American Energy Production (AENP) Inactive
Filed: 24 May 02, 12:00am
COMMUNICATE NOW.COM INC EMPLOYEE BENEFIT PLAN
PURPOSE. This Employee Benefit Plan (the "Plan"), is designated to
provide for awards of the Company's common stock to selected employees, who,
individually or as members of a group, contribute in a substantial degree to the
success of the Company, thus affording them a means of participating in that
success and an incentive to contribute to that further success.
DEFINITIONS. The following works and phrases as used herein shall have
the meaning set forth below:
"Company" shall mean COMMUNICATE NOW.COM INC.
"Employee " shall mean any officer, employee of and consultant or adviser to the
Company.
"Share" shall mean one share of the Company's common stock, $.0001 par value.
"Board" shall mean the Board of Directors of the Company.
ADMINISTRATION. The Plan shall be administered by the Board. The Board
may establish a committee of the Board consisting of one or more of its members
to administer the Plan and such committee may establish such rules and
regulations as necessary for proper administration of the Plan and make such
determinations and take such action in connection with or in relation to the
Plan as necessary to carry out the Plan's purpose.
ELIGIBILITY. The individuals eligible to receive awards under the Plan
shall be such Employees as the Board or its committee shall from time to time
determine.
SOURCE OF AWARDS. The Board of Directors of the Company shall designate
- -- awards pursuant to -- this Plan.
AWARDS. The Board or its committee shall determine the awards to be made
from time to time to the Employees. The Board or its committee shall take into
consideration the recommendations of management in making its determinations.
PAYMENT OF AWARDS. The number of Shares of each award shall be delivered
to the Employee as soon as practicable after the award is granted.
FINALITY OF DETERMINATIONS. Each determination made by the Board or its
committee shall be final and shall be binding and conclusive for all purposes
and upon all persons and the Board.
LIMITATIONS. No Employee of the Company shall have any right (legal,
equitable, or otherwise) to be granted an award under the Plan, nor shall the
existence of the Plan give any Employee the right to be retained in the employ
of the Company.
AMENDMENT OR TERMINATION. The Board of Directors of the Company may
discontinue the Plan at any time and may from time to time amend the terms of
the Plan.
TERM OF THE PLAN. Awards under this Plan shall be for recognition of
services performed during the 2002-year period from 2002 through and including
2002.