Common use of Incentive Shares Clause in Contracts

Incentive Shares. For the provision of the Strategic Services, the Advisor shall subscribe for, concurrently with the Public Offering, and the Company shall issue to the Advisor, 100 Incentive Shares having an aggregate purchase price of $1,000. The Advisor may dispose of, and the Company may repurchase, the Incentive Shares in accordance with Section 10.6 below.

Appears in 3 contracts

Samples: Management Agreement (Seaspan CORP), Management Agreement (Seaspan CORP), Management Agreement

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Incentive Shares. For the provision of the Strategic Services, the Advisor shall will subscribe for, concurrently with the Public Offering, and the Company shall will issue to the Advisor, 100 Incentive Shares having an aggregate purchase price of $1,000. The Advisor may dispose of, and the Company may repurchase, the Incentive Shares in accordance with Section 10.6 below.

Appears in 2 contracts

Samples: Management Agreement (Seaspan CORP), Management Agreement (Seaspan CORP)

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