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|
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.