Common use of Grant of Deferred Stock Clause in Contracts

Grant of Deferred Stock. The Company hereby grants to you, effective on the Grant Date (shown above), the right to receive shares of Class B Common Stock of the Company (“Shares”) following your termination of employment as described in Section 6 below. Before the Shares are delivered to you, they are referred to in this Agreement as “Deferred Stock.” Until the Shares are delivered to you, you will have no rights as a stockholder of the Company with respect to the Deferred Stock.

Grant of Deferred Stock. The Company hereby grants to you, effective on the Grant Date (shown above), the right to receive shares of Class B [A] [B] Common Stock of the Company (“Shares”) following your termination of employment as described in Section 6 below. Before the Shares are delivered to you, they are referred to in this Agreement as “Deferred Stock.” Until the Shares are delivered to you, you will have no rights as a stockholder of the Company with respect to the Deferred Stock.