Common use of Incentive Stock Clause in Contracts

Incentive Stock. a. On the Effective Date, the Executive shall receive [1,250,000] shares of the Company (the “Restricted Stock”) which shall be subject to the provisions of the Restricted Stock Agreement between the Company and the Executive (the “Restricted Stock Agreement”), including, without limitation, its forfeiture conditions, rights of repurchase and other transfer restrictions, except to the extent that any such provisions conflict with the provisions of this Agreement in which case the provisions of this Agreement will prevail. b. The board of the Company may, from time to time and in its sole discretion, award the Executive additional restricted stock, stock options or other equity based consideration, with any such awards being subject in each case to the applicable agreements governing such award.

Appears in 2 contracts

Samples: Executive Employment Agreement (Cen Biotech Inc), Executive Employment Agreement (Cen Biotech Inc)

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Incentive Stock. a. On the Effective Date, the Executive shall receive [1,250,000] 2,750,000 shares of the Company (the “Restricted Stock”) which shall be subject to the provisions of the Restricted Stock Agreement between the Company and the Executive (the “Restricted Stock Agreement”), including, without limitation, its forfeiture conditions, rights of repurchase and other transfer restrictions, except to the extent that any such provisions conflict with the provisions of this Agreement in which case the provisions of this Agreement will prevail. b. The board of the Company may, from time to time and in its sole discretion, award the Executive additional restricted stock, stock options or other equity equity-based consideration, with any such awards being subject in each case to the applicable agreements governing such award.

Appears in 1 contract

Samples: Executive Employment Agreement (Cen Biotech Inc)

Incentive Stock. a. On the Effective Date, the Executive shall receive [1,250,0001,041,250] shares of the Company (the “Restricted Stock”) which shall be subject to the provisions of the Restricted Stock Agreement between the Company and the Executive (the “Restricted Stock Agreement”), including, without limitation, its forfeiture conditions, rights of repurchase and other transfer restrictions, except to the extent that any such provisions conflict with the provisions of this Agreement in which case the provisions of this Agreement will prevail. b. The board of the Company may, from time to time and in its sole discretion, award the Executive additional restricted stock, stock options or other equity based consideration, with any such awards being subject in each case to the applicable agreements governing such award.

Appears in 1 contract

Samples: Executive Employment Agreement (Cen Biotech Inc)

Incentive Stock. a. On the Effective Date, the Executive shall receive [1,250,000] 1,750,000 shares of the Company (the “Restricted Stock”) which shall be subject to the provisions of the Restricted Stock Agreement between the Company and the Executive (the “Restricted Stock Agreement”), including, without limitation, its forfeiture conditions, rights of repurchase and other transfer restrictions, except to the extent that any such provisions conflict with the provisions of this Agreement in which case the provisions of this Agreement will prevail. b. The board of the Company may, from time to time and in its sole discretion, award the Executive additional restricted stock, stock options or other equity equity-based consideration, with any such awards being subject in each case to the applicable agreements governing such award.

Appears in 1 contract

Samples: Executive Employment Agreement (Cen Biotech Inc)

Incentive Stock. a. On the Effective Date, the Executive shall receive [1,250,0004,500,000] shares of the Company (the “Restricted Stock”) which shall be subject to the provisions of the Restricted Stock Agreement between the Company and the Executive (the “Restricted Stock Agreement”), including, without limitation, its forfeiture conditions, rights of repurchase and other transfer restrictions, except to the extent that any such provisions conflict with the provisions of this Agreement in which case the provisions of this Agreement will prevail. b. The board of the Company may, from time to time and in its sole discretion, award the Executive additional restricted stock, stock options or other equity based consideration, with any such awards being subject in each case to the applicable agreements governing such award.

Appears in 1 contract

Samples: Executive Employment Agreement (Cen Biotech Inc)

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Incentive Stock. a. On the Effective Date, the Executive shall receive [1,250,0008,750,000] shares of the Company (the “Restricted Stock”) which shall be subject to the provisions of the Restricted Stock Agreement between the Company and the Executive (the “Restricted Stock Agreement”), including, without limitation, its forfeiture conditions, rights of repurchase and other transfer restrictions, except to the extent that any such provisions conflict with the provisions of this Agreement in which case the provisions of this Agreement will prevail. b. The board of the Company may, from time to time and in its sole discretion, award the Executive additional restricted stock, stock options or other equity based consideration, with any such awards being subject in each case to the applicable agreements governing such award.

Appears in 1 contract

Samples: Executive Employment Agreement (Cen Biotech Inc)

Incentive Stock. a. On the Effective Date, the Executive shall receive [1,250,000750,000] shares of the Company (the “Restricted Stock”) which shall be subject to the provisions of the Restricted Stock Agreement between the Company and the Executive (the “Restricted Stock Agreement”), including, without limitation, its forfeiture conditions, rights of repurchase and other transfer restrictions, except to the extent that any such provisions conflict with the provisions of this Agreement in which case the provisions of this Agreement will prevail. b. The board of the Company may, from time to time and in its sole discretion, award the Executive additional restricted stock, stock options or other equity based consideration, with any such awards being subject in each case to the applicable agreements governing such award.

Appears in 1 contract

Samples: Executive Employment Agreement (Cen Biotech Inc)

Incentive Stock. a. On the Effective Date, the Executive shall receive [1,250,0001,000,000] shares of the Company (the “Restricted Stock”) which shall be subject to the provisions of the Restricted Stock Agreement between the Company and the Executive (the “Restricted Stock Agreement”), including, without limitation, its forfeiture conditions, rights of repurchase and other transfer restrictions, except to the extent that any such provisions conflict with the provisions of this Agreement in which case the provisions of this Agreement will prevail. b. The board of the Company may, from time to time and in its sole discretion, award the Executive additional restricted stock, stock options or other equity based consideration, with any such awards being subject in each case to the applicable agreements governing such award.

Appears in 1 contract

Samples: Executive Employment Agreement (Cen Biotech Inc)

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