Stipend. In addition to quarterly equity compensation, Director shall be paid a $10,000 quarterly cash stipend at the closing of each financial quarter. One stipend payment shall be payable within ten (10) calendar days of the Signing Date, and subsequent stipend payments shall be due within ten (10) calendar days of the financial quarter closing dates (December 31, 2022, March 31, 2023, June 30, 2023) until the 2023 annual shareholder meeting).
Appears in 4 contracts
Samples: Board of Directors Agreement (Atlis Motor Vehicles Inc), Board of Directors Agreement (Atlis Motor Vehicles Inc), Board of Directors Agreement (Atlis Motor Vehicles Inc)
Stipend. In addition to quarterly equity compensation, Director shall be paid a $10,000 15,000 quarterly cash stipend at the closing of each financial quarter. One stipend payment shall be payable within ten (10) calendar days of the Signing Date, and subsequent stipend Stipend payments shall be due within ten (10) calendar days of the financial quarter closing dates (June 30, 2023, September 30, 2023, December 31, 20222023, March 31, 2023, June 30, 20232024) until the 2023 2024 annual shareholder meeting).
Appears in 3 contracts
Samples: Board of Directors Agreement (Nxu, Inc.), Board of Directors Agreement (Nxu, Inc.), Board of Directors Agreement (Nxu, Inc.)
