I'll have to go back and re-read some old 8K's, bu
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Posted On: 03/04/2018 5:26:01 PM
I'll have to go back and re-read some old 8K's, but I thought each team member was given a fixed number of shares; not annually but a fixed number in total. If I recall previous posts correctly under Israeli law those shares are placed into an escrow style account for a set time period (I think it was 2 years) before the recipient is allowed to do sell any portion.
Of those set number of shares provided there is also the vesting schedule outlined by the company as to when the recipient has earned full ownership of the shares allocated to him / her. The Israeli law and vesting schedules are two separate items in terms of what impact each has on the shares.
To reply to your question, it is my belief that each OWC team member has a lot of incentive for the share price to increase.
Of those set number of shares provided there is also the vesting schedule outlined by the company as to when the recipient has earned full ownership of the shares allocated to him / her. The Israeli law and vesting schedules are two separate items in terms of what impact each has on the shares.
To reply to your question, it is my belief that each OWC team member has a lot of incentive for the share price to increase.
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