Vesting and Issuance of Eligible Restricted Shares and Cash Distribution. After a particular Company Performance Goal has been met, the Restricted Shares associated with that particular Company Performance Goal shall be eligible for vesting (the “Eligible Restricted Shares”). The Eligible Restricted Shares shall vest on a monthly basis, based on the following formula: Monthly Vested Shares = Vesting Percentage x Prior Monthly Trade Value Fair Market Value of the Company’s Shares For the purposes of this Agreement,
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Samples: Restricted Stock Grant Agreement (Originoil Inc), Restricted Stock Grant Agreement (Originoil Inc)
Vesting and Issuance of Eligible Restricted Shares and Cash Distribution. After a particular Company Performance Goal has been met, the Restricted Shares associated with that particular Company Performance Goal shall be eligible for vesting (the “Eligible Restricted Shares”). The Eligible Restricted Shares shall vest on a monthly basis, based on the following formula: Monthly Vested Shares = Vesting Percentage x Prior Monthly Trade Value Monthly Vested Shares = Fair Market Value of the Company’s Shares For the purposes of this Agreement,
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Vesting and Issuance of Eligible Restricted Shares and Cash Distribution. After a particular Company Performance Goal has been met, the Restricted Shares associated with that particular Company Performance Goal shall be eligible for vesting (the “Eligible Restricted Shares”). The Eligible Restricted Shares shall vest on a monthly basis, based on the following formula: Monthly Vested Shares = Vesting Percentage x Prior Monthly Trade Value Monthly Vested Shares = --------------------------------------------------------------- Fair Market Value of the Company’s Shares For the purposes of this Agreement,
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