Common use of Lapse of Restrictions Generally Clause in Contracts

Lapse of Restrictions Generally. Except as provided in Sections 4, 5 and 6 hereof, the number of shares of Restricted Stock issued hereunder shall vest in accordance with the schedule below, and the restrictions with respect to such Restricted Stock shall lapse, on each of the first three (3) anniversaries of the Date of Grant. More specifically: (i) 500,000 shares of Restricted Stock shall vest on September 28, 2024 (ii) 300,000 shares of Restricted Stock shall vest on September 28, 2025 (iii) 300,000 shares of Restricted Stock shall vest on September 28, 2026 4.

Appears in 1 contract

Sources: Restricted Stock Award Agreement (Pani Corp.)

Lapse of Restrictions Generally. Except as provided in Sections 4, 5 and 6 hereof, the number of shares of Restricted Stock issued hereunder shall vest in accordance with the schedule below, and the restrictions with respect to such Restricted Stock shall lapse, on each of the first three (3) anniversaries of the Date of Grant. More specifically: : (i) 500,000 780,000 shares of Restricted Stock shall vest on September 28November 6, 2024 2026 (ii) 300,000 780,000 shares of Restricted Stock shall vest on September 28November 6, 2025 2027 (iii) 300,000 780,000 shares of Restricted Stock shall vest on September 28November 6, 2026 4.2028

Appears in 1 contract

Sources: Restricted Stock Award Agreement (Pani Corp.)

Lapse of Restrictions Generally. Except as provided in Sections 4, 5 and 6 hereof, the number of shares of Restricted Stock issued hereunder shall vest in accordance with the schedule below, and the restrictions with respect to such Restricted Stock shall lapse, on each of the first three (3) anniversaries of the Date of Grant. More specifically: : (i) 500,000 260,000 shares of Restricted Stock shall vest on September 28May 31, 2024 2025 (ii) 300,000 250,000 shares of Restricted Stock shall vest on September 28May 31, 2025 2026 (iii) 300,000 250,000 shares of Restricted Stock shall vest on September 28May 31, 2026 4.2027

Appears in 1 contract

Sources: Restricted Stock Award Agreement (Pani Corp.)