Examples of Restricted Stock Grant in a sentence
Executive shall be responsible for any and all tax consequences in connection with the Restricted Stock Grant and/or the sale of the underlying shares of Common Stock once vested, and the Company shall be entitled to withhold taxes according to the requirements under applicable laws, rules, and regulations.
The Company hereby grants to the individual named in the Notice of Restricted Stock Grant (the “Notice of Grant”) attached as Part I of this Award Agreement (the “Participant”) under the Plan an Award of Shares of Restricted Stock, subject to all of the terms and conditions in this Award Agreement and the Plan, which is incorporated herein by reference.
All of the Restricted Stock shall vest on the six (6) month anniversary of the Effective Date, subject to you being a director, employee or consultant or advisor to the Company on such vesting date, and subject to the terms and conditions of the Restricted Stock Grant Agreement entered into by and between the Company and you on October 21, 2024, a copy of which is attached as Exhibit A to this Offer Letter.