Equity Component Sample Clauses

Equity Component. Consultant will be eligible to receive stock options of RMC based on his contribution to RMC's growth, as determined by RMC's board at its sole discretion.

Equity Component. 5.1 In further consideration of the license, discharges, releases, promises and covenants not to xxx granted herein, EPIX agrees to issue and deliver to Prince, on January 2, 2004, One Hundred Thirty-Two Thousand (132,000) shares of its common stock, $0.01 par value per share, pursuant to a Stock Purchase Agreement executed concurrently herewith.

Equity Component. In addition to the cash fee described in subsection (a), on the anniversary of the date of this agreement, if the Director remains a member of the Board of Directors on that date, the Company will grant the Director a total of ⅹ shares of the Company’s common stock (hereinafter referred to as the “Shares”), as the amount of $30,000. The Shares will vest immediately on the date of grant.

Equity Component. In addition to the cash fee(s) described in subsection (a), on the date of this Agreement, GUFR will xxxxx Xxxxxxx options to purchase 25,000 shares of GUFR common stock, which may be exercised immediately. The exercise price of these options will be the closing sale price of GUFR common stock on the OTC Bulletin Board on the date of this Agreement. On October 24, 2008, GUFR will xxxxx Xxxxxxx options to purchase 25,000 shares, which may be exercised immediately thereafter, with an exercise price of the closing sale price of GUFR common stock on the OTC Bulletin Board on such date of grant, provided Xxxxxxx is still a director of or otherwise engaged by GUFR. On October 24, 2009, GUFR will grant options to purchase 25,000 shares, which may be exercised immediately thereafter, with an exercise price of the closing sale price of GUFR common stock on the OTC Bulletin Board on the date if such grant, provided Xxxxxxx is still a director of or otherwise engaged by GUFR. The options will be granted under GUFR’s stock option plan, and will be subject to the terms and conditions of that plan. Subject to the foregoing provisions and the terms and conditions set forth in the plan, the options may be exercised until three years from the date of the grant of such options, except as otherwise provided in the plan.

Equity Component. In addition to the cash fee(s) described in subsection (a), on the date of this agreement, UTVG will grant Mr. Randall options to purchase a totxx xx 000,000 shares of UTVG common stock. The exercise price of these options will be the closing sale price of a share of UTVG common stock on the OTC Bulletin Board on the date of this agreement. Options to purchase 33,333 shares may be exercised immediately; options to purchase an additional 33,333 shares may be exercised commencing July 1, 2008, and options to purchase the remaining 33,334 shares may be exercised commencing July 1, 2009, provided that in the case of the options to vest in 2008 and 2009 Mr. Randall is still a director of or xxxxxxxxx engaged by UTVG. The options will be granted under UTVG's stock option plan, and will be subject to the terms and conditions of that plan. Subject to the foregoing vesting provisions and the terms and conditions set forth in the plan, the options may be exercised until June 1, 2017, except as otherwise provided in the plan.

Equity Component. Client shall grant to Electrum Partners (or an entity controlled by Electurm such that Electrum is deemed to be the sole beneficial owner under Rule 13d-3 promulgated under the Exchange Act) an aggregate of 924,500 shares of restricted common stock of the Company, representing 3.7% interest in the Company, consistent with the grant and vesting schedule set forth in the table below; provided, however, that no grant shall be made, and no shares shall be issued with respect to any grant, if Electrum is not contracted by the Company on the respective date of grant as set forth in the table below. Effective Date of Agreement 424,500 Effective Date July 1, 2018 50,000 August 1, 2018 August 1, 2018 50,000 September 1, 2018 September 1, 2018 50,000 October 1, 2018 October 1, 2018 50,000 November 1, 2018 November, 2018 50,000 December 1, 2018 December 1, 2018 50,000 January 1, 2019 January 1, 2019 50,000 February 1, 2019 February 1, 2019 50,000 March 1, 2019 March 1, 2019 50,000 April 1, 2019 April 1, 2019 50,000 May 1, 2019 With respect to each grant set forth in the table above, the shares subject to that grant will only vest if Electrum is contracted under the terms of this agreement on the date of vesting as set forth in the table above. If Electrum is not deemed under contract on a particular date of vesting, the shares that are subject to that grant will be forfeited by Electrum.

Equity Component. In addition to the cash fee(s) described in subsection (a), on the Election Date and subject to the provisions hereof JADG will grant Xx. Xxxxxxx non-qualified options to purchase 100,000 shares of JADG common stock. The exercise price of these non-qualified options will be the closing sales price of a share of JADG common stock on the OTC Bulletin Board on the Election Date. Options to purchase 33,333 shares may be exercised immediately; options to purchase an additional 33,333 shares may be exercised commencing April 15, 2009, and options to purchase the remaining 33,334 shares may be exercised commencing April 15, 2010, provided that all outstanding and unexercised options shall expire on the date that Xx. Xxxxxxx is no longer serving as a member of the Board of Directors of JADG or otherwise engaged by JADG to provide services to JADG. Subject to the foregoing provisions, the options may be exercised until April 15, 2018, at which time any such options that have not been exercised shall automatically expire.

Equity Component. For every $1,000 the Company draws on this Note, the Company agrees to issue to Holder 110 shares of the Company’s common stock, $0.01 par value per share (the “Shares”). The number of Shares issuable will be adjusted by the board of directors of the Company to account for any stock split, combination, dividend or similar transaction. The Shares will not be registered under the Securities Act of 1933 and will be subject to resale restrictions under the Act. The Company will issue the Shares as soon as reasonably possible after the receipt of each Advance.

Equity Component. As additional consideration for the Purchased Assets, Buyer shall issue to Seller shares of its restricted common stock upon the following schedule: (1) Three million (3,000,000) shares of restricted common stock upon the execution of this Agreement. (2) Three million (3,000,000) shares of restricted common stock upon Seller’s completion of Seller’s delivery to Buyer of: (a) One (1) ½ in. fuel unit for ___________; (b) One (1) in. fuel unit for lab testing; (c) One (1) ½ in. antibacterial water unit for NSF; and (d) One (1) ¾ in. antibacterial water unit for lab testing. (3) Two million (2,000,000) shares of restricted common stock upon the completion of production of one thousand (1,000) Sonical™ testing units within the United States. (4) One million (1,000,000) shares of restricted common stock upon Buyer attaining gross revenue of five million dollars ($5,000,000) from sales of Sonical™ testing units. (5) Two million (2,000,000) shares of restricted common stock upon the issuance of a patent by the US Patent and Trademark Office (“USPTO”) for US Patent Application Serial Number 17/472,060 (the “Patent Application”).

Equity Component. 3.1.1. On February 10, 2010, CONSULTANT was granted an award of 4,000 shares of common stock of Xxxxxxx under the Xxxxxxx Technologies, Inc. 2005 Omnibus Equity Incentive Plan in connection with CONSULTANT’s service on XXXXXXX’X Board of Directors (the “Restricted Stock Award”). Pursuant to its terms, the Restricted Stock Award vests on February 10, 2011 (i.e., the one-year anniversary of the grant date), provided that CONSULTANT continues to provide service as an employee or director. XXXXXXX and CONSULTANT hereby agree, subject to the approval of XXXXXXX’X Board of Directors, that the terms of the Restricted Stock Award are amended to allow CONSULTANT to fully vest in the Restricted Stock Award on February 10, 2011, so long as CONSULTANT continues as a service provider to XXXXXXX through such date as a consultant pursuant to the terms of this Agreement. Except as amended hereby, the Restricted Stock Award shall continue in full force and effect as originally constituted and is ratified and affirmed by the parties hereto. 3.1.2. CONSULTANT’s restricted stock units issued in connection with CONSULTANT’s service on XXXXXXX’X Board of Directors and earned through June 30, 2010 shall vest and be settled 60 days following the effective date of CONSULTANT’s resignation from XXXXXXX’X Board of Directors on June 30, 2010, in accordance with their terms. 3.1.3. CONSULTANT further agrees that he has no additional rights in any equity awards provided to him as a director of XXXXXXX and that any such rights terminated in accordance with their terms upon CONSULTANT’S resignation from XXXXXXX’X Board of Directors.