Common use of Initial Grant Clause in Contracts

Initial Grant. On January 1, 2011, the Company will issue to Xxxxxx 200,000 shares of common stock (the “Initial Grant”), which common stock shall vest, subject to acceleration as provided below, in the following increments on the specified dates, so long as Xxxxxx is a director on such date:

Appears in 1 contract

Samples: Director Appointment Agreement (Recovery Energy, Inc.)

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Initial Grant. On January 1, 2011, the Company will issue to Xxxxxx 200,000 150,000 shares of common stock (the “Initial Grant”), which common stock shall vest, subject to acceleration as provided below, in the following increments on the specified dates, so long as Xxxxxx is a director on such date:

Appears in 1 contract

Samples: Independent Director Appointment Agreement (Recovery Energy, Inc.)

Initial Grant. On January 1, 2011, the Company will issue to Xxxxxx 200,000 Mxxxxx 20,000 shares of common stock (the “Initial Grant”), which common stock shall vest, subject to acceleration as provided below, in the following increments on the specified dates, so long as Xxxxxx is a director on such date:

Appears in 1 contract

Samples: Independent Director Appointment Agreement (Recovery Energy, Inc.)

Initial Grant. On January 1, 20112010, the Company will issue to Xxxxxx 200,000 Mxxxxx 10,000 shares of common Company stock (the “Initial Grant”), which common stock shall vest, subject to acceleration as provided below, in the following increments on the specified dates, so long as Xxxxxx is a director on such date:

Appears in 1 contract

Samples: Independent Director Appointment Agreement (Recovery Energy, Inc.)

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Initial Grant. On January 1, 20112010, the Company will issue to Xxxxxx 200,000 1,000,000 shares of common Company stock (the “Initial Grant”), which common stock shall vest, subject to acceleration as provided below, in the following increments on the specified dates, so long as Xxxxxx is a director on such date:

Appears in 1 contract

Samples: Director Appointment Agreement (Recovery Energy, Inc.)

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