Restriction and Forfeiture. The Grantee’s right to retain the Award Shares will be subject to the Grantee remaining in the continuous employ or service of the Company or any Subsidiary for a period of four (4) years (the “Restriction Period”) following the Date of Grant; provided, however, that such employment/service period restrictions (the “Restrictions”) will lapse and terminate prior to end of the Restriction Period as set forth in Sections 2.2 and 2.3 below.
Restriction and Forfeiture. The Grantee’s right to the Award Units or the Adjusted Award Units and the shares of Common Stock issuable under the Award Units or Adjusted Award Units will be subject to the Grantee remaining in continuous employment or service with the Company or any Subsidiary for a period of three (3) years (the “Vesting Period”) following the Date of Grant; provided, however, that such employment or service period restrictions (the “Restrictions”) will lapse and terminate prior to end of the Vesting Period as set forth in Section 2.2 below (or as otherwise set forth in the Plan for any circumstance not contemplated by the terms of Section 2.2).
Restriction and Forfeiture. The Grantee’s right to the Award Units and the shares of Common Stock issuable under the Award Units will be fully vested at the end of three (3) years from the Date of Grant (the “Vesting Period”), subject to the Grantee remaining in continuous employment or service with the Company or any Subsidiary during the Vesting Period; provided, however, that such employment or service period restrictions (the “Restrictions”) will lapse and terminate prior to end of the Vesting Period as set forth in Section 2.2 below (or as otherwise set forth in the Plan for any circumstance not contemplated by the terms of Section 2.2).
Restriction and Forfeiture. The Grantee’s right to the Award Units and the shares of Common Stock issuable under the Award Units will vest in three (3) as nearly equal as possible installments (rounding down to the nearest whole share if necessary) on each of the first three (3) anniversaries of the Date of Grant (the “Vesting Period”), subject to the Grantee remaining in continuous employment or service with the Company or any Subsidiary during the Vesting Period; provided, however, that such employment or service period restrictions (the “Restrictions”) will lapse and terminate prior to end of the Vesting Period as set forth in Section 2.2 below (or as otherwise set forth in the Plan for any circumstance not contemplated by the terms of Section 2.2).
Restriction and Forfeiture. The Grantee's right to retain the Award Shares will be subject to the Grantee remaining in the continuous employ or service of the Company or any entity that is directly or indirectly controlled by the Company or any entity in which the Company has a significant equity interest (a "Subsidiary") for a period of two (2) years (the "Restriction Period") following the Date of Grant; provided, however, that such employment/service period restrictions (the "Restrictions") will lapse and terminate prior to the end of the Restriction Period with respect to installments of Award Shares to the extent and on such dates as follows:
(a) The Restrictions on one-third (1/3) of the Award Shares will lapse and terminate on the earlier to occur of (i) the date on which the Company completes an offering and sale of Common Stock in which the aggregate gross proceeds received by the Company before commissions and expenses equals or exceeds Two Million Dollars ($2,000,000), or (ii) three months after the Date of Grant;
(b) The Restrictions on one-third (1/3) of the Award Shares will lapse and terminate on the date one (1) year after the Date of Grant; and
(c) The Restrictions on one-third (1/3) of the Award Shares will lapse and terminate on the date two (2) years after the Date of Grant.
Restriction and Forfeiture. The Grantee’s right to retain the Restricted Stock Award Shares and any Dividend Proceeds (as defined below) related thereto will be subject to the Grantee remaining in the continuous employ or service of the Company through February 19, 2007.
Restriction and Forfeiture. The Grantee's right to retain the Award Shares will be subject to the Grantee remaining in the continuous employ of the Company or any Subsidiary for a period from the Date of Grant through December 1, 2000 (the "Restriction Period"); provided, however, that such employment period restrictions (the "Restrictions") will lapse and terminate prior to end of the Restriction Period with respect to installments of Award Shares to the extent and on such dates as follows:
Restriction and Forfeiture. The Grantee’s right to the Award Units and the shares of Common Stock issuable under the Award Units will be fully vested at the end of the earlier of (i) the first anniversary of the Date of Grant or (ii) the next annual meeting of shareholders of the Company at which directors are elected (the “Vesting Period”), subject to the Grantee remaining in continuous service on the Board during the Vesting Period; provided, however, that such restrictions (the “Restrictions”) will lapse and terminate prior to the end of the Vesting Period as set forth in Section 2.2 below (or as otherwise set forth in the Plan for any circumstance not contemplated by the terms of Section 2.2).
Restriction and Forfeiture. The Grantee’s right to the Award Units and the shares of Common Stock issuable under the Award Units will vest in three (3) as equal as possible installments (rounding down to the nearest whole share if necessary) on each of the first three (3) anniversaries of the Date of Grant (the “Restriction Period”) subject to the Grantee remaining in continuous employment or service with the Company or any Subsidiary through each of such vesting dates during the Restriction Period; provided, however, that such employment/service period restrictions (the “Restrictions”) will lapse and terminate prior to end of the Restriction Period as set forth in Section 2.2 below (or as otherwise set forth in the Plan for any circumstance not contemplated by the terms of Section 2.2).
Restriction and Forfeiture. The Grantee’s right to retain the Award Shares will be subject to the Grantee remaining in continuous employment or service with the Company or any Subsidiary for a period of three (3) years (the “Restriction Period”) following the Date of Grant; provided, however, that such employment/service period restrictions (the “Restrictions”) will lapse and terminate prior to the end of the Restriction Period with respect to 1/3rd of such shares on the one year anniversary of the Date of Grant, with respect to 1/3rd of such shares on the two year anniversary of the Date of Grant, and with respect to 1/3rd of such shares on the three year anniversary of the Date of Grant, as set forth in Section 2.3 below, or as otherwise set forth in the Plan.
