Determination of Compensation. On each vesting date set forth in Article II hereof, the value of the Compensation that vests on such date shall be determined as follows: the percentage of Compensation vesting multiplied by the greater of (i) $60,000 or (ii) 80,000 multiplied by the Fair Market Value per share of Common Stock on the applicable vesting date.
Appears in 3 contracts
Samples: Restricted Stock and Compensation Agreement (iDcentrix, Inc.), Restricted Stock and Compensation Agreement (iDcentrix, Inc.), Restricted Stock and Compensation Agreement (iDcentrix, Inc.)
Determination of Compensation. On each vesting date set forth in Article II hereof, the value of the Compensation that vests on such date shall be determined as follows: the percentage of Compensation vesting multiplied by the greater of (i) $60,000 15,000 or (ii) 80,000 20,000 multiplied by the Fair Market Value per share of Common Stock on the applicable vesting date.
Appears in 2 contracts
Samples: Restricted Stock and Compensation Agreement (iDcentrix, Inc.), Restricted Stock and Compensation Agreement (iDcentrix, Inc.)
