Terms and Consideration Sample Clauses
The "Terms and Consideration" clause defines the essential conditions of the agreement and specifies what each party will provide or receive in exchange for their obligations. Typically, this clause outlines the duration of the contract, payment amounts, timelines, and the nature of goods or services exchanged. By clearly stating these elements, the clause ensures both parties understand their commitments and the value being exchanged, thereby reducing the risk of disputes and misunderstandings.
Terms and Consideration. In consideration for Executive’s execution of this Agreement, but subject to the paragraph in this Agreement titled “Review Period and Revocation” and the terms of the paragraph titled “Consideration and Remedy,” the Company agrees to provide to Executive the following payments and benefits:
Terms and Consideration. This lease shall be for a term of TWENTY (20) YEARS from the date hereof. A royalty of $0.20 per ton by weight, for all sand and $0.25 per ton for all gravel, will be paid to the LESSOR by the 20th day of the month following shipment. A tabulation of the proceeding month's shipments will be made from d▇▇▇ tickets issued to each separate carrier leaving the property. Official railroad scale weights will be used to verify shipments made by The LESSOR shall grant the LESSEE three (3) additional options of five (5) years each. The royalty to be paid by LESSEE to LESSOR shall be renegotiated by the parties each time the LESSEE chooses to exercise its additional options and set out in writing as an addendum to this Lease Agreement. Production will begin within Eight (8) months of the date of this contract. A minimum royalty payment of $l,500.00 per month will begin during the NINTH month whether or not the production and sale of material has begun. Any and all payments of this nature will be considered as prepaid royalty which will be credited against future shipments, and such payments will be payable for the life of this lease and any extensions thereof whether production ever begins or stops at any time. The LESSEE shall have the right to stockpile or store such material on the property covered by the lease at no cost other than the royalty paid as stated above. LESSEE shall have SIX (6) MONTHS to sell and remove such stockpiled material after the expiration of the lease; or any renewal or cancellation thereof. In the event any stockpiled material remains on the premises beyond this SIX (6) MONTHS period, the LESSEE, at its option shall pay to LESSOR a reasonable rent which shall he negotiated by the parties or shall donate the stockpiled materials to the LESSOR.
Terms and Consideration. This Agreement shall be effective for a period of twelve months commencing on the date first written above (the "Engagement Period"), unless extended by mutual written agreement of the Company and the Consultant. In consideration for the Consultant's work hereunder, Royal Palm has previously agreed to issue to Consultant, upon execution of this Agreement, 3,966,700 shares of common stock for a total purchase price of $500.00 (.000126049(cent) per share). The Shares shall be non-assessable, non-refundable and contain customary terms.
Terms and Consideration. The term of the tenancy shall be from today til , and thereafter month to month, and occupant shall pay as rental for the storage unit the sum of $ per month, the first monthly payment being due and payable upon the execution of this Agreement. Thereafter, the monthly rental shall be due on the first day of the month as the date of this Agreement at the address of the operator. (THE RENT SHALL NOT BE REFUNDABLE IN WHOLE OR IN PART). At the time of execution of this Agreement, occupant shall deposit the sum of $ n/a with the operator to guarantee and insure that no damages to the locker room space shall occur while occupant occupies said space, to insure that occupant notified operator as soon as possible that he has vacated the space, and as security for any unpaid charges or any costs of disposition of property. Occupant shall not sublease said premises without written consent of Operator.
Terms and Consideration. Alberta hereby sells, grants and conveys to Blast co-ownership, and the unrestricted right to use the Technology as defined in paragraph 1, and to license such use to others, world-wide, consistent with the License Approval provisions in 15 & 16 below, upon payment of the partial consideration and progressive purchase described in 9.d below. Consideration for such ownership, including terms for sharing revenues as part payment of such consideration, and restrictions upon ownership pending payment of certain consideration, are as follows:
Terms and Consideration. (a) The term of this Agreement shall be for a period of Twelve (12) months commencing from the Effective Date of this Agreement (the “Engagement Period”), unless extended by mutual written agreement of the Company and the Consultant. The Company shall pay Consultant equity in the form of Two Million (2,000,000) shares of restricted common stock and One Million (1 million) five year term common stock purchase warrants exercisable at twenty-five cents (.25) with piggy-back registration rights. In the event the common shares underlying the warrants are not registered, then the warrants will have a cashless exercise feature. Cash compensation shall be $5,000 per month payable upon execution of this agreement.
(b) Should the Company do any acquisition, merger, joint venture, or sale of substantially all of its assets (the “Transaction”) which is sourced through the Consultant, then Company shall execute with the Consultant an engagement letter related to any such Transaction, which shall include a 6% cash commission to Consultant and 6% common stock as is standard for the Consultant, in addition to any other fees as may be set forth herein..
Terms and Consideration. This Agreement shall be effective for a period of twelve months commencing on the date first written above (the "Engagement Period"), unless extended by mutual written agreement of the Company and the Consultant. The Company shall issue to Consultant, upon execution of this Agreement, 250,000 common stock purchase warrants (the "Warrants") exercisable for a period of five (5) years, with exercise price of $1.50. The Warrants shall be non-assessable, non-refundable and contain customary terms, including, but not limited to, piggyback registration rights, and cashless exercise provisions. Additionally, the company shall issue 400,000 common stock purchase warrants (the "Warrants") exercisable for a period of five (5) years, with exercise price of $1.75. The Warrants shall be non-assessable, non-refundable and contain customary terms, including, but not limited to, piggyback registration rights, and cashless exercise provisions.
Terms and Consideration. This Agreement shall be effective for a period of three years commencing on the date first written above (the “Engagement Period”). The Company shall issue to Consultant, upon execution of this Agreement, a three-year option to purchase 200,000 shares of the Company’s common stock with an exercise price of forty cents ($0.40) as of the date of this agreement. The option shall contain a mandatory conversion provision if the Company’s stock trades at $1.00 for 15 trading days. The Company will grant the Consultant piggyback registration rights, but in no event will the Company file a registration statement later than May 31, 2003.
Terms and Consideration. This Agreement shall be effective for a period of three years commencing on the date first written above (the "Engagement Period"). The Company shall issue to Consultant, upon execution of this Agreement, 200,000 common stock purchase warrants (the "Warrants") exercisable for a period of three (3) years, with an exercise price equal to $1.00. The Warrants shall contain customary terms, including, but not limited to, demand and piggyback registration rights
Terms and Consideration. In connection with any Tag-Along Sale, subject to Section 8.11, each Tagging Member shall receive the same per unit consideration (including in respect of the amount and form of consideration) for any of its Class A Units that are actually included in the Tag-Along Sale pursuant to this Section 8.9. Each Tagging Member shall otherwise be entitled to participate in such Tag-Along Sale on terms and conditions no less favorable in any material respect than those that apply to the Tag-Along Seller. The consideration to be paid in respect of the Class A Units owned by a Tagging Member that are actually included in such Tag-Along Sale in accordance with this Section 8.9 shall be an amount equal to the aggregate amount that would be distributed to such Tagging Member pursuant to Section 6.4 in respect of such Class A Units in a hypothetical liquidation of the Company, which aggregate liquidation value of the Company shall be based on the aggregate purchase price to be paid in respect of the Class A Units proposed to be sold by the Tag-Along Rightholders in the Tag-Along Sale.