TenantWIZ Software Corp. Watch

from S-8 6 pages This Plan Shall Be Known as the "Tenantwiz Software Corporation 2009 Stock Incentive Plan for Employees and Consultants" and Is Hereinafter Referred to as the "Plan." the Purpose of the Plan Is to Enable TenantWIZ Software Corporation, a Nevada Corporation (The "Company"), to Promote the Interests of the Company and Its Shareholders by (A) Attracting and Retaining Employees Capable of Furthering the Future Success of the Company, Providing Incentives for Outstanding Performance and Rewards for Such Performance; and (B) Attracting and Retaining Directors and Consultants Capable of Furthering the Future Success of the Company, and Aligning Their Economic Interests More Closely With Those of the Company's Shareholders, by Paying Their Retainer Fees in the Form of Shares of the Company's Common Stock (The "Common Stock") on the Terms and Conditions to Be Agreed Between the Company and These Persons. the Plan May Also Be Used to Satisfy Debts and Obligations Owing to These Persons or for the Purpose of Satisfying the Company’s Obligations Under Any Professional Services Contracts. 2. Definitions. the Following Terms Shall Have the Meanings Set Forth Below: "Board" Means the Board of Directors of the Company. "Change of Control" Has the Meaning Set Forth in Section 12(d). "Code" Means the Internal Revenue Code of 1986, as Amended, and the Rules and Regulations Thereunder. References to Any Provision of the Code or Rule or Regulation Thereunder Shall Be Deemed to Include Any Amended or Successor Provision, Rule or Regulation. "Committee" Means the Committee That Administers the Plan, as More Fully Defined in Section 13. "Common Stock" Has the Meaning Set Forth in Section 1. "Company" Has the Meaning Set Forth in Section 1. "Consultant" Means a Person Who Is Contractually Obligated as an Independent Contractor to Provide Services to the Company. "Deferral Election" Has the Meaning Set Forth in Section 6