Common use of Release of Restrictions Clause in Contracts

Release of Restrictions. (A) The restrictions set forth in Section 2 above shall lapse as follows: (i) with respect to 4,200 Award Shares, on the anniversary of this Award Agreement in the year 2005; (ii) with respect to 4,200 Award Shares, on the anniversary of this Award Agreement in the year 2006; (iii) with respect to 4,200 Award Shares, on the anniversary of this Award Agreement in the year 2007; (B) The restrictions set forth in Section 2 above with respect to all of the Award Shares, to the extent they have not lapsed in accordance with Subsection 3(A) and to the extent not related to shares which previously have been forfeited to the Company, shall lapse on the first to happen of the following: (i) the Grantee's employment with the Company is terminated following a Change of Control, or by reason of death, Disability, Termination of Employment Without Cause or Termination of Employment for Good Reason (for purposes of this subsection (i), the terms "Change of Control," "Disability," "Termination of Employment Without Cause," and "Termination of Employment for Good Reason" shall have the same meanings ascribed to such terms in the Employment Agreement, effective as of March 1, 1995, between the Company and the Grantee (the "Employment Agreement"); or (ii) an action by the Committee, in its sole discretion, terminating such restrictions. The Provisions of the second sentence of Section IV.L. of the Plan shall not apply to this Award and, therefore, the lapse of the restrictions set forth in Section 2 upon the occurrence of a Change of Control, as provided in Section 3(B)(i), shall not be limited as otherwise provided in Section IV.L. of the Plan.

Release of Restrictions. (A) The restrictions set forth in Section 2 above shall lapse as follows: (i) with respect to 4,200 800 Award Shares, on the anniversary date of this Award Agreement in the year 2005Agreement; (ii) with respect to 4,200 1,200 Award Shares, on the first anniversary date of this Award Agreement in the year 2006;Agreement; and (iii) with respect to 4,200 1,600 Award Shares, on the second anniversary date of this Award Agreement in the year 2007;Agreement; and (B) The restrictions set forth in Section 2 above with respect to all of the Award Shares, to the extent they have not lapsed in accordance with Subsection subsection 3(A) and to the extent not related to shares which previously have been forfeited to the Company, shall lapse on the first to happen of the following: (i) the Grantee's employment with the Company is terminated following a Change of Control, or by reason of death, Disability, Termination of Employment Without Cause or Termination of Employment for Good Reason (for purposes of this subsection (i), the terms "Change of Control," "Disability," "Termination of Employment Without Cause," and "Termination of Employment for Good Reason" shall have the same meanings ascribed to such terms in the Employment Termination Agreement, effective as of March 1August 15, 19951996, between the Company and the Grantee (the "Employment Termination Agreement")); or (ii) an action by the Committee, in its sole discretion, terminating such restrictions. The Provisions provisions of the second sentence of Section IV.L. 14 of the Plan shall not apply to this Award and, therefore, the lapse of the restrictions set forth in Section 2 upon the occurrence of a Change of Control, as provided in Section 3(B)(i), shall not be limited as otherwise provided in Section IV.L. 14 of the Plan.

Release of Restrictions. (A) The restrictions set forth in Section 2 above shall lapse as follows: (i) with respect to 4,200 7,000 Award Shares, on the anniversary of this Award Agreement in the year 20052001; (ii) with respect to 4,200 1,000 Award Shares, on the anniversary of this Award Agreement in the year 20062002, but only if the Grantee is an employee of the Company on said date; (iii) with respect to 4,200 1,000 Award Shares, on the anniversary of this Award Agreement in the year 2007;2003, but only if the Grantee is an employee of the Company on said date. (B) The restrictions set forth in Section 2 above with respect to all of the Award Shares, to the extent they have not lapsed in accordance with Subsection subsection 3(A) and to the extent not related to shares which previously have been forfeited to the Company, shall lapse on the first to happen of the following: (i) the Grantee's employment with the Company is terminated following a Change of Control, or by reason of death, Disability, Termination of Employment Without Cause or Termination of Employment for Good Reason (for purposes of this subsection (i), the terms "Change of Control," "Disability," "Termination of Employment Without Cause," and "Termination of Employment for Good Reason" shall have the same meanings ascribed to such terms in the Employment Agreement, effective as of March February 1, 19951998, between the Company and the Grantee (the "Employment Agreement")); or (ii) an action by the Committee, in its sole discretion, terminating such restrictions. The Provisions of the second sentence of Section IV.L. of the Plan shall not apply to this Award and, therefore, the lapse of the restrictions set forth in Section 2 upon the occurrence of a Change of Control, as provided in Section 3(B)(i), shall not be limited as otherwise provided in Section IV.L. of the Plan.

Release of Restrictions. (Aa) The restrictions set forth in Section 2 above shall lapse as follows: (i) with respect to 4,200 5,000 Award Shares, on the anniversary of this Award Agreement in the year 2003, but only if the Grantee is an employee of the Company on said date; (ii) with respect to 5,000 Award Shares, on the anniversary of this Award Agreement in the year 2004, but only if the Grantee is an employee of the Company on said date; (iii) with respect to 5,000 Award Shares, on the anniversary of this Award Agreement in the year 2005;, but only if the Grantee is an employee of the Company on said date. (ii) with respect to 4,200 Award Shares, on the anniversary of this Award Agreement in the year 2006; (iii) with respect to 4,200 Award Shares, on the anniversary of this Award Agreement in the year 2007; (Bb) The restrictions set forth in Section 2 above with respect to all of the Award Shares, to the extent they have not lapsed in accordance with Subsection 3(A) subsection and to the extent not related to shares which that previously have been forfeited to the Company, shall lapse on the first to happen of the following: (i) the Grantee's ’s employment with the Company is terminated following a Change of in Control, a Displacement, or by reason of death, Disability, Termination of Employment Without Cause or Termination of Employment for Good Reason (for purposes of this subsection (i), the terms "“Change of in Control," "” “Disability," "” “Termination of Employment Without Cause," ” and "“Termination of Employment for Good Reason" ” shall have the same meanings ascribed to such terms in the Employment Agreement, effective as of March 1May 16, 19952002, between the Company and the Grantee (the "“Employment Agreement"”), and the term “Displacement” shall have the same meaning ascribed to such term in the Displacement Agreement, effective as of May 16, 2002, between the Company and the Grantee); or (ii) an action by the Committee, in its sole discretion, terminating such restrictions. The Provisions of the second sentence of Section IV.L. of the Plan shall not apply to this Award and, therefore, the lapse of the restrictions set forth in Section 2 upon the occurrence of a Change of Control, as provided in Section 3(B)(i), shall not be limited as otherwise provided in Section IV.L. of the Plan.