Common use of Salary Vesting Clause in Contracts

Salary Vesting. Any Salary earned by Employee shall have a vesting period of two years (the "Vesting Period"); provided, however, that any unvested Salary at the end of the Term shall immediately vest. During the Term, Employee hereby consents to the placement of a stop transfer order by MLI and/or its transfer agent, with respect to any unvested Salary. All Salary shall immediately vest upon a Change in Control or termination of employment.

Appears in 3 contracts

Samples: Employment Agreement (Medlink International, Inc.), Employment Agreement (Medlink International, Inc.), Employment Agreement (Medlink International, Inc.)

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Salary Vesting. Any Salary earned by Employee shall have a vesting period of two years (the "Vesting Period"); provided, however, that any unvested Salary at the end of the Term shall immediately vest. During the Term, Employee hereby consents to the placement of a stop transfer order by MLI WMGC and/or its transfer agent, with respect to any unvested Salary. All Salary shall immediately vest upon a Change in Control or termination of employmentControl.

Appears in 3 contracts

Samples: Employment Agreement (Western Media Group Corp), Employment Agreement (Western Media Group Corp), Employment Agreement (Western Media Group Corp)

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Salary Vesting. Any Salary earned by Employee shall have a vesting period of two years (the "β€œVesting Period"”); provided, however, that any unvested Salary at the end of the Term shall immediately vest. During the Term, Employee hereby consents to the placement of a stop transfer order by MLI and/or its transfer agent, with respect to any unvested Salary. All Salary shall immediately vest upon a Change in Control or termination of employment.

Appears in 3 contracts

Samples: Employment Agreement (Medlink International, Inc.), Employment Agreement (Medlink International, Inc.), Employment Agreement (Medlink International, Inc.)

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