Failure to Maintain Equity Ownership. If, during the Employment Term, Employee shall fail to maintain the Equity Ownership Requirement, Employee shall have 30 days to cure such failure by acquiring additional shares of common stock in the Company, at Employee’s sole cost and expense. If Employee fails to cure the breach of the Equity Ownership Requirement within such 30-day period, the vesting of all previously granted but unvested equity grants, as set forth in Item 1 (Annual Equity Grants) of Exhibit A hereto (Other Benefits) shall terminate, and Employee shall not qualify for any new equity grants thereafter.
Appears in 5 contracts
Samples: Employment Agreement (Us Ecology, Inc.), Employment Agreement (Us Ecology, Inc.), Employment Agreement (Us Ecology, Inc.)
