Common use of Restricted Stock Issuance Clause in Contracts

Restricted Stock Issuance. In connection with the License Agreement and subject to the terms and conditions of this Agreement, the Company hereby agrees to issue to Paramount 200,000 shares (collectively, the “Shares”) of the Company’s common stock, par value $0.001 per share (“Common Stock”). The Company shall issue the Shares as soon as practicable following the date of this Agreement, and in any event within twenty (20) business days following the date that Paramount has exercised its Renewal Option under Section 3.B. of the License Agreement (the “Original Issuance Date”).

Restricted Stock Issuance. In Pursuant to the License Agreement, in connection with Paramount’s exercise of the License Agreement 2016 Extension Option and subject to the terms and conditions of this Agreement, the Company hereby agrees to shall issue to Paramount 200,000 50,000 shares (collectively, the “"Shares”") of the Company’s 's common stock, par value $0.001 per share (“"Common Stock”"). The Company shall issue the Shares as of January 1, 2016 (or as soon as practicable following the date of this Agreement, and in any event within twenty (20) business days following the date that Paramount has exercised its Renewal Option under Section 3.B. of the License Agreement (the “Original Issuance Date”such date).

Restricted Stock Issuance. In Pursuant to the License Agreement, in connection with Paramount’s exercise of the License Agreement 2015 Extension Option and subject to the terms and conditions of this Agreement, the Company hereby agrees to shall issue to Paramount 200,000 50,000 shares (collectively, the “"Shares”") of the Company’s 's common stock, par value $0.001 per share (“"Common Stock”"). The Company shall issue the Shares as of January 1, 2015 (or as soon as practicable following the date of this Agreement, and in any event within twenty (20) business days following the date that Paramount has exercised its Renewal Option under Section 3.B. of the License Agreement (the “Original Issuance Date”such date).