Employment and Consulting Contracts. For three years after the Closing Company must have a unanimous opinion from the Compensation Committee of the Board of Directors that any awards other than salary are usual, appropriate and reasonable for any officer, director, employee or consultant holding a similar position in other fully reporting public companies with independent majority boards with similar market capitalizations in the same industry with securities listed on the OTCBB, ASE, NYSE or NASDAQ.
Appears in 5 contracts
Samples: Stock Purchase Agreement (American Nano Silicon Technologies, Inc.), Preferred Stock Purchase Agreement (Iceweb Inc), Common Stock Purchase Agreement (Asia Premium Television Group)
Employment and Consulting Contracts. For three five years after the Closing Company must have a unanimous opinion from the Compensation Committee of the Board of Directors that any awards other than salary are usual, appropriate and reasonable for any officer, director, employee or consultant holding a similar position in other fully reporting public companies with independent majority boards with similar market capitalizations in the same industry with securities listed on the OTCBB, ASE, NYSE or NASDAQ.
Appears in 3 contracts
Samples: Preferred Stock Purchase Agreement (Wireless Age Communications Inc), Preferred Stock Purchase Agreement (Lab123, Inc.), Preferred Stock Purchase Agreement (Wireless Age Communications Inc)
Employment and Consulting Contracts. For three years after the Closing Date, the Company must have a unanimous opinion from the Compensation Committee of the Board of Directors that to award any awards officer or director a payment other than salary are or other payment that is usual, appropriate and reasonable for any officer, director, employee or consultant if such award is not reasonable and in accordance with payments or awards made to individuals holding a similar position positions in other fully reporting public companies with independent majority boards with similar market capitalizations in the same industry with securities listed on the OTCBB, ASE, NYSE or NASDAQ.
Appears in 2 contracts
Samples: Common Stock Purchase Agreement (Asia Premium Television Group), Common Stock Purchase Agreement (Asia Premium Television Group)
Employment and Consulting Contracts. For three years after the Closing Company must have a unanimous opinion from the Compensation Committee of the Board of Directors that any awards other than salary are usual, appropriate and reasonable for any officer, director, employee director or consultant consultants whose compensation is more than $100,000 per annum holding a similar position in other fully reporting public companies with independent majority boards with similar market capitalizations in the same industry with securities listed on the OTCBB, ASE, NYSE or NASDAQNasdaq.
Appears in 2 contracts
Samples: Preferred Stock Purchase Agreement (Techprecision Corp), Preferred Stock Purchase Agreement (Lounsberry Holdings Ii Inc)
Employment and Consulting Contracts. For three years after the Closing Closing, Company must have a unanimous opinion from the Compensation Committee of the Board of Directors that any awards other than salary are usual, appropriate and reasonable for any officer, director, employee director or consultant consultants whose compensation is more than $100,000 per annum holding a similar position in other fully reporting public companies with independent majority boards with similar market capitalizations in the same industry with securities listed on the OTCBB, ASE, NYSE or NASDAQNasdaq.
Appears in 2 contracts
Samples: Preferred Stock Purchase Agreement (Lounsberry Holdings I Inc), Preferred Stock Purchase Agreement (Lounsberry Holdings Iii Inc)
Employment and Consulting Contracts. For three (3) years after the Closing Closing, the Company must have a unanimous opinion from the Compensation Committee of the Board of Directors that any awards awards, other than salary salary, are usual, appropriate and reasonable for any officer, director, employee or consultant holding a similar position in other fully reporting public companies with independent majority boards with similar market capitalizations in the same industry with securities listed quoted on the OTCBB, ASE, NYSE or NASDAQsame market as the Company.
Appears in 1 contract
Samples: Preferred Stock Purchase Agreement (Vein Associates of America Inc)
Employment and Consulting Contracts. For three two years after the Closing Company must have a current unanimous opinion from the Compensation Committee of the Board of Directors that any awards other than salary are usual, appropriate and reasonable for any officer, director, employee or consultant holding a similar position in other public fully reporting public companies with independent majority boards with similar market capitalizations in the same industry with securities listed on the OTCBB, ASEAMEX, NYSE or NASDAQ.
Appears in 1 contract
Employment and Consulting Contracts. For three years after the Closing the Company must have a unanimous opinion from the Compensation Committee of the Board of Directors that any awards other than salary are usual, appropriate and reasonable for any officer, director, employee or consultant holding a similar position in other fully reporting public companies with independent majority boards with similar market capitalizations in the same industry with securities listed on the OTCBB, ASE, NYSE or NASDAQ.
Appears in 1 contract
Samples: Preferred Stock Purchase Agreement (Corgenix Medical Corp/Co)
