Additional Compensation to Executive. In addition to the compensation stated above, Executive shall receive 250,000 (Two Hundred Fifty Thousand) stock options of CALYPSO per year for the duration of this Employment Agreement that shall vest pursuant to a pro-rated vesting schedule attached a exhibit “A” and providing that he is not terminated pursuant to the provisions of paragraph 14 (B).
Additional Compensation to Executive. In addition to the compensation stated above, Executive shall receive 250,000 (Two Hundred Fifty Thousand) stock options at a price of .18 cents (Eighteen cents) per share of CALYPSO per year for the duration of this Employment Agreement and providing that she is not terminated pursuant to the provisions of paragraph 14 (B), and will be fully vested if there is a change in control pursuant to paragraph 15.
Additional Compensation to Executive. In addition to the Compensation stated in paragraphs 4.1-4.2, inclusive, Executive shall receive one million (1,000,000) stock options in TASKER, eaxx xxxion at an exercise price of twenty-five cents (US $ .25) per share of common stock. Such options shall vest and be exercisable pursuant to the Notice of Grant dated November 1, 2004. A true and correct copy of the Notice of Grant is attached hereto as "Exhibit A". Notwithstanding the foregoing, the vesting of the stock options shall be pursuant to the vesting schedule contained in the Notice of Grant ("Vesting Schedule'). In addition, TASKER's Bxxxx xx Directors may, in its sole discretion, grant Executive additional performance Compensation during any time of this Agreement in either cash or stock options or both.
Additional Compensation to Executive. In addition to the compensation stated above, Executive shall receive an option to purchase up to 1,000,000 shares of common stock in TASKER, which option shall vest xxx xe exercisable pursuant to the Notice of Grant dated August 25, 2004. A true and correct copy of the Notice of Grant is attached hereto as Exhibit "A". Notwithstanding the foregoing, the vesting of the option shall be pursuant to the vesting schedule contained in the Notice of Grant ("Vesting Schedule"). In addition, the Board of Directors of Tasker Capital Corp. may, in itx xxxx discretion, grant Executive additional performance compensation in the form or either cash or options or both.
Additional Compensation to Executive. In addition to the compensation stated above, Executive shall receive 30,000 stock options, that shall vest and be exercisable pursuant to the Notice of Grant dated July 1, 2004. A true and correct copy of the Notice of Grant is attached hereto as Exhibit "A". Notwithstanding the foregoing, the vesting of the stock options shall be pursuant to the vesting schedule contained in the Notice of Grant ("Vesting Schedule")
Additional Compensation to Executive. In addition to the compensation stated above, Executive shall receive 150,000 (One Hundred Fifty Thousand) stock options at a price of US$ 1.00 (One Dollar) per share of CALYPSO per year for the duration of this Employment Agreement. 50,000 (Fifty Thousand) option shares shall vest immediately upon execution of this agreement. All remaining option shares shall vest pursuant to a pro-rated vesting schedule attached a exhibit "A" and providing that he is not terminated pursuant to the provisions of paragraph 14 (B). In the Event of a Change in Control (as defined in No. 15) within the next twelve months, the Executive shall receive a total compensation of 300,000 (Three Hundred Thousand) stock options of CALYPSO at a price of US$ 1.00 (One Dollar) per share that shall vest upon the consummation of the change of control.
Additional Compensation to Executive. In addition to the compensation stated above, Executive shall receive (i) 10,000 stock options, that shall vest and be exercisable pursuant to the Notice of Grant dated July 1, 2004. A true and correct copy of the Notice of Grant is attached hereto as Exhibit "A". Notwithstanding the foregoing, the vesting of the stock options shall be pursuant to the vesting schedule contained in the Notice of Grant ("Vesting Schedule"); and (ii) 4% of the issued and outstanding shares of common stock at June 30, 2004 of XxxxxXxxxxx.Xxx, subject to shareholder and board approval
Additional Compensation to Executive. The Company shall pay Executive the sum of $40,000.00 on January 2, 1997. The parties acknowledge that said payment may be deferred pursuant to a deferred compensation agreement to be mutually agreed between the parties. In the event that the parties fail to negotiate said deferred compensation agreement prior to December 31, 1996, then said said payment shall be made as above indicated.
Additional Compensation to Executive. In addition to the compensation stated above, Executive shall receive 100,000 (One Hundred Thousand) rule-144 shares of CALYPSO per year of employment and providing that he is not terminated pursuant to the provisions of paragraph 14 (B).
Additional Compensation to Executive. In consideration of the Executive's undertakings pursuant to this Agreement, the Executive is entitled to receive cash payments from the Company on the following dates and in the following amounts: DATE AMOUNT Retirement Date $300,000 December 31, 1998 130,000 December 31, 1999 125,000 Monthly Office Allowance* 60,000 -------- Total $615,000 ======== * ($2,500/mo. for up to 24 months)
3.1. Payments pursuant to this Section 3.0 will be made to the Executive by check or wire transfer to the Executive. Any such payments will be made net of applicable foreign, federal, state or local withholding taxes that may legally be imposed on any such payments as determined in the reasonable discretion of the Company.
