Future Compensation. The Company will not use the funds obtained hereunder for (i) paying any accrual or arrangement for or payment of bonuses or special compensation of any kind or any severance or termination pay to any present or former officer or employee; (ii) paying any increase in the rate of compensation payable or to become payable by it to any of its officers or directors or any of its employees whose monthly compensation exceeds $4,000; or (iii) paying any increase in any profit-sharing, bonus, deferred compensation, insurance, pension, retirement, or other employee benefit plan, payment, or arrangement made to, for, or with their officers or directors;
Future Compensation. Upon termination of this Agreement by Heritage for any reason, or by FMS for good cause, Heritage (or its successors) agrees to continue paying FMS the percentage override set forth in Section 4 of this Agreement for a period of twenty-four months on products and services sold to FMS’s customers; this provision shall survive termination or expiration of this Agreement.
Future Compensation. If Iptimize shall enter into any merger or acquisition activities related to its business plan, FCBD shall, with respect to the first three transactions only, provide advisory services to assess the impact of such transactions upon Iptimize’s enterprise value in relation to its shareholders. Commencing with the fourth merger or acquisition transaction, FCBD’s advisory services shall be at the sole discretion of Iptimize. With respect to the first three merger or acquisition transactions only, FCBD shall be paid additional advisory fees as follows: (i) upon Iptimize’s request, FCBD shall provide detailed financial modeling services in support of Iptimize’s analysis of potential acquisition candidates for a fee of $10,000 per defined request (the “Modeling Fee”); and (ii) upon the completion of any merger or acquisition transaction made by Iptimize during the Term, Iptimize shall pay a fee of $40,000 to FCBD (the “Success Fee”).
Future Compensation. For each subsequent year after October 30, 2006, AL will receive restricted shares of 5G Wireless Common Stock for a value equal to $9,979 (which represents 15% of the Security deposit) each year. The shares to be price at a ten percent (10%) discount to the closing price on October 30th of each year.
Future Compensation. If during the Term of this Agreement, IPtimize shall enter into any joint venture, licensing or sub-licensing agreement, resell agreement, product sales and/or marketing, distribution agreement, merger, acquisition, business combination, sale of assets or common stock of IPtimize or any divestiture of any assets or business introduced to IPtimize by FCBD or with respect to which FCBD’s active involvement has been requested by IPtimize, FCBD shall be entitled to a success fee equal to eight (8%) percent of the value of the transaction (the “Success Fee”). The Success Fee shall be payable at the closing of the transaction in cash or shares of IPtimize’s Common Stock, at the election of FCBD unless IPtimize only receives securities of the buyer, in which case the Success Fee shall be similarly paid.
Future Compensation. For the avoidance of doubt, with respect to the Pamesa Contract) EZ shall be entitled to the Referral Fee, as defined in and in accordance with, the terms of the Referral Agreement attached hereto as Exhibit C (‘‘Referral Agreement”). In addition, EZ shall have the option to continue to solicit customers for the Company pursuant to a separate Referral Agreement in the form attached hereto as Exhibit C.
Future Compensation. During the Employment Period, Executive shall be eligible to participate in any compensation grant, increase, program, or award (including but not limited to bonuses, equity awards, base salary increases, benefits, and other compensation programs) on the same basis as and commensurate with other senior executives of the Company.
Future Compensation. Oxis will also grant to Post a second tranche of 1,110,227 Options with the same features and characteristics as the first tranche of Options discussed above on the first anniversary of the effective date of this Agreement (March 29, 2011). The strike price for this second tranche of Options shall be as determined by the Board of Directors at the time of this award and shall also vest in eight quarterly installments beginning on March 29, 2011.
Future Compensation. The equity and equity-based compensation granted to the Executive, as well as the Executive's cash compensation treatment, if any, shall be reviewed by the Compensation Committee from time to time (but not less than annually) with increases thereto (but not decreases) made in its sole discretion. In the event the Company makes equity-based grants or implements cash-based compensation programs for the senior executives of the Company generally during the Term, the Executive shall be entitled to receive similar equity-based grants and similar participation in cash-based programs, at a level commensurate with his position as determined by the Compensation Committee in its sole discretion. For each of the years of the Term beginning December 1, 2007 and December 1, 2008, respectively, the Compensation Committee shall determine base compensation payable to the Executive for each such year, including a vesting schedule with respect to any equity-based compensation, which shall be equal to the amount and type of compensation provided in Section 3.2(i).
Future Compensation. The consideration described in 3.1 above shall be full and complete compensation for all services rendered by QBIT under this Agreement as of the effective date of this Agreement. Compensation for commercialization rights on properties beyond the scope of the FIELDS OF INTEREST shall be negotiated on an individual basis and contemplated in addenda to this Agreement, such addenda to be executed by CYGS and QBIT as appropriate. Compensation for other services not comprehended by this agreement and provided by QBIT for CYGS or CYGS to QBIT win be defined by a separate agreement. 3.5
