Common use of Restricted Stock Awards and Restricted Stock Units Clause in Contracts

Restricted Stock Awards and Restricted Stock Units. Unless otherwise provided in the applicable Agreement, if the status as an Employee and Non-Employee Director of a Participant holding a Restricted Stock Award or Restricted Stock Unit terminates for any reason other than Retirement, death or Disability prior to the lapse of the Restricted Period, any shares of Common Stock subject to a Restricted Stock Award or Restricted Stock Unit as to which the Restricted Period has not yet lapsed or been waived shall be forfeited by the Participant; provided, however, that the Board, in its sole discretion, may waive or change the remaining restrictions or add additional restrictions with respect to any Restricted Stock Award or Restricted Stock Unit that would otherwise be forfeited, as it deems appropriate. Unless otherwise provided in the applicable Agreement, if the status as an Employee and Non-Employee Director of a Participant holding a Restricted Stock Award or Restricted Stock Unit terminates due to Retirement, death or Disability, any remaining Restricted Period with respect to Restricted Stock Awards or Restricted Stock Units held by such Participant shall lapse as of the date of such termination.

Restricted Stock Awards and Restricted Stock Units. Unless otherwise provided in the applicable Agreement, if the status as an Employee and Non-Employee Director of a Participant holding a Restricted Stock Award or Restricted Stock Unit terminates for any reason other than Retirement, death or Disability prior to the lapse of the Restricted Period, any shares of Common Stock subject to a Restricted Stock Award or Restricted Stock Unit as to which the Restricted Period has not yet lapsed or been waived shall be forfeited by the Participant; provided, however, that the BoardCommittee, in its sole discretion, may waive or change the remaining restrictions or add additional restrictions with respect to any Restricted Stock Award or Restricted Stock Unit that would otherwise be forfeited, as it deems appropriate. Unless otherwise provided in the applicable Agreement, if the status as an Employee and Non-Employee Director of a Participant holding a Restricted Stock Award or Restricted Stock Unit terminates due to Retirement, death or Disability, any remaining Restricted Period with respect to Restricted Stock Awards or Restricted Stock Units held by such Participant shall lapse as of the date of such termination.