Amendment to Restricted Stock Award Contract between HCI Group, Inc. and Anthony Saravanos

Contract Categories: Business Finance › Modification Agreements
Summary

HCI Group, Inc. and Anthony Saravanos have agreed to amend their Restricted Stock Award Contract dated May 16, 2013. Under this amendment, the portion of the award relating to 6,000 shares—originally set to vest if the company's stock price reached or exceeded $50 per share for 20 consecutive trading days—has been cancelled as of March 2, 2016. All other terms of the original contract remain unchanged.

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EX-10.95 8 d113115dex1095.htm AMENDMENT TO RESTRICTED STOCK AWARD CONTRACT BETWEEN ANTHONY SARAVANOS AND HCI Amendment to Restricted Stock Award Contract between Anthony Saravanos and HCI

Exhibit 10.95

AMENDMENT TO RESTRICTED STOCK AWARD CONTRACT

The Restricted Stock Award Contract between HCI Group, Inc. (formerly Homeowners Choice, Inc.) and Anthony Saravanos having a grant date of May 16, 2013 and by which 24,000 shares of HCI Group, Inc. restricted stock were awarded to Mr. Saravanos 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.

 

 

 

Anthony Saravanos

HCI Group, Inc.
By:  

 

  Paresh Patel, Chief Executive Officer