Common use of Stock/Stock Options Clause in Contracts

Stock/Stock Options. In addition to Executive's salary described in Paragraph 3, above, Executive shall receive a one‐time retention equity award of 1,000,000 shares of restricted stock units of common stock of the Company that vest immediately upon the signing and acceptance of this agreement ("Stock Grant"). In addition, Company hereby grants Executive an option to purchase shares of common stock of the Company. (SEE OPTION AGREEMENT ATTACHED)

Appears in 6 contracts

Samples: Employment Agreement (NAS Acquisition Inc), Employment Agreement (NAS Acquisition Inc), Employment Agreement (NAS Acquisition Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.