Common use of Restricted Stock Unit Grant Clause in Contracts

Restricted Stock Unit Grant. The Executive shall be granted a restricted stock unit award in the amount of 40,000 shares (the “RSUs”), which RSUs shall vest 25% on the Effective Date and 25% each on the first, second and third anniversaries of the Effective Date. The vesting of any tranche of the RSUs shall be conditioned upon the Executive’s continued employment by the Company through the applicable anniversary date, except for the accelerated vesting provided in Section 8.2 and under the terms of the RSU agreement; provided, however that such accelerated vesting shall not accelerate the date that shares of Company stock are issued pursuant to the RSU award. The Executive will not have the rights of a shareholder, including voting and dividend rights, with respect to the RSUs until the underlying shares are issued. The RSUs shall be issued pursuant to the Company’s Flexible Stock Plan.

Restricted Stock Unit Grant. The Executive shall be granted a restricted stock unit award in the amount of 40,000 50,000 shares (the “RSUs”), which RSUs shall vest 25% on the Effective Date and 25% each on the first, second and third anniversaries of the Effective Date. The vesting of any tranche of the RSUs shall be conditioned upon the Executive’s continued employment by the Company through the applicable anniversary date, except for the accelerated vesting provided in Section 8.2 and under the terms of the RSU agreement; provided, however that such accelerated vesting shall not accelerate the date that shares of Company stock are issued pursuant to the RSU award. The Executive will not have the rights of a shareholder, including voting and dividend rights, with respect to the RSUs until the underlying shares are issued. The RSUs shall be issued pursuant to the Company’s Flexible Stock Plan.

Restricted Stock Unit Grant. The Executive shall be granted a restricted stock unit award in the amount of 40,000 45,000 shares (the “RSUs”), which RSUs shall vest 25% on the Effective Date and 25% each on the first, second and third anniversaries of the Effective Date. The vesting of any tranche of the RSUs shall be conditioned upon the Executive’s continued employment by the Company through the applicable anniversary date, except for the accelerated vesting provided in Section 8.2 and under the terms of the RSU agreement; provided, however that such accelerated vesting shall not accelerate the date that shares of Company stock are issued pursuant to the RSU award. The Executive will not have the rights of a shareholder, including voting and dividend rights, with respect to the RSUs until the underlying shares are issued. The RSUs shall be issued pursuant to the Company’s Flexible Stock Plan.

Restricted Stock Unit Grant. The Executive shall be granted a restricted stock unit award in the amount of 40,000 110,000 shares (the “RSUs”), which RSUs shall vest 25% on the Effective Date date of this Agreement and 25% each on the first, second and third anniversaries of the Effective Datedate of this Agreement. The vesting of any tranche of the RSUs shall be conditioned upon the Executive’s continued employment by the Company through the applicable anniversary date, except for the accelerated vesting provided in Section 8.2 and under the terms of the RSU agreement; provided, however that such accelerated vesting shall not accelerate the date that shares of Company stock are issued pursuant to the RSU award. The Executive will not have the rights of a shareholder, including voting and dividend rights, with respect to the RSUs until the underlying shares are issued. The RSUs shall be issued pursuant to the Company’s Flexible Stock Plan.

Restricted Stock Unit Grant. The Executive shall be granted a restricted stock unit award in the amount of 40,000 140,000 shares (the “RSUs”), which RSUs shall vest 25% on the Effective Date date of this Agreement and 25% each on the first, second and third anniversaries of the Effective Datedate of this Agreement. The vesting of any tranche of the RSUs shall be conditioned upon the Executive’s continued employment by the Company through the applicable anniversary date, except for the accelerated vesting provided in Section 8.2 and under the terms of the RSU agreement; provided, however that such accelerated vesting shall not accelerate the date that shares of Company stock are issued pursuant to the RSU award. The Executive will not have the rights of a shareholder, including voting and dividend rights, with respect to the RSUs until the underlying shares are issued. The RSUs shall be issued pursuant to the Company’s Flexible Stock Plan.

Restricted Stock Unit Grant. The Executive shall be granted a restricted stock unit award in the amount of 40,000 75,000 shares (the “RSUs”), which RSUs shall vest 25% on the Effective Date date of this Agreement and 25% each on the first, second and third anniversaries of the Effective Datedate of this Agreement. The vesting of any tranche of the RSUs shall be conditioned upon the Executive’s continued employment by the Company through the applicable anniversary date, except for the accelerated vesting provided in Section 8.2 and under the terms of the RSU agreement; provided, however that such accelerated vesting shall not accelerate the date that shares of Company stock are issued pursuant to the RSU award. The Executive will not have the rights of a shareholder, including voting and dividend rights, with respect to the RSUs until the underlying shares are issued. The RSUs shall be issued pursuant to the Company’s Flexible Stock Plan.