Restricted Stock Grants. Subject to approval by the Board and the Compensation Committee, and as additional compensation, the Corporation shall grant to Director Restricted Shares equal to $15,000.00 (“Restricted Stock”) of the Corporation’s Common Stock, $0.001 par value per share, payable in quarterly installments of such restricted shares equal to $3,750.00 on the date of the company’s quarterly meeting of the Board of Director’s in arrears.
Appears in 4 contracts
Samples: Director Retainer Agreement (Nanoviricides, Inc.), Director Retainer Agreement (Nanoviricides, Inc.), Director Retainer Agreement (Nanoviricides, Inc.)