Additional Compensation to Executive Sample Clauses
The 'Additional Compensation to Executive' clause defines the circumstances and methods by which an executive may receive compensation beyond their standard salary and benefits. This may include bonuses, stock options, incentive payments, or other forms of financial reward, often tied to performance metrics, company profitability, or the achievement of specific goals. The core function of this clause is to incentivize the executive to meet or exceed targets and to align their interests with those of the company, thereby promoting organizational success and retaining key leadership talent.
Additional Compensation to Executive. In addition to the compensation stated above, Executive shall receive 250,000 (Two Hundred Fifty Thousand) stock options of CALYPSO per year for the duration of this Employment Agreement that shall vest pursuant to a pro-rated vesting schedule attached a exhibit “A” and providing that he is not terminated pursuant to the provisions of paragraph 14 (B).
Additional Compensation to Executive. In addition to the compensation stated above, Executive shall receive 250,000 (Two Hundred Fifty Thousand) stock options at a price of .18 cents (Eighteen cents) per share of CALYPSO per year for the duration of this Employment Agreement and providing that she is not terminated pursuant to the provisions of paragraph 14 (B), and will be fully vested if there is a change in control pursuant to paragraph 15.
Additional Compensation to Executive. In addition to the compensation stated above, Executive shall receive an option to purchase up to 1,000,000 shares of common stock in TASKER, which option shall vest ▇▇▇ ▇e exercisable pursuant to the Notice of Grant dated August 25, 2004. A true and correct copy of the Notice of Grant is attached hereto as Exhibit "A". Notwithstanding the foregoing, the vesting of the option shall be pursuant to the vesting schedule contained in the Notice of Grant ("Vesting Schedule"). In addition, the Board of Directors of Tasker Capital Corp. may, in it▇ ▇▇▇▇ discretion, grant Executive additional performance compensation in the form or either cash or options or both.
Additional Compensation to Executive. In addition to the compensation stated above, Executive shall receive 10,000 stock options, that shall vest and be exercisable pursuant to the Notice of Grant dated July 1, 2004. A true and correct copy of the Notice of Grant is attached hereto as Exhibit "A". Notwithstanding the foregoing, the vesting of the stock options shall be pursuant to the vesting schedule contained in the Notice of Grant ("Vesting Schedule").
Additional Compensation to Executive. In addition to the Compensation stated in paragraphs 4.1-4.3, inclusive, Executive shall receive one million (1,000,000) stock options in TASKER, e▇▇▇ ▇▇tion at an exercise price of one dollar and forty-five cents (US $ 1.45) per share of common stock. Such options shall vest and be exercisable pursuant to the Notice of Grant dated November 15, 2004. A true and correct copy of the Notice of Grant is attached hereto as "Exhibit A". Notwithstanding the foregoing, the vesting of the stock options shall be pursuant to the vesting schedule contained in the Notice of Grant ("Vesting Schedule'). In addition, TASKER's ▇▇▇▇▇ ▇▇ Directors may, in its sole discretion, grant Executive additional performance Compensation during any time of this Agreement in either cash or stock options or both.
Additional Compensation to Executive. In addition to the compensation stated above, Executive shall receive 333,333 (Three Hundred Thirty Three Thousand Three Hundred Thirty Three) stock options at a price of .98 cents (Ninety Eight cents) per share of CALYPSO per year for the duration of this Employment Agreement that shall vest pursuant to a pro-rated vesting schedule attached a exhibit “A” and providing that he is not terminated pursuant to the provisions of paragraph 14 (B). In the Event of a Change in Control (as defined in No. 15) within the next twelve months, the Executive shall receive an additional compensation of 666,666 (Six Hundred Sixty Six Thousand Six Hundred Sixty Six) stock options of CALYPSO at a price of .98 cents (Ninety Eight cents) per share that shall vest upon the consummation of the change of control.
Additional Compensation to Executive. In consideration of the Executive's undertakings pursuant to this Agreement, the Executive is entitled to receive cash payments from the Company on the following dates and in the following amounts: DATE AMOUNT Retirement Date $300,000 December 31, 1998 130,000 December 31, 1999 125,000 Monthly Office Allowance* 60,000 -------- Total $615,000 ======== * ($2,500/mo. for up to 24 months)
3.1. Payments pursuant to this Section 3.0 will be made to the Executive by check or wire transfer to the Executive. Any such payments will be made net of applicable foreign, federal, state or local withholding taxes that may legally be imposed on any such payments as determined in the reasonable discretion of the Company.
Additional Compensation to Executive. In addition to the Compensation stated in paragraphs 4.1-4.2, inclusive, Executive shall receive one million (1,000,000) stock options in TASKER, w▇▇▇▇ ▇s described in the Notice of Grant Exhibit A. Each option is granted at an exercise price of one dollar and forty-five cents (US $ 1.45) per share of common stock. Such options shall vest and be exercisable pursuant to the Notice of Grant dated November 15, 2004. A true and correct copy of the Notice of Grant is attached hereto as "Exhibit A". Notwithstanding the foregoing, the vesting of the stock options shall be pursuant to the vesting schedule contained in the Notice of Grant ("Vesting Schedule'). In addition, TASKER's ▇▇▇▇▇ ▇▇ Directors may, in its sole discretion, grant Executive additional performance Compensation during any time of this Agreement in either cash or stock options or both.
Additional Compensation to Executive. The Company shall pay Executive the sum of $40,000.00 on January 2, 1997. The parties acknowledge that said payment may be deferred pursuant to a deferred compensation agreement to be mutually agreed between the parties. In the event that the parties fail to negotiate said deferred compensation agreement prior to December 31, 1996, then said said payment shall be made as above indicated.
Additional Compensation to Executive. In addition to the compensation stated above, Executive shall receive 100,000 (One Hundred Thousand) rule-144 shares of CALYPSO per year of employment and providing that he is not terminated pursuant to the provisions of paragraph 14 (B).