Sign-On Incentive Compensation. Notwithstanding the provisions of Section 3.2 and Section 3.3 above, the Employee shall receive as bonus consideration for the remainder of 2020, an amount equal to $7,855 per month and shall receive a sign-on equity grant of 200,000 shares of Ring restricted stock awarded on the Employee’s first day of employment (“Award Date”), and the restricted stock shall have a three (3) year vesting period, such vesting period to begin on the Award Date and shall be subject to the terms and conditions of the award agreements pursuant to which they are granted.
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Samples: Employment Agreement (Ring Energy, Inc.), Employment Agreement (Ring Energy, Inc.), Employment Agreement (Ring Energy, Inc.)
Sign-On Incentive Compensation. Notwithstanding the provisions of Section 3.2 and Section 3.3 above, the Employee shall receive as bonus consideration for the remainder of 2020, an amount equal to $7,855 6,771 per month and shall receive a sign-on equity grant of 200,000 150,000 shares of Ring restricted stock awarded on the Employee’s first day of employment (“Award Date”), and the restricted stock shall have a three (3) year vesting period, such vesting period to begin on the Award Date and shall be subject to the terms and conditions of the award agreements pursuant to which they are granted.
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