Grant of Stock Award. If the Aggregate Shortfall Amount with respect to the Trigger Event is greater than zero, then, immediately prior to the closing of the Trigger Event, the Company shall grant to the Executive an award of a number of shares of Common Stock equal to the Executive Grant Amount (the “Stock Award”) pursuant to the Plan and a Common Stock Award Agreement, in substantially the form attached hereto as Exhibit A (the “Award Agreement”), subject to the terms and conditions contained in this Agreement, the Plan and the Award Agreement. For the avoidance of doubt, the rights of the Executive to receive the Stock Award shall only apply with respect to the first Trigger Event that occurs after the date of this Agreement, and the Executive shall not be entitled to receive any award of shares of Common Stock under this Agreement with respect to any other event or occurrence.
Appears in 5 contracts
Samples: Incentive Agreement, Incentive Agreement (Telx Group, Inc.), Incentive Agreement (Telx Group, Inc.)
