Stock Awards Disclosure

Eligibility – All agents and brokers in good standing with the Company are eligible to participate in the Program.

AGENT COUNT NUMBER OF SHARES for first transaction of the year where the 420 University fee is paid. NUMBER OF SHARES to any agent or broker who caps NUMBER OF SHARES for each agent who an eXp agent attracts directly into the Company upon the closing of that new agent’s first transaction where University fee is paid
750 – 1,000 100 1,000 1,000
1,000 – 1,500 100 750 750
1,500 – 2,000 100 500 500
2,000 – 3,000 100 375 375
3,000 – 4,000 75 250 250
4,000 – 6,000 75 175 175
6,000 – 8,000 50 125 125
8,000 – 12,000 50 100 100
12,000 – 16,000 35 75 75
16,001 + 25 50 50

 

Vesting Requirements for First Transaction award – Agent must remain with the Company in good standing for a period of 3 years from date of Company Board resolution acknowledging the achievement and eligibility.

Vesting Requirements for Capping award – Capping agent must remain with the Company in good standing for a period of 3 years from date of Company Board resolution acknowledging the achievement and eligibility.

Vesting requirement for Sponsor award – the sponsoring agent and the agent who joins and ultimately closed their first transaction must both remain in good standing with the Company for a period of 3 years from the date of the Company Board resolution acknowledging the achievement and eligibility

Modification or Termination – the Program is subject to modification or termination at the discretion of the Company’s Board of Directors.