Common use of Equity Ownership Requirement Clause in Contracts

Equity Ownership Requirement. In order to more closely align Employee’s interest in the Company with that of its stockholders, Employee and the Company agree as follows: (i) within 12 months of the Effective Date, Employee agrees to have acquired (through purchase, grant or exercise), at his cost and expense, Company common stock in an aggregate amount not less than $43,000, including any current ownership of Company common stock; (ii) within 24 months of the Effective Date, Employee agrees have acquired (through purchase, grant or exercise), at his cost and expense, Company common stock in an aggregate amount not less than $86,000, including any current ownership of Company common stock; (iii) within 36 months of the Effective Date, Employee agrees to have acquired (through purchase, grant or exercise), at his cost and expense, Company common stock in an aggregate amount not less than $129,000, each such dollar amount to be calculated based on the greater of cost basis or market; and (iv) Employee agrees to maintain such total equity ownership position throughout the remainder Employment Term (the foregoing requirements shall be collectively referred to as the “Equity Ownership Requirement”).

Equity Ownership Requirement. In order to more closely align Employee’s interest in the Company with that of its stockholders, Employee and the Company agree as follows: (i) within 12 months of the Effective Date, Employee agrees to have acquired (through purchase, grant or exercise), at his cost and expense, Company common stock in an aggregate amount not less than $43,00057,500, including any current ownership of Company common stock; (ii) within 24 months of the Effective Date, Employee agrees have acquired (through purchase, grant or exercise), at his cost and expense, Company common stock in an aggregate amount not less than $86,000115,000, including any current ownership of Company common stock; (iii) within 36 months of the Effective Date, Employee agrees to have acquired (through purchase, grant or exercise), at his cost and expense, Company common stock in an aggregate amount not less than $129,000172,500, each such dollar amount to be calculated based on the greater of cost basis or market; and (iv) Employee agrees to maintain such total equity ownership position throughout the remainder Employment Term (the foregoing requirements shall be collectively referred to as the “Equity Ownership Requirement”).

Equity Ownership Requirement. In order to more closely align Employee’s interest in the Company with that of its stockholders, Employee and the Company agree as follows: (i) within 12 months of the Effective Date, Employee agrees to have acquired (through purchase, grant or exercise), at his cost and expense, Company common stock in an aggregate amount not less than $43,00035,000, including any current ownership of Company common stock; (ii) within 24 months of the Effective Date, Employee agrees have acquired (through purchase, grant or exercise), at his cost and expense, Company common stock in an aggregate amount not less than $86,00070,000, including any current ownership of Company common stock; (iii) within 36 months of the Effective Date, Employee agrees to have acquired (through purchase, grant or exercise), at his cost and expense, Company common stock in an aggregate amount not less than $129,000105,000, each such dollar amount to be calculated based on the greater of cost basis or market; and (iv) Employee agrees to maintain such total equity ownership position throughout the remainder Employment Term (the foregoing requirements shall be collectively referred to as the “Equity Ownership Requirement”).

Equity Ownership Requirement. In order to more closely align Employee’s interest in the Company with that of its stockholders, Employee and the Company agree as follows: (i) within 12 months of the Effective Date, Employee agrees to have acquired (through purchase, grant or exercise), at his cost and expense, Company common stock in an aggregate amount not less than $43,00037,500, including any current ownership of Company common stock; (ii) within 24 months of the Effective Date, Employee agrees have acquired (through purchase, grant or exercise), at his cost and expense, Company common stock in an aggregate amount not less than $86,00075,000, including any current ownership of Company common stock; (iii) within 36 months of the Effective Date, Employee agrees to have acquired (through purchase, grant or exercise), at his cost and expense, Company common stock in an aggregate amount not less than $129,000112,500, each such dollar amount to be calculated based on the greater of cost basis or market; and (iv) Employee agrees to maintain such total equity ownership position throughout the remainder Employment Term (the foregoing requirements shall be collectively referred to as the “Equity Ownership Requirement”).