Retention Shares. The Company will issue to Xxxxxxxx one million (1,000,000) shares of its common stock contemporaneously with Xxxxxxxx entering into this Agreement.
Retention Shares. Each Retention Share that is outstanding on the Effective Date and that is held by an Employee shall be vested and transferable as of the Effective Date. The term “
Retention Shares. In addition to the other compensation Executive is entitled to receive under this section 4, (i) provided that Executive is in the employ of the Company on the date which is six months after the date of this Agreement, Executive shall receive 792,555 shares of the common stock, par value $0.001 per share (the “Compliance Common Stock”), of Compliance as of such six-month date, (ii) provided that Executive is in the employ of the Company on the date which is twelve months after the date of this Agreement, Executive shall receive an additional 792,555 shares of Compliance Common Stock as of such twelve-month date, (iii) provided that Executive is in the employ of the Company on the date which is eighteen months after the date of this Agreement, Executive shall receive an additional 792,555 shares of Compliance Common Stock as of such eighteen-month date, and (iv) provided that Executive is in the employ of the Company on the second anniversary of the date of this Agreement, Executive shall receive an additional 792,555 shares of Compliance Common Stock as of such second anniversary date. Such aggregate 3,170,220 shares (the “Rxxxxxxx Retention Shares”) are a portion of the shares of Compliance Common Stock referred to as Retention Shares in the Merger Agreement. Executive acknowledges that (x) the Rxxxxxxx Retention Shares have not been, and will not have been as of their issuance dates, registered under the Securities Act of 1933, as amended, nor any state securities laws, (y) each stock certificate evidencing any of the Rxxxxxxx Retention Shares will be appropriately legended to note such lack of registration and (z) Compliance may require Executive to execute documents that Compliance reasonably believes necessary in connection with the issuances of the Rxxxxxxx Retention Shares.
Retention Shares. In order to induce Howard A. Pearl and Stuart Green to renew their employment relatxxxxxxx xith Rhino, xxxxxxxxxxxx with the execution of this Agreement Cyberads will issue to each of them Three Hundred Thousand (300,000) shares of Cyberads Series C Preferred Stock, based on a value of $1.00 per share, for a total of Six Hundred Thousand (600,000) shares of Series C Shares. Howard and Stuart will each have the right to convert all or part of xxx Seriex X Xxares into Cyberads Class A Common Stock in an amount equal to Three Hundred Thousand Dollars ($300,000) (the "Retention Share Value"), based on the Trailing Average. As described in Sections 1.1
Retention Shares. The Employee represents and warrants that, at the time of execution of this Agreement, he beneficially owns Lifetime shares having a fair market value equal to at least five (5) times his current annual base salary. Notwithstanding the provisions of
Retention Shares. On the first business day of the calendar month after the Commencement Date, the Company shall make a one-time Award (as defined in Exhibit A) of five thousand (5,000) shares of HoldCo Restricted Stock (as defined in Exhibit A) as a retention inducement (the “Retention Shares”). The Retention Shares shall vest on the first anniversary of the grant date, provided that the Employee remains employed by the Company on the First Anniversary Date. Notwithstanding the foregoing, in the event Employee is terminated without Cause or the Employee terminates Employee’s employment for Good Reason Employee shall receive the Retention Shares.
Retention Shares. The Retention Shares will not be issued by the Purchaser until the end of the Retention Period when they shall be issued to the Vendors in their relevant proportions subject to the remaining terms of this Schedule 4.
Retention Shares. [X Shares] of the RSUs (“Retention Shares”) shall vest based on the following, so long as the Participant has not incurred a Termination (other than if the Participant Retires) prior to such vesting date: Vesting Date Percent of Retention Shares Only First anniversary of the Grant Date 25 % Second anniversary of the Grant Date 25 % Third anniversary of the Grant Date 25 % Fourth Anniversary of the Grant Date 25 %
Retention Shares. At the Closing, Acquirer will grant to the Key Employees restricted stock awards (“RSAs”) for an aggregate of 150,000 shares of Acquirer Common Stock pursuant to Acquirer’s 2004 Stock Incentive Plan and standard form of the Restricted Stock Award Agreement. The RSAs will vest as to 25% of the shares on the first anniversary of the Closing Date and the remaining shares will thereafter vest in equal annual installments.
