Common use of Compensation Shares Clause in Contracts

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 for the Services rendered by the Contractor pursuant to date and for agreeing to enter into this Agreement shall be payable in 1,500,000 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.