Saturday, April 30, 2016 11:51:59 AM
"One half of the RSUs will vest if the Company receives marketing approval of Vitaros ® in the United States by the Food and Drug Administration (the “FDA”) on or before December 31, 2018 and the remaining half will vest on January 1, 2018. The RSUs are subject to the employee’s continued employment with the Company through the applicable date and subject to accelerated vesting upon a change in control of the Company. The RSUs granted to the Company’s officers named above are also subject to accelerated vesting pursuant to the terms of their existing employment agreements."
Does it not appear that the dates are wrong or at minimum the statement is awkward?
Either the statement is right and on Jan 1 2018 everyone vests no matter what. And the remainder vests on dec 31 2018 if Vitaros approved OR
one of dates is wrong.
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