PACT Shares definition
Examples of PACT Shares in a sentence
The purchase consideration for 100% of the equity interest of Holding Company shall consist of (i) the issuance and release of up to 2,330,000 PACT Shares (the “Stock Payment”) and (ii) cash consideration of up to $18,900,000 to be paid upon the completion of certain net profit performance targets (“Earn-Out Amounts”) set forth in Clause 3.5 below, in accordance with the schedule commencing in 2009 through 2012 (the “Earn-Out Years”, being 1 January to 31 December of each year).
Total Number of PACT Shares to be released from the Escrow Maximum 2,330,000 Escrow Shares The Seller will be entitled to all of the Escrow Shares if the Company has achieved Net Profit for the Fiscal Years ending on Dec.
For all services rendered by Executive pursuant to this CONTRACT, the Company shall pay Executive an annual salary of US$160,000, out of which US$100,000 is payable in Cash and US$60,000 is payable in freely tradable and fully registered PACT Shares (the number of PACT Shares to be issued each month is based on the average price of PACT shares during the month).
For all services rendered by Executive pursuant to this CONTRACT, the Company shall pay Executive an annual salary of US$58,000, out of which US$48,000 is payable in Cash and US$10,000 is payable in freely tradable and fully registered PACT Shares (the number of PACT Shares to be issued each month is based on the average price of PACT shares during the month).
PACT Shares ------------------------------------- ------------------------------ ----------------------------------------- 3.