AMENDMENT TO EQUITY Sample Clauses

AMENDMENT TO EQUITY. Section 6 of the Employment Agreement is hereby amended by adding the following to the end of such Section: “In addition, it will be recommended to the Board that the Company grant Executive an option to purchase 50,000 shares of the Company's Common Stock (subject to appropriate adjustment in the event of any stock dividend, stock split, reverse stock split, combination or similar recapitalization affecting the Company’s Common Stock) at a price per share equal to the closing price for one (1) share of the Company’s Common Stock on the date of grant. The stock option will vest monthly over a four-year period measured from July 3, 2017, subject to Executive’s continuing employment with the Company. This option grant shall be subject to the terms and conditions of the Plan and a Stock Option Agreement. No right to any stock is earned or accrued until such time that vesting occurs, nor does the xxxxx xxxxxx any right to continue vesting or employment.”
Sample 1
AutoNDA by SimpleDocs

Related to AMENDMENT TO EQUITY

  • Amendment to Annex A Annex A to the Original Indenture is amended as follows:

  • Amendment to Article IX Article IX of the Credit Agreement is hereby amended by inserting the following text as a new Section 9.02A to the Credit Agreement:

  • Amendment to Article II Article II of the Credit Agreement is hereby amended by adding the following Section 2.16:

  • Amendment to Article I Article I of the Existing Credit Agreement is hereby amended in accordance with Subparts 2.1.1 through 2.1.2.

  • Amendment to Loan Agreement Subject to satisfaction of the conditions precedent set forth in Section 3 below, the Loan Agreement is hereby amended as follows:

  • Amendment to Schedule I Schedule I to the Credit Agreement is hereby amended and restated in its entirety as set forth on Schedule I attached hereto.

  • Amendment to Note The Note is hereby amended as follows:

  • Amendment to Credit Agreement The Credit Agreement is hereby amended as follows:

  • Amendment to Article V Article V of the Credit Agreement is hereby amended by inserting the following as a new Section 5.21:

  • Amendment to Article VII The provisions of Article VII of the Credit Agreement are hereby amended by addition of the following subsection at the end of Section 7.01:

Time is Money Join Law Insider Premium to draft better contracts faster.