Stock Compensation. In order to induce loyal and continuous services by the Executive to the Company after the merger of Beeline into East Acquisition Sub, Inc., the following text is hereby inserted as [Section 2(d)] and Section 2(e) of the Employment Agreement:
Stock Compensation. Promptly after the execution of this Amendment to the Employment Agreement, the Company will issue to Executive four hundred thousand (400,000) shares of the Company’s common stock (the “Shares”) and shall deliver to Executive a Notice of Vesting issued by the Company’s transfer agent identifying Executive as the holder of the Shares. Executive may not transfer the Shares until they are vested, and the Company may direct its transfer agent to reflect that restriction on the Company’s shareholder list. The Shares will vest on the earlier of # March 31, 2025 or # the date on which Executive’s employment is terminated by the Company without Cause (as defined in [Section 7(b)] of the Employment Agreement) or # the date on which the Executive terminates his employment with Good Reason (as defined in [Section 7(c)] of the Employment Agreement). In the event that Executive’s employment is terminated by Executive without Good Reason prior to the vesting of the Shares, the Company’s grant of the Shares to Executive shall be revoked, and the Company shall be entitled to instruct the Company’s transfer agent that the Shares should be transferred from Executive’s account to the Company’s treasury and reclassified as authorized and unissued.
As compensation for his services hereunder, the Company shall pay to Executive during the Term:
Compensation. Subject to the approval of the Companys Board of Directors, Advisor will be granted a nonstatutory stock option under the Companys 2014 Equity Incentive Plan to purchase up to 142,132 shares of the Companys Common Stock. 1/24th of the aggregate number of shares subject to such option shall vest on the corresponding day of each month after July 30th 2014 subject to Advisor continuing to be a service provider to the Company through each such date. The option will be evidenced by and subject to all of the terms of the Companys form of stock option agreement.
Compensation. As compensation for your services to the Company,you will receive upon execution of this Agreement a compensation of $30,000 for each calendar year of service under this Agreement on a pro-rated basis,payable on a monthly basis.You shall be reimbursed for reasonable expenses incurred by you in connection with the performance of your Duties (including travel expenses for in-person meetings).
Compensation. During the Management Period, the Company shall remit to the Manager those amounts distributable pursuant to the allocation and distribution scheme in Section 3(b) above.
Compensation. In consideration for the Consulting Services rendered by the Consultant hereunder, the Company shall pay the Consultant compensation as follows;
Compensation. In consideration for the services rendered by the Employee hereunder, the Company shall pay the Employee compensation as follows:
Compensation. CEO shall be paid compensation for services as provided in this [Section 3]. All compensation paid under this Agreement will be paid to CEO less necessary deductions and withholdings.
Compensation. Employee shall receive the following as compensation:
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