Asset Sale or Merger. In the event of an arm’s length transaction sale of all or substantially all of the assets or a merger in which the Company is not the surviving entity, Employee shall be entitled to receive and the Company shall issue, additional amount of shares of common stock in the Company which would equal Five percent (5%) of the final value of the transaction.
Appears in 3 contracts
Samples: Employment Agreement (Minerco Resources, Inc.), Employment Agreement (Minerco Resources, Inc.), Employment Agreement (Minerco Resources, Inc.)
Asset Sale or Merger. In the event of an arm’s length transaction sale of all or substantially all of the assets or a merger in which the Company is not the surviving entity, Employee shall be entitled to receive and the Company shall issue, additional amount of shares of common stock in the Company which would equal Five Ten percent (510%) of the final value of the transaction.
Appears in 2 contracts
Samples: Employment Agreement (Minerco Resources, Inc.), Employment Agreement (Minerco Resources, Inc.)
Asset Sale or Merger. In the event of an arm’s length transaction sale of all or substantially all of the assets or a merger in which the Company is not the surviving entity, Employee shall be entitled to receive and the Company shall issue, additional amount of shares of common stock in the Company which would equal Five Three percent (53%) of the final value of the transaction.
Appears in 1 contract
