Common use of Grant and Acceptance of Award Clause in Contracts

Grant and Acceptance of Award. Effective as of the Grant Date, the Company hereby grants to the Participant a Performance Unit Award (the “Performance Unit Award”), subject to the terms and conditions set forth in this Agreement, the Program and the Plan, with respect to [TARGET AMOUNT] (the “Target Amount”) shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”). The grant of this Performance Unit Award shall not confer any right to the Participant (or any other participant) to be granted any Performance Unit Awards in the future under the Program.

Grant and Acceptance of Award. Effective as of the Grant Date, the Company hereby grants to the Participant a Performance Unit Share Award (the “Performance Unit Share Award”), subject to the terms and conditions set forth in this Agreement, the Program Agreement and the PlanProgram, with respect to [TARGET AMOUNT] 250,000 (the “Target Amount”) shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”). The grant of this Performance Unit Share Award shall not confer any right to the Participant (or any other participant) to be granted any Performance Unit Share Awards in the future under the Program.