Common use of Representations of the Grantee Clause in Contracts

Representations of the Grantee. The Grantee hereby (a) accepts the Award of Restricted Stock described in paragraph 1 of this Agreement, (b) agrees that the Restricted Stock will be held by him or her and his or her successors subject to (and will not be disposed of except in accordance with) all of the restrictions, terms and conditions contained in this Agreement and the Plan, and (c) agrees that any certificates issued for the Restricted Stock may bear the following legend or such other legend as the Company, from time to time, deems appropriate: “The transferability of this certificate and the shares represented hereby are subject to the terms and conditions (including forfeiture) contained in the 2006 ITT Educational Services, Inc. Equity Compensation Plan (“Plan”) and an award agreement entered into between the registered owner and ITT Educational Services, Inc. Copies of the Plan and award agreement are on file in the office of the Secretary of ITT Educational Services, Inc.”

Representations of the Grantee. The Grantee hereby (a) accepts the Award of Restricted Stock described in paragraph 1 of this Agreement, (b) agrees that the Restricted Stock will be held by him or her and his or her successors subject to (and will not be disposed of except in accordance with) all of the restrictions, terms and conditions contained in this Agreement and the Plan, and (c) agrees that any certificates issued for the Restricted Stock may bear the following legend or such other legend as the Company, from time to time, deems appropriate: “"The transferability of this certificate and the shares represented hereby are subject to the terms and conditions (including forfeiture) contained in the 2006 ITT Educational Services, Inc. Amended and Restated 2006 Equity Compensation Plan (“"Plan”") and an award agreement entered into between the registered owner and ITT Educational Services, Inc. Copies of the Plan and award agreement are on file in the office of the Secretary of ITT Educational Services, Inc.”"

Representations of the Grantee. The Grantee hereby (a) accepts the Award of Restricted Stock described in paragraph 1 of this Agreement, (b) agrees that the Restricted Stock will be held by him or her and his or her successors subject to (and will not be disposed of except in accordance with) all of the restrictions, terms and conditions contained in this Agreement and the Plan, and (c) agrees that any certificates issued for the Restricted Stock may bear the following legend or such other legend as the Company, from time to time, deems appropriate: “"The transferability of this certificate and the shares represented hereby are subject to the terms and conditions (including forfeiture) contained in the 2006 ITT Educational Services, Inc. Equity Compensation Plan (“"Plan”") and an award agreement entered into between the registered owner and ITT Educational Services, Inc. Copies of the Plan and award agreement are on file in the office of the Secretary of ITT Educational Services, Inc.”"