Common use of Basic Restricted Stock Grant Clause in Contracts

Basic Restricted Stock Grant. On the fourth trading day following the Registration Date, the Company shall grant Executive an award of that number of whole restricted shares of Common Stock (the “Basic Restricted Shares”) as is equal to (or most closely approximates) 0.30% of the Outstanding Common Stock on the date of grant. The Basic Restricted Shares shall vest and become freely transferable in the proportions, and based upon achievement of the total shareholder return objectives, determined pursuant to Schedule A hereto, so long as Executive is continuously employed by the Company through the applicable vesting date. Any Basic Restricted Shares that have not become vested and freely transferable on or before the fifth anniversary of the grant date shall be forfeited. For purposes of this Agreement, “Outstanding Common Stock” shall mean the sum of (x) the number of shares Common Stock that are issued and outstanding on the Registration Date and (y) the number of shares of Common Stock issuable pursuant to any stock options granted by Dxxx prior to the Registration Date in respect of its common stock and converted into the right to purchase Common Stock in connection with or in contemplation of the Spin-Off.

Basic Restricted Stock Grant. On the fourth trading day following the Registration Date, the Company shall grant Executive an award of that number of whole restricted shares of Common Stock (the “Basic Restricted Shares”"BASIC RESTRICTED SHARES") as is equal to (or most closely approximates) 0.30% of the Outstanding Common Stock on the date of grant. The Basic Restricted Shares shall vest and become freely transferable in the proportions, and based upon achievement of the total shareholder return objectives, determined pursuant to Schedule A hereto, so long as Executive is continuously employed by the Company through the applicable vesting date. Any Basic Restricted Shares that have not become vested and freely transferable on or before the fifth anniversary of the grant date shall be forfeited. For purposes of this Agreement, “Outstanding Common Stock” "OUTSTANDING COMMON STOCK" shall mean the sum of (x) the number of shares Common Stock that are issued and outstanding on the Registration Date and (y) the number of shares of Common Stock issuable pursuant to any stock options granted by Dxxx Xxxx prior to the Registration Date in respect of its common stock and converted into the right to purchase Common Stock in connection with or in contemplation of the Spin-Off.

Basic Restricted Stock Grant. On the fourth trading day following the Registration Date, the Company shall grant Executive an award of that number of whole restricted shares of Common Stock (the “Basic Restricted Shares”) as is equal to (or most closely approximates) 0.300.44% of the Outstanding Common Stock on the date of grant. The Basic Restricted Shares shall vest and become freely transferable in the proportions, and based upon achievement of the total shareholder return objectives, determined pursuant to Schedule A hereto, so long as Executive is continuously employed by the Company through the applicable vesting date. Any Basic Restricted Shares that have not become vested and freely transferable on or before the fifth anniversary of the grant date shall be forfeited. For purposes of this Agreement, “Outstanding Common Stock” shall mean the sum of (x) the number of shares Common Stock that are issued and outstanding on the Registration Date and (y) the number of shares of Common Stock issuable pursuant to any stock options granted by Dxxx prior to the Registration Date in respect of its common stock and converted into the right to purchase Common Stock in connection with or in contemplation of the Spin-Off.

Basic Restricted Stock Grant. On the fourth trading day following the Registration Date, the Company shall grant Executive an award of that number of whole restricted shares of Common Stock (the “Basic Restricted Shares”) as is equal to (or most closely approximates) 0.300.66% of the Outstanding Common Stock on the date of grant. The Basic Restricted Shares shall vest and become freely transferable in the proportions, and based upon achievement of the total shareholder return objectives, determined pursuant to Schedule A hereto, so long as Executive is continuously employed by the Company through the applicable vesting date. Any Basic Restricted Shares that have not become vested and freely transferable on or before the fifth anniversary of the grant date shall be forfeited. For purposes of this Agreement, “Outstanding Common Stock” shall mean the sum of (x) the number of shares Common Stock that are issued and outstanding on the Registration Date and (y) the number of shares of Common Stock issuable pursuant to any stock options granted by Dxxx prior to the Registration Date in respect of its common stock and converted into the right to purchase Common Stock in connection with or in contemplation of the Spin-Off.

Basic Restricted Stock Grant. On the fourth trading day following the Registration Date, the Company shall grant Executive an award of that number of whole restricted shares of Common Stock (the “Basic Restricted Shares”"BASIC RESTRICTED SHARES") as is equal to (or most closely approximates) 0.300.66% of the Outstanding Common Stock on the date of grant. The Basic Restricted Shares shall vest and become freely transferable in the proportions, and based upon achievement of the total shareholder return objectives, determined pursuant to Schedule A hereto, so long as Executive is continuously employed by the Company through the applicable vesting date. Any Basic Restricted Shares that have not become vested and freely transferable on or before the fifth anniversary of the grant date shall be forfeited. For purposes of this Agreement, “Outstanding Common Stock” "OUTSTANDING COMMON STOCK" shall mean the sum of (x) the number of shares Common Stock that are issued and outstanding on the Registration Date and (y) the number of shares of Common Stock issuable pursuant to any stock options granted by Dxxx Xxxx prior to the Registration Date in respect of its common stock and converted into the right to purchase Common Stock in connection with or in contemplation of the Spin-Off.

Basic Restricted Stock Grant. On the fourth trading day following the Registration Date, the Company shall grant Executive an award of that number of whole restricted shares of Common Stock (the “Basic Restricted Shares”"BASIC RESTRICTED SHARES") as is equal to (or most closely approximates) 0.300.44% of the Outstanding Common Stock on the date of grant. The Basic Restricted Shares shall vest and become freely transferable in the proportions, and based upon achievement of the total shareholder return objectives, determined pursuant to Schedule A hereto, so long as Executive is continuously employed by the Company through the applicable vesting date. Any Basic Restricted Shares that have not become vested and freely transferable on or before the fifth anniversary of the grant date shall be forfeited. For purposes of this Agreement, “Outstanding Common Stock” "OUTSTANDING COMMON STOCK" shall mean the sum of (x) the number of shares Common Stock that are issued and outstanding on the Registration Date and (y) the number of shares of Common Stock issuable pursuant to any stock options granted by Dxxx Xxxx prior to the Registration Date in respect of its common stock and converted into the right to purchase Common Stock in connection with or in contemplation of the Spin-Off.