Common use of Award of Restricted Shares Clause in Contracts

Award of Restricted Shares. (a) The Trust hereby confirms the grant to the Key Employee as of the date set forth above (the “Grant Date”) of ___________________ (_________) Shares (the “Restricted Shares”), subject to the restrictions and other terms and conditions set forth herein and in the Plan; and (b) On or as soon as practicable after the Grant Date, the Trust shall cause the Restricted Shares to be issued in certificated form or by a book-entry designation for the account for the Key Employee. Such Restricted Shares shall be subject to such stop-transfer orders and other restrictions as the Board of Trustees or any committee thereof may deem advisable under the rules, regulations, and other requirements of the Securities and Exchange Commission and any stock exchange upon which the Shares are listed and any applicable federal or state securities law. If the Restricted Shares are issued in certificated form, the certificate(s) representing the Restricted Shares shall be held in custody by the Chief Financial Officer. Restricted Shares issued by a book-entry designation shall be held in a book-entry account designated by the Trust until the restrictions provided in this Agreement with respect thereto shall have been removed. At any time as may be requested by the Trust, if necessary to enforce the restrictions applicable to the Restricted Shares, the Key Employee shall deliver to the Trust one or more undated stock powers endorsed in blank relating to the Restricted Shares.

Award of Restricted Shares. (a) The Trust hereby confirms the grant to the Key Employee as of the date set forth above (the “Grant Date”) of ___________________ (_________( ) Shares (the “Restricted Shares”), subject to the restrictions and other terms and conditions set forth herein and in the Plan; and (b) On or as soon as practicable after the Grant Date, the Trust shall cause the Restricted Shares to be issued in certificated form or by a book-entry designation for the account for the Key Employee. Such Restricted Shares shall be subject to such stop-transfer orders and other restrictions as the Board of Trustees or any committee thereof may deem advisable under the rules, regulations, and other requirements of the Securities and Exchange Commission and any stock exchange upon which the Shares are listed and any applicable federal or state securities law. If the Restricted Shares are issued in certificated form, the certificate(s) representing the Restricted Shares shall be held in custody by the Chief Financial Officer. Restricted Shares issued by a book-entry designation shall be held in a book-entry account designated by the Trust until the restrictions provided in this Agreement with respect thereto shall have been removed. At any time as may be requested by the Trust, if necessary to enforce the restrictions applicable to the Restricted Shares, the Key Employee shall deliver to the Trust one or more undated stock powers endorsed in blank relating to the Restricted Shares.

Award of Restricted Shares. (a) The Trust hereby confirms the grant to the Key Employee Grantee as of the date set forth above (the “Grant Date”) of ___________________ (_________) Shares (the “Restricted Shares”), subject to the restrictions and other terms and conditions set forth herein and in the Plan; and (b) On or as soon as practicable after the Grant Date, the Trust shall cause the Restricted Shares to be issued in certificated form or by a book-entry designation for the account for the Key EmployeeGrantee. Such Restricted Shares shall be subject to such stop-transfer orders and other restrictions as the Board of Trustees or any committee thereof may deem advisable under the rules, regulations, and other requirements of the Securities and Exchange Commission and any stock exchange upon which the Shares are listed and any applicable federal or state securities law. If the Restricted Shares are issued in certificated form, the certificate(s) representing the Restricted Shares shall be held in custody by the Chief Financial Officer. Restricted Shares issued by a book-entry designation shall be held in a book-entry account designated by the Trust until the restrictions provided in this Agreement with respect thereto shall have been removed. At any time as may be requested by the Trust, if necessary to enforce the restrictions applicable to the Restricted Shares, the Key Employee Grantee shall deliver to the Trust one or more undated stock powers endorsed in blank relating to the Restricted Shares.

Award of Restricted Shares. (a) 1.1. The Trust hereby confirms the grant grants to the Key Employee Employee, effective as of the date set forth above January 1, 1998 (the “Grant "Award Date”) "), if the Key Employee is an employee of ___________________ (_________) Shares (the “Trust as of such date, the Restricted Shares”), subject to the restrictions and other terms and conditions set forth herein and in the Amended Plan; and. (b) 1.2. On or as soon as practicable after the Grant Award Date, the Trust shall cause one or more stock certificates representing the Restricted Shares to be issued in certificated form registered 1.3. The certificate or by a book-entry designation for the account for the Key Employee. Such Restricted Shares shall be subject to such stop-transfer orders and other restrictions as the Board of Trustees or any committee thereof may deem advisable under the rules, regulations, and other requirements of the Securities and Exchange Commission and any stock exchange upon which the Shares are listed and any applicable federal or state securities law. If the Restricted Shares are issued in certificated form, the certificate(s) certificates representing the Restricted Shares shall be held in custody by the Chief Financial Officer. Restricted Shares issued by a book-entry designation shall be held in a book-entry account designated by Officer of the Trust until the restrictions provided Restriction Period (as hereinafter defined in this Agreement Paragraph 3) with respect thereto shall have been removedlapsed. At any time as may be requested by Simultaneously with the Trust, if necessary to enforce the restrictions applicable to the Restricted Sharesexecution and delivery of this Agreement, the Key Employee shall deliver to the Trust one or more undated stock powers endorsed in blank relating to the Restricted Shares. The Trust shall deliver or cause to be delivered to the Key Employee or, in the case of the Key Employee's death, to the Key Employee's Beneficiary, one or more stock certificates for the appropriate number of Shares, free of all such restrictions, as to which the restrictions herein shall have expired. Upon forfeiture, in accordance with Paragraph 3, of all or any portion of the Restricted Shares, the certificate or certificates representing the forfeited Restricted Shares shall be canceled.

Award of Restricted Shares. (a) The In consideration of the Grantee’s covenants set forth in Section 5, the Trust hereby confirms the grant to the Key Employee Grantee, as of the date set forth above October 12, 2010 (the “Grant Date”) ), of ___________________ Sixty Thousand Nine Hundred Thirty-One (_________60,931) Shares (the “Restricted Shares”) (having a Fair Market Value equal to approximately $5,000,000 on the Grant Date), subject to the restrictions and other terms and conditions set forth herein and in the Plan; and. (b) On or as soon as practicable after the Grant Date, the Trust shall cause the Restricted Shares to be issued in certificated form or by a book-entry designation for the account for the Key Employeeof Grantee . Such Restricted Shares shall be subject to such stop-transfer orders and other restrictions as the Board of Trustees or any committee thereof may deem advisable under the rules, regulations, and other requirements of the Securities and Exchange Commission and Commission, any stock exchange upon which the Shares are listed and any applicable federal or state securities law. If the Restricted restricted Shares are issued in certificated form, the certificate(s) certificate or certificates representing the Restricted Shares shall be held in custody by the Chief Financial OfficerOfficer of the Trust until the Restricted Period (as hereinafter defined in Section 3) with respect thereto shall have lapsed. Restricted Shares issued by a book-entry designation shall be held in a book-entry account designated by the Trust until the restrictions provided in this Agreement with respect thereto shall have been removed. At any time as may be requested by the Trust, if necessary to enforce the restrictions applicable to the Restricted Shares, the Key Employee Grantee shall deliver to the Trust one or more undated stock powers endorsed in blank relating to the Restricted Shares.