Compensation Shares. The compensation for agreeing to enter into this Agreement and provide the Services to be rendered by the Contractor pursuant to this Agreement shall be payable in 2,000,000 shares of the Company's common stock, pro-rated over 365 days, and issuable upon completion of the (the “Compensation Shares”) Term. Issuance of the Compensation Shares shall be subject to Consultant executing a subscription agreement in a form approved by the Company.
Compensation Shares. The compensation for the agreeing to enter into this agreement and provide the Services shall be payable in 50,000 restricted shares of the Company's common stock (the "Compensation Shares").
Compensation Shares. The compensation for the Services rendered by the Contractor pursuant to this Agreement shall be payable in 1,000,000 shares of the Company's common stock (the “Compensation Shares”) for the Term, subject to the following terms and conditions:
(a) the Contractor shall be entitled to receive a certificate representing one-third of the Compensation Shares on each anniversary date as payment for Services rendered during each year of the Term; provided that the Contractor has rendered Services during that period as required by this Agreement.
Compensation Shares. The compensation for the Services rendered by the Contractor pursuant to this Agreement shall be payable in 1,500,000 shares of the Company's common stock to be registered pursuant to a registration statement on Form S-8 (the “Compensation Shares”) for the Term, payable by July 3, 2006.
Compensation Shares. The compensation for agreeing to enter into this Agreement and provide the Services to be rendered by the Contractor pursuant to this Agreement shall be payable in 500,000 shares (lump sum) of the Company's stock issuable immediately upon signing (the "Compensation Shares") for the Term and $ 2,250 USD per month.
Compensation Shares. Executive shall receive such number of restricted shares of the Company’s common stock as is equal to $25,000, based upon the average closing price for the ten (10) trading days immediately preceding each of the following dates: March 31, 2009; June 30, 2009; September 30, 2009; and December 31, 2009 (the “Compensation Shares”). During the time when Executive is employed by the Company, and for a period of 5 years thereafter, Executive shall limit Executive’s (or any affiliate of Executive) daily sale of the Compensation Shares (or any additional shares received from the Company as compensation) to no more than 5% of the average daily volume of the Company’s common stock as quoted on wxx.xxxxxxxxxx.xxx based upon the average trading volume for the previous 30 trading days.
Compensation Shares. The Compensation Shares issuable upon exercise of the Compensation Options have been, or prior to the Closing Time will be, duly and validly authorized, created and allotted for issuance, and, upon exercise of the Compensation Options in accordance with their terms, the Compensation Shares will be validly issued as fully paid and non-assessable Common Shares.
Compensation Shares. The compensation for the Services rendered by the Contractor pursuant to this Agreement shall be payable in 1,500,000 shares of the Company's common stock to be registered pursuant to a registration statement on Form S-8 and 2,000,000 restricted shares of common stock (the “Compensation Shares”) for the Term, payable by July 3, 2006.
Compensation Shares. In the event that, from time to time, the Board of Directors, in its sole discretion, determines that the Company does not have adequate financial resources to fully compensate the Employee in cash, then the Company's obligation to pay such compensation will be satisfied by the issuance to the Employee of shares of the common stock of Tirex America, Inc., $.001, par value, per share ("Compensation Shares"), which shares shall constitute compensation pursuant to the terms of this Employee Agreement.
Compensation Shares. In consideration of the Employee entering -------------------- into this Agreement and continuing in such employment for a period of at least one year, the Company also agrees to pay the Employee one million (1,000,000) common shares (the "Compensation Shares") in the capital of the Company. Upon or as soon as is practical after the issuance of the last tranche of the Compensation Shares, the Company will file a form S-8 or other appropriate form with the United States Securities and Exchange Commission (the "SEC") to effect registration. The Shares shall vest as to 250,000 shares on each of the following dates ("Vesting Dates"):
(a) the Effective Date - 250,000 shares; (b) three months after the Effective Date - 250,000 shares; (c) six months after the Effective Date - 250,000 shares; and (d) nine months after the Effective Date - 250,000. The share certificates representing the first 250,000 of the Compensation Shares will be delivered by the Company to the Employee within ten (10) days of the execution of this Agreement by the parties. The remaining share certificates shall be delivered on or immediately after each of the Vesting Dates. If this Agreement is terminated for any reason, those Shares that have vested in the Employee at the date of notice of termination shall be deemed to have been earned by the Employee, no reduction or refund shall take place and no claim for any additional shares, compensation, severance or consideration of any kind may be made by the Employee.