Common use of Period of Restriction – Cliff Vesting Clause in Contracts

Period of Restriction – Cliff Vesting. The Period of Restriction for this Award is years (at least one), beginning on the date specified in part I above. After the Period of Restriction expires, the Company will determine whether the Performance Measures specified in part I above were achieved. If the Performance Measures were achieved in full, the Grantee will vest in the entire Award of Restricted Stock. If the Performance Measures were not achieved in full, the Grantee will forfeit the entire Award of Restricted Stock.

Period of Restriction – Cliff Vesting. The Period of Restriction for this Award is _____ years (at least one), beginning on the date specified in part I above. After the Period of Restriction expires, the Company will determine whether the Performance Measures specified in part I above were achieved. If the Performance Measures were achieved in full, the Grantee will vest in the entire Award of Restricted Stock. If the Performance Measures were not achieved in full, the Grantee will forfeit the entire Award of Restricted Stock.