Conversion to Common Stock. Effective as of February 18, 2020, $40,000 of the Debt shall be converted into shares of Common Stock at a price per share of $.001 for an aggregate number of shares of 40,000,000. Upon execution of this Agreement, the Company shall instruct its transfer agent to issue a total of 40,000,000 shares of Common Stock to the Debt Holder, and the Debt Holder shall acknowledge the repayment of $40,000 owed to the Debt Holder.
Conversion to Common Stock. Each vested RSU shall convert into one (1) share of Common Stock on the applicable Vesting Date; provided, that, if the applicable Vesting Date occurs during a period in which Executive is (a) subject to a lock-up agreement restricting Executive’s ability to sell Common Stock in the open market, (b) restricted from selling Common Stock in the open market because a trading window is not available, in the opinion of Company, or (c) trading is otherwise not appropriate, in the reasonable and good faith opinion of Company, such conversion of vested RSUs into shares of Common Stock shall be delayed until the date immediately following the expiration of the lock-up agreement or the opening of a trading window or confirmation by Company that trading is appropriate, as the case may be.
Conversion to Common Stock. Unless the Stock Units are forfeited prior to the Vesting Date as provided in Section 1 above, the Stock Units will be converted to actual Shares of common stock on the applicable Vesting Date. Stock certificates evidencing the conversion of Stock Units into Shares of common stock will be registered on the books of the Company in Grantee’s name (or in street name to Grantee’s brokerage account) as of the Vesting Date and delivered to Grantee, in certificated or uncertificated form, as soon as practical thereafter.
Conversion to Common Stock. As of each Anniversary Date, one-third of the Units shall be converted to Common Stock and issued to you, unless the Units have been forfeited or previously converted prior to such Anniversary Date in accordance with the terms of this Agreement.
Conversion to Common Stock. The Series A Preferred Stock shall be convertible into Common Stock of the Company as follows:
Conversion to Common Stock. The Investor shall have the right, which the Investor may exercise at any time on or before June 14, 2009 (the "Maturity Date") to convert all or a portion of the Securities into shares of Company's Common Stock, upon Sixty (60) days prior notice to Company of (i) the Investor's intention to so convert, and (ii) the amount of the Securities to be converted. At all times up until the Maturity Date: (a) the conversion ratio shall be one share of the Securities for five shares of Common Stock of the Company; and (b) the Investor may, from time to time, elect to convert less than all of the Securities owned by it without impairment of its right to convert other portions of the balance thereof.
Conversion to Common Stock. Each RSU and Dividend Equivalent shall be converted into a single share of AEP Common Stock upon vesting or, if you satisfy the Retirement Eligibility Date conditions, your Retirement Payment Date. Shares of AEP Common Stock shall be delivered in accordance with the section of this Amendment entitled Delivery of
Conversion to Common Stock. As of the Conversion Date, the Units shall be converted to Common Stock, unless the Units have been forfeited or previously converted prior to that date in accordance with the terms of this Agreement or the Units are then subject to a Deferral Election or Re-Deferral Election. Notwithstanding anything in this Agreement to the contrary, upon your forfeiture for any reason of all rights to the Units granted hereunder, such Units shall, for all purposes of the Plan and this Agreement, be deemed terminated and without further force or effect as of the date of such forfeiture.
Conversion to Common Stock. The Holder shall have the right to convert the principal and accrued interest of this Note in whole and not in part into (i) shares of common stock of the Company at the rate of $0.15 per share as adjusted (the “Conversion Price”) at any time.
Conversion to Common Stock. The Preferred Stock shall be convertible into Common Stock of the corporation as follows:
