Common use of Base Grants Clause in Contracts

Base Grants. The Company agrees to grant to the Executive as of April 15th, 2016 70,270 qualified options for the Company’s stock. The options shall be issued under the Company’s 2012 Stock Plan or a subsequent Company stock plan and will vest 1/3 upon grant, 1/3 on December 1, 2016 and the remaining 1/3 on November 30th, 2017. A grant agreement memorializing these terms shall be executed by the parties on or as soon as practicable after the grant date.

Appears in 1 contract

Sources: Employment Agreement (Cryo Cell International Inc)

Base Grants. The Company agrees to grant to the Executive as of April 15th18, 2016 70,270 40,000 qualified options for the Company’s stock. The options shall be issued under the Company’s 2012 Stock Plan or a subsequent Company stock plan and will vest 1/3 upon grant, 1/3 on December 1, 2016 and the remaining 1/3 on November 30th, 2017. A grant agreement memorializing these terms shall be executed by the parties on or as soon as practicable after the grant date.

Appears in 1 contract

Sources: Employment Agreement (Cryo Cell International Inc)

Base Grants. The Company agrees to grant to the Executive as of April 15th15, 2016 70,270 59,459 qualified options for the Company’s stock. The options shall be issued under the Company’s 2012 Stock Plan or a subsequent Company stock plan and will vest 1/3 upon grant, 1/3 on December 1, 2016 and the remaining 1/3 on November 30th, 2017. A grant agreement memorializing these terms shall be executed by the parties on or as soon as practicable after the grant date.

Appears in 1 contract

Sources: Employment Agreement (Cryo Cell International Inc)