December 17, 2001 Mr. Terry Washburn 1701 W. Northwest Highway Grapevine, TX 76051 Dear Mr. Washburn: Per our discussions, the following sets forth our agreements, which supplement our letter agreement dated November 15, 2001. Until Dec 17, 2003, you...Premier Concepts Inc /Co/ • April 26th, 2002 • Retail-jewelry stores
In consideration of the foregoing, Premier Concepts agrees to grant and issue to you a restricted stock award consisting of an aggregate of 400,000 shares of common stock. The shares will be issued to you immediately, however should you be terminated for cause the shares will be subject to pro-rata forfeiture on a proportional basis over the 24 month period beginning December 17, 2001 or in the event you voluntarily terminate your employment with the Company before Dec 17, 2003.without cause. Further, the shares will be immediately released from any risk of forfeiture in the event the Company terminates your employment without cause prior to the expiration of the 24 month period.
