Amendment to Restricted Stock Award Contract between HCI Group, Inc. and George Apostolou
HCI Group, Inc. and George Apostolou have agreed to amend their Restricted Stock Award Contract dated May 16, 2013. The amendment cancels the portion of the award relating to 6,000 shares that would have vested if the company's stock price reached or exceeded $50 per share for 20 consecutive trading days. This cancellation is effective as of March 2, 2016. The agreement is signed by George Apostolou and HCI Group, Inc.'s CEO, Paresh Patel.
Exhibit 10.92
AMENDMENT TO RESTRICTED STOCK AWARD CONTRACT
The Restricted Stock Award Contract between HCI Group, Inc. (formerly Homeowners Choice, Inc.) and George Apostolou having a grant date of May 16, 2013 and by which 24,000 shares of HCI Group, Inc. restricted stock were awarded to Mr. Apostolou is hereby amended so that the portion of the award relating to 6,000 shares that would vest one year after the Fair Market Value equals or exceeds $50 per share for 20 consecutive trading days is cancelled effective March 2, 2016.
Agreed to this 2nd day of March 2016.
|
George Apostolou | ||
| HCI Group, Inc. | ||
| By: |
| |
| Paresh Patel, Chief Executive Officer | ||
