Grouped Into 338 Collections of Similar Clauses From Business Contracts
This page contains Compensation clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Compensation. For the duration of Executive's employment hereunder, the Executive will be entitled to compensation which will be computed and paid pursuant to the following subparagraphs. Base Salary. Employer will pay to Executive a base salary ("Base Salary") at an annual rate of three hundred thousand dollars ($300,000), payable in such installments (but in no event less than monthly), subject to withholdings and deductions as required or permitted by law, as is Employer's policy with respect to other empl...oyees. Executive's Base Salary will be reviewed periodically by the Board of Directors of Employer during the term of Executive's employment and may be adjusted in the sole discretion of the Board of Directors based on such review, but will not be reduced by Employer unless a material adverse change in the financial condition or operations of Employer has occurred or unless Executive's responsibilities are altered to reflect less responsibility. Performance Bonus. Employer under direction of its Board may pay or cause to be paid to Executive such Bonus as it from time to time determines appropriate.View More
Compensation. For the duration of Executive's employment hereunder, the Executive will be entitled to compensation which will be computed and paid pursuant to the following subparagraphs. Base Salary. Employer will pay to Executive a base salary ("Base Salary") at an annual rate of three two hundred fifty thousand dollars ($300,000), Dollars ($250,000), payable in such installments (but in no event less than monthly), subject to withholdings and deductions as required or permitted by law, as is Employer's pol...icy with respect to other employees. Executive's Base Salary will be reviewed periodically by the Board of Directors of Employer during the term of Executive's employment and may be adjusted in the sole discretion of the Board of Directors based on such review, but will not be reduced by Employer unless a material adverse change in the financial condition or operations of Employer has occurred or unless Executive's responsibilities are altered to reflect less responsibility. Performance Bonus. Commission. On the last day of each month in each calendar year in which Executive remains employed by Employer under direction on any day in that month, Executive shall earn commissions equal to 0.5% of its Board may pay global sales revenue invoiced in that calendar month ("Commission"), payable within ten (10) days after it is earned and subject to withholdings and deductions as required or cause to be paid to Executive such Bonus as it from time to time determines appropriate. permitted by law. View More
Compensation. For all services rendered by Executive pursuant to this Agreement, the Company shall pay Executive, subject to her adherence to all of the terms of this Agreement, and Executive shall accept as full compensation hereunder, the following: a. Salary. The Company shall pay Executive an annual salary (the "Base Salary") of $400,000. The Base Salary shall be subject to all appropriate federal and state withholding taxes and shall be payable bi-weekly, in accordance with the normal payroll procedures ...of the Company. The Base Salary shall be subject to an annual review by the Compensation Committee. In the event of an adjustment to the Base Salary, the term "Base Salary" shall refer to the adjusted amount. b. Annual Bonus, Executive shall be eligible for annual cash incentive compensation (the "Annual Bonus") 25-75% of Base Salary] as shall be determined by the Board in accordance with annual performance objectives established by the Board on an annual basis with a target of 50% of Base Salary. The Annual Bonus, if any, shall be paid to Executive in the same manner and at the same time that other senior-level executives of the Company receive their annual bonus awards, as determined by the Board or the Compensation Committee. In order to be eligible for an Annual Bonus, Executive must be in good standing with the Company. The Annual Bonus shall be subject to all appropriate federal and state withholding taxes. 1 c. Restricted Stock Units, As of the date hereof, the Executive will be granted 80,000 restricted stock units of the Company (Nasdaq: ACTG) on the terms and conditions (including the vesting terms) set forth on Exhibit RS (the "Initial Equity Grant"). d. Benefits and Perquisites, The Company shall make benefits available to Executive, including, but not limited to, vacation and holidays, sick leave, health insurance, and the like, to the extent and on the terms made available to other similarly situated employees of the Company. This provision does not alter the Company's right to modify or eliminate any employee benefit and does not guarantee the continuation of any kind or level of benefits. All such benefits shall cease upon the termination of Executive's employment under this Agreement. e. Expenses; Travel, The Company shall reimburse Executive for all reasonable out-of-pocket business and travel expenses incurred in connection with the performance of Executive's duties or professional activities on behalf of the Company in accordance with the Company's reimbursement policies.View More
Compensation. For all services rendered by Executive pursuant to this Agreement, the Company shall Acacia will pay Executive, subject to her his adherence to all of the terms of this Agreement, and Executive shall will accept as full compensation hereunder, the following: a. Salary. The Company shall Acacia will pay Executive an annual salary (the "Base Salary") of $400,000. $450,000. The Base Salary shall will be subject to all appropriate federal and state withholding taxes and shall be payable bi-weekly, i...n accordance with the normal payroll procedures of the Company. Acacia. The Base Salary shall will be subject to an annual review by the Compensation Committee. In the event of an adjustment to the Base Salary, the term "Base Salary" shall refer to the adjusted amount. 1 b. Annual Bonus, Bonus. Executive shall will be eligible for annual cash incentive compensation (the "Annual Bonus") 25-75% ranging from 100-150% of Base Salary] Salary as shall will be determined by the Board in accordance with annual performance objectives established by the Board on an annual basis with a target of 50% of Base Salary. basis. The Annual Bonus, if any, shall will be paid to Executive in the same manner and at the same time that other senior-level executives of the Company receive their annual bonus awards, as determined by the Board or the Compensation Committee. Committee, provided, Executive will have the option to receive all or a portion of his Annual Bonus in stock of the Company (Nasdaq: ACTG). In order to be eligible for an Annual Bonus, Executive must be in good standing with the Company. The Annual Bonus shall will be subject to all appropriate federal and state withholding taxes. 1 c. Restricted Stock Units, Equity Grant. As of the date hereof, the Executive will be granted 80,000 restricted granted: (i) 250,000 stock units options of the Company (Nasdaq: ACTG) on the terms and conditions (including the vesting terms) set forth in the Option Award Agreement, attached hereto as Exhibit D, and (ii) 60,000 restricted stock units of the Company on the terms and conditions (including the vesting terms) set forth in the Restricted Stock Unit Award Agreement, attached hereto as Exhibit RS (the "Initial Equity Grant"). E. 1 In addition, the Executive will be eligible to receive an annual equity award commencing with his compensation package for the 2023 calendar year. d. Contingent Interest Plan. In addition to the annual cash and equity incentives discussed above, the Company intends to implement an equity participation plan related to the performance of the Company's investments in which Executive would be eligible to participate commensurate with Executive's position with the Company. e. Benefits and Perquisites, The Company shall Perquisites. Acacia will make benefits available to Executive, including, but not limited to, vacation and holidays, sick leave, health insurance, bonus plans, and the like, to the extent and on the terms made available to other similarly situated employees senior executives of the Company. This provision does not alter the Company's or Acacia's right to modify or eliminate any employee benefit and does not guarantee the continuation of any kind or level of benefits. All such benefits shall cease upon the termination of Executive's employment under this Agreement. e. f. Expenses; Travel, The Company shall Travel. Acacia will reimburse Executive for all reasonable out-of-pocket business and travel expenses incurred in connection with the performance of Executive's duties or professional activities on behalf of the Company in accordance with Acacia's and the Company's reimbursement policies. View More
Compensation. Section 3(a) of the Agreement is deleted and replaced with the following: (a)Base salary of $400,000 per annum payable as follows: (i) $132,000 in cash consideration, paid in bi-weekly installments; and (ii)$268,000 in restricted stock, in the form of a number of restricted shares that have a fair market value on the grant date (determined based on the New York Stock Exchange reported closing price of the stock on the date of the Company's annual stock grant to employees) equal to $268,000, the ...vesting of which shall occur in three equal installments on the first, second and third anniversary of the grant date.View More
Compensation. Section 3(a) of the Agreement is deleted and replaced with the following: (a)Base a.Base salary of $400,000 $450,000 per annum payable as follows: (i) $132,000 $150,000 in cash consideration, paid in bi-weekly installments; and (ii)$268,000 (ii) $300,000 in restricted stock, in the form of a number of restricted shares that have a fair market value on the grant date (determined based on the New York Stock Exchange reported closing price of the stock on the date of the Company's annual stock gran...t to employees) equal to $268,000, $300,000, the vesting of which shall occur in three equal installments on the second day of the month following the first, second and third anniversary of the grant date. View More
Compensation. Subject to the terms of this Agreement, Executive shall be compensated for his services on and after the Effective Date as follows: a. Base Salary. The Executive shall receive an annual base salary of $500,000 ("Annual Base Salary") and shall be payable in cash at the times consistent with the Company's general policies regarding compensation of employees, but in all events no less frequently than monthly. b. Production Pay. The Executive shall be eligible to participate in production compensati...on in accordance with the policies then in effect at HTS, provided such production pay shall not become payable until it exceeds the Annual Base Salary in a given calendar year. c. Bonus and Long-Term Awards. The Executive shall not be eligible or entitled to participate in, or the payment or award of, any cash bonus and long-term incentive awards. Executive hereby acknowledges and agrees that he is not entitled to the payment of any bonus and granting any long-term incentive awards as of the Effective Date. Notwithstanding the immediately foregoing, restricted stock unit awards granted to the Executive prior to the Effective Date will continue to vest in accordance with their respective terms. d. Employee and Fringe Benefits. Subject to continued employment, the Executive shall be eligible to participate in the employee welfare plans and programs of the Company as in effect from time to time on the same basis as such employee welfare plans are generally provided to employees of the Company from time to time. e. Expense Reimbursement. While the Executive is employed by the Company, the Company shall reimburse the Executive for all reasonable expenses incurred by him in the performance of his duties in accordance with the Company's policies as in effect from time to time. f. Special One-Time Payments. In consideration of, and subject to Executive's compliance with, the covenants provided in Section 6 and in consideration of the Executive executing the Release attached as Exhibit A hereto on the Date of Termination (hereinafter defined), the Company shall pay the Executive the following amounts: (i) $900,000 payable at substantially the same time as bonus payments are made to executives of the Company with respect to calendar 2018 performance, but in any event prior to March 15, 2019; (ii) $500,000 payable at substantially the same time as bonus payments are made to executives of the Company with respect to calendar 2019 performance, but in any event prior to March 15, 2020; and (iii) an amount equal to the cost of COBRA for the Executive and his immediate family for a period of eighteen (18) months following the Date of Termination.View More
Compensation. Subject to the terms of this Agreement, the Executive shall be compensated for his services on and after the Effective Date as follows: a. Base Salary. The Executive shall receive an annual base salary of $500,000 ("Annual Base Salary") and shall be payable in cash at the times consistent with the Company's general policies regarding compensation of employees, but in all events no less frequently than monthly. b. Production Pay. The Executive shall be eligible to participate in production compen...sation in accordance with the policies then in effect at HTS, provided such production pay shall not become payable until it exceeds the Annual Base Salary in a given calendar year. c. Bonus and Long-Term Awards. The Executive shall not be eligible or entitled to participate in, or the payment or award of, any cash bonus and long-term incentive awards. awards on or after the Effective Date. The Executive hereby acknowledges and agrees that he is not entitled to the payment of any bonus and granting any long-term incentive awards as of the Effective Date. Notwithstanding the immediately foregoing, (i) restricted stock unit awards granted to the Executive prior to the Effective Date will continue to vest in accordance with their respective terms. d. terms until the Date of Termination ("hereinafter defined") and (ii) In consideration of, and subject to the Executive's compliance with, the covenants provided in Section 6 and in consideration of the Executive executing the Release attached as Exhibit A hereto on the Date of Termination (hereinafter defined), the Executive shall be entitled to receive his annual incentive bonus in accordance with the program adopted by the Compensation Committee of the Board of Directors of the Company for the fiscal year ended December 31, 2019 , subject to the terms of said annual incentive bonus program, and any such bonus shall be payable under this Section 3.b. (ii) shall be paid on or before March 15, 2020. c. Employee and Fringe Benefits. Subject to continued employment, the Executive shall be eligible to participate in the employee welfare plans and programs of the Company as in effect from time to time on the same basis as such employee welfare plans are generally provided to employees of the Company from time to time. e. The Executive hereby acknowledges and agrees that he is not entitled to the payment of, or reimbursement for, any automobiles or clubs. d. Expense Reimbursement. While the Executive is employed by the Company, the Company shall reimburse the Executive for all reasonable expenses incurred by him in the performance of his duties in accordance with the Company's policies as in effect from time to time. f. e. Special One-Time Payments. In consideration of, and subject to the Executive's compliance with, the covenants provided in Section 6 and in consideration of the Executive executing the Release attached as Exhibit A hereto on the Date of Termination (hereinafter defined), Termination, the Company shall pay the Executive the following amounts: (i) $900,000 $1,250,000, payable at substantially the same time as bonus payments are made to executives of the Company with respect to calendar 2018 performance, but in any event prior to March 15, 2019; (ii) $500,000 payable at substantially the same time as bonus payments are made to executives of the Company with respect to calendar 2019 performance, but in any event prior to March 15, January 31, 2020; and (iii) (ii) an amount equal to the cost of COBRA for the Executive and his immediate family for a period of eighteen (18) twelve (12) months following the Date of Termination. View More
Compensation. a. As compensation for the Services to be rendered pursuant to this Agreement, Oncternal shall pay you at the rate of $12,000 per month. If your efforts exceed 8 days per month, you will be compensated at $200 per hour. You shall not be entitled to any other compensation or benefits for the Services. Oncternal shall make all payments in accordance with this Section 2(a) within thirty (30) days of receipt of an invoice from you itemizing the number of hours and/or any fractions thereof during whi...ch Services were rendered hereunder. b. In addition, subject to approval of the Company's board of directors, you will be granted stock options to purchase 300,000 shares of the Company's common stock at an exercise price per share equal to the fair market value per share of the Company's common stock on the date of grant (the "Stock Options"). The Stock Options will be granted pursuant to the Company's equity incentive plan (the "Plan"). The Stock Options will be subject to the terms and conditions of the Plan and your stock option agreement. The Stock Options will vest over a three-year vesting schedule. c. In addition, you shall be reimbursed for air travel (economy class) necessary and requested by Oncternal, and all reasonable living expenses, including, but not limited to, car rental, meals and lodging incurred by you when rendering Services for Oncternal at locations away from your home or business. Any single expense in excess of Five Hundred Dollars ($500.00) must be pre-approved in writing by Onctemal. Onctemal shall make all payments in accordance with this Section 2(b) within thirty (30) days of receipt of an invoice from you itemizing your travel and other reimbursable expenses, including receipts for incidental expenses. Any amounts payable under this Section 2(b) shall be made in accordance with Treasury Regulation Section 1.409A-3(i)(1)(iv) and shall be paid on or before the last day of your taxable year following the taxable year in which you incurred the expenses. The amounts provided under this Section 2(b) during any taxable year of yours will not affect such amounts provided in any other taxable year of yours, and your right to reimbursement for such amounts shall not be subject to liquidation or exchange for any other benefit. d. All cash compensation payments shall be included in your gross income as compensation for Services rendered and accordingly reported to the United States Internal Revenue Service on IRS Form 1099. You shall be responsible for payment of all taxes, including Social Security taxes, on income earned under this Agreement.View More
Compensation. a. As a.As compensation for the Services to be rendered pursuant to this Agreement, Oncternal shall pay you at the rate of $12,000 $175.00 per month. If your efforts exceed 8 days per month, you will be compensated at $200 per hour. hour, including for Services provided to the Company from the period commencing June 19, 2019, through the effective date of this agreement. You shall not be entitled to any other compensation or benefits for the Services. Oncternal shall make all payments in accorda...nce with this Section 2(a) within thirty (30) days of receipt of an invoice from you itemizing the number of hours and/or any fractions thereof during which Services were rendered hereunder. b. In addition, subject to approval of the Company's board of directors, you hours. b.You will be granted stock options to purchase 300,000 shares of the Company's common stock at an exercise price per share equal to the fair market value per share of the Company's common stock on the date of grant (the "Stock Options"). The Stock Options will be granted pursuant to the Company's equity incentive plan (the "Plan"). The Stock Options will be subject to the terms and conditions of the Plan and your stock option agreement. The Stock Options will vest over a three-year vesting schedule. c. In addition, you shall be reimbursed for air travel (economy class) class for all domestic flights and international flights under 5 hours in duration; business class for international flights longer than 5 hours) necessary and requested in writing by Oncternal, and all reasonable living expenses, including, but not limited to, car rental, meals and lodging incurred by you when rendering Services for Oncternal at locations away from your home or business. Any single expense in excess of Five Hundred Dollars ($500.00) must be pre-approved in writing by Onctemal. Onctemal Oncternal shall make all payments in accordance with this Section 2(b) within thirty (30) days of receipt of an invoice from you itemizing your travel and other reimbursable expenses, including receipts for incidental expenses. Any amounts payable under this Section 2(b) shall be made in accordance with Treasury Regulation Section 1.409A-3(i)(1)(iv) and shall be paid on or before the last day of your taxable year following the taxable year in which you incurred the expenses. The amounts provided under this Section 2(b) during any taxable year of yours will not affect such amounts provided in any other taxable year of yours, and your right to reimbursement for such amounts shall not be subject to liquidation or exchange for any other benefit. d. All c.All cash compensation payments shall be included in your gross income as compensation for Services rendered and accordingly reported to the United States Internal Revenue Service on IRS Form 1099. You shall be responsible for payment of all taxes, including Social Security taxes, on income compensation earned under this Agreement. View More
Compensation. For the Consulting Services rendered during the Term, the following compensation/fees shall be due and owing the Consultant from the Company: (a) Simultaneous with the execution of this Agreement, Company shall issue and immediately and irrevocably deliver to Consultant, Two Hundred Seventy-Five Thousand (275,000) restricted shares of Common Stock of the Company (the "Shares") and Fifty Thousand United States Dollars ($50,000 USD) (the "Cash Fee"). (b) The Shares and Cash Fee are deemed and agre...ed to be a commencement incentive and consideration now due and owing for Consultant entering into this Agreement and performing Consultant's duties during the Term of this Agreement. Company acknowledges that Consultant has foregone other opportunities to enter into this Agreement and to reserve sufficient resources to perform its duties throughout the Term (including preliminary research, diligence and infrastructure set up for Company's account), and that Company therefore derives immediate benefit as a result of these actions taken by the Consultant hereunder. (c) If the Company has not previously terminated this Agreement pursuant to Section 1, on the three (3) month anniversary of this Agreement, Company shall issue and immediately and irrevocably deliver to Consultant or its designated assignee, Seventy-Five Thousand (75,000) additional restricted shares of Common Stock of the Company. Following such issuance of additional shares [as well as the additional shares as set forth in this Section 4(d) and (e)] all references to "Shares" herein shall also refer to such additional shares except that Section 4(b) above is not applicable to the additional shares. (d) If the Company has not previously terminated this Agreement pursuant to Section 1, on the seven (7) month anniversary of this Agreement, Company shall issue and immediately and irrevocably deliver to Consultant or its designated assignee, Two Hundred Thousand (200,000) additional restricted shares of Common Stock of the Company. (e) If the Company has not previously terminated this Agreement pursuant to Section 1, on the ten (10) month anniversary of this Agreement, Company shall issue and immediately and irrevocably deliver to Consultant or its designated assignee, One Hundred Thousand (100,000) additional restricted shares of Common Stock of the Company. (f) Consultant shall not be issued, at any time during the Term or any extension thereof, such number of shares of NAOV common stock that would result in beneficial ownership by the Consultant and its affiliates of more than 9.99% of the outstanding shares of Company Common Stock. (g) The Company agrees to take any and all action(s) necessary to clear the Shares and each issuance of additional shares awarded to Consultant under this Section 4 of restriction upon presentation of any Rule 144 application by Consultant or its broker, including, without limitation, (i) authorizing the Company's transfer agent to remove the restrictive legend on the subject Shares or additional shares, (ii) expediting the acquisition of a legal opinion from Company's authorized counsel at Company's expense (or, in the event Consultant uses its own counsel, at company's expense up to $500) favorably opining as to the removal of the restrictive legend, and (iii) cooperating and communicating with Consultant and its broker in order to use the Company's commercially reasonable best efforts to clear the subject shares of restriction as soon as possible after presentation of a Rule 144 application by Consultant or its broker to either the Company or its transfer agent. Further, the Company agrees not to unreasonably withhold or delay approval of any application filed by Consultant or its broker under Rule 144 to clear the subject shares or additional shares of restriction. (h) The Company (i) agrees that its Board of Directors has approved this Agreement and that it will appropriately and timely disclose the issuance of the Shares as issued in its SEC filing(s) if required by applicable securities laws; (ii) shall provide Consultant with a true and correct copy of the Company Board Resolution authorizing the issuance of the Shares; and (iii) represents and warrants that the Shares issued to Consultant as compensation hereunder shall be validly issued, fully paid and non-assessable. (i) The Parties shall negotiate and agree in good faith regarding Consultant's compensation package for any consulting services to be provided beyond the scope of this Agreement and/or beyond the Term depending upon the Company's needs at such time and the services being requested of Consultant. (j) The registration name on all stock certificates delivered to Consultant shall be "Bespoke Growth Partners, Inc." unless Consultant advises otherwise in a writing signed by its CEO.View More
Compensation. For the Consulting Services rendered during the Term, Term the following compensation/fees shall be due and owing the Consultant from the Company: (a) Simultaneous with the execution of this Agreement, Company shall issue and immediately and irrevocably deliver to Consultant, Two Hundred Seventy-Five Thousand (275,000) restricted Consultant 5,000,000 shares of Common Stock of the Company (the "Shares") and Fifty Thousand United States Dollars ($50,000 USD) (the "Cash Fee"). "Shares"). (b) The Sh...ares and Cash Fee are deemed and agreed to be a commencement incentive and consideration now due and owing for Consultant entering into this Agreement and performing Consultant's duties during the Term of this Agreement. Company acknowledges that Consultant has foregone other opportunities to enter into this Agreement and to reserve sufficient resources to perform its duties throughout the Term (including preliminary research, diligence and infrastructure set up for Company's account), and that Company therefore derives may derive immediate benefit as a result of these actions taken by the Consultant hereunder. (c) If the Company has not previously terminated this Agreement pursuant to Section 1, on On the three (3) month anniversary of this Agreement, Company shall issue and immediately and irrevocably deliver to Consultant or its designated assignee, Seventy-Five Thousand (75,000) additional restricted shares of Common Stock of the Company. Following such issuance of additional shares [as well as the additional shares as set forth in provided that this Section 4(d) and (e)] all references to "Shares" herein shall also refer to such additional shares except that Section 4(b) above is not applicable to the additional shares. (d) If the Company Agreement has not previously been terminated this Agreement pursuant to Section 1, on the seven (7) month anniversary of this Agreement, Company shall issue and immediately and irrevocably deliver meet in person or by telephone to Consultant or its designated assignee, Two Hundred Thousand (200,000) additional restricted shares discuss the possibility of Common Stock of expanding the Company. (e) If Consulting Services offered to the Company has not previously terminated this Agreement pursuant to Section 1, on the ten (10) month anniversary of this Agreement, Company shall issue by Consultant and immediately and irrevocably deliver to Consultant or its designated assignee, One Hundred Thousand (100,000) whether any additional restricted shares of Common Stock of the Company. (f) compensation should be due Consultant. (d) Consultant shall not be issued, at any time during the Term or any extension thereof, such number of shares of NAOV GOVX common stock that would result in beneficial ownership by the Consultant and its affiliates of more than 9.99% of the outstanding shares of Company Common Stock. (g) (e) The Company agrees to take any and all action(s) necessary to clear the Shares and each issuance of additional shares awarded to Consultant under this Section 4 of restriction upon presentation of any Rule 144 application by Consultant or its broker, including, without limitation, (i) authorizing the Company's transfer agent to remove the restrictive legend on the subject Shares or additional shares, Shares, (ii) expediting the acquisition of a legal opinion from Company's authorized counsel at Company's expense (or, in the event Consultant uses its own counsel, at company's expense up to $500) favorably opining as to the removal of the restrictive legend, and (iii) cooperating and communicating with Consultant and its broker in order to use the Company's commercially reasonable best efforts to clear the subject shares of restriction as soon as possible after presentation of a Rule 144 application by Consultant or its broker to either the Company or its transfer agent. Further, the Company agrees not to unreasonably withhold or delay approval of any application filed by Consultant or its broker under Rule 144 to clear the subject shares or additional shares of restriction. (h) (f) The Company (i) agrees that its Board of Directors has approved this Agreement and that it will appropriately and timely disclose the issuance of the Shares as issued in its SEC filing(s) if required by applicable securities laws; (ii) shall provide Consultant with a true and correct copy of the Company Board Resolution authorizing the issuance of the Shares; and (iii) represents and warrants that the Shares issued delivered to Consultant as compensation hereunder shall be validly issued, fully paid and non-assessable. (i) (g) The Parties shall negotiate and agree in good faith regarding Consultant's compensation package for any consulting services to be provided beyond the scope of this Agreement and/or beyond the Term depending upon the Company's needs at such time and the services being requested of Consultant. (j) (h) The registration name on all stock certificates delivered to Consultant shall be "Bespoke Growth Partners, Inc." unless Consultant advises otherwise in a writing signed by its CEO. View More
Compensation. As compensation for the services provided herein, subject to the approval of the Company's Board of Directors, the Director shall receive non-qualified stock options to purchase up to 75,000 shares of the Company's common stock, par value $0.00001 per share (the "Options"), and restricted stock units equivalent to 25,000 shares of the Company's common stock, par value $0.00001 per share (the "RSUs"), (subject to adjustment for any reverse or forward stock split) issued under the Company's 2018 E...quity Incentive Plan (the "Plan"), in accordance with the terms of a Stock Option Agreement in substantially the form attached hereto as Exhibit A. Subject to the terms of forfeiture, termination and acceleration provided for in the Plan, the Options and the RSUs shall each vest over twenty four months (24) months in equal quarterly installments. The Options shall have an exercise price of $5.53 per share. -1- 3. Reimbursement of Expenses. The Company will reimburse Director for qualified business expenses incurred on behalf of the Company in discharging Director's duties as member of the Board of Directors, provided that any such expense in excess of $100 is approved in advance by the Company's Chief Executive Officer or Chief Financial Officer and provided further that Director shall provide the Chief Financial Officer with reasonable substantiating documentation relating to such expenses prior to reimbursement. Upon the conclusion of Director's service hereunder, any property of the Company, including, without limitation, laptops, personal computers and related equipment, used by Director may (if the Company agrees) be purchased by Director from the Company at its then current fair market value, to be determined in good faith by the Chief Financial Officer of the Company, or returned to the Company.View More
Compensation. As compensation for the services provided herein, subject to the approval of the Company's Board of Directors, the Director shall receive non-qualified stock options to purchase up to 75,000 72,500 shares of the Company's common stock, par value $0.00001 per share (the "Options"), and restricted stock units equivalent to 25,000 shares of the Company's common stock, par value $0.00001 per share (the "RSUs"), (subject to adjustment for any reverse or forward stock split) split), issued under the C...ompany's 2018 Equity Incentive Plan (the "Plan"), in accordance with the terms of a Stock Option Agreement in substantially the form attached hereto as Exhibit A. Subject to the terms of forfeiture, termination and acceleration provided for in the Plan, the Options and the RSUs each such Option shall each vest over twenty four months (24) 24 months in equal quarterly installments. The Options shall have installments of 8 quarters, with an exercise price of $5.53 $4.61 per share. -1- 1 3. Reimbursement of Expenses. The Company will reimburse Director for qualified business expenses incurred on behalf of the Company in discharging Director's duties as member of the Board of Directors, provided that any such expense in excess of $100 is approved in advance by the Company's Chief Executive Officer or Chief Financial Officer and provided further that Director shall provide the Chief Financial Officer with reasonable substantiating documentation relating to such expenses prior to reimbursement. Upon the conclusion of Director's service hereunder, any property of the Company, including, without limitation, laptops, personal computers and related equipment, used by Director may (if the Company agrees) be purchased by Director from the Company at its then current fair market value, to be determined in good faith by the Chief Financial Officer of the Company, or returned to the Company. View More
Compensation. (a) Your initial base salary for this exempt position will be paid bi-weekly, equal to $100,000 per year. (b) You will be eligible for a target bonus of 50% of your base salary, based on achievement of mutually acceptable goals developed by you and your manager, and the Company's achievement of its corporate goals. These goals, and the terms of the target bonus, will be communicated to you at a later date.
Compensation. (a) a. Your initial base salary for this exempt position will be paid bi-weekly, equal to $100,000 $324,600 per year. (b) b. You will be eligible for a target bonus of 50% 30% of your base salary, based on achievement of mutually acceptable goals developed by you and your manager, and the Company's achievement of its corporate goals. These goals, and the terms of the target bonus, will be communicated to you at a later date.
