Allocation to Fiberxon Management Sample Clauses

Allocation to Fiberxon Management. At or before the Closing, a number of shares of Luminent capital stock (“Luminent Common Stock”) which will equal to 1.65% of the shares of Luminent Common Stock outstanding immediately prior to the closing of the Luminent IPO, calculated using the treasury method, shall be issued to members of Fiberxon’s management team in amounts to be allocated by (i) as determined by Fiberxon either (A) Fiberxon’s Chief Executive Officer or (B) Fiberxon’s Chief Operations Officer, and (ii) the Luminent Chief Executive Officer. These shares will be “restricted shares” and would vest at a rate of 25% per year commencing one-year from the Closing and shall have such other rights and be subject to conditions as are set forth in employment agreements/severance agreements to be entered into by Luminent and the individual employee.
Sample 1
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Related to Allocation to Fiberxon Management

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