Common use of Schedule of Company Performance Goals Clause in Contracts

Schedule of Company Performance Goals. Grantee shall be eligible for the issuance of Restricted Shares for each Company Performance Goal attained as follows: 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. 1, 125,000 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. 1,875,000 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: 750,000 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. 1, 125,000 . 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. 1,875,000 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: 750,000 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. 1, 125,000 . 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. 1,875,000 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.