Document ID: 10204

Text:
25,000 shares with cliff vesting at five years of 100% of shares. Employee need not remain the President and CEO to continue to vest in the stock grants. Should employee die before he reaches age 65, all shares shall immediately vest and shall be transferred to his estate. Notwithstanding the foregoing, the parties agree that the Company will convey the shares to minimize tax consequences to the entire shareholder groups of the Company.

Named Entities:
0
2
Shares
11
12
Percentage
21
21
Role
23
23
Role

Tokenized Text:
25
,
000
shares
with
cliff
vesting
at
five
years
of
100
%
of
shares
.
Employee
need
not
remain
the
President
and
CEO
to
continue
to
vest
in
the
stock
grants
.
Should
employee
die
before
he
reaches
age
65
,
all
shares
shall
immediately
vest
and
shall
be
transferred
to
his
estate
.
Notwithstanding
the
foregoing
,
the
parties
agree
that
the
Company
will
convey
the
shares
to
minimize
tax
consequences
to
the
entire
shareholder
groups
of
the
Company
.