TON Token Compensation Clause Samples

TON Token Compensation. As part of Base Fee, Consultant shall also receive Three Hundred Thousand US Dollars ($300,000 USD) worth of TON tokens (based on 30-day VWAP) annually as additional Base Fee, with the number of tokens determined based on the fair market value on the grant date (based on 30-day VWAP). The grant date shall be the Effective Date and each anniversary thereafter. Such tokens shall be subject to the following terms to be described in a grant agreement: (a) Transfer restrictions for 12 months post-receipt; and (b) Subject to Company's digital asset policy.
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TON Token Compensation. As part of Base Fee, Consultant shall also receive Five Hundred Thousand US Dollars ($500,000 USD) worth of TON tokens (based on 30-day VWAP) annually as additional Base Fee, with the number of tokens determined based on the fair market value on the grant date (based on 30-day VWAP). Such tokens shall be subject to the following terms to be described in a grant agreement: (a) Transfer restrictions for 12 months post-receipt; and (b) Subject to Company's digital asset policy, if any.
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Related to TON Token Compensation

  • WHEREAS the Trust is an open-end management investment company registered under the Investment Company Act of 1940, as amended (the "1940 Act"); and

  • Entire Agreement This DPA and the Service Agreement constitute the entire agreement of the Parties relating to the subject matter hereof and supersedes all prior communications, representations, or agreements, oral or written, by the Parties relating thereto. This DPA may be amended and the observance of any provision of this DPA may be waived (either generally or in any particular instance and either retroactively or prospectively) only with the signed written consent of both Parties. Neither failure nor delay on the part of any Party in exercising any right, power, or privilege hereunder shall operate as a waiver of such right, nor shall any single or partial exercise of any such right, power, or privilege preclude any further exercise thereof or the exercise of any other right, power, or privilege.

  • Miscellaneous The Vendor acknowledges and agrees that continued participation in TIPS is subject to TIPS sole discretion and that any Vendor may be removed from the participation in the Program at any time with or without cause. Nothing in the Agreement or in any other communication between TIPS and the Vendor may be construed as a guarantee that TIPS or TIPS Members will submit any orders at any time. TIPS reserves the right to request additional proposals for items or services already on Agreement at any time.

  • Representations and Warranties Borrower represents and warrants as follows:

  • Definitions For purposes of this Agreement: