Base Units Clause Samples

Base Units. On the Effective Date, the Corporation shall grant to Executive an award (the “Initial RSU Award”) of 500,000 restricted stock units (the “Base Units”) under the Plan. One hundred percent (100%) of the Base Units will vest upon the third (3rd) anniversary of the Effective Date (the “Vesting Date”), provided that Executive has been continuously employed by the Corporation from the Effective Date through the Vesting Date. The Initial RSU Award shall be contingent on shareholder approval of a sufficient number of additional shares of the Corporation’s common stock to settle the Initial RSU Award in such shares.

Base Units. (Contract Sizes)

Base Units. On the basis of the representations and warranties contained herein and subject to the terms and conditions hereof, Seller agrees to sell to each Purchaser, and each Purchaser agrees to purchase from Seller, the number of Base Units set forth opposite such Purchaser’s name on Schedule 2.01 to this Agreement, and each Purchaser agrees to pay Seller the amount of the Purchase Price in respect of such Base Units set forth opposite such Purchaser’s name under the column entitled “Purchase Price – Base Units” on Schedule 2.01 to this Agreement as consideration for such Base Units. At the Base Unit Closing, Seller shall pay to each Purchaser the Commitment Fee set forth opposite such Purchaser’s name under the column entitled “Commitment Fee” on Schedule 2.01 to this Agreement.