Common use of Compensation/Stock Issuance Clause in Contracts

Compensation/Stock Issuance. The Company agrees to issue 5,100,367 shares of the Company's common stock (the "Shares") to Executive in the name of Xxxxx & Xxxxx Xxx Xxx Xxxxxxx Family Trust (Tax ID 00-0000000) in consideration of his services. The Trust shall be bound by this agreement. Upon issuance of the common stock, the shares shall be considered outstanding and fully paid. The Shares shall be subject to the following terms and conditions:

Appears in 5 contracts

Samples: Employment, Lock Up and Options Agreement (AMERICATOWNE Inc.), Employment, Lock Up and Options Agreement (AMERICATOWNE Inc.), Employment, Lock Up and Options Agreement (AMERICATOWNE Inc.)

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Compensation/Stock Issuance. The Company agrees to issue 5,100,367 10,000,000 shares of the Company's ’s common stock (the "Shares") to Executive in the name of Xxxxx & Xxxxx Xxx Xxx Xxxxxxx Family Trust (Tax ID 00-0000000) in consideration of his services. The 10,000,000 shares shall be issued at par value of .001 per share. The Trust shall be bound by this agreement. Upon issuance of the common stock, the shares shall be considered outstanding and fully paid. The Shares shall be subject to the following terms and conditions:

Appears in 2 contracts

Samples: Employment Agreement (ATI Nationwide Holding Corp.), Employment Agreement (ATI Nationwide Holding Corp.)

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