Common use of Parent Restricted Stock Award Clause in Contracts

Parent Restricted Stock Award. The Company shall recommend to the Compensation Committee of the Board of Directors of Parent or its designee that it approve and grant to Executive, effective as of the Effective Date, shares of restricted stock of Parent (the "Parent Restricted Stock") with a fair market value (based on the closing price of the common stock of Parent on the Effective Date) equal to $250,000. The Parent Restricted Stock shall vest and the restrictions thereon lapse, subject to Executive's continued employment with the Company or one of its Affiliates on the applicable dates, as follows: 25% of the Parent Restricted Stock shall vest on the first anniversary of the date of grant, an additional 25% of the Parent Restricted Stock shall vest on the second anniversary of the date of grant and the remaining 50% of the Parent Restricted Stock shall vest on the third anniversary of the date of grant. The Parent Restricted Stock shall be granted pursuant to and subject to the terms of the ETLIP and a restricted stock agreement to be entered into between Parent and Executive.

Parent Restricted Stock Award. The Company shall recommend to the Compensation Committee of the Board of Directors of Parent or its designee that it approve and grant to Executive, effective as of the Effective Date, shares of restricted stock of Parent (the "Parent Restricted Stock") with a fair market value (based on the closing price of the common stock of Parent on the Effective Date) equal to $250,00075,000. The Parent Restricted Stock shall vest and the restrictions thereon lapse, subject to Executive's continued employment with the Company or one of its Affiliates on the applicable dates, as follows: 25% of the Parent Restricted Stock shall vest on the first anniversary of the date of grant, an additional 25% of the Parent Restricted Stock shall vest on the second anniversary of the date of grant and the remaining 50% of the Parent Restricted Stock shall vest on the third anniversary of the date of grant. The Parent Restricted Stock shall be granted pursuant to and subject to the terms of the ETLIP and a restricted stock agreement to be entered into between Parent and Executive.

Parent Restricted Stock Award. The Company shall recommend to the Compensation Committee of the Board of Directors of Parent or its designee that it approve and grant to Executive, effective as of the Effective Date, shares of restricted stock of Parent (the "Parent Restricted Stock") with a fair market value (based on the closing price of the common stock of Parent on the Effective Date) equal to $250,000180,000. The Parent Restricted Stock shall vest and the restrictions thereon lapse, subject to Executive's continued employment with the Company or one of its Affiliates on the applicable dates, as follows: 25% of the Parent Restricted Stock shall vest on the first anniversary of the date of grant, an additional 25% of the Parent Restricted Stock shall vest on the second anniversary of the date of grant and the remaining 50% of the Parent Restricted Stock shall vest on the third anniversary of the date of grant. The Parent Restricted Stock shall be granted pursuant to and subject to the terms of the ETLIP and a restricted stock agreement to be entered into between Parent and Executive.

Parent Restricted Stock Award. The Company shall recommend to the Compensation Committee of the Board of Directors of Parent or its designee that it approve and grant to Executive, effective as of the Effective Date, shares of restricted stock of Parent (the "Parent Restricted Stock") with a fair market value (based on the closing price of the common stock of Parent on the Effective Date) equal to $250,000200,000. The Parent Restricted Stock shall vest and the restrictions thereon lapse, subject to Executive's continued employment with the Company or one of its Affiliates on the applicable dates, as follows: 25% of the Parent Restricted Stock shall vest on the first anniversary of the date of grant, an additional 25% of the Parent Restricted Stock shall vest on the second anniversary of the date of grant and the remaining 50% of the Parent Restricted Stock shall vest on the third anniversary of the date of grant. The Parent Restricted Stock shall be granted pursuant to and subject to the terms of the ETLIP and a restricted stock agreement to be entered into between Parent and Executive.

Parent Restricted Stock Award. The Company shall recommend to the Compensation Committee of the Board of Directors of Parent or its designee that it approve and grant to Executive, effective as of the Effective Date, shares of restricted stock of Parent (the "“Parent Restricted Stock"”) with a fair market value (based on the closing price of the common stock of Parent on the Effective Date) equal to $250,000. The Parent Restricted Stock shall vest and the restrictions thereon lapse, subject to Executive's ’s continued employment with the Company or one of its Affiliates on the applicable dates, as follows: 25% of the Parent Restricted Stock shall vest on the first anniversary of the date of grant, an additional 25% of the Parent Restricted Stock shall vest on the second anniversary of the date of grant and the remaining 50% of the Parent Restricted Stock shall vest on the third anniversary of the date of grant. The Parent Restricted Stock shall be granted pursuant to and subject to the terms of the ETLIP and a restricted stock agreement to be entered into between Parent and Executive.