Common use of Release of Compensation Shares from Repurchase Option Clause in Contracts

Release of Compensation Shares from Repurchase Option. The Compensation Shares shall be released from the Repurchase Option as follows: (i) One Hundred and Twenty Five Thousand (165,000) of the Compensation Shares shall be released as of the Commencement Date; (ii) One Thirty Sixth (1/36) of the Compensation Shares shall be released pro-rata per month during the Twenty-Four (24) months of the Period of Employment.

Release of Compensation Shares from Repurchase Option. The Compensation Shares shall be released from the Repurchase Option as follows: (i) One Hundred and Twenty Five Thousand (165,000) of the Compensation Shares shall be released as of the Commencement Date; (ii) One Thirty Sixth (1/36) of the remaining Compensation Shares shall be released pro-rata per month during the Twenty-Four Thirty Six (2436) months of the Period of Employment.