Common use of Employee Benefit Plans; New Hires; Pay Increases Clause in Contracts

Employee Benefit Plans; New Hires; Pay Increases. Adopt or amend any ------------------------------------------------ employee benefit or stock purchase or option plan obligating the Company to issue more than 100,000 shares of common stock in aggregate, pay any special bonus or special remuneration exceeding US$5,000 individually or US$20,000 in the aggregate to any employee or director (except payments made pursuant to written agreements outstanding on the date of this Agreement), or increase the salaries or wage rates of its employees except in the ordinary course of business;

Appears in 2 contracts

Samples: Convertible Note and Warrant Purchase Agreement (Rapidtron Inc), Convertible Note and Warrant Purchase Agreement (Rapidtron Inc)

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Employee Benefit Plans; New Hires; Pay Increases. Adopt or amend any ------------------------------------------------ --------------------------------------------------- employee benefit or stock purchase or option plan obligating the Company to issue more than 100,000 shares of common stock in aggregate, pay any special bonus or special remuneration exceeding US$$5,000 individually or US$$20,000 in the aggregate to any employee or director (except payments made pursuant to written agreements outstanding on the date of this Agreementthe definitive unit purchase agreement), or increase the salaries or wage rates of its employees except in the ordinary course of business;

Appears in 1 contract

Samples: Unit Purchase Agreement (Rapidtron Inc)

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Employee Benefit Plans; New Hires; Pay Increases. Adopt or amend ------------------------------------------------ any ------------------------------------------------ employee benefit or stock purchase or option plan obligating the Company to issue more than 100,000 shares of common stock in aggregate, pay any special bonus or special remuneration exceeding US$5,000 individually or US$20,000 in the aggregate to any employee or director (except payments made pursuant to written agreements outstanding on the date of this Agreement), or increase the salaries or wage rates of its employees except in the ordinary course of business;

Appears in 1 contract

Samples: Convertible Note and Warrant Purchase Agreement (Rapidtron Inc)

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