Common use of Initial Stock Award Clause in Contracts

Initial Stock Award. As of the Closing, Employee shall be granted an initial aggregate stock award of a certain number of shares of the Company’s common stock pursuant to the Company’s 2011 Equity Incentive Plan (the “2011 Plan”), consisting of 104,167 restricted stock units and stock options for 312,500 shares of the Company’s common stock (collectively, the “Initial Stock Award”). The Initial Stock Award shall vest as follows: (1) 25% of such award shall vest immediately at Closing; (2) 75% of such award shall vest in equal one-third increments on each of the first three anniversaries of the Closing (25% per year).

Initial Stock Award. As of the Closing, Employee shall be granted an initial aggregate stock award of a certain number of shares of the Company’s common stock pursuant to the Company’s 2011 Equity Incentive Plan (the “2011 Plan”), consisting of 104,167 166,667 restricted stock units and stock options for 312,500 500,000 shares of the Company’s common stock (collectively, the “Initial Stock Award”). The Initial Stock Award shall vest as follows: (1) 25% of such award shall vest immediately at Closing; (2) 75% of such award shall vest in equal one-third increments on each of the first three anniversaries of the Closing (25% per year).

Initial Stock Award. As of the Closing, Employee shall be granted an initial aggregate stock award of a certain number of shares of the Company’s common stock pursuant to the Company’s 2011 Equity Incentive Plan (the “2011 Plan”), consisting of 104,167 208,333 restricted stock units and stock options for 312,500 to acquire 625,000 shares of the Company’s Company common stock (collectively, the “Initial Stock Award”). The Initial Stock Award shall vest as follows: (1) 25% of such award shall vest immediately at Closing; (2) 75% of such award shall vest in equal one-third increments on each of the first three anniversaries of the Closing (25% per year).

Initial Stock Award. As of the Closing, Employee shall be granted an initial aggregate stock award of a certain number of shares of the Company’s common stock pursuant to the Company’s 2011 Equity Incentive Plan (the “2011 Plan”), consisting of 104,167 208,333 restricted stock units and stock options for 312,500 625,000 shares of the Company’s common stock (collectively, the “Initial Stock Award”). The Initial Stock Award shall vest as follows: (1) 25% of such award shall vest immediately at Closing; (2) 75% of such award shall vest in equal one-third increments on each of the first three anniversaries of the Closing (25% per year).

Initial Stock Award. As of the Closing, Employee shall be granted an initial aggregate stock award of a certain number of shares of the Company’s common stock pursuant to the Company’s 2011 Equity Incentive Plan (the “2011 Plan”), consisting of 104,167 208,333 restricted stock units and stock options for 312,500 to acquire 625,000 shares of the Company’s common stock (collectively, the “Initial Stock Award”). The Initial Stock Award shall vest as follows: (1) 25% of such award shall vest immediately at Closing; (2) 75% of such award shall vest in equal one-third increments on each of the first three anniversaries of the Closing (25% per year).