Monday, November 28, 2005 12:02:01 PM
Wick - thought this was interesting...
(j) Should the Board of Directors of the Company vote to
remove the EMPLOYEE from employment by the Company, the EMPLOYEE
shall receive the following:
(1) Balance of wages outlined in this agreement from
the date of the Board's vote to the end of the agreement;
(2) Issued to the EMPLOYEE restricted shares of
common stock in the amount of One Hundred Million (100,000,000)
So if the board of directors removes you from your position you get 100 million shares. I'm assuming this is common practice although I have never heard of it before.
(j) Should the Board of Directors of the Company vote to
remove the EMPLOYEE from employment by the Company, the EMPLOYEE
shall receive the following:
(1) Balance of wages outlined in this agreement from
the date of the Board's vote to the end of the agreement;
(2) Issued to the EMPLOYEE restricted shares of
common stock in the amount of One Hundred Million (100,000,000)
So if the board of directors removes you from your position you get 100 million shares. I'm assuming this is common practice although I have never heard of it before.
The above post represents only my opinion. Please use caution before investing into any stock.
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