Common use of Award Schedule Clause in Contracts

Award Schedule. 1347 Advisors shall be eligible to receive the Shares at any time that the last sales price of the Common Stock on the NASDAQ or any other national exchange on which the Common Stock is traded equals or exceeds $10.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period (the “Milestone”).

Appears in 3 contracts

Samples: Performance Shares Grant Agreement (1347 Property Insurance Holdings, Inc.), Agreement to Buyout and Release (Kingsway Financial Services Inc), Performance Shares Grant Agreement (1347 Property Insurance Holdings, Inc.)

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Award Schedule. 1347 Advisors shall be eligible to receive the Shares at any time that the last sales price of the Common Stock on the NASDAQ or any other national exchange on which the Common Stock is traded equals or exceeds $10.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period (the “Milestone”). 4.

Appears in 1 contract

Samples: Performance Shares Grant Agreement

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