Common use of Release of Restrictions Clause in Contracts

Release of Restrictions. The restrictions set forth in Section 2 shall lapse as to one hundred percent (100%) of the Award Shares on February 7, 2004 (the "Lapse Date") if Grantee is employed by the Company on such date. Notwithstanding the foregoing, all restrictions set forth in Section 2 shall lapse if Grantee's employment with the Company terminates as a result of Involuntary Termination or Constructive Termination during the twelve (12) month period following a Change in Control occurring on or before the Lapse Date. For purposes of this Agreement, "Involuntary Termination", "Constructive Termination" and "Change in Control" shall have the meanings ascribed to such terms in the Employment Agreement between the Company and Grantee dated of even date herewith (the "Employment Agreement").

Release of Restrictions. The restrictions set forth in Section 2 shall lapse as to one hundred percent (100%) of the Award Shares on February 7June 6, 2004 2003 (the "Lapse Date") if Grantee is employed by the Company on such date. Notwithstanding the foregoing, all restrictions set forth in Section 2 shall lapse if Grantee's employment with the Company terminates as a result of Involuntary Termination or Constructive Termination during the twelve (12) month period following a Change in Control occurring on or before the Lapse Date. For purposes of this Agreement, "Involuntary Termination", "Constructive Termination" and "Change in Control" shall have the meanings ascribed to such terms in the Employment Agreement between the Company and Grantee dated of even date herewith (the "Employment Agreement").