Stock in Lieu of Cash Compensation Sample Clauses

Stock in Lieu of Cash Compensation. Advisor will be paid in restricted Common Stock of ACCI. The ratio that will govern the amount of stock considered equal to an amount of cash fee will be 1.20:1 ($1.20 in stock will be considered equal to $1.00 in cash). To determine the exact number of shares to be awarded in lieu of cash, the "Stock Equivalent" shall be divided by the closing bid price of the shares as quoted on the OTC:BB as of November 27, 2001, which is $.05 per share. Utilizing the calculation described above, 800,000 shares of restricted ACCI common stock, par value $ .001 per share, will be issued to satisfy the compensation due under this Agreement. All shares will be issued according to all state and federal rules and regulations. Company shall use all reasonable and best efforts to prepare and file a Form S-8 Registration Statement covering the registration of the above-referenced shares within 10 days in of the date of the execution of this Agreement. Company will bear the full expense of the Form S-8 Registration filing.
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Stock in Lieu of Cash Compensation. In the sole discretion of the Company, the Company may elect to compensate the Project Manager in common stock of the Company, which the Project Manager hereby agrees to accept. If the common stock of the Company at the time of compensation is "restricted" (as that term is defined in the Securities Act of 1933), then the Company shall issue that number of shares having a value equal to twice the value of cash compensation then due; and if the common stock of the Company at the time of compensation is "registered" (as that term is defined in the Securities Act of 1933), then the Company shall issue that number of shares having a value equal to the value of cash compensation then due. The value of the stock at the time of compensation shall be the average closing price shown on the electronic bulletin board or other public trading forum for the immediately preceding ten (10) business days (referred to herein as "Calculated Valuation Price").
Sample 1
Stock in Lieu of Cash Compensation. Advisor will be paid in restricted Common Stock of PMCY. The ratio that will govern the amount of stock considered equal to an amount of cash fee will be 1.25:1 ($1.25 in stock will be considered equal to $1.00 in cash). To determine the exact number of shares to be awarded in lieu of cash, the "Stock Equivalent" shall be divided by the agreed to price of $1.00 per share which was selected by negotiation of the parties. Utilizing the calculation described above, 10,000 shares of restricted PMCY common stock, par value $0.001 per share, will be issued to satisfy the compensation due under this Agreement. All shares will be issued according to all state and federal rules and regulations. Company shall use all reasonable and best efforts to prepare and file a Form S-8 Registration Statement covering the registration of the above-referenced shares within 10 days in of the date of the execution of this Agreement. Company will bear the full expense of the Form S-8 Registration filing.
Sample 1

Related to Stock in Lieu of Cash Compensation

  • Cash Compensation The Company shall pay to the Executive compensation for his services during the Contract Period as follows:

  • Public Cash Contribution The Parties acknowledge that, in connection with the Offering, public investors, through the Underwriters, shall make a capital contribution to the Partnership of $[ ] million in cash (the “IPO Proceeds”) in exchange for [ ] Common Units (the “Firm Units”) representing an aggregate [ ]% limited partner interest in the Partnership, and new limited partners are being admitted to the Partnership in connection therewith.

  • Basic Compensation (a) SALARY. Executive will be paid an annual base salary of $115,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salary.

  • Stock Compensation The Executive shall be eligible to receive stock-based compensation, whether stock options, stock appreciation rights, restricted stock grants or otherwise, under the Parent’s Amended and Restated 2004 Long Term Incentive Plan or other stock-based compensation plans as Parent may establish from time to time (collectively, the “Plans”). The Executive shall be considered for such grants no less often than annually as part of the Board’s annual compensation review, but any such grants shall be at the sole discretion of the Board.

  • Bonus Compensation The Executive shall not receive any bonus payment whatsoever pursuant to Section 3.02 or the Bonus Plan except such bonus which is already earned and due to be paid up to and including the Termination Date, notwithstanding any period following the Termination Date during which the Executive may receive any payments or benefits under the terms of the Agreement.

  • Incentive and Bonus Compensation The Executive shall be eligible to participate in the Company’s existing and future bonus and stock option plans and other incentive compensation programs for similarly situated executives (collectively, “Plans”), to the extent that the Executive is qualified to participate in any such Plan under the generally applicable provisions thereof in effect from time to time. Such eligibility is not a guarantee of participation in or of the receipt of any award, payment or other compensation under any Plan. To the extent the Executive does participate in a Plan and the Plan does not expressly provide otherwise, the Chief Executive Officer and/or the Board, as appropriate, may determine all terms of participation (including, without limitation, the type and size of any award, payment or other compensation and the timing and conditions of receipt thereof by the Executive) in the Chief Executive Officer’s or the Board’s sole and absolute discretion. Nothing herein shall be deemed to prohibit the Company or the Board from amending or terminating any and all Plans in its sole and absolute discretion. Except as otherwise provided herein, the terms of each Plan shall govern the Executive’s rights and obligations thereunder during the Executive’s employment and upon the termination thereof. Without limiting the generality of the foregoing, the definition of “Cause” hereunder shall not supersede the definition of “cause” in any Plan (unless the Plan expressly defers to the definition of “cause” under an executive’s employment agreement) and any rights of the Executive hereunder upon and subsequent to the termination of the Executive’s employment shall be in addition to, and not in lieu of, any right of the Executive under any Plan then in effect upon or subsequent to a termination of employment.

  • Cash Incentive Compensation During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual cash incentive compensation shall be 40 percent of the Executive’s Base Salary. Except as otherwise provided herein, to earn cash incentive compensation, the Executive must be employed by the Company on the day such cash incentive compensation is paid.

  • Salary Compensation As salary compensation for Employee's services hereunder and all the rights granted hereunder by Employee to the Company, the Company shall pay Employee a gross salary of not less than $175,000 during the term of this Agreement. Employee's salary shall be payable in bi-weekly increments in accordance with the Company's payroll practices for salaried employees, upon the condition that Employee fully and faithfully performs Employee's services hereunder in accordance with the terms and conditions of this Agreement. The Company shall deduct and withhold from the compensation payable to Employee hereunder any and all amounts required to be deducted or withheld by the Company under the provisions of any statute, regulation, ordinance, or order and any and all amendments hereinafter enacted requiring the withholding or deducting from compensation payable to employees.

  • Equity Compensation Executive will continue to be eligible to receive stock and option grants, and other equity compensation awards (“Awards”), as determined by the Board or any committee thereof in the Board’s or such committee’s sole discretion.

  • Full Compensation The payments that will be made to Employee or for his benefit pursuant to this Separation Agreement shall compensate him for and extinguish any and all claims he may have arising out of his employment with Deluxe or his employment termination as of the effective date of the Release, including but not limited to claims for attorneys' fees and costs, and any and all claims for any type of legal or equitable relief.

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