Common use of Grant of the Restricted Shares Clause in Contracts

Grant of the Restricted Shares. Subject to the terms and conditions of the Plan and the additional terms and conditions set forth in this Agreement, the Company hereby grants to the Participant a Restricted Stock Award consisting of twenty thousand four hundred sixty five (20,465) Shares (representing 40% of $275,000 (the Participant's base salary) divided by $5.375, the share value as of the date of grant) (hereinafter called the "Restricted Shares"). The Restricted Shares shall vest and become nonforfeitable in accordance with Section 2 hereof.

Grant of the Restricted Shares. Subject The Company hereby grants to the Participant a Restricted Share Award consisting of 60,000 shares of the Restricted Shares (hereinafter called the “Restricted Shares”), on the terms and conditions of the Plan and additional the additional terms and conditions hereinafter set forth in this Agreement, the Company hereby grants to the Participant a Restricted Stock Award consisting of twenty thousand four hundred sixty five (20,465) Shares (representing 40% of $275,000 (the Participant's base salary) divided by $5.375, the share value as of the date of grant) (hereinafter called the "Restricted Shares")forth. The Restricted Shares shall vest and become nonforfeitable be vested in accordance with Section 2 hereofof this Agreement and become nonforfeitable. The Participant shall pay the par value of the Restricted Shares, which is $0.01 per share, no later than the sale of the Restricted Shares.

Grant of the Restricted Shares. Subject The Company hereby grants to the Participant a Restricted Share Award consisting of 2,000,000 shares of the Restricted Shares (hereinafter called the “Restricted Shares”), on the terms and conditions of the Plan and additional the additional terms and conditions hereinafter set forth in this Agreement, the Company hereby grants to the Participant a Restricted Stock Award consisting of twenty thousand four hundred sixty five (20,465) Shares (representing 40% of $275,000 (the Participant's base salary) divided by $5.375, the share value as of the date of grant) (hereinafter called the "Restricted Shares")forth. The Restricted Shares shall vest and become nonforfeitable be vested in accordance with Section 2 hereofof this Agreement and become nonforfeitable. The Participant shall pay the par value of the Restricted Shares, which is $0.01 per share, no later than the sale of the Restricted Shares.

Grant of the Restricted Shares. Subject The Company hereby grants to the Participant a Restricted Share Award consisting of 4,000,000 shares of the Restricted Shares (hereinafter called the “Restricted Shares”), on the terms and conditions of the Plan and additional the additional terms and conditions hereinafter set forth in this Agreement, the Company hereby grants to the Participant a Restricted Stock Award consisting of twenty thousand four hundred sixty five (20,465) Shares (representing 40% of $275,000 (the Participant's base salary) divided by $5.375, the share value as of the date of grant) (hereinafter called the "Restricted Shares")forth. The Restricted Shares shall vest and become nonforfeitable be vested in accordance with Section 2 hereofof this Agreement and become nonforfeitable. The Participant shall pay the par value of the Restricted Shares, which is $0.01 per share, no later than the sale of the Restricted Shares.