Common use of Extension of the Vesting Period Clause in Contracts

Extension of the Vesting Period. The last two sentences of Section 1 of the Original Subscription Agreement are hereby amended and restated in their entirety as follows: “As consideration for the purchase of Stock, Investor hereby agrees to pay to the Company the sum of $200,000 (the “Purchase Price”) in the form of services as an officer for the seven-year period beginning September 29, 2006 and ending September 30, 2013. The Subscription Shares will be subject to forfeiture and restricted from being sold by Investor until the later to occur of:

Appears in 1 contract

Samples: Stock Subscription Agreement (Paragon Real Estate Equity & Investment Trust)

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Extension of the Vesting Period. The last two sentences of Section 1 of the Original Subscription Agreement are hereby amended and restated in their entirety as follows: “As consideration for the purchase of Stock, Investor hereby agrees to pay to the Company the sum of $200,000 (the “Purchase Price”) in the form of services as an officer for the seventhree-year period beginning September 29, 2006 and ending September 3029, 20132009. The Subscription Shares will be subject to forfeiture and restricted from being sold by Investor until the later to occur of:

Appears in 1 contract

Samples: Stock Subscription Agreement (Paragon Real Estate Equity & Investment Trust)

Extension of the Vesting Period. The last two sentences of Section 1 of the Original Subscription Agreement are hereby amended and restated in their entirety as follows: “As consideration for the purchase of Stock, Investor hereby agrees to pay to the Company the sum of $200,000 (the “Purchase Price”) in the form of services as an officer for the seventhree-year period beginning September 29, 2006 and ending September 3029, 20132012. The Subscription Shares will be subject to forfeiture and restricted from being sold by Investor until the later to occur of:

Appears in 1 contract

Samples: Stock Subscription Agreement (Paragon Real Estate Equity & Investment Trust)

Extension of the Vesting Period. The last two sentences of Section 1 of the Original Subscription Agreement are hereby amended and restated in their entirety as follows: “As consideration for the purchase of Stock, Investor hereby agrees to pay to the Company the sum of $200,000 (the “Purchase Price”) in the form of services as an officer for the seven-year period beginning September 29, 2006 and ending September 30, 20132016. The Subscription Shares will be subject to forfeiture and restricted from being sold by Investor until the later to occur of:

Appears in 1 contract

Samples: Stock Subscription Agreement (Paragon Real Estate Equity & Investment Trust)

Extension of the Vesting Period. The last two sentences of Section 1 of the Original Subscription Agreement are hereby amended and restated in their entirety as follows: “As consideration for the purchase of Stock, Investor hereby agrees to pay to the Company the sum of $200,000 (the “Purchase Price”) in the form of services as an officer for the seventhree-year period beginning September 29, 2006 and ending September 3029, 20132011. The Subscription Shares will be subject to forfeiture and restricted from being sold by Investor until the later to occur of:

Appears in 1 contract

Samples: Stock Subscription Agreement (Paragon Real Estate Equity & Investment Trust)

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Extension of the Vesting Period. The last two sentences of Section 1 of the Original Subscription Agreement are hereby amended and restated in their entirety as follows: “As consideration for the purchase of Stock, Investor hereby agrees to pay to the Company the sum of $200,000 (the “Purchase Price”) in the form of services as an officer for the seventhree-year period beginning September 29, 2006 and ending September 3029, 20132010. The Subscription Shares will be subject to forfeiture and restricted from being sold by Investor until the later to occur of:

Appears in 1 contract

Samples: Stock Subscription Agreement (Paragon Real Estate Equity & Investment Trust)

Extension of the Vesting Period. The last two sentences of Section 1 of the Original Subscription Agreement are hereby amended and restated in their entirety as follows: “As consideration for the purchase of Stock, Investor hereby agrees to pay to the Company the sum of $200,000 (the “Purchase Price”) in the form of services as an officer for the seven-year period beginning September 29, 2006 and ending September 30, 20132015. The Subscription Shares will be subject to forfeiture and restricted from being sold by Investor until the later to occur of:

Appears in 1 contract

Samples: Stock Subscription Agreement (Paragon Real Estate Equity & Investment Trust)

Extension of the Vesting Period. The last two sentences of Section 1 of the Original Subscription Agreement are hereby amended and restated in their entirety as follows: “As consideration for the purchase of Stock, Investor hereby agrees to pay to the Company the sum of $200,000 (the “Purchase Price”) in the form of services as an officer for the seven-year period beginning September 29, 2006 and ending September 30, 20132014. The Subscription Shares will be subject to forfeiture and restricted from being sold by Investor until the later to occur of:

Appears in 1 contract

Samples: Stock Subscription Agreement (Paragon Real Estate Equity & Investment Trust)

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