Common use of Bonus Stock Clause in Contracts

Bonus Stock. Employer shall compensate Employee for Employee’s participation in securing a cumulative direct investment in the Company based on relationships of Employee of Five Million Dollars ($5,000,000) or more and completion of an acquisition valued in excess of $5,000,000 by the issuance of stock to Employee as a bonus equal to 12,500,000 restricted common shares.

Appears in 2 contracts

Samples: Employment Agreement (I2 Telecom International Inc), Employment Agreement (I2 Telecom International Inc)

AutoNDA by SimpleDocs

Bonus Stock. Employer shall compensate Employee for Employee’s participation in securing a cumulative direct investment in the Company based on relationships of Employee of Five Million Dollars ($5,000,000) or more and completion of an acquisition valued in excess of $5,000,000 by the issuance of stock to Employee as a bonus equal to 12,500,000 7,500,000 restricted common shares.

Appears in 2 contracts

Samples: Employment Agreement (I2 Telecom International Inc), Employment Agreement (I2 Telecom International Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!