Grant of Equity. In consideration of the foregoing and upon --------------- signature hereof, LWP will issue 1,000,000 shares of its Series D Preferred Stock (the "Stock") and fully vested warrants for shares of Stock, each with a term of five (5) years, to purchase (i) an additional 111,111 shares of Stock at an exercise price of $3.00 per share (the "First Warrant"), (ii) an additional 83,333 shares of Stock with an exercise price of $4.00 per share (the "Second Warrant") and (iii) an additional 66,667 shares of Stock with an exercise price of $5.00 per share (the "Third Warrant" and, collectively with the First Warrant and the Second Warrant, the "Warrants") to NBC pursuant to the terms hereof.
Grant of Equity. Licensee will issue to the Licensor 120,000 shares of common stock of Licensee. If, immediately prior to the Trigger Financing Date, the shares issued to Licensor under the immediately preceding sentence constitute less than $ 120,000 worth of stock on a pre-money basis (as such value is calculated for purposes of the offering occurring on the Trigger Financing Date), then Licensee shall issue additional shares of common stock to Licensor such that immediately after such issuance and immediately prior to the Trigger Financing Date, the total number of shares issued to Licensor by Licensee shall be equal to $120,000 worth of stock on a pre-money basis (as such value is calculated for purposes of the offering occurring on the Trigger Financing Date); it being understood that no additional shares or other securities will be issuable to the Licensor in connection with or as a result of the Equity Securities being issued in the transaction that results in the Trigger Financing Date. The issuance(s) of common stock to Licensor shall be made in accordance with a subscription agreement in substantially the form attached hereto as Exhibit D to be entered into by and between Licensor and Licensee as of the Effective Date. [***] Certain information in this document has been excluded pursuant to Regulation S-K, Item 601(b)(10). Such excluded information is not material and would likely cause competitive harm to the registrant if publicly disclosed.
Grant of Equity. Employee will be eligible to participate in the Employer’s equity participation programs to acquire options or equity incentive compensation units in the common stock of First Solar, Inc., subject to and in accordance with the following contingencies: (1) additional terms contained in Employer’s equity grant documentation, (2) approval if required of the Employer’s equity incentive plan by Employer’s Board of Directors (the “Board”) and shareholders of Employer, (3) approval of the grants by the Board, (4) Employee’s execution of documents requested by Employer at the time of grant (5) Employee’s continued employment through the grant date, (6) in accordance with the 2006 Omnibus Equity Incentive Compensation Plan and (7) in accordance with the policies, procedures and practices from time to time of the Employer for granting such options or equity incentive compensation units.
Grant of Equity. First Solar, Inc. Confidential — agt v.1-08 Page 4 of 8
Grant of Equity. As additional consideration for the making of its Commitment, the Lenders have earned and are entitled to receive immediately upon the execution of the Loan and Security Agreement and this Supplement, fully paid and nonassessable shares of Borrower’s common stock (the “Common Stock”) equal to 547,807 in the aggregate (the “Equity Grant”).
Grant of Equity. Eaucentrix will receive three hundred thousand (300,000) of Boon restricted Preferred Series A Stock (Par. 0001) valued at $10.00 per share having a valuation of $3,000,000 with Eaucentrix having the absolute right to distribute shares to other persons or entities at Eaucentrix’s sole discretion without any further approval from Boon.
Grant of Equity. (a) Pursuant to the Tempur Sealy International, Inc. 2013 Equity Incentive Plan, as amended, effective as of the Date of Hire (for purposes of this paragraph, the “Grant Date”) the Employee shall be granted an award (the “Award”) of restricted stock units (the “RSUs”) each such RSU representing the right to a share of the common stock, par value $0.01 per share, of the Company (the “Stock”) having a grant date fair value equal to six hundred thousand dollars ($600,000) on the date of grant, rounded up or down to the nearest whole share. Such Award shall be made pursuant to and subject to the terms and conditions of a Restricted Stock Unit Award Agreement between the Company and Employee (“Award Agreement”) in the form attached hereto as Exhibit A. Subject to the provisions of the Award Agreement, this Award shall vest in full on the third anniversary of the Grant Date.
(b) The Company expects that Employee will be considered for an additional equity award in the first quarter of 2015 in accordance with the Company’s normal executive compensation practices, and annually thereafter, but the timing, amount and terms of any future grants will be subject to the discretion of the Board of Directors or the Compensation Committee.
Grant of Equity. Employee will be eligible to participate in the Employer’s equity participation programs to acquire options or equity incentive compensation units in the common stock of First Solar, Inc., subject to and in accordance with the following contingencies: (1) additional terms contained in Employer’s equity grant documentation, (2) approval if required of the Employer’s equity incentive plan by Employer’s Board of Directors (the “Board”) and shareholders of Employer, (3) approval of the grants by the Board, (4) Employee’s execution of documents requested by Employer at the time of grant (5) Employee’s continued employment through the grant date, (6) in accordance with the 2006 Omnibus Equity Incentive Compensation Plan and (7) in accordance with the policies, procedures and practices from time to time of the Employer for granting such options or equity incentive compensation units. First Solar will grant Employee options to purchase 150,000 shares of common stock, exercisable at fair market value on the date of grant as determined by the Board. Each year 20% of the option shares will vest on the anniversary of the effective grant date, commencing on the first anniversary of the effective grant date. The options will be subject to the additional terms of grant approved by the Board and the First Solar Omnibus Equity Incentive Equity Plan currently in effect.
Grant of Equity
