SAR Award Agreement. Each grant of a SAR under the Plan shall be evidenced by a SAR Award Agreement between the Participant and the Company. Such SAR shall be subject to all applicable terms of the Plan and may be subject to any other terms that are not inconsistent with the Plan. The provisions of the various SAR Award Agreements entered into under the Plan need not be identical.
Effective Upon Execution and Delivery. This Fourth Addendum shall not be binding upon either party unless and until it is signed by both parties and a fully executed copy thereof is delivered to each party.
Restricted Stock Grant Upon Execution. Upon the execution of this Agreement, the Director shall receive a one-time issuance of five million (5,000,000) restricted common shares of the Company’s common stock.
We offer a comprehensive benefits package which will be reviewed during your new hire orientation. This offer is contingent upon a successful background check and your execution of an Employee Confidentiality, Non-Competition, Non-Solicitation, Patents and Inventions Agreement.
This award of Restricted Stock is conditioned upon Grantee’s acceptance of the terms of this Agreement, as evidenced by Grantee’s execution of this Agreement or by Grantee’s electronic acceptance of this Agreement in a manner and during the time period allowed by the Company. If the terms of this Agreement are not timely accepted by execution or by such electronic means, the award of Restricted Stock may be cancelled by the Committee.
Voluntary Execution of Agreement. Executive understands and agrees that Executive executed this Agreement voluntarily, without any duress or undue influence on the part or behalf of the Company or any third party, with the full intent of releasing all of Executive’s claims against the Company and any of the other Releasees. Executive acknowledges that: # Executive has read this Agreement; # Executive has not relied upon any representations or statements made by the Company that are not specifically set forth in this Agreement; # Executive has been represented in the preparation, negotiation, and execution of this Agreement by legal counsel of Executive’s own choice or has elected not to retain legal counsel; # Executive understands the terms and consequences of this Agreement and of the releases it contains; and # Executive is fully aware of the legal and binding effect of this Agreement.
Execution of Agreement; Notes. On or prior to the Effective Date, # this Agreement shall have been executed and delivered as provided in Section 12.10 and # there shall have been delivered to Lender the Revolving Note, the Repurchase Term Loan Note, and the Delayed Draw-Down Term Loan Note executed by Borrower, in each case in the amount, maturity and as otherwise provided herein.
Execution of the Agreement. This Award is conditioned on the Grantee’s execution of this Agreement. By executing this Agreement, the Grantee agrees to the terms set forth in this Agreement (and the provisions of the Plan incorporated herein). If this Agreement is not executed by the Grantee and returned to the Company within seven (7) days of the Date of Grant, it may be canceled by the Committee resulting in the immediate forfeiture of all RSUs granted hereunder.
This Amendment Agreement No. 2 shall be read and take effect as one with the Principal Agreement.
This Amendment Agreement No. 2 shall be governed by, interpreted and construed in accordance with the laws of Singapore.
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