Share Grant. For each calendar year of service, you will be granted seven thousand five hundred (7,500) common shares (the "Shares") of the Company (each a "Share Grant"). Each Share Grant shall be delivered in arrears with the first delivery of the Shares being December 7, 2018. Each Share Grant will have delivered to you by January 30 of each year. The date of delivery of each Grant to you shall be deemed the vesting date of each Grant. You may sell your shares at your discretion upon receipt with no further action by the Company.
Share Grant. On the Effective Date the Company will grant to you 100,000 registered and freely tradeable shares of its common stock, which shall be vested immediately.
Share Grant. Employer shall grant to the Executive a total of 75,000 share units of Smart Move LLC when the authorized share units become available to the Employer. These shares would be subject to the Underwriters agreed upon lock up requirements.
Share Grant. Employee will be entitled to receive an amount equal to the excess of the "fair market value" (as defined in the 2001 Plan) of a share of Common Stock on the Effective Date and $22, multiplied by 1,000,000. Such amount shall be payable in five installment payments as of each anniversary of the Effective Date occurring during the Term in the form of a direct grant of shares of Common Stock, the number of which is determined by dividing the annual installment payment by the fair market value of a share on the applicable anniversary date, rounded down to the nearest whole share. Notwithstanding the foregoing, the first installment payment shall be payable on the day following the first anniversary of the Effective Date. As of the Effective Date, the Company and Employee shall enter into a registration rights agreement, substantially in the form attached hereto as Exhibit B.
Share Grant. (i) Upon the execution hereof and in consideration of the execution hereof, the Company shall issue to the Executive an aggregate of seven hundred fifty thousand (750,000) shares of the Company’s common stock (the “Shares” or “Securities”). The Company and Executive agree that issuance of the Shares is an inducement material to entering into this Agreement. The Shares will be allocated from the Company’s 2016 Stock Option Plan (the “Plan”).
Share Grant. HealthStream hereby agrees to grant the Grant Shares to the Recipients pursuant to the Plan in the amounts set forth on Exhibit A hereto as Other Stock-Based Awards (as defined in the Plan), which grants have been approved by the Compensation Committee of HealthStream. It is anticipated that the Grant Shares will be issued to the Recipients on or about July 25, 2019, and such Grant Shares will not be subject to any vesting conditions.
Share Grant. Upon Closing, the Executive shall receive an equity grant in the amount of 31,500,000 shares of the Company’s common stock. The shares will be valued at $0.25 per share.
Share Grant. Executive will be granted, effective as of the Effective Date, restricted common shares of CharterMac valued (as of the Effective Date) at $1,250,000 (collectively, the “Share Grant”) under and subject to the terms of the CharterMac Amended and Restated Incentive Share Plan (the “Incentive Plan”). The Share Grant shall vest and become exercisable over the course of five years in five equal installments on each of the first five anniversaries of the Effective Date, provided, except to the extent otherwise provided in this Agreement, that Executive is continuously employed by the Company on each such vesting date. Once vested, the Share Grant shall be non-forfeitable. Except to the extent otherwise provided in this Agreement, the Share Grant shall be subject to the terms of the applicable award agreement(s) from CharterMac evidencing the Share Grant. Notwithstanding anything to the contrary contained herein or in the documents governing the Share Grant, upon (x) a Change of Control (as defined Exhibit A) or (y) Executive’s termination of employment with the Company and its affiliates, any unvested portion of the Share Grant (and, in the case of a Change of Control, any unvested restricted stock issued to the Executive under Section 3.b.) shall immediately vest in full, unless such termination is by the Company or any of its affiliates for Cause or by Executive without Good Reason, in which event any unvested portion of the Share Grant shall be forfeited. The award agreement(s) will be in the form generally used for similarly situated employees.
Share Grant. The obligations of the Company under Section 4(c) of the Original Agreement shall remain in full force and effect and shall not be affected by this Agreement or by the Employee Matters Agreement.
Share Grant. Upon completion of functionality testing satisfactory to PHYTOCHEM, OM will deliver and provide in person training to PHYTOCHEM at PHYTOCHEM’s facilities of the use and function of the Demo Unit. Upon agreement by PHYTOCHEM as to the Commercial Unit Final Price (as defined in Article 5.2), PHYTOCHEM shall issue to OM 500,000 unrestricted shares of the Common Stock of NutraFuels, Inc. (“NTFU”), PHYTOCHEM’s parent company within five (5) working days of delivery of the Demo Unit and agreement by PHYTOCHEM of the Commercial Unit Final Price.
