Common use of Nature of Your Award Clause in Contracts

Nature of Your Award. You have been granted Restricted Stock. If you satisfy the conditions described in this Award Agreement, the restrictions imposed on your Restricted Stock will be removed and you will own the shares. Federal income tax rules apply to Restricted Stock. These and other conditions affecting your Restricted Stock are described in this Award Agreement, the Plan and the Plan’s Prospectus, all of which you should read carefully. No later than Vte you must return a signed copy of this Award Agreement to:

Nature of Your Award. You have been granted Restricted Stock. If you satisfy the conditions described in this Award Agreement, your shares of Restricted Stock will vest, which means that the restrictions imposed on your Restricted Stock shares will be removed and you the shares will own the sharesno longer be subject to a risk of forfeiture. Federal income tax rules apply to Restricted Stock. These and other conditions affecting your Restricted Stock are described in this Award Agreement, the Plan and the Plan’s Prospectus, all of which you should read carefully. No later than Vte you must return a signed copy Grant Date: Your shares of this Award Agreement to:Restricted Stock were issued on [Date].

Nature of Your Award. You have been granted Restricted Stock. If you satisfy the conditions described in this Award Agreement, the restrictions imposed on your Restricted Stock will be removed and you will own the shares. Federal income tax rules apply to Restricted Stock. These and other conditions affecting your Restricted Stock are described in this Award Agreement, the Plan and the Plan’s Prospectus, all of which you should read carefully. No later than Vte you must return a signed copy Grant Date: Your shares of this Award Agreement to:Restricted Stock were issued on [Date].