Equity Component Clause Samples

Equity Component. In addition to the cash fee described in subsection (a), on the anniversary of the date of this agreement, if the Director remains a member of the Board of Directors on that date, the Company will grant the Director a total of ⅹ shares of the Company’s common stock (hereinafter referred to as the “Shares”), as the amount of $30,000. The Shares will vest immediately on the date of grant.

Equity Component. Consultant will be eligible to receive stock options of RMC based on his contribution to RMC's growth, as determined by RMC's board at its sole discretion.

Equity Component. In addition to the cash fee(s) described in subsection (a), on the date of this Agreement, GUFR will ▇▇▇▇▇ ▇▇▇▇▇▇▇ options to purchase 25,000 shares of GUFR common stock, which may be exercised immediately. The exercise price of these options will be the closing sale price of GUFR common stock on the OTC Bulletin Board on the date of this Agreement. On October 24, 2008, GUFR will ▇▇▇▇▇ ▇▇▇▇▇▇▇ options to purchase 25,000 shares, which may be exercised immediately thereafter, with an exercise price of the closing sale price of GUFR common stock on the OTC Bulletin Board on such date of grant, provided ▇▇▇▇▇▇▇ is still a director of or otherwise engaged by GUFR. On October 24, 2009, GUFR will grant options to purchase 25,000 shares, which may be exercised immediately thereafter, with an exercise price of the closing sale price of GUFR common stock on the OTC Bulletin Board on the date if such grant, provided ▇▇▇▇▇▇▇ is still a director of or otherwise engaged by GUFR. The options will be granted under GUFR’s stock option plan, and will be subject to the terms and conditions of that plan. Subject to the foregoing provisions and the terms and conditions set forth in the plan, the options may be exercised until three years from the date of the grant of such options, except as otherwise provided in the plan.

Equity Component. In addition to the cash fee(s) described in subsection (a), on the date of this agreement, the Company will grant ▇▇. ▇▇▇▇▇▇▇ options to purchase a total of 100,000 shares of the Company’s common stock. The exercise price of these options will be the closing sale price of a share of the Company’s common stock on the OTC Bulletin Board on the date of this agreement. Options to purchase 33,333 shares shall vest and may be exercised immediately; options to purchase an additional 33,333 shares shall vest and may be exercised commencing July 1, 2008, and options to purchase the remaining 33,334 shares shall vest and may be exercised commencing July 1, 2009, provided that in the case of the options to vest in 2008 and 2009, ▇▇. ▇▇▇▇▇▇▇ is still a director of or otherwise engaged by the Company on such dates. Subject to the foregoing vesting provisions, the options may be exercised until June 1, 2017.

Equity Component. Employer agrees to distribute to Executive promptly following execution of this Amendment, the equity component of the retention award called for in Section 2 of the Agreement. This award will be distributed in the form of shares Employer’s common stock. At the election of Executive, Employer may withhold shares to pay required withholding on amounts received under the Agreement.

Equity Component. In addition to the Fee, Mr. Brown shall receive Two Hundred Thousand (200,000) shares of the ▇▇▇▇▇▇▇'s common stock pursuant to the form of restricted stock agreement attached to this Agreement as Exhibit A.

Equity Component. On the date of this Agreement, GUFR will grant M▇. ▇▇▇ options to purchase 12,500 shares of GUFR common stock, which may be exercised immediately. The exercise price of these options will be the closing sale price of GUFR common stock on the Nasdaq stock exchange on the date of this Agreement. On March 2, 2012, GUFR will grant M▇. ▇▇▇ options to purchase 12,500 shares, which may be exercised immediately thereafter, with an exercise price of the closing sale price of GUFR common stock on the Nasdaq stock market on such date of grant, provided M▇. ▇▇▇ is still a director of or otherwise engaged by GUFR. On March 2, 2013, GUFR will grant options to purchase 12,500 shares, which may be exercised immediately thereafter, with an exercise price of the closing sale price of GUFR common stock on the Nasdaq stock market on the date if such grant, provided M▇. ▇▇▇ is still a director of or otherwise engaged by GUFR. The options will be granted under GUFR’s stock option plan, and will be subject to the terms and conditions of that plan. Subject to the foregoing provisions and the terms and conditions set forth in the plan, the options may be exercised until three years from the date of the grant of such options, except as otherwise provided in the plan.

Equity Component. In addition to the cash fee(s) described in subsection (a), on the Election Date and subject to the provisions hereof JADG will grant ▇▇. ▇▇▇▇▇▇▇ non-qualified options to purchase 100,000 shares of JADG common stock. The exercise price of these non-qualified options will be the closing sales price of a share of JADG common stock on the OTC Bulletin Board on the Election Date. Options to purchase 33,333 shares may be exercised immediately; options to purchase an additional 33,333 shares may be exercised commencing April 15, 2009, and options to purchase the remaining 33,334 shares may be exercised commencing April 15, 2010, provided that all outstanding and unexercised options shall expire on the date that ▇▇. ▇▇▇▇▇▇▇ is no longer serving as a member of the Board of Directors of JADG or otherwise engaged by JADG to provide services to JADG. Subject to the foregoing provisions, the options may be exercised until April 15, 2018, at which time any such options that have not been exercised shall automatically expire.

Equity Component. 3.1.1. On February 10, 2010, CONSULTANT was granted an award of 4,000 shares of common stock of ▇▇▇▇▇▇▇ under the ▇▇▇▇▇▇▇ Technologies, Inc. 2005 Omnibus Equity Incentive Plan in connection with CONSULTANT’s service on ▇▇▇▇▇▇▇’▇ Board of Directors (the “Restricted Stock Award”). Pursuant to its terms, the Restricted Stock Award vests on February 10, 2011 (i.e., the one-year anniversary of the grant date), provided that CONSULTANT continues to provide service as an employee or director. ▇▇▇▇▇▇▇ and CONSULTANT hereby agree, subject to the approval of ▇▇▇▇▇▇▇’▇ Board of Directors, that the terms of the Restricted Stock Award are amended to allow CONSULTANT to fully vest in the Restricted Stock Award on February 10, 2011, so long as CONSULTANT continues as a service provider to ▇▇▇▇▇▇▇ through such date as a consultant pursuant to the terms of this Agreement. Except as amended hereby, the Restricted Stock Award shall continue in full force and effect as originally constituted and is ratified and affirmed by the parties hereto. 3.1.2. CONSULTANT’s restricted stock units issued in connection with CONSULTANT’s service on ▇▇▇▇▇▇▇’▇ Board of Directors and earned through June 30, 2010 shall vest and be settled 60 days following the effective date of CONSULTANT’s resignation from ▇▇▇▇▇▇▇’▇ Board of Directors on June 30, 2010, in accordance with their terms. 3.1.3. CONSULTANT further agrees that he has no additional rights in any equity awards provided to him as a director of ▇▇▇▇▇▇▇ and that any such rights terminated in accordance with their terms upon CONSULTANT’S resignation from ▇▇▇▇▇▇▇’▇ Board of Directors.