Schedule of Company Performance Goals. Shares of Restricted Stock shall become eligible for vesting (the “Eligible Restricted Shares”) for each Company Performance Goal attained as follows: Restricted Shares Company Performance Goals 50 % The Company’s consolidated gross revenue, calculated in accordance with generally accepted accounting principles, consistently applied, equals or exceeds $15,000,000 for the trailing twelve-month period as reported in the Company’s quarterly or annual financial statements filed with the U.S. Securities and Exchange Commission (“SEC Reports”) 50 % The Company’s consolidated operating profit (Operating Profit = Operating Revenue - Cost of Goods Sold - Operating Expenses - Depreciation & Amortization), calculated in accordance with generally accepted accounting principles, consistently applied, equals or exceeds $1,500,000 for the trailing twelve-month period as reported in the Company’s SEC Reports.
Schedule of Company Performance Goals. Grantee shall be eligible for the issuance of Restricted Shares for each Company Performance Goal attained as follows: Restricted Shares Company Performance Goals [40%] The Company's Market Capitalization exceeds $15,000,000. Market Capitalization shall mean the total number of shares of issued and outstanding common stock, multiplied by the average closing trade price of the Company's common stock on the 10 trading days immediately prior to the date of determination. [60%] The Company's Market Capitalization exceeds $20,000,000. Market Capitalization shall mean the total number of shares of issued and outstanding common stock, multiplied by the average closing trade price of the Company's common stock on the 10 trading days immediately prior to the date of determination.
Schedule of Company Performance Goals. Grantee shall be eligible for the issuance of Restricted Shares for each Company Performance Goal attained as follows: Restricted Shares Company Performance Goals 750,000 The Company's Market Capitalization exceeds $15,000,000. Market Capitalization shall mean the total number of shares of issued and outstanding common stock, multiplied by the average closing trade price of the Company's common stock on any 15 of the 20 trading days immediately prior to the date of determination.
Schedule of Company Performance Goals. Grantee shall be eligible for the issuance of Restricted Shares for each Company Performance Goal attained as follows:
Schedule of Company Performance Goals. Grantee shall be eligible for the issuance of Restricted Shares for each Company Performance Goal attained as follows: Restricted Shares Company Performance Goals 6,000,000 The Company's Market Capitalization exceeds $15,000,000. Market Capitalization shall mean the total number of shares of issued and outstanding common stock, multiplied by the average closing trade price of the Company's common stock on any 15 of the 20 trading days immediately prior to the date of determination. 9,000,000 The Company’s consolidated gross revenue, calculated in accordance with generally accepted accounting principles, consistently applied, equals or exceeds $2,500,000 for the trailing twelve-month period as reported in the Company’s quarterly or annual financial statements. 15,000,000 The Company’s consolidated net profit, calculated in accordance with generally accepted accounting principles, consistently applied, equals or exceeds $500,000 for the trailing twelve-month period as reported in the Company’s quarterly or annual financial statements.
Schedule of Company Performance Goals. Grantee shall be eligible for the issuance of Restricted Shares for each Company Performance Goal attained as follows: Restricted Shares Company Performance Goals 38,462 The Company’s aggregate net income from operations, for the trailing 4 quarters, as reported in the Company’s quarterly or annual financial statements, equals or exceeds $2,000,000. For further clarification, net income shall the defined as the Gross Profit minus Total Operating Expenses, as reported on the company’s financial statements. 38,462 The Company’s aggregate net income from operations, for the trailing 4 quarters, as reported in the Company’s quarterly or annual financial statements, equals or exceeds $3,000,000. For further clarification, net income shall the defined as the Gross Profit minus Total Operating Expenses, as reported on the company’s financial statements.
Schedule of Company Performance Goals. Grantee shall be eligible for the issuance of Restricted Shares for each Company Performance Goal attained as follows: Restricted Shares Company Performance Goals [40%] The Company’s consolidated gross revenue, calculated in accordance with generally accepted accounting principles, consistently applied, equals or exceeds $2,500,000 for the trailing twelve-month period as reported in the Company’s quarterly or annual financial statements [60%] The Company’s consolidated net profit, calculated in accordance with generally accepted accounting principles, consistently applied, equals or exceeds $500,000 for the trailing twelve-month period as reported in the Company’s quarterly or annual financial statements.
Schedule of Company Performance Goals. Shares of Restricted Stock shall become eligible for vesting (and shall become “Eligible Restricted Shares”) for each Company Performance Goal attained as follows:
Schedule of Company Performance Goals. Grantee shall be eligible for the issuance of Restricted Shares for each Company Performance Goal attained as follows: Restricted Shares Company Performance Goals 1,500,000 The Company's Market Capitalization exceeds $15,000,000. Market Capitalization shall mean the total number of shares of issued and outstanding common stock, multiplied by the average closing trade price of the Company's common stock on any 15 of the 20 trading days immediately prior to the date of determination. 2,250,000 The Company’s consolidated gross revenue, calculated in accordance with generally accepted accounting principles, consistently applied, equals or exceeds $2,500,000 for the trailing twelve-month period as reported in the Company’s quarterly or annual financial statements.
Schedule of Company Performance Goals. Grantee shall be eligible for the issuance of Restricted Shares for each Company Performance Goal attained as follows: -------------------------- ----------------------------------------------------- RESTRICTED SHARES COMPANY PERFORMANCE GOALS -------------------------- ----------------------------------------------------- 4,000,000 The Company's Market Capitalization exceeds $10,000,000. Market Capitalization shall mean the total number of shares of issued and outstanding common stock, multiplied by the closing trade price of the Company's stock on the date of determination. -------------------------- -----------------------------------------------------
