Common use of Lapse of the Period of Restriction Clause in Contracts

Lapse of the Period of Restriction. The Period of Restriction shall lapse, and the forfeiture provisions of Section 3 hereof shall no longer be applicable as to Restricted Shares held by or on behalf of Executive according to the following schedule, if Executive shall have been continuously employed by the Corporation from the Date of Award through the date of such lapse: as to one-third of the Restricted Shares, on or after the first anniversary of the Date of Award; and as to the remaining two-thirds of the Restricted Shares, in eight equal quarterly installments on the first day of each August, November, February and May thereafter. If any installment includes a fraction of a share, the Period of Restriction with respect to such fraction shall not then lapse, and the fraction shall be carried forward and added to subsequent installments. In the event that the Corporation shall terminate the Employment Agreement without "cause", as such term is defined in the Employment Agreement, or Executive shall resign for "good reason" under clauses (i), (ii) or (iii) of Section 14.4 of the Employment Agreement, within the first year after the Commencement Date of the Employment Agreement, the Period of Restriction shall immediately lapse with respect to 12,500 of the Restricted Shares. The Period of Restriction shall also lapse with respect to Restricted Shares then held by Executive upon the occurrence of a Change of Control as defined in the Employment Agreement.

Lapse of the Period of Restriction. The Period of Restriction shall lapse, and the forfeiture provisions of Section 3 hereof shall no longer be applicable as to Restricted Shares held by or on behalf of Executive Employee according to the following schedule, if Executive Employee shall have been continuously employed by the Corporation from the Date of Award through the date of such lapse: as to one-third forty percent (40%) of the Restricted Shares, on or after the first anniversary of date which is five months after the Date of Award; and as to the remaining two-thirds twenty percent (20%) of the Restricted Shares, in eight equal quarterly installments on or after the first day date which is eleven months after the Date of each AugustAward; as to twenty percent (20%) of the Restricted Shares, Novemberon or after the date which is twenty-three months after the Date of Award; as to the remaining twenty percent (20%) of the Restricted Shares, February and May thereafteron or after the date which is thirty-five months after the Date of Award. If any installment includes a fraction of a share, the Period of Restriction with respect to such fraction shall not then lapse, and the fraction shall be carried forward and added to subsequent installments. In If earlier, the event that Period of Restriction will lapse with respect to Restricted Shares then held by Employee upon the termination by the Corporation shall terminate of Employee’s services to the Employment Agreement Corporation without "cause", cause (as such term is defined in the Employment Agreement, or Executive shall resign ) a termination by Employee for "good reason" under clauses reason (i), (ii) or (iii) of Section 14.4 of the Employment Agreement, within the first year after the Commencement Date of the Employment Agreement, the Period of Restriction shall immediately lapse with respect to 12,500 of the Restricted Shares. The Period of Restriction shall also lapse with respect to Restricted Shares then held by Executive upon the occurrence of a Change of Control as such term is defined in the Employment Agreement), or upon a Change of Control.

Lapse of the Period of Restriction. The Period of Restriction shall lapse, and the forfeiture provisions of Section 3 hereof shall no longer be applicable as to Restricted Shares held by or on behalf of Executive according to the following schedule: (a) the Period of Restriction shall lapse as to 41,666 of the Restricted Shares on the first anniversary of the Date of Award, if provided that Executive shall have been continuously employed by the Corporation from the Date of Award through the date of such lapse: ; (b) the Period of Restriction shall lapse as to one-third an additional 10,416 of the Restricted SharesShares on August 1, 2004, provided that Executive shall have been continuously employed by the Corporation from the Date of Award through the date of such lapse; (c) the Period of Restriction shall lapse as to the remaining 72,918 of the Restricted Shares on May 1, 2006, provided that Executive shall have been continuously employed by the Corporation from the Date of Award through the date of such lapse; and (d) except as provided below, in the event that Executive's employment with the Corporation is terminated for any reason under the Employment Agreement, other than Executive's voluntary resignation without "good reason" (as such term is defined in Section 14.4 of the Employment Agreement) or after by the Corporation for "cause" (as such term is defined in the Employment Agreement), during the period beginning on the first anniversary of the Date of Award; Award and ending on May 1, 2006, then, as of the date of such termination, the Period of Restriction shall lapse as to the remaining two-thirds final 72,918 of the Restricted Shares, Shares according to the following schedule: in eight seven equal quarterly installments on the first day of each August, November, February and May thereafterbeginning with November 1, 2004 and ending on May 1, 2006. If any installment includes a fraction of a share, the Period of Restriction with respect to such fraction shall not then lapse, and the fraction shall be carried forward and added to the subsequent installmentsinstallment. In the event that the Corporation shall terminate the Employment Agreement without "cause", as such term is defined in the Employment Agreement, or Executive shall resign for "good reason" under clauses (i), (ii) or (iii) of Section 14.4 of the Employment Agreement, within the first year after the Commencement Date of the Employment Agreement, the Period of Restriction shall immediately lapse with respect to 12,500 of the Restricted Shares. The Period of Restriction shall also lapse with respect to Restricted Shares then held by Executive upon the occurrence of a Change of Control as defined in the Employment Agreement." 2. Except as specifically amended by this Amendment, herein, the Restricted Stock Agreement remains in full force and effect.

Lapse of the Period of Restriction. The Period of Restriction shall lapse, and the forfeiture provisions of Section 3 hereof shall no longer be applicable as to Restricted Shares held by or on behalf of Executive Employee according to the following schedule, if Executive Employee shall have been continuously employed by the Corporation from the Date of Award through the date of such lapse: as to one-third forty percent (40%) of the Restricted Shares, on or after the first anniversary of date which is twelve months after the Date of Award; and as to the remaining two-thirds thirty percent (30%) of the Restricted Shares, in eight equal quarterly installments on or after the first day date which is twenty-four months after the Date of each AugustAward; as to the remaining thirty percent (30%) of the Restricted Shares, November, February and May thereafteron or after the date which is thirty-six months after the Date of Award. If any installment includes a fraction of a share, the Period of Restriction with respect to such fraction shall not then lapse, and the fraction shall be carried forward and added to subsequent installments. In If earlier, the event that Period of Restriction will lapse with respect to Restricted Shares then held by Employee upon the termination by the Corporation shall terminate of Employee's services to the Employment Agreement Corporation without "cause", cause (as such term is defined in the Employment Agreement), or Executive shall resign for "good reason" under clauses (i), (ii) the termination by the Employee of his or her services with the Corporation for “good reason” (iii) of Section 14.4 of the Employment Agreement, within the first year after the Commencement Date of the Employment Agreement, the Period of Restriction shall immediately lapse with respect to 12,500 of the Restricted Shares. The Period of Restriction shall also lapse with respect to Restricted Shares then held by Executive upon the occurrence of a Change of Control as such term is defined in the Employment Agreement).