Compensation Shares. The compensation for the Services rendered by the Contractor pursuant to this Agreement shall be payable in 8,000 shares per month of the Company's restricted common stock (the “Compensation Shares”) for the Term.
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. 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 for the Services rendered by the Contractor to date and for agreeing to enter into this Agreement shall be payable in 1,500,000 shares of the Company's common stock (the “Compensation Shares”) for the Term.
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. 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 the Company, $.10 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 SEC to effect registration. The Shares shall vest as to 250,000 shares on each of the following dates ("Vesting Dates"):
(a) at the end of three (3) months from the Effective Date - 250,000 shares (b) at the end of six (6) months from the Effective Date - 250,000 shares (c) at the end of nine (9) months from the Effective Date - 250,000 shares (d) at the end of twelve (12) months from the Effective Date - 250,000 The share certificates representing the Compensation Shares shall be delivered on or immediately after each of the Vesting Dates. If this Agreement is terminated for any reason, those Compensation 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.
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 150,000 shares of the Company's common stock (the "Compensation Shares") issuable at the beginning of every year served during the Term of this Agreement, with 150,000 for the first year having already been issued.
Compensation Shares. CAT shall reserve for issuance an additional 12,000,000 shares of CAT common stock for employees of and consultants for MedCom as consideration and compensation for their efforts in effecting the transaction covered by this Agreement. Such shares shall be restricted shares but shall be covered by the CAT registration statement being filed for the restricted shares issued under this Agreement to the MedCom stockholders if issued prior to the effective date thereof.
