Common use of RSU Grant Clause in Contracts

RSU Grant. In consideration of the mutual promises contained herein, Company shall grant Executive an award of restricted stock units (“RSUs”) equal to 36,000 shares (the “RSU Grant”) of Company common stock. The RSU Grant shall vest in equal installments on the first, second, third, fourth, and fifth anniversary of the Effective Date. The RSU Grant is subject to the approval by the Company’s stockholders of the 2018 Stock Incentive Plan (as approved, the “Equity Plan”). If the Equity Plan is not approved, the Compensation Committee shall provide Executive with a comparable equity or other compensation package. The RSU Grant shall be subject to the terms and conditions of the Equity Plan and standard RSU Agreement (the “RSU Agreement”).

RSU Grant. In consideration of the mutual promises contained herein, Company shall grant Executive an award of restricted stock units (“RSUs”) equal to 36,000 12,000 shares (the “RSU Grant”) of Company common stock. The RSU Grant shall vest in equal installments on the first, second, third, fourth, and fifth anniversary of the Effective Date. The RSU Grant is subject to the approval by the Company’s stockholders of the 2018 Stock Incentive Plan (as approved, the “Equity Plan”). If the Equity Plan is not approved, the Compensation Committee shall provide Executive with a comparable equity or other compensation package. The RSU Grant shall be subject to the terms and conditions of the Equity Plan and standard RSU Agreement (the “RSU Agreement”).