UNS 0.00% 0.5¢ unilife corporation

ramin's restricted stock, page-10

  1. 258 Posts.
    heres the text. with time based restrictions gone... it can mean only one thing. he must be ready to meet the performance restrictions. go ramin! bring forth the deal and put us all out of our misery =)

    "Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

    On May 8, 2013, the Compensation Committee (the “Committee”) of the Board of Directors of Unilife Corporation (“Unilife”) waived the time-based vesting conditions applicable to 1,250,000 restricted shares of Unilife common stock granted on June 14, 2012 to Ramin Mojdeh, Ph.D., Chief Operating Officer and Executive Vice President of Unilife, subject to 100% satisfaction of the performance milestones applicable to those shares.

    On May 14, 2013, Unilife and Dr. Mojdeh entered into a letter agreement memorializing the Committee’s action and providing that Dr. Mojdeh may not transfer (other than to family members under limited circumstances) any such restricted shares before the earlier of (i) the originally scheduled time-vesting date, or (ii) the occurrence of any event that would have resulted in accelerated vesting under the applicable award agreement. "

 
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