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Re: bassilious post# 665

Thursday, 05/24/2012 3:13:27 PM

Thursday, May 24, 2012 3:13:27 PM

Post# of 1246
I'll have to read more to understand the rules on restricted stock. They use the word vested so you may be right. But it reads that the company shall grant him restricted stock units with respect to 625,000 shares of common stock. Maybe those common shares were eligible to be sold on vesting?


(a) Within one hundred and twenty (120) days following the Commencement Date, the Company shall grant to Executive Restricted Stock Units with respect to Six Hundred Twenty Five Thousand (625,000) shares of Common Stock (the " Restricted Stock Units" ), pursuant to the terms of a Restricted Stock Unit Agreement in the form attached as Exhibit Bnone hereto (the " Restricted Stock Unit Agreement" ) and the Company' s 2009 Stock Incentive Plan, as amended (the " 2009 Stock Incentive Plan" ). Executive shall execute and deliver to the Company the Restricted Stock Unit Agreement as a condition to the Company' s obligation to issue the Restricted Stock Units. The Restricted Stock Units shall be subject to forfeiture under the terms of the Restricted Stock Unit Agreement. The Restricted Stock Units shall be subject to vesting as provided in the Restricted Stock Agreement, in accordance with and subject to the following vesting schedule:

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