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.
Appears in 2 contracts
Sources: Independent Director's Contract (Eastern Environment Solutions Corp.), Independent Director's Contract (Eastern Environment Solutions Corp.)