MIP Agreement definition
Examples of MIP Agreement in a sentence
Each of Section 6.07(a), Section 6.07(b) and Section 6.07(c) are subject to (i) with respect to Class A Shares issued to EMI, the provisions of the Subscription Agreement and (ii) with respect to Class B Shares issued to EEH, the MIP Agreement.
Subject to Section 4.02(d), the Class B Shares shall vest in accordance with the terms and conditions of the MIP Agreement and related Award Agreement governing the issuance of such Class B Shares.
Neither Party hereto has assigned any interest, whether legal or beneficial, in its rights or obligations under the MIP Agreement.
On or about June, 24, 2014, EZJR, Inc, and Leader Act Ltd HK (“Leader”), a Hong Kong corporation entered into a MIP Agreement.
Terms utilized herein shall have the same meaning and effect as defined in the MIP Agreement, unless such definition is expressly modified or redefined herein.
Assignor has agreed to assign to Assignee all right, title, and interest of Assignor in, to and under the MIP Agreement.
As part of the MIP Agreement, funds advanced to EZJR from Leader can be converted into common stock of EZJR at a conversion rate of $0.05 per share.