Founder's Stock. Subject to the approval of the 2004 Omnibus Long-Term Plan at the Company's 2004 annual meeting of stockholders, an allocation of 90,000 shares of the Company's common stock in the initial public offering of the Company (the "Founder's Stock") shall be granted to the Executive no later than the closing of the initial public offering of Company stock and the right to dispose of such stock shall vest in three (3) equal installments on each of the first three anniversaries of the Effective Date (or earlier as provided in the Agreement) if Executive has been continuously employed by the Company from the Effective Date to such anniversary provided that all other rights with respect to such stock (including the right to vote and the right to receive dividends) shall vest immediately (subject to forfeiture if the unvested shares are forfeited on termination of employment, except as otherwise provided in the Agreement.)
Founder's Stock. Immediately following execution of this Agreement and Executive’s execution of a lock-up agreement, substantially in the form of Exhibit A, the Company shall grant Executive 1,400,000 shares of common stock (the “Founders’ Stock”). The Founders’ Stock shall be fully (100%) vested upon grant.
Founder's Stock. Founder has purchased from the Corporation an aggregate of 1,080,000 shares of Common Stock (the "Shares") at a per-share purchase price of $.001 (the "Original Purchase Price") as more specifically set forth on Schedule 1 hereto. Founder's Shares shall be subject to a number of restrictions as set forth in this Agreement. Certain of the restrictions with respect to Founder's Shares may terminate under various conditions pursuant hereto in consideration for Founder's service to the Corporation as described herein.
Founder's Stock. Upon the Starting Date, the employee will be issued four (4%) percent of the companies issued common stock in the Company. The Company commits that this is an undiluted 4% commitment of the companies issued common stock and that if additional stock (in excess of the 100,000,000 shares) is issued by the Board of Directors, the Company will issue those numbers of shares to the employee at a cost of $.0001 per share to keep the 4% share of issued stock whole and in tact. This commitment will survive this contract in perpetuity and can only be terminated by the voluntary resignation of the employee.
Founder's Stock. Executive purchased common stock of the Company on --------------- June 4, 1997 (the "Initial Purchase"). The Common Stock Purchase Agreement between the Company and Executive dated June 4, 1997 and the Amendment to Common Stock Purchase Agreement between the Company and Executive dated August 13, 1997 that underlie the Initial Purchase (collectively, the "Purchase Agreement") are attached hereto as Exhibit A. ---------
Founder's Stock. The Company will have the right of first refusal to purchase Founder's Stock as set forth in Section 3 below.
Founder's Stock. Xxxxxxxxxx shall retain the 242,347 shares of the Company common stock designated as “Founders Stock” that were to vest on April 16, 2013 and the 242,347 shares of the Company common stock designated as “Founders Stock” that were to vest on April 16, 2014 (collectively, the “Founders Stock”). Pursuant to this Agreement, the Founders Stock shall become vested immediately without any further action on the part of the Company or Xxxxxxxxxx. The Parties agree that the fair value for the Founders Stock shall be twenty cents ($.20) per share.
Founder's Stock. In exchange for industry knowledge, the Company has granted to the Employee, Founder's stock equal to 4 1/6%, of DMC Cinema, Inc.'s fully paid and non-assessable voting common stock.]
Founder's Stock. Each Founder purchased from the Corporation two hundred fifty thousand (250,000) shares of Common Stock (the “Founder’s Shares”) at a per-share purchase price of one cent ($0.01) per share (the “Original Purchase Price”). As a result of a one (1) for one and four-tenths (1.4) stock split each Founder now holds three hundred fifty thousand (350,000) shares of Common Stock, which are all considered “Founders’ Shares” for the purposes of this Agreement. The Founder’s Shares shall be subject to a number of restrictions as set forth in this Agreement. Certain of the restrictions with respect to the Founder’s Shares may be lifted under various conditions pursuant hereto in consideration for the Founder’s service to the Corporation pursuant to Sections 1 and 3 hereof and such Founder’s other obligations hereunder.
Founder's Stock. Employee shall purchase 1,000 shares of stock at $0.01 per share.
