Common use of Stock Incentive Clause in Contracts

Stock Incentive. The Employee shall also have the right to purchase fifty Million (50,000,000) shares of common stock at par value of the Company’s Common Stock at a price of .0001. These share will be restricted shares of common stock. The employee shall also be granted 2.500.000 shares of stock every quarter on the 15 day of the following month ie june 15 sept 15 dec 15 march 15.

Appears in 3 contracts

Samples: Employment Agreement (On4 Communications Inc.), Employment Agreement (On4 Communications Inc.), Employment Agreement (On4 Communications Inc.)

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Stock Incentive. The Employee shall also have the right to purchase fifty Million (50,000,000) shares of common stock at par value of the Company’s Common Stock at a price of .0001. These share will be restricted shares of common stock. The employee shall also be granted 2.500.000 shares of stock every quarter on the 15 day of the following month ie june June 15 sept 15 dec 15 march 15.

Appears in 1 contract

Samples: Employment Agreement (On4 Communications Inc.)

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