Common use of Restriction under Stock Ownership Policy Clause in Contracts

Restriction under Stock Ownership Policy. All Shares issued hereby are further subject to the Company's policy for targeted stock ownership by senior executives, and restrictions on transfer may be placed on vested shares issued pursuant to this Agreement by the Company's Chief Executive Officer or Chief Financial Officer pursuant to and in furtherance of that policy. Initially, the Participant will be required to retain not less than 50% of the shares that vest under the terms of this Agreement for a period of three years after they have vested.