Compensation and Expense. REIMBURSEMENT ------------------------------------------ Concurrently with the execution hereof, the Company shall grant and issue to Consultant the option to purchase 65,000,000 shares of $.0001 par value common stock of the Company (the "Shares") which shall be registered with the United States Securities and Exchange Commission and applicable state securities agencies so as to enable the Shares to be freely saleable and tradable in the public securities markets. The Company shall use its best and diligent efforts to maintain all SEC and other registrations so as to enable said Shares to be fully saleable and tradable for a period of five (5) years from the date hereof. The option shall have an exercise price of $0.000923 per share, and shall expire on November 30, 2005 at 5:00 P.M. C.S.T. Consultant in providing the foregoing services shall be reimbursed for any pre-approved out-of-pocket costs, including, without limitation, travel, lodging, telephone, postage and over night shipping charges. The Company also agrees that if the Shares fail to attain a market price of $60,000 for five (5) separate trading days during a period of five (5) years from the date of Consultant's exercise of the option; then the Company shall issue a supplemental option to Consultant for additional Shares at the exercise price set forth in the initial option, upon the written demand of Consultant to the Company. If the Company fails to issue the supplemental option within five (5) days from the date of Consultants written demand notice, then it immediately shall pay to Consultant liquidated damages of $60,000.
Compensation and Expense. In consideration for your execution of this Agreement and for the performance of your obligations hereunder, the Company agrees to pay you as follows:
Compensation and Expense. For all services rendered by Executive to the Company, the Company shall compensate the Executive as follows:
Compensation and Expense. The last sentence of Section 6(b) is hereby deleted in its entirety and the following sentence is substituted in lieu thereof: “In consideration of the Administrative Services and performance of all other obligations under this Agreement by the Company, ACIM will pay the Company a fee (the “Administrative Services Fee”) equal to 25 basis points (0.25%) per annum of the average aggregate amount invested by the Company under this Agreement.”
Compensation and Expense. Compensation for services rendered by members of the Joint Arbitration Board may be fixed, determined and paid by the respective appointing entity. Expenses incurred by the Board, outside of compensation to its members, in carrying out its functions shall be borne equally by the Union and the Association.
Compensation and Expense. REIMBURSEMENT ----------------------------------------- Concurrently with the execution hereof, the Company shall issue to Consultant 50,000,000 shares of $.001 par value common stock of the Company (the "Shares") which shall be registered with the United States Securities and Exchange Commission and applicable state securities agencies so as to enable the Shares to be freely saleable and tradable in the public securities markets. The Company shall use its best and diligent efforts to maintain all SEC and other registrations so as to enable said Shares to be fully saleable and tradable for a period of five (5) years from the date hereof. Consultant in providing the foregoing services shall be reimbursed for any pre-approved out-of-pocket costs, including, without limitation, travel, lodging, telephone, postage and over night shipping charges.
Compensation and Expense. REIMBURSEMENT Concurrently with the execution hereof, the Company shall grant and issue to Consultant 5,000,000 shares of $.001 par value capital voting stock ("Shares"); and a warrant to purchase 5,000,000 Shares which Shares shall be registered with the United States Securities and Exchange Commission and applicable state securities agencies so as to enable the Shares to be freely saleable and tradable in the public securities markets. The Company shall use its best and diligent efforts to maintain all SEC and other registrations so as to enable said Shares to be fully saleable and tradable for a period of five (5) years from the date hereof. The warrant shall have a purchase price of $0.022 per share, and shall expire on January 31, 2007 at 5:00 P.M. C.S.T. Consultant in providing the foregoing services shall be reimbursed for any pre-approved out-of-pocket costs, including without limitation, travel, lodging, telephone, postage and overnight shipping charges. The Company also agrees that if the aggregate Shares fail to attain a market price of $110,000 for five (5) separate trading days during a period of five (5) years from the date of Consultant's exercise of the warrant; then the Company shall issue a supplemental warrant to Consultant for additional Shares at the purchase price set forth in the initial warrant, upon written demand of Consultant to the Company. If the Company fails to issue the supplemental warrant within five (5) days from the date of Consultants written demand notice, then it immediately shall pay to Consultant liquidated damages of $110,000.
Compensation and Expense. The Grantors, jointly and severally, agree to pay to the Joint Collateral Agent and any co-collateral agents or successor collateral agents appointed hereunder, from time to time upon demand, (a) compensation for their services hereunder and under the Loan and Notes Security Documents and for administering the Collateral and the Loan and Notes Collateral Account in such amounts as the Grantors shall from time to time agree with the Joint Collateral Agent and (b) all the reasonable fees, costs and out-of-pocket expenses incurred by any of them (including, without limitation, the reasonable fees and disbursements of counsel) (i) arising in connection with the preparation, execution, delivery, modification and termination of this Agreement, and each Loan and Notes Security Document or the enforcement of any of the provisions hereof or thereof or (ii) incurred or required to be advanced in connection with the administration of the Collateral, the Loan and Notes Collateral Account, the sale or other disposition of Collateral pursuant to any Loan and Notes Security Document and the preservation, protection or defense of their rights under this Agreement and in and to the Collateral and the Loan and Notes Collateral Account. Each Grantor’s obligations under this Section 5.03 shall survive the termination of this Agreement, termination of the Collateral, the Discharge of the Loan and Notes Obligations, and the removal or resignation of the Joint Collateral Agent.
Compensation and Expense. (a) The Agent shall be paid by the Company upon demand:
(1) full compensation for all services to be rendered by the Agent (in its capacity as Purchase Contract Registrar and Unit Registrar) hereunder during the term of this Agreement; and
(2) for all expenses to be incurred by the Agent in its capacity as Purchase Contract Registrar and Unit Registrar hereunder (including the reasonable compensation and the expenses and disbursements of its agents and counsel during the term of this Agreement).
(b) The Agent acknowledges receipt from Credit Suisse First Boston Corporation on behalf of the Holders of Units on the date hereof of:
(1) payment of its full compensation in advance for all services to be rendered by the Agent (in its capacity as Agent for the Holders) hereunder during the term of this Agreement; and
(2) payment in advance for all expected expenses to be incurred by the Agent (in its capacity as Agent for the Holders) hereunder (including the reasonable compensation and the expenses and disbursements of its agents and counsel during the term of this Agreement).
(c) In no event shall the Agent resign or fail to perform its duties (i) as Agent for the Holders because of any insufficiency of compensation or expense prepayments; or (ii) as Purchase Contact Registrar and Unit Registrar because of any insufficiency of compensation or expense reimbursements without providing the Company with prior 30-day written notice of such insufficiency, and such insufficiency is continuing after such 30-day notice period.
Compensation and Expense. REIMBURSEMENT Concurrently with the execution hereof, the Company shall grant and issue to Consultant 25,000,000 shares of no par value common stock of the Company (the "Shares") which shall be registered with the United States Securities and Exchange Commission and applicable state securities agencies so as to enable the Shares to be freely saleable and tradable in the public securities markets. The Company shall use its best and diligent efforts to maintain all SEC and other registrations so as to enable said Shares to be fully saleable and tradable for a period of five (5) years from the date hereof. Consultant in providing the foregoing services shall be reimbursed for any pre-approved out-of-pocket costs, including, without limitation, travel, lodging, telephone, postage and over night shipping charges. The Company also agrees that if the Shares fail to attain a market price of $25,000 for five (5) separate trading days during a period of five (5) years from the date of any issuance of the shares; then the Company shall issue additional shares to Consultant in such number, at an assumed market price of $.001 per share, as will equal the difference between $10,000 and the actual aggregate valuation of such shares. If the Company fails to issue the supplemental option within five (5) days from the date of Consultants written demand notice, then it immediately shall pay to Consultant liquidated damages of $25,000.
