Retention Stock. (1) On July 8, 1999 the Board of Directors approved a stock grant of 10,000 options that completely vest one year from the grant date (July 8, 1999), if the Executive is actively employed on July 31, 2000. You will continue to be eligible for additional stock grants at the end of the fiscal year when we review all the executives.
Retention Stock. Following the closing, EPIC will issue 3,313,760 shares of its common stock pursuant to its Stock Bonus Plan. The shares will be registered by means of a registration statement on Form S-8. The PEARL employees who will received these shares, the number of shares to be received by each PEARL employee, and the time at which such shares will be issued will be determined from time to time by Xxxxxxxxxx, or his designee. All PEARL employees receiving such retention stock shall fully vest in such stock no later than three (3) years after the Closing Date. The terms of this Section 8.8 shall survive the closing of the transaction contemplated by this Agreement.
Retention Stock. (a) Subject to the provisions of this Clause 2.7, the Buyer as escrow agent shall hold and retain 50% of Consideration Shares (rounded upwards to the nearest whole number of Consideration Shares) ("Held Back Shares"), with executed stock transfer forms to hold and dispose of the Held Back Shares in escrow for Buyer and the Shareholders until the Held Back Shares are released pursuant to the terms of this Clause 2.
Retention Stock. Attached hereto as Schedule 2.4 is a schedule of the dollar amount of Xxxxxx common stock to be issued to the Retention Stock Recipients at Closing (the “Retention Stock”), the number of shares to be determined by dividing the dollar amount for each recipient by the Average Stock Price, and rounding up to the nearest whole share, and the aggregate dollar amount for all Retention Stock Recipients not to exceed One Million Fifty Thousand Dollars ($1,050,000.00). Xxxxxx shall bear $550,000 of the dollar amount of common stock issued to the Retention Stock Recipients. Except for the Retention Stock issued to Xxxxxx XxXxxxx and Xxxxxxx Xxxxxxxx, the Retention Stock issued to the Retention Stock Recipients shall be issued pursuant to Xxxxxx’x 2021 Omnibus Equity Incentive Plan, and each Retention Stock Recipient shall be required to execute Xxxxxx’x Restricted Stock Award Agreement in the form attached hereto as Exhibit E. The allocation of Retention Stock shall be made as directed by the Shareholder Representative on or prior to the Closing Date.
Retention Stock. Regardless of whether or not Shipper makes Actual Shipments on the Diluent Pipeline, Shipper shall provide its share of Retention Stock as required by the Rules Tariff. If Xxxxxxx fails to comply with its obligations under this Section 3.04, in addition to Xxxxxxx’s other rights and remedies in connection with such failure, Carrier shall be entitled to supply such Retention Stock and Shipper shall reimburse Carrier for the cost thereof on demand.
Retention Stock. Shipper shall provide its share of Retention Stock as required by the Rules Tariff regardless of whether or not it makes Actual Shipments on Spearhead Pipeline.
