Common use of Initial Restricted Stock Award Clause in Contracts

Initial Restricted Stock Award. The Company shall make an initial signing award to the Executive as of the Effective Date of 50,000 restricted shares of the Company's common stock under and subject to the terms and conditions of the Stock Compensation Plan (the "Stock Plan"), a copy of which is attached hereto as Exhibit A. The Executive shall vest in 50% of such shares on the 90th day following the Effective Date and 50% on the six month anniversary of the Effective Date. The foregoing award of restricted stock shall be evidenced by a restricted stock award agreement, which is attached hereto as Exhibit B and made a part of this Agreement.

Initial Restricted Stock Award. The Company shall make an initial signing award to the Executive as of the Effective Date of 50,000 100,000 restricted shares of the Company's common stock under and subject to the terms and conditions of the Stock Compensation Plan (the "Stock Plan"), a copy of which is attached hereto as Exhibit A. The Executive shall vest in 50% of such shares on the 90th day following the Effective Date and 50% on the six month anniversary of the Effective Date. The foregoing award of restricted stock shall be evidenced by a restricted stock award agreement, which is attached hereto as Exhibit B and made a part of this Agreement.