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Posted On: 09/10/2017 2:34:55 PM
Post# of 72443
Not the second year. The first batch of 1,066,667 shares was part of the hiring agreement (2016 Omnibus Incentive Plan). The second batch was given as an annual equity award based on the incentive plan.
2.6 Annual Equity Award. With respect to each fiscal year of the Company ending during the term of Executive's employment and commencing with the fiscal year ending June 30, 2017, Executive shall be eligible to receive annual equity awards under the Company's 2016 Omnibus Incentive Plan or any successor plan, with a target award of options to purchase 150,000 shares of the Company's common stock with an exercise price equal to the last closing price of the Company's common stock prior to the date of grant, which options shall vest ratably each month over the 24 months following the date of grant.
https://www.sec.gov/Archives/edgar/data/13552..._ex101.htm
2.6 Annual Equity Award. With respect to each fiscal year of the Company ending during the term of Executive's employment and commencing with the fiscal year ending June 30, 2017, Executive shall be eligible to receive annual equity awards under the Company's 2016 Omnibus Incentive Plan or any successor plan, with a target award of options to purchase 150,000 shares of the Company's common stock with an exercise price equal to the last closing price of the Company's common stock prior to the date of grant, which options shall vest ratably each month over the 24 months following the date of grant.
https://www.sec.gov/Archives/edgar/data/13552..._ex101.htm
Quote:
Could it be that this is the compensation for their 2nd year of employment?
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