Common use of Stock Grant Clause in Contracts

Stock Grant. Simultaneously with the consummation of the IPO, Employee will be granted that number of shares of all classes of stock of the Holding Company equal to one percent (1.0%) of the number of shares of all classes of stock of the Holding Company outstanding immediately upon consummation of the IPO. Such shares so granted shall fully and completely vest on the date of issuance.

Stock Grant. Simultaneously with the consummation of the IPOCombination, Employee will be granted that number of shares of all classes of stock of the Holding Company equal to one percent (1.0%) of the number of shares of all classes of stock of the Holding Company outstanding immediately upon consummation of the IPO. Such shares so granted shall fully and completely vest on the date of issuance.