Incentive Grant. 4.4 ADVANCEMENT ON THE SALARY SCHEDULE......................................................................................... 4.5 REIMBURSEMENT FOR ADDITIONAL TEACHING CERTIFICATION AREAS................................................. 4.6 ADDITIONAL CERTIFICATIONS AND COMPENSATION............................................................................... 4.7
Incentive Grant. 4.3.1 The Board of Education may identify one or more instructional areas in which there is a critical need for certificated staff. In addition, the Board of Education may require certain specific qualifications.
Incentive Grant. In accordance with the provisions of the Xxxxxx Bros. Co. 2007 Omnibus Plan (the “Omnibus Plan”), upon full execution of this Agreement, Xxxxxxxx shall be granted fifty thousand (50,000) non-qualified stock options at an exercise price equal to the closing price of the Company’s common stock on the grant date (the “Incentive Grant”).
Incentive Grant. In accordance with the provisions of the Xxxxxx Bros. Co. 2007 Omnibus Plan (the “Omnibus Plan”), upon full execution of this Agreement or, if such day falls within a blackout period under the Company’s Xxxxxxx Xxxxxxx Policy (“Blackout Period”), on the first business day following the end of such Blackout Period, Xxxxx shall be granted fifty thousand (50,000) non-qualified stock options with a seven (7) year term at an exercise price equal to the closing price of the Company’s common stock on the grant date (the “Incentive Grant”).
Incentive Grant. Provided that the CDC has not terminated or initiated termination of this Agreement under Section 2.02, the CDC hereby approves the payment of the Incentive Grant to the Developer, which shall be paid to Developer within 30 days after Developer timely obtains a Certificated of Occupancy for the Hotel Project.
Incentive Grant. The CITY hereby agrees to grant to X.X. XXXXXX from the EDIRF the total amount of not to exceed $100,000.00, subject to the terms and conditions of this Agreement. Payments to X.X. XXXXXX from the not to exceed amount shall be made in the form of reimbursements for expenditures X.X. XXXXXX or an Affiliate has made for the purchase of furniture, fixtures, machinery and equipment used at the New Facility, or for training expenses of persons employed at the New Facility. X.X. XXXXXX shall first become eligible for reimbursements up to the not to exceed amount upon its certification that it initially has (1) met the Minimum Employment Requirement; and (2) met the Minimum Salary Requirement. Subsequent to attaining eligibility for reimbursements, X.X. XXXXXX shall be entitled to reimbursement for expenditures made prior to achieving eligibility for reimbursements so long as the expenditures for which it seeks reimbursement are eligible expenditures that were made subsequent to January 1, 2010. X.X. XXXXXX must submit its requests for reimbursement for the full $100,000.00 by no later than December 31, 2011, and must do so on the form attached hereto and marked as Exhibit A.
Incentive Grant. Provided that the Company has fully made the Capital Investment and has otherwise completed the Facility by the Completion Date, the City shall, on or prior to the Incentive Grant Disbursement Date (hereinafter defined) pay and disburse to the Authority the Incentive Grant (or the applicable portion thereof required to be disbursed to the Company in accordance with the terms of the XXX Xxxxx Agreement). Within thirty (30) days of the receipt of the same (or the applicable portion thereof required to be disbursed to the Company in accordance with the terms of the XXX Xxxxx Agreement), the Authority will disburse and pay the Incentive Grant directly to the Company in accordance with the Terms of the XXX Xxxxx Agreement in three (3) installments and over a thirty six (36) month period, with the first such disbursement to occur on a date which is one (1) year from the Completion Date (the “Incentive Grant Disbursement Date”) and each subsequent disbursement occurring on each subsequent anniversary of the Incentive Grant Disbursement Date.
Incentive Grant. The Company shall, upon execution of this Agreement by the Employee, issue 300,000 shares of restricted Common Stock of the Company to the Employee. Such grant shall be reflected by a restricted stock agreement, executed by the parties, that shall provide that such shares shall vest upon the earlier of (i) January 31, 2004 or (ii) the occurrence of a Change in Control, and that all unvested shares shall be forfeited to the Company upon termination of employment of the Employee for any reason.
Incentive Grant. As compensation for the execution off this Agreement by Director, the Company shall cause to be issued to Red River a one-time UniCoin Award Agreement, which shall entitle Red River to receive an aggregate of twenty million (20,000,000) cryptocurrency tokens, known as UniCoins, which are being developed by the Company, at such time as such UniCoins are technologically and legally capable of being issued, consisting of (i) fifteen million (15,000,000) UniCoins for commencement of services as a Director under this Agreement, and (ii) five million (5,000,000) UniCoins for services at Middle East conferences to be completed by March 31, 2022. As soon as possible, the Company shall undertake to complete an independent valuation of UniCoins, and provide Director with a choice regarding whether to receive an interest in the UniCoins as property, or as an option to acquire such property.
Incentive Grant. Except as otherwise provided in this subparagraph 4(b)(ii), notwithstanding anything to the contrary herein, the Incentive Grant shall expire on June 30, 2005 if, for any reason, the Company has not closed a financing(s) and/or Corporate Payment transaction (as that term is defined in the Employment Agreement) with gross proceeds of at least five million dollars ($5 million) on or prior to such date. If the Company does close a financing(s) described above prior to June 30, 2005, at a price per share of Company common stock that is at least $1.30 but less than $2.65 (without taking into account the value of warrants, if any, included in the financing(s)), then, upon closing of such financing(s), one percent (1%) of the shares of Company common stock underlying the Incentive Grant shall expire for each $0.03 decrement of price below $2.65 per share. The unexpired portion of the Incentive Grant shall vest one-third on the closing of the last financing on or prior to June 30, 2005, and two-thirds monthly ratably over the subsequent twenty-four (24) month period, provided that the Executive remains either a director or an officer of the Company during such time. For purposes of this paragraph 4(b), the "price per share" shall be calculated using the weighted average of all financings done at a price greater than or equal to $1.30 prior to June 30, 2005. In the event that all equity offerings done at prices per share greater than $1.30 do not equal five million ($5 million), then Corporate Payments shall be included in calculating the five million ($5 million) threshold referred to in this paragraph 4(b).
