Common use of Restricted Stock Vesting Clause in Contracts

Restricted Stock Vesting. As part of the Executive’s compensation, Executive shall be issued Sixteen Million Four Hundred Ninety Nine Thousand Seven Hundred (16,499,700) restricted Company Shares which shall vest in Executive, become unrestricted and be delivered to Executive in accordance with the terms and conditions of the Executive’s Restricted Stock Award Agreement, as well as in accordance with the 2011 Plan.

Appears in 2 contracts

Samples: Green Ballast Employment Agreement (Green Ballast, Inc.), Green Ballast Employment Agreement (Green Ballast, Inc.)

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Restricted Stock Vesting. As part of the Executive’s compensation, Executive shall be issued Sixteen Fifteen Million Four Five Hundred Ninety Nine Thousand Seven Six Hundred (16,499,70015,500,600) restricted Company Shares which shall vest in Executive, become unrestricted and be delivered to Executive in accordance with the terms and conditions of the Executive’s Restricted Stock Award Agreement, as well as in accordance with the 2011 Plan.

Appears in 1 contract

Samples: Green Ballast Employment Agreement (Green Ballast, Inc.)

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Restricted Stock Vesting. As part of the Executive’s compensation, Executive shall be issued Sixteen One Million Four Eight Hundred Ninety Nine Thousand Seven Hundred (16,499,7001,800,000) restricted Company Shares which shall vest in Executive, become unrestricted and be delivered to Executive in accordance with the terms and conditions of the Executive’s Restricted Stock Award Agreement, as well as in accordance with the 2011 Plan.

Appears in 1 contract

Samples: Green Ballast Employment Agreement (Green Ballast, Inc.)

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