Common use of Suspension and Cancellation of Stock Clause in Contracts

Suspension and Cancellation of Stock. (i) In the event the Company reasonably believes Advisor has committed an act of misconduct including, but limited to acts specified below, the Company may suspend Advisor’s right in his unvested Restricted Stock granted hereunder pending final determination by the Board of the Company (the “Board”). If Advisor is determined by the Board to have:

Appears in 4 contracts

Samples: Board Advisory Agreement (First China Pharmaceutical Group, Inc.), Board Advisory Agreement (XcelMobility Inc.), Board Advisory Agreement (XcelMobility Inc.)

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Suspension and Cancellation of Stock. (i) In the event the Company reasonably believes Advisor has committed an any act of misconduct includingmisconduct, but limited to acts as specified below, the Company may suspend Advisor’s right in his unvested the Restricted Stock granted hereunder pending final determination by the Board of the Company (the “Board”). If Advisor is determined by the Board to have:

Appears in 1 contract

Samples: Board Advisory Agreement (Eco Science Solutions, Inc.)

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