Common use of Initial Grant Clause in Contracts

Initial Grant. Executive is hereby awarded an option to acquire 3,000,000 shares of the Company’s common stock or their equivalent, $0.001 par value, at the exercise price equal to the average of the closing prices of the shares for the ten (10) trading days prior to the Effective Date. The Effective Date shall be the date upon which this Executive Employment Agreement has been fully executed and delivered by both Executive and Company. The option shall vest as follows: Number of Shares Vesting Date Effective Date 750,000 12/16/2022 12/16/2021 750,000 12/16/2023 12/16/2021 750,000 12/16/2024 12/16/2021 750,000 12/16/2025 12/16/2021

Appears in 2 contracts

Samples: Executive Employment Agreement (iCoreConnect Inc.), Executive Employment Agreement (iCoreConnect Inc.)

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Initial Grant. Executive is hereby awarded an option to acquire 3,000,000 2,000,000 shares of the Company’s common stock or their equivalent, $0.001 par value, at the exercise price equal to the average of the closing prices of the shares for the ten (10) trading days prior to the Effective Date. The Effective Date shall be the date upon which this Executive Employment Agreement has been fully executed and delivered by both Executive and Company. The option shall vest as follows: Number of Shares Vesting Date Effective Date 750,000 666,666 12/16/2022 12/16/2021 750,000 666,666 12/16/2023 12/16/2021 750,000 666,668 12/16/2024 12/16/2021 750,000 12/16/2025 12/16/2021

Appears in 1 contract

Samples: Executive Employment Agreement (iCoreConnect Inc.)

Initial Grant. Executive is hereby awarded an option to acquire 3,000,000 18,000,000 shares of the Company’s common stock or their equivalent, $0.001 par value, at the exercise price equal to the average of the closing prices of the shares for the ten (10) trading days prior to the Effective Date. The Effective Date shall be the date upon which this Executive Employment Agreement has been fully executed and delivered by both Executive and Company. The option shall vest as follows: Number of Shares Vesting Date Effective Date 750,000 4,500,000 12/16/2022 12/16/2021 750,000 4,500,000 12/16/2023 12/16/2021 750,000 4,500,000 12/16/2024 12/16/2021 750,000 4,500,000 12/16/2025 12/16/2021

Appears in 1 contract

Samples: Executive Employment Agreement (iCoreConnect Inc.)

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Initial Grant. Executive is hereby awarded an option to acquire 3,000,000 2,880,000 shares of the Company’s common stock or their equivalent, $0.001 par value, at the exercise price equal to the average of the closing prices of the shares for the ten (10) trading days prior to the Effective Date. The Effective Date shall be the date upon which this Executive Employment Agreement has been fully executed and delivered by both Executive and Company. The option shall vest as follows: Number of Shares Vesting Date Effective Date 750,000 12/16/2022 12/16/2021 750,000 12/16/2023 12/16/2021 750,000 12/16/2024 12/16/2021 750,000 12/16/2025 12/16/2021960,000 9/7/2022 9/7/2021 960,000 9/7/2023 9/7/2021 960,000 9/7/2024 9/7/2021

Appears in 1 contract

Samples: Executive Employment Agreement (iCoreConnect Inc.)

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