)
Employment and Consulting Contracts. For three years after the Closing, the Company shall must have a unanimous approval from the Compensation Committee of the Board of Directors having reached a conclusion that any awards other than salary are usual, appropriate and reasonable for any officer, director or consultants whose compensation is more than $100,000 per annum. This Section 6.17 does not apply to attorneys, accountants and other persons who provide professional services to the Company.. SECURITIES PURCHASE AGREEMENT
Appears in 1 contract
Samples: Securities Purchase Agreement (Science Dynamics Corp)
Employment and Consulting Contracts. For three years after the Closing, the Company shall must have a unanimous approval from the Compensation Committee of the Board of Directors having reached a conclusion that any awards other than salary are usual, appropriate and reasonable for any officer, director or consultants whose compensation is more than $100,000 per annum. This Section 6.17 6.18 does not apply to attorneys, accountants and other persons who provide professional services to the Company.
Appears in 1 contract
Samples: Securities Purchase Agreement (Franklyn Resources Iii Inc)
Employment and Consulting Contracts. For three years after the Closing, the Company shall have a unanimous approval from the Compensation Committee that any awards other than salary are usual, appropriate and reasonable for any officer, director or consultants whose compensation is more than $100,000 per annum. This Section 6.17 does not apply to attorneys, accountants and other persons who provide professional services to the Company.. SECURITIES PURCHASE AGREEMENT BETWEEN CHINA EDUCATION ALLIANCE, INC. AND XXXXXX PARTNERS LP
Appears in 1 contract
Samples: Securities Purchase Agreement (China Education Alliance Inc.)
Employment and Consulting Contracts. For three years after the Closing, the Company shall have a unanimous approval from the Compensation Committee that any awards other than salary are usual, appropriate and reasonable for any officer, director or consultants whose compensation is more than $100,000 per annum. This Section 6.17 does not apply to attorneys, accountants and other persons who provide professional services to the Company.. SECURITIES PURCHASE AGREEMENT BETWEEN MALEX, INC. AND XXXXXX PARTNERS LP PAGE 24
Appears in 1 contract
Employment and Consulting Contracts. For three years after the Closing, the Company shall have a unanimous obtain approval from the Compensation Committee majority of the independent directors of the Board of Directors that any awards other than salary are usualcustomary, appropriate and reasonable for any officer, director or consultants whose compensation is more than $100,000 per annum. This Section 6.17 6.20 does not apply to attorneys, accountants and other persons who provide professional services to the Company. This section shall only apply for so long as that the Investors shall continue to beneficially own in the aggregate at least 20% of Series B Preferred Sock issued hereunder.
Appears in 1 contract
Samples: Series B Convertible Preferred Stock Purchase Agreement (Entech Environmental Technologies Inc)
Employment and Consulting Contracts. For three years after the Closing, the Company shall have a unanimous approval from the Compensation Committee that any awards other than salary are usual, appropriate and reasonable for any officer, director or consultants whose compensation is more than $100,000 per annum. This Section 6.17 6.12 does not apply to attorneys, accountants and other persons who provide professional services to the Company.
Appears in 1 contract
Samples: Securities Purchase Agreement (Biostar Pharmaceuticals, Inc.)
