Common use of Inducement Stock Clause in Contracts

Inducement Stock. As inducement to the Employee to enter into this Agreement, the Company will issue 500,000 shares ("Inducement Stock") of Company restricted common stock ("Restricted Stock") to the Employee as of the Effective Date. The Inducement Stock grants shall be evidenced by the forms of Inducement Stock Agreement attached hereto as Exhibits "A" and "B."

Appears in 2 contracts

Samples: Employment Agreement (Endeavour International Corp), Employment Agreement (Endeavour International Corp)

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Inducement Stock. As an inducement to the Employee to enter into this the Original Agreement, the Company will issue issued 500,000 shares ("Inducement Stock") of Company restricted common stock ("Restricted Stock") to the Employee as of the Effective DateFebruary 26, 2004. The Inducement Stock grants shall be were evidenced by the forms of Inducement Stock Agreement attached hereto as Exhibits "A" and "B."“B” to the Original Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Endeavour International Corp), Employment Agreement (Endeavour International Corp)

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