Common use of Expiration and Termination of Restrictions Clause in Contracts

Expiration and Termination of Restrictions. The restrictions imposed under Paragraph 3 hereof will expire, and the Restricted Shares will become unrestricted Shares, on the earliest to occur of the following: a. the first anniversary of the Grant Date, provided that you have not experienced a Termination of Service before such date, or b. in the event of your Termination of Service due to death or Disability, as of the date of your Termination of Service, or c. in the event of your Termination of Service due to resignation or retirement, as of the first anniversary of the Grant Date; provided, however, in the event such voluntary Termination of Service occurs before the first anniversary of the Grant Date, a prorated number of Restricted Shares (based on the proration of the one-year period between the Grant Date and the first anniversary of the Grant Date that you served as a director, rounded down to the nearest whole Share) will be converted to Shares as of the first anniversary of the Grant Date, and you will forfeit the remaining Restricted Shares; or d. in the event of a Change in Control and this Award Agreement is not assumed, converted or replaced in connection with the transaction that constitutes the Change in Control, as of the date of such Change in Control; or e. in the event of your Termination of Service following a Change in Control that occurs after the Grant Date but before the first anniversary of the Grant Date, by the Company other than for Cause, as of the first anniversary of the Grant Date. Upon the expiration or termination of an applicable restriction set forth in this Paragraph 4, unrestricted Shares will be delivered to you as soon thereafter as practicable.

Expiration and Termination of Restrictions. The restrictions imposed under Paragraph 3 2 hereof will expire, and the Restricted Shares will become unrestricted Shares, on the earliest to occur of the following: a. (a) the first anniversary of the Grant Date, provided that you have not experienced a Termination of Service before such date, or b. (b) in the event of your Termination of Service due to death or Disability, as of the date of your Termination of Service, or c. (c) in the event of your Termination of Service due to resignation or retirement, as of the first anniversary of the Grant Date; provided, however, in the event such voluntary Termination of Service occurs before the first anniversary of the Grant Date, a prorated number of Restricted Shares (based on the proration of the one-year period between the Grant Date and the first anniversary of the Grant Date that you served as a director, rounded down to the nearest whole Share) will be converted to Shares as of the first anniversary of the Grant Date, and you will forfeit the remaining Restricted Shares; or d. (d) in the event of a Change in Control and this Award Agreement is not assumed, converted or replaced in connection with the transaction that constitutes the Change in Control, as of the date of such Change in Control; or e. (e) in the event of your Termination of Service following a Change in Control that occurs after the Grant Date but before the first anniversary of the Grant Date, by the Company other than for Cause, as of the first anniversary of the Grant Date. Upon the expiration or termination of an applicable restriction set forth in this Paragraph 43, unrestricted Shares will be delivered to you as soon thereafter as practicable.