Size of Grant. Effective immediately after the Closing, the Company will grant to you a number of restricted shares of Common Stock representing 0.75% of the total Fair Market Value of the Common Stock then outstanding. Notwithstanding the foregoing, if, immediately after the Closing, the Company has issued and outstanding equity securities other than Common Stock, the Company will grant to you a number of restricted shares of Common Stock representing 0.75% of the Fair Market Value of the Company’s equity securities outstanding immediately after the Closing.
Appears in 2 contracts
Sources: Employment Agreement (Safari Holding Corp), Employment Agreement (Safari Holding Corp)