UNS 0.00% 0.5¢ unilife corporation

ramin's restricted stock, page-3

  1. TDA
    11,411 Posts.
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    Oh I'll do it, checked again the other day, not the 18th though, the 15th:)



    PERFORMANCE MILESTONES


    Percentage of Award Shares
    Eligible to Vest
    The signing of a development agreement with a pharmaceutical company for the development or customization of a Unilife product with scheduled payments of up to $5,000,000

    10% per agreement
    The signing of a development agreement with a pharmaceutical company for the development or customization of a Unilife product with scheduled payments in excess of $5,000,000

    20% per agreement
    The signing of a commercial supply agreement for a Unilife product with sales of under $10,000,000

    20% per agreement
    The signing of a commercial supply agreement for a Unilife product with sales of $10,000,000 or greater but less than $50,000,000

    30% per agreement
    The signing of a commercial supply agreement for a Unilife product with sales of $50,000,000 or greater but less than $100,000,000

    50% per agreement
    The signing of a commercial supply agreement for a Unilife product with sales of $100,000,000 or greater

    100% per agreement
    Market capitalization of the Company over $1.5 billion (based on the closing price of the Company’s common stock on NASDAQ for any 20 of 30 consecutive Trading Days)

    100%
    Although Dr. Mojdeh is expected to meet several of the foregoing milestones that in total would exceed 100%, Dr. Mojdeh is capped at becoming vested in 100% or a total of 1,250,000 Award Shares. For the avoidance of doubt, if a single development agreement or commercial supply agreement would meet more than one of the foregoing milestones, Dr. Mojdeh will be eligible to vest in the highest level designated for the Performance Milestones met by such agreement but not the cumulative amount. For example, upon the signing of a development agreement with a pharmaceutical company for the development or customization of a Unilife product with scheduled payments in excess of $5,000,000, Dr. Mojdeh will be eligible to vest in 20% of the Award Shares, not 30% (i.e., not 10% for the first milestone and 20% for the second milestone).
 
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Currently unlisted public company.

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