Common use of Stock Bonus Clause in Contracts

Stock Bonus. Executive will participate in a stock option plan consistent with other C-level officers, once adopted by the Company, provided that Executive was employed by the Company as of the last day of the applicable calendar year. All rights to the issuance of shares under this Section 3.04 shall be determined by the Company’s Auditors and subject to the approval of the Company’s Board of Directors. (a) Executive shall be eligible to receive shares of the Company’s common stock (“Company Shares”) upon satisfaction of any of following milestones: (i) 90,000 Company Shares for each stock or asset acquisition that the Company consummates during the term of Executive’s employment that increases the gross revenues of the Company by a minimum of $10,000,000, provided the Company’s market capitalization reaching $350,000,000 for a period of at least 5 consecutive trading days (“Market Cap Threshold”), or (ii) 450,000 Company Shares if an acquisition increases gross revenues of the Company by a minimum of $25,000,000, provided the Company satisfies the Market Cap Threshold. For the sake of clarity, the Market Cap Threshold may be satisfied before or after an acquisition milestone is satisfied under this Section 3.04 (a) (i) and (ii); (iii) in the alternative to Section 3.04 (i) and (ii), Executive shall be eligible to receive 450,000 Company Shares if the Company’s annualized revenue growth increases by a minimum of $50,000,000; (b) Executive shall be eligible to receive a 180,000 Company Shares if the Company reaches positive cash flow (EBIDTA); and (c) Executive shall be eligible to receive (i) 225,000 Company Shares if the market capitalization of the Company exceeds $500,000,000 for a period of at least 5 consecutive trading days; and (ii) an additional 450,000 Common Shares if the market capitalization of the Company exceeds $1,000,000,000 for a period of at least 5 consecutive trading days; and (iii) an additional 900,000 Company Shares if the market capitalization of the Company exceeds $1,500,000,000 for a period of at least 5 consecutive trading days; and (iv) an additional 135,000 Company Shares for each additional $100,000,000 increase in market capitalization over $1,500,000,000, provided that such increase is sustained for a period of at least 5 consecutive trading days. Executive rights under this section 3.04 (c) are cumulative.

Stock Bonus. Executive will participate in a stock option plan consistent with other C-level officers, once adopted by the Company, provided that Executive was employed by the Company as of the last day of the applicable calendar year. All rights to the issuance of shares under this Section 3.04 shall be determined by the Company’s Auditors and subject to the approval of the Company’s Board of Directors. (a) Executive shall be eligible to receive shares of the Company’s common stock (“Company Shares”) upon satisfaction of any of following milestones: (i) 90,000 100,000 Company Shares for each stock or asset acquisition that the Company consummates during the term of Executive’s employment that increases the gross revenues of the Company by a minimum of $10,000,000, provided the Company’s market capitalization reaching $350,000,000 for a period of at least 5 consecutive trading days (“Market Cap Threshold”), or (ii) 450,000 500,000 Company Shares if an acquisition increases gross revenues of the Company by a minimum of $25,000,000, provided the Company satisfies the Market Cap Threshold. For the sake of clarity, the Market Cap Threshold may be satisfied before or after an acquisition milestone is satisfied under this Section 3.04 (a) (i) and (ii); (iii) in the alternative to Section 3.04 (i) and (ii), Executive shall be eligible to receive 450,000 500,000 Company Shares if the Company’s annualized revenue growth increases by a minimum of $50,000,000; (b) Executive shall be eligible to receive a 180,000 200,000 Company Shares if the Company reaches positive cash flow (EBIDTA); and (c) Executive shall be eligible to receive (i) 225,000 250,000 Company Shares if the market capitalization of the Company exceeds $500,000,000 for a period of at least 5 consecutive trading days; and (ii) an additional 450,000 500,000 Common Shares if the market capitalization of the Company exceeds $1,000,000,000 for a period of at least 5 consecutive trading days; and (iii) an additional 900,000 1,000,000 Company Shares if the market capitalization of the Company exceeds $1,500,000,000 for a period of at least 5 consecutive trading days; and (iv) an additional 135,000 150,000 Company Shares for each additional $100,000,000 increase in market capitalization over $1,500,000,000, provided that such increase is sustained for a period of at least 5 consecutive trading days. Executive rights under this section 3.04 (c) are cumulative.