Equity Appreciation Shares

Equity Appreciation Shares. (i) if both of the Equity Appreciation Metrics are achieved by the Company, 26,840 Common Shares, (ii) if one of the Equity Appreciation Metrics is achieved by the Company, 16,780 Common Shares, and (iii) if none of the Equity Appreciation Metrics is achieved by the Company, no Common Shares; provided, however, that if the number of Equity Appreciation Shares shall be determined pursuant to clause (i) and the value, calculated as of the Valuation Date, of the Common Shares to be awarded shall... be greater than $1,880,000, then the number of such Common Shares shall be equal to $1,880,000 divided by the Share Price with fractional Common Shares rounded up to the nearest whole number of Common Shares; and provided further, that if the number of Equity Appreciation Shares shall be determined pursuant to clause (ii) and the value, calculated as of the Valuation Date, of the Common Shares to be awarded shall be greater than $1,175,000, then the number of such Common Shares shall be equal to $1,175,000 divided by the Share Price with fractional Common Shares rounded up to the nearest whole number of Common Shares View More