Common use of Third Installment Clause in Contracts

Third Installment. An additional ________________________ of the total Shares on the third (3rd) anniversary of the Date of Grant, provided that the Employee is still employed by [Vertical/Now Solutions] or providing services to [Vertical/Now Solutions] on such third (3rd) anniversary.

Appears in 2 contracts

Sources: Restricted Stock Agreement (Vertical Computer Systems Inc), Restricted Stock Agreement (Vertical Computer Systems Inc)