Annual Stock Grant. Subject to the Company's stockholders approving incentive plans that are required in order to make the annual stock grants required by this Agreement (the “Stockholder Approval”), on the last day of each calendar quarter during the Term beginning with the calendar quarter commencing October 1, 2012 (each an “Equity Grant Date”), the Company shall grant to the Consultant 62,500 shares of common stock, par value $0.001 per share, of the Company (“Common Stock”), which shall be non-forfeitable and free of any restrictions on sale, transfer, assignment or other conveyance. In the event that Stockholder Approval has not been obtained as of an Equity Grant Date and as a result of the lack of such Stockholder Approval the Company is not able to award all or a portion of the equity that is required to be awarded pursuant to the Agreement (disregarding the Stockholder Approval requirement), if and when the Stockholder Approval is obtained, all equity that would have been granted to the Consultant on any Equity Grant Date (disregarding the Stockholder Approval requirement) prior to the Stockholder Approval shall be awarded within five (5) days of the Stockholder Approval (provided that such equity shall be reduced to the extent that the Company has provided compensation to the Consultant in lieu of the equity pursuant to the following sentence). In the event that Stockholder Approval is not obtained within three (3) months of any date on which a Stockholder Approval is required in order to grant the equity under this Section 4.2, then the Company shall use its best efforts to provide other compensation to the Consultant in order to put the Consultant in the same economic position he would have been had Stockholder Approval been obtained within the requisite period.
Annual Stock Grant. Subject to the Company's stockholders approving the FriendFinder Networks Inc. 2012 Stock Incentive Plan (the "Incentive Plan") at the 2012 annual stockholders' meeting and any subsequent stockholder approvals of incentive plans that are required in order to make the annual stock grants required by this Agreement (the “Stockholder Approval”), on the last day of each calendar quarter during the Term beginning with the calendar quarter commencing April 1, 2012 (each an "Equity Grant Date"), the Company shall grant to the Executive 62,500 shares of common stock, par value $0.001 per share, of the Company (“Common Stock”), which shall be non-forfeitable and free of any restrictions on sale, transfer, assignment or other conveyance. The Executive, at his election, may pay to the Company the withholding tax due on the grant of the Common Stock within the five business day period following the date of the grant or may instruct the Company to withhold that number of whole shares of Common Stock required to pay the minimum statutory withholding tax due with respect to the grant. In the event that Stockholder Approval has not been obtained as of an Equity Grant Date and as a result of the lack of such Stockholder Approval the Company is not able to award all or a portion of the equity that is required to be awarded pursuant to the Agreement (disregarding the Stockholder Approval requirement), if and when the Stockholder Approval is obtained, all equity that would have been granted to the Executive on any Equity Grant Date (disregarding the Stockholder Approval requirement) prior to the Stockholder Approval shall be awarded within five (5) days of the Stockholder Approval (provided that such equity shall be reduced to the extent that the Company has provided compensation to the Executive in lieu of the equity pursuant to the following sentence). In the event that Stockholder Approval is not obtained within three (3) months of the date of the Agreement (and/or within three (3) months of any date on which a subsequent Stockholder Approval is required in order to grant the equity under this Section 4.2), then the Company shall use its best efforts to provide other compensation to the Executive in order to put the Executive in the same economic position he would have been had Stockholder Approval been obtained within the requisite period.
Annual Stock Grant. Once the Signing Bonus grant has been fully vested and fully paid the Executive will become entitled to receive, as part of the annual compensation for his services, certain shares of the Company’s common stock as follows: on the third (3rd) annual anniversary date 5,000 shares, on the fourth (4th) annual anniversary date 6,000 shares, on the fifth (5th) annual anniversary date 7,000 shares, on the sixth (6th) annual anniversary date 8,000 shares, on the seventh (7th) annual anniversary date 9,000 shares, and on each annual anniversary date thereafter 10,000 shares. For all purposes of this Agreement each Annual Stock Grant to be awarded hereunder shall be deemed to be earned and shall be paid only upon the completion of a full year of continuous service ending on each prescribed annual anniversary date of this Agreement. Shares awarded pursuant to this paragraph shall be in addition to shares awarded under Section 3(b) above.
Annual Stock Grant. Subject to the approval of the Compensation Committee of the Board of Directors of RadNet, Inc., a Delaware corporation, which is the Company's parent entity ("RNI"), Employee shall receive a grant each calendar year during the initial Term equal to that number of restricted common shares of RNI ("RS Award") under RNI'S 2006 Equity Incentive Plan as amended ("Plan"), determined by dividing Six Hundred Thousand Dollars ($600,000) per calendar year by the xxxxx xxxxx of such shares as determined by the Board of Directors of RNI on the date of each grant. Subject to Employee's continuous service, one third (1/3rd) of the RS Award shall incrementally vest on each of the three successive annual anniversaries of the RS Award grant date. The RS Award shall be governed by the Plan and the RS Award grant agreement which Employee must timely execute as a condition of grant.
Annual Stock Grant. During the term of this Agreement, the Director shall be eligible to receive an annual restricted stock unit (RSU) grant pursuant to the 2021 Equity Incentive Plan on the Effective Date and on each anniversary thereof, the number of RSUs calculated by dividing such dollar amount as shall be determined by the Board by the closing sale price for one ordinary share of the Company on the Company’s principal share exchange on the date of grant. Each grant will vest in full on the earlier of one year after the date of grant or the date of the next year’s annual meeting of shareowners or on such other schedule as shall be determined by the Board at the time of grant, provided the director remains a member of the Board as of the vesting date. RSUs will settle in shares no later than March 15 of the calendar year following the date of vesting.
Annual Stock Grant. Executive shall be awarded 5,000 shares of Company common stock on May 1 of each year as long as he holds the position set forth in Paragraph 1.
Annual Stock Grant. Executive will be eligible for an annual option grant or other stock based award at the discretion of the Board.
Annual Stock Grant. On the date of this Agreement, and each of the first anniversary and second anniversary of the date of this Agreement, the Company shall grant to the Executive 167,000 restricted shares of the Company’s common stock. Each annual grant shall vest upon the attainment of prescribed objectives as established by the compensation committee of the board of directors of the Company at the time of grant. The first grant of 167,000 restricted shares being made on the date hereof shall vest in six equal installments, which one installment vesting upon each attainment of one the following six objectives (1) the establishment of adequate accounting controls, (2) the timely filing of all SEC reports during the remainder of 2024, (3) establishment of customary and adequate G/L satisfactory to the audit committee of the board of directors, (4) establishment of customary and adequate company-wide accounting, reporting, and finance protocols satisfactory to the audit committee of the board of directors, (5) addressing any deficiencies and concerns on a timely basis that may be raised in the company auditor’s management letter for 2024 and (6) fulfillment of any investor outreach and relations during 2024 as required by the board of directors from time to time. The terms of each annual grant shall be subject to the terms of the Restricted Stock Grant Award Agreement in the form attached hereto as Exhibit B.
