Equity Component. In addition to the cash fee described in subsection (a), on the anniversary of the date of this agreement, if the Director remains a member of the Board of Directors on that date, the Company will grant the Director a total of ⅹ shares of the Company’s common stock (hereinafter referred to as the “Shares”), as the amount of $30,000. The Shares will vest immediately on the date of grant.
Equity Component. Consultant will be eligible to receive stock options of RMC based on his contribution to RMC's growth, as determined by RMC's board at its sole discretion.
Equity Component. 5.1 In further consideration of the license, discharges, releases, promises and covenants not to xxx granted herein, EPIX agrees to issue and deliver to Prince, on January 2, 2004, One Hundred Thirty-Two Thousand (132,000) shares of its common stock, $0.01 par value per share, pursuant to a Stock Purchase Agreement executed concurrently herewith.
Equity Component. In addition to the cash fee(s) described in subsection (a), on the date of this Agreement, GUFR will xxxxx Xxxxxxx options to purchase 25,000 shares of GUFR common stock, which may be exercised immediately. The exercise price of these options will be the closing sale price of GUFR common stock on the OTC Bulletin Board on the date of this Agreement. On October 24, 2008, GUFR will xxxxx Xxxxxxx options to purchase 25,000 shares, which may be exercised immediately thereafter, with an exercise price of the closing sale price of GUFR common stock on the OTC Bulletin Board on such date of grant, provided Xxxxxxx is still a director of or otherwise engaged by GUFR. On October 24, 2009, GUFR will grant options to purchase 25,000 shares, which may be exercised immediately thereafter, with an exercise price of the closing sale price of GUFR common stock on the OTC Bulletin Board on the date if such grant, provided Xxxxxxx is still a director of or otherwise engaged by GUFR. The options will be granted under GUFR’s stock option plan, and will be subject to the terms and conditions of that plan. Subject to the foregoing provisions and the terms and conditions set forth in the plan, the options may be exercised until three years from the date of the grant of such options, except as otherwise provided in the plan.
Equity Component. Client shall grant to Electrum Partners (or an entity controlled by Electurm such that Electrum is deemed to be the sole beneficial owner under Rule 13d-3 promulgated under the Exchange Act) an aggregate of 924,500 shares of restricted common stock of the Company, representing 3.7% interest in the Company, consistent with the grant and vesting schedule set forth in the table below; provided, however, that no grant shall be made, and no shares shall be issued with respect to any grant, if Electrum is not contracted by the Company on the respective date of grant as set forth in the table below. Date of Grant Number of Shares Date of Vesting Effective Date of Agreement 424,500 Effective Date July 1, 2018 50,000 August 1, 2018 August 1, 2018 50,000 September 1, 2018 September 1, 2018 50,000 October 1, 2018 October 1, 2018 50,000 November 1, 2018 November, 2018 50,000 December 1, 2018 December 1, 2018 50,000 January 1, 2019 January 1, 2019 50,000 February 1, 2019 February 1, 2019 50,000 March 1, 2019 March 1, 2019 50,000 April 1, 2019 April 1, 2019 50,000 May 1, 2019 Total 924,500 With respect to each grant set forth in the table above, the shares subject to that grant will only vest if Electrum is contracted under the terms of this agreement on the date of vesting as set forth in the table above. If Electrum is not deemed under contract on a particular date of vesting, the shares that are subject to that grant will be forfeited by Electrum.
Equity Component. In addition to the cash fee(s) described in subsection (a), on the date of this agreement, UTVG will grant Mr. Randall options to purchase a totxx xx 000,000 shares of UTVG common stock. The exercise price of these options will be the closing sale price of a share of UTVG common stock on the OTC Bulletin Board on the date of this agreement. Options to purchase 33,333 shares may be exercised immediately; options to purchase an additional 33,333 shares may be exercised commencing July 1, 2008, and options to purchase the remaining 33,334 shares may be exercised commencing July 1, 2009, provided that in the case of the options to vest in 2008 and 2009 Mr. Randall is still a director of or xxxxxxxxx engaged by UTVG. The options will be granted under UTVG's stock option plan, and will be subject to the terms and conditions of that plan. Subject to the foregoing vesting provisions and the terms and conditions set forth in the plan, the options may be exercised until June 1, 2017, except as otherwise provided in the plan.
Equity Component. For every $1,000 the Company draws on this Note, the Company agrees to issue to Holder 110 shares of the Company’s common stock, $0.01 par value per share (the “Shares”). The number of Shares issuable will be adjusted by the board of directors of the Company to account for any stock split, combination, dividend or similar transaction. The Shares will not be registered under the Securities Act of 1933 and will be subject to resale restrictions under the Act. The Company will issue the Shares as soon as reasonably possible after the receipt of each Advance.
Equity Component. Employer agrees to distribute to Executive promptly following execution of this Amendment, the equity component of the retention award called for in Section 2 of the Agreement. This award will be distributed in the form of shares Employer’s common stock. At the election of Executive, Employer may withhold shares to pay required withholding on amounts received under the Agreement.
Equity Component. In addition to the cash fee(s) described in subsection (a), on the date of his election to the Board of Directors UTVG will grant Mr. Treacy options to purchase 100,000 xxxxxx xf UTVG common stock. The exercise price of these options will be the closing sales price of a share of UTVG common stock on the OTC Bulletin Board on the date of his election to the Board of Directors. Options to purchase 33,333 shares may be exercised immediately; options to purchase an additional 33,333 shares may be exercised commencing November 1, 2008, and options to purchase the remaining 33,334 shares may be exercised commencing November 1, 2009, provided that in the case of the options to vest in 2008 and 2009 Mr. Treacy is still a director of or xxxxxxxxx engaged by UTVG. The options will be granted under UTVG's stock option plan, and will be subject to the terms and conditions of that plan. Subject to the foregoing vesting provisions and the terms and conditions set forth in the plan, the options may be exercised until November 1, 2017, except as otherwise provided in the plan.
Equity Component. In addition to the cash fee(s) described in subsection (a), on the date of this agreement, the Company will grant Xx. Xxxxxxx options to purchase a total of 100,000 shares of the Company’s common stock. The exercise price of these options will be the closing sale price of a share of the Company’s common stock on the OTC Bulletin Board on the date of this agreement. Options to purchase 33,333 shares shall vest and may be exercised immediately; options to purchase an additional 33,333 shares shall vest and may be exercised commencing July 1, 2008, and options to purchase the remaining 33,334 shares shall vest and may be exercised commencing July 1, 2009, provided that in the case of the options to vest in 2008 and 2009, Xx. Xxxxxxx is still a director of or otherwise engaged by the Company on such dates. Subject to the foregoing vesting provisions, the options may be exercised until June 1, 2017.
