Common use of Salary & Benefits Clause in Contracts

Salary & Benefits. The Company shall pay Employee a salary of $3,000 per month, for the services of Employee, payable at regular payroll periods. The Employee will also be awarded 25,000 options to purchase Pangea Stock per month. The options will have a cost basis of $1.00 per share. In addition, Company will provide Medical Benefits for the Employee. The Employee will be awarded percent (1%) of the net proceeds received by the Company upon the successful completion of the sale of any major Company Assets (major asset is defined as an asset whose sale price is $500,000 or more).

Salary & Benefits. The Company shall pay Employee a salary of $3,000 4,000 per month, for the services of Employee, payable at regular payroll periods. The Employee will also be awarded 25,000 50,000 options to purchase Pangea Stock per month. The options will have a cost basis of $1.00 per share. In addition, Company will provide Medical Benefits for the Employee. The Employee will be awarded percent (13%) of the net proceeds received by the Company upon the successful completion of the sale of any major Company Assets (major asset is defined as an asset whose sale price is $500,000 or more).

Salary & Benefits. The Company shall pay Employee a salary of $3,000 39,000.00 per monthyear, payable semi-monthly, for the services of Employee, payable at regular payroll periods. The Employee will also be awarded 25,000 1,000 options to purchase Pangea Stock per month. The options will have a cost basis of $1.00 per share. In addition, Company will provide Medical Benefits for the Employee. The Employee will be awarded percent (1%) of the net proceeds received by the Company upon the successful completion of the sale of any major Company Assets (major asset is defined as an asset whose sale price is $500,000 or more).