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Microcap & Penny Stocks : TSIG.com TIGI (formerly TSIG)
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To: Martin E. Frankel who wrote (15666)1/24/1999 8:39:00 AM
From: TOPFUEL  Read Replies (4) of 44908
 
Great Post Marty I was thinking of that myself last night after catching up with all the posts from this past week on the thread. That possibly CCI deal has to be completed first before Darrell Piercy is able to receive these paid benefits:

Under the terms of the employment contract, Mr. Piercy is entitled to:
(i) a salary of $250,000 per annum; (ii) 1,1,00,000 shares of common stock of
the Registrant registered on Form S-8; and (iii) options to acquire 2,500,000
shares of restricted common stock of the Registrant, at an exercise price of
$.40 per share, for a period of five (5) years, which options will vest and
become exercisable only if CCI attains certain revenue and profit margin targets
over the next three years.

Under the terms of the employment contract, Mr. Piercy is entitled to:
This could be the contract drawn up for when CCI deal is completed so you may be right in your theory TSIG is not paying Darrell Piercy at this time.

David
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