Common use of Restricted Stock Payment Clause in Contracts

Restricted Stock Payment. The Executive was granted awards of restricted stock with respect to 10,000 shares of MONY common stock pursuant to a Restricted Stock Award Agreement dated May 23, 2001 (the “2001 Restricted Shares”). Effective as of the date hereof, the 2001 Restricted Shares shall be conclusively deemed forfeited and shall be canceled, and the Executive shall have no further right or interest in the 2001 Restricted Shares, nor any rights whatsoever under or with respect to the 2001 Restricted Shares.

Restricted Stock Payment. The Executive was granted awards of restricted stock with respect to 10,000 15,000 shares of MONY common stock pursuant to a Restricted Stock Award Agreement dated May 23, 2001 (the “2001 Restricted Shares”). Effective as of the date hereof, the 2001 Restricted Shares shall be conclusively deemed forfeited and shall be canceled, and the Executive shall have no further right or interest in the 2001 Restricted Shares, nor any rights whatsoever under or with respect to the 2001 Restricted Shares.

Restricted Stock Payment. The Executive was granted awards of restricted stock with respect to 10,000 25,000 shares of MONY common stock pursuant to a Restricted Stock Award Agreement dated May 23, 2001 (the “2001 Restricted Shares”). Effective as of the date hereof, the 2001 Restricted Shares shall be conclusively deemed forfeited and shall be canceled, and the Executive shall have no further right or interest in the 2001 Restricted Shares, nor any rights whatsoever under or with respect to the 2001 Restricted Shares.

Restricted Stock Payment. The Executive was granted awards of restricted stock with respect to 10,000 20,000 shares of MONY common stock pursuant to a Restricted Stock Award Agreement dated May 23, 2001 (the “2001 Restricted Shares”). Effective as of the date hereof, the 2001 Restricted Shares shall be conclusively deemed forfeited and shall be canceled, and the Executive shall have no further right or interest in the 2001 Restricted Shares, nor any rights whatsoever under or with respect to the 2001 Restricted Shares.

Restricted Stock Payment. The Executive was granted awards of restricted stock with respect to 10,000 22,000 shares of MONY common stock pursuant to a Restricted Stock Award Agreement dated May 23, 2001 (the “2001 Restricted Shares”). Effective as of the date hereof, the 2001 Restricted Shares shall be conclusively deemed forfeited and shall be canceled, and the Executive shall have no further right or interest in the 2001 Restricted Shares, nor any rights whatsoever under or with respect to the 2001 Restricted Shares.

Restricted Stock Payment. The Executive was granted awards of restricted stock with respect to 10,000 3,000 shares of MONY common stock pursuant to a Restricted Stock Award Agreement dated May 23, 2001 (the “2001 Restricted Shares”). Effective as of the date hereof, the 2001 Restricted Shares shall be conclusively deemed forfeited and shall be canceled, and the Executive shall have no further right or interest in the 2001 Restricted Shares, nor any rights whatsoever under or with respect to the 2001 Restricted Shares.

Restricted Stock Payment. The Executive was granted awards of restricted stock with respect to 10,000 38,900 shares of MONY common stock pursuant to a Restricted Stock Award Agreement dated May 23, 2001 (the “2001 Restricted Shares”). Effective as of the date hereof, the 2001 Restricted Shares shall be conclusively deemed forfeited and shall be canceled, and the Executive shall have no further right or interest in the 2001 Restricted Shares, nor any rights whatsoever under or with respect to the 2001 Restricted Shares.

Restricted Stock Payment. The Executive was granted awards of restricted stock with respect to 10,000 shares of MONY common stock pursuant to a Restricted Stock Award Agreement Agreements dated May 23, 2001 and September 25, 2001 (the “2001 Restricted Shares”). Effective as of the date hereof, the 2001 Restricted Shares shall be conclusively deemed forfeited and shall be canceled, and the Executive shall have no further right or interest in the 2001 Restricted Shares, nor any rights whatsoever under or with respect to the 2001 Restricted Shares.

Restricted Stock Payment. The Executive was granted awards of restricted stock with respect to 10,000 49,650 shares of MONY common stock pursuant to a Restricted Stock Award Agreement dated May 23, 2001 (the “2001 Restricted Shares”). Effective as of the date hereof, the 2001 Restricted Shares shall be conclusively deemed forfeited and shall be canceled, and the Executive shall have no further right or interest in the 2001 Restricted Shares, nor any rights whatsoever under or with respect to the 2001 Restricted Shares.