Stock Program. The Employee shall be provided with his current ------------- equity holdings in the new GFP Group, Inc., which upon sale of the Company to a third party ("New Co.," presumable GTR) shall equal not less than 270,000 shares of the New Co. (up to 10,000,000 shares authorized, up to 5,000,000 shares issued).
Appears in 2 contracts
Samples: Share Exchange Agreement (Globaltel Resources Inc), Share Exchange Agreement (Communications Systems International Inc)
Stock Program. The Employee shall be provided with his current ------------- equity ------------------- holdings in the new GFP Group, Inc., which upon sale of the Company to a third party ("New Co.," presumable ", presumably GTR) shall equal not less than 270,000 shares of the New Co. (up to 10,000,000 shares authorized, up to 5,000,000 shares issued).
Appears in 2 contracts
Samples: Share Exchange Agreement (Communications Systems International Inc), Share Exchange Agreement (Globaltel Resources Inc)
