Accrued Unpaid Salary. The Executive shall have the option to convert any and all accrued unpaid salary into common stock of the Company at the end of each fiscal year a conversion rate to be determined by the Parties, but in no event shall such conversion rate be lower than the par value of such common stock or higher than the closing bid price on date of the conversion.
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Samples: Director Agreement (Propanc Health Group Corp), Employment Agreement (Propanc Health Group Corp)
Accrued Unpaid Salary. The Executive shall have the option to convert any and all accrued unpaid salary into common stock of the Company at the end of each fiscal year a conversion rate to be determined by the Partiesparties, but in no event shall such conversion rate be lower than the par value of such common stock or higher than the closing bid price on date of the conversion.
Appears in 1 contract
Accrued Unpaid Salary. The Executive shall have the option to convert any and all accrued unpaid salary into common stock of the Company Company’s Common Stock at the end of each fiscal year a conversion rate to be determined by the Parties, but in no event shall such conversion rate be lower than the par value of such common stock or higher than the closing bid price on date of the Parties’ agreement regarding such conversion.
Appears in 1 contract
Samples: Amended and Restated Services Agreement (Propanc Biopharma, Inc.)
