Incentive Grant. 4.4 ADVANCEMENT ON THE SALARY SCHEDULE......................................................................................... 4.5 REIMBURSEMENT FOR ADDITIONAL TEACHING CERTIFICATION AREAS................................................. 4.6 ADDITIONAL CERTIFICATIONS AND COMPENSATION............................................................................... 4.7
Incentive Grant. 4.3.1 The Board of Education may identify one or more instructional areas in which there is a critical need for certificated staff. In addition, the Board of Education may require certain specific qualifications.
Incentive Grant. In accordance with the provisions of the Xxxxxx Bros. Co. 2007 Omnibus Plan (the “Omnibus Plan”), upon full execution of this Agreement, Xxxxx shall be granted fifty thousand (50,000) non-qualified stock options at an exercise price equal to the closing price of the Company’s common stock on the grant date (the “Incentive Grant”).
Incentive Grant. Provided that the CDC has not terminated or initiated termination of this Agreement under Section 2.02, the CDC hereby approves the payment of the Incentive Grant to the Developer, which shall be paid to Developer within 30 days after Developer timely obtains a Certificate of Occupancy for the Hotel Project.
Incentive Grant. In accordance with the provisions of the Xxxxxx Bros. Co. 2007 Omnibus Plan (the “Omnibus Plan”), upon full execution of this Agreement or, if such day falls within a blackout period under the Company’s Xxxxxxx Xxxxxxx Policy (“Blackout Period”), on the first business day following the end of such Blackout Period, Xxxxx shall be granted fifty thousand (50,000) non-qualified stock options with a seven (7) year term at an exercise price equal to the closing price of the Company’s common stock on the grant date (the “Incentive Grant”).
Incentive Grant. As compensation for the execution off this Agreement by Director, the Company shall cause to be issued to Red River a one-time UniCoin Award Agreement, which shall entitle Red River to receive an aggregate of twenty million (20,000,000) cryptocurrency tokens, known as UniCoins, which are being developed by the Company, at such time as such UniCoins are technologically and legally capable of being issued, consisting of (i) fifteen million (15,000,000) UniCoins for commencement of services as a Director under this Agreement, and (ii) five million (5,000,000) UniCoins for services at Middle East conferences to be completed by March 31, 2022. As soon as possible, the Company shall undertake to complete an independent valuation of UniCoins, and provide Director with a choice regarding whether to receive an interest in the UniCoins as property, or as an option to acquire such property.
Incentive Grant. The Company shall, upon execution of this Agreement by the Employee, issue 300,000 shares of restricted Common Stock of the Company to the Employee. Such grant shall be reflected by a restricted stock agreement, executed by the parties, that shall provide that such shares shall vest upon the earlier of (i) January 31, 2004 or (ii) the occurrence of a Change in Control, and that all unvested shares shall be forfeited to the Company upon termination of employment of the Employee for any reason.
Incentive Grant. (i) Provided that the Company has fully made the Capital Investment and has otherwise completed the Facility by the Completion Date, and further provided that the City has funded the Incentive Grant (or the applicable portion thereof which is payable in a given year pursuant to the terms of this Agreement), the Authority, within thirty (30) days of its receipt of the Incentive Grant (or applicable portion thereof, as the case may be), will disburse and pay the Incentive Grant directly to the Company in three (3) installments over a thirty six (36) month period, with the first such disbursement to occur on a date which is one (1) year from the Completion Date (the “Incentive Grant Disbursement Date”) and each subsequent disbursement occurring on each subsequent anniversary of the Incentive Grant Disbursement Date (as made, each being a “Incentive Grant Disbursal”). The Company will use the Incentive Grant proceeds to offset its Capital Investment made or incurred in development of the Facility.
Incentive Grant. The Executive shall be granted an option to purchase 900,000 shares of Company common stock (the "Incentive Grant"). Except as otherwise provided in this subparagraph 5(c)(ii), notwithstanding anything to the contrary herein, the Incentive Grant shall expire on June 30, 2005 if, for any reason, the Company has not closed a financing(s) and/or Corporate Payment transaction with gross proceeds of at least five million dollars ($5 million) on or prior to such date. If the Company does close a financing(s) described above prior to June 30, 2005, at a price per share of Company common stock that is at least $1.30 but less than $2.65 (without taking into account the value of warrants, if any, included in the financing), then, upon closing of such financing(s), one percent (1%) of the shares of Company common stock underlying the Incentive Grant shall expire for each $0.03 decrement of price below $2.65 per share. The unexpired portion of the Incentive Grant shall vest one-third on the closing of the last financing(s) on or prior to June 30, 2005, and two-thirds monthly ratably over the subsequent twenty-four (24) month period, provided that the Executive remains either a director or an officer of the Company during such time. For purposes of this paragraph 5(c), the "price per share" shall be calculated using the weighted average of all financings done at a price greater than or equal to $1.30 prior to June 30, 2005. All share prices referenced herein shall be adjusted for all stock splits, reverse splits, stock dividends, recapitalization and similar transactions. In the event that all equity offerings done at prices per share greater than $1.30 do not equal five million ($5 million), then Corporate Payments shall be included in calculating the five million ($5 million) threshold referred to in this paragraph 5(c).
Incentive Grant. 1. The parties acknowledge that the State, the Authority and Developer previously entered into a Brownfields Redevelopment Agreement, with an effective date of November 11, 2009, and that the repayments pursuant to this State ERG Grant Agreement will not commence until the after the last reimbursement of eligible remediation costs are paid under and in accordance with the terms of such Brownfields Redevelopment Agreement; the last such reimbursement under the Brownfields Redevelopment Agreement is anticipated to be paid from and after payment of the 2013 taxes by Developer.
