Common Contracts
2 similar Cancellation and Release Agreement contracts by Ikonics Corp
December 1, 2021 TO: Restricted Stock Unit Holder RE: Restricted Stock Unit Cancellation and Release AgreementCancellation and Release Agreement • December 3rd, 2021 • Ikonics Corp • Services-computer processing & data preparation • Minnesota
This is an agreement and release (this “Agreement”) that provides for cancellation of your outstanding restricted stock unit award(s) (“RSU Awards”), pursuant to which you could be issued shares of common stock of IKONICS Corporation (the “Company”), in exchange for cash payment equal to $33.82 for each share underlying the unvested portion of your RSU Awards, net of any applicable withholding taxes.
December 1, 2021 TO: Restricted Stock Unit Holder RE: Restricted Stock Unit Cancellation and Release AgreementCancellation and Release Agreement • December 3rd, 2021 • Ikonics Corp • Services-computer processing & data preparation • Minnesota
This is an agreement and release (this “Agreement”) that provides for cancellation of your outstanding restricted stock unit award(s) (“RSU Awards”), pursuant to which you could be issued shares of common stock of IKONICS Corporation (the “Company”), in exchange for cash payment equal to $33.82 for each share underlying the unvested portion of your RSU Awards, net of any applicable withholding taxes.
