Common use of Lapse of Restrictions; Restricted Period Clause in Contracts

Lapse of Restrictions; Restricted Period. Except as otherwise provided in the Recipient’s Employment Agreement with the Company, the restrictions set forth in Section 1 above shall lapse and a portion of the Restricted Shares shall become unrestricted and freely tradable as follows: (i) 37,500 of the Restricted Shares on January 13, 2018; (ii) 37,500 of the Restricted Shares on January 13, 2019; (iii) 37,500 of the Restricted Shares on January 13, 2020; and (iv) 37,500 of the Restricted Shares on January 13, 2021.

Lapse of Restrictions; Restricted Period. Except as otherwise provided in the Recipient’s Employment Agreement with the Company, the restrictions set forth in Section 1 above shall lapse and a portion of the Restricted Shares shall become unrestricted and freely tradable as follows: (i) 37,500 18,750 of the Restricted Shares on January 13, 2018; (ii) 37,500 18,750 of the Restricted Shares on January 13, 2019; (iii) 37,500 18,750 of the Restricted Shares on January 13, 2020; and (iv) 37,500 18,750 of the Restricted Shares on January 13, 2021.

Lapse of Restrictions; Restricted Period. Except as otherwise provided in the Recipient’s Employment Agreement with the Company, the restrictions set forth in Section 1 above shall lapse and a portion of the Restricted Shares shall become unrestricted and freely tradable as follows: (i) 37,500 20% of the Restricted Shares on January 13February 22, 20182012; (ii) 37,500 20% of the Restricted Shares on January 13February 22, 20192013; (iii) 37,500 20% of the Restricted Shares on January 13February 22, 20202014; and (iv) 37,500 20% of the Restricted Shares on January 13February 22, 20212015; and (vi) 20% of the Restricted Shares on February 22, 2016.

Lapse of Restrictions; Restricted Period. Except as otherwise provided in the Recipient’s Employment Agreement with the Company, the restrictions set forth in Section 1 above shall lapse and a portion of the Restricted Shares shall become unrestricted and freely tradable as follows: (i) 37,500 25% of the Restricted Shares on January 13February 23, 20182011; (ii) 37,500 25% of the Restricted Shares on January 13February 23, 20192012; (iii) 37,500 25% of the Restricted Shares on January 13February 23, 20202013; and (iv) 37,500 25% of the Restricted Shares on January 13February 23, 20212014.

Lapse of Restrictions; Restricted Period. Except as otherwise provided in the Recipient’s Employment Agreement with the Company, the restrictions set forth in Section 1 above shall lapse and a portion of the Restricted Shares shall become unrestricted and freely tradable as follows: (i) 37,500 16,250 of the Restricted Shares on January 13, 2018; (ii) 37,500 16,250 of the Restricted Shares on January 13, 2019; (iii) 37,500 16,250 of the Restricted Shares on January 13, 2020; and (iv) 37,500 16,250 of the Restricted Shares on January 13, 2021.