Common use of Initial Restricted Stock Grant Clause in Contracts

Initial Restricted Stock Grant. As of the Effective Date, Employee shall receive a restricted stock grant of 40,000 shares of the Company’s common stock (the “Restricted Stock Award”) in accordance with the terms and conditions of a restricted stock award agreement in the form attached hereto as Exhibit A to be entered into between the Company and Employee dated the Effective Date (the “Restricted Stock Agreement”). The restricted stock included in the Restricted Stock Award shall vest in four equal annual installments on October 1st of each year from 2015 through 2018, subject to accelerated vesting under certain circumstances as specified in the Restricted Stock Agreement.

Initial Restricted Stock Grant. As of the Effective Date, Employee shall receive a restricted stock grant of 40,000 10,000 shares of the Company’s common stock (the “Restricted Stock Award”) in accordance with the terms and conditions of a restricted stock award agreement in the form attached hereto as Exhibit A to be entered into that certain Restricted Stock Agreement between the Company and Employee dated the Effective Date (the “Restricted Stock Agreement”). The restricted stock included in the Restricted Stock Award shall vest in four equal annual installments its entirety on October 1st the second anniversary of each year from 2015 through 2018the Effective Date, subject to accelerated vesting under certain circumstances as specified herein and in the Restricted Stock Agreement.

Initial Restricted Stock Grant. As of the Effective Date, Employee shall receive a restricted stock grant of 40,000 shares of the Company’s common stock (the “Restricted Stock Award”) in accordance with the terms and conditions of a restricted stock award agreement in the form attached hereto as Exhibit A to be entered into between the Company and Employee dated the Effective Date (the “Restricted Stock Agreement”). The restricted stock included in the Restricted Stock Award shall vest in four equal annual installments on October January 1st of each year from 2015 2014 through 20182017, subject to accelerated vesting under certain circumstances as specified in the Restricted Stock Agreement.