 On what date will the board of directors authorize an initial award of restricted stock units?
To facilitate your decision and provide you with immediate shareholder alignment, the board of directors will, on the first date on which you become employed by the Company, authorize an initial award of restricted stock units equivalent to 6,000 shares subject to three year cliff vesting. There is a “Change of Control” provision in this plan. Assuming a market value of $15.00 per share, this award represents compensation, equivalent to $90,000. The signing bonus is non-recurring.
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