Common use of Restrictions on New Shares Clause in Contracts

Restrictions on New Shares. In the event that the outstanding shares of the Company’s Common Stock are changed into or exchanged for a different number or kind of shares or other securities of the Company, or a stock split-up or stock dividend, such new, additional or different shares or securities which are held or received by the Director in his capacity as a holder of Unvested Stock shall be considered to be Unvested Stock and shall be subject to all of the terms and conditions of this Agreement, including but not limited to the Restrictions.

Restrictions on New Shares. In the event that the outstanding shares of the Company’s Common Stock are changed into or exchanged for a different number or kind of shares or other securities of the Company, or a stock split-–up or stock dividend, such new, additional or different shares or securities which are held or received by the Director Employee (or his designee) in his capacity as a holder of Unvested Restricted Stock shall be considered to be Unvested Restricted Stock and shall be subject to all of the terms and conditions of this Agreement, including but not limited to the Restrictions.