Common use of Stock Grant Clause in Contracts

Stock Grant. Under the prior agreements, and upon the consummation of the public offering of Employer's common stock ("IPO"), Employee has been granted that number of shares of all classes of stock of Employer equal to one percent (1.0%) of the number of shares of all classes of stock of Employer outstanding immediately upon consummation of the IPO. Such shares so granted fully and completely vested on the date of issuance.

Stock Grant. Under the prior agreementsPrior Agreement, and upon the consummation of the public offering of Employer's common stock ("IPOIP0"), Employee has been granted that number of shares of all classes of stock of the Employer equal to one percent (1.0%) of the number of shares of all classes of stock of the Employer outstanding immediately upon consummation of the IPO. Such shares so granted fully and completely vested on the date of issuance.

Stock Grant. Under the prior agreementsPrior Agreement, and upon the consummation of the public offering of Employer's common stock ("IPO"), Employee has been granted that number of shares of all classes of stock of the Employer equal to one percent (1.0%) of the number of shares of all classes of stock of the Employer outstanding immediately upon consummation of the IPO. Such shares so granted fully and completely vested on the date of issuance.