Common use of Restrictions on Restricted Stock Clause in Contracts

Restrictions on Restricted Stock. Until Restricted Stock has vested and the Holding Period has expired, it may not be sold, transferred, assigned or pledged. Shares of Restricted Stock shall be evidenced by stock certificates bearing appropriate legends referring to the applicable terms, conditions and restrictions. Stock certificates representing the Restricted Stock will be registered in the name of Executive as of the date of this Agreement, but such certificates will be held by the Company until the shares vest and the Holding Period has expired, and Executive shall deliver to the Company a stock power, endorsed in blank, relating to the shares of Restricted Stock. At such time as Restricted Stock vests, and the expiration of the Holding Period with regard to such vested shares of Restricted Stock, a certificate representing such shares (less any shares retained by the Company to satisfy Executive's tax withholding obligations) will be delivered to Executive as soon as practicable.

Restrictions on Restricted Stock. Until Restricted Stock has vested and the Holding Period has expired-------------------------------- vested, it may not be sold, transferred, assigned or pledged. Shares of Restricted Stock shall be evidenced by stock certificates bearing appropriate legends referring to the applicable terms, conditions and restrictions. Stock certificates representing the Restricted Stock will be registered in the name of the Executive as of the date of this Agreement, but such certificates will be held by the Company until the shares vest vest, and the Holding Period has expired, and Company may require that the Executive shall deliver to the Company a stock power, endorsed in blank, relating to the shares of Restricted Stock. At such time as Restricted Stock vests, and the expiration of the Holding Period with regard to such vested shares of Restricted Stock, a certificate representing such shares (less any shares retained by the Company to satisfy the Executive's tax withholding obligations) will be delivered to the Executive (or in the event of the Executive's death, to the executor or administrator of the estate), as soon as practicable. To the extent that Restricted Stock has vested, it shall be transferable and not subject to forfeiture upon termination of employment or otherwise.

Restrictions on Restricted Stock. Until Restricted Stock has vested and the Holding Period has expiredvested, it may not be sold, transferred, assigned or pledged. Shares of Restricted Stock shall be evidenced by stock certificates bearing appropriate legends referring to the applicable terms, conditions and restrictions. Stock certificates representing the Restricted Stock will be registered in the name of the Executive as of the date of this Agreement, but such certificates will be held by the Company until the shares vest vest, and the Holding Period has expired, and Company may require that the Executive shall deliver to the Company a stock power, endorsed in blank, relating to the shares of Restricted Stock. At such time as Restricted Stock vests, and the expiration of the Holding Period with regard to such vested shares of Restricted Stock, a certificate representing such shares (less any shares retained by the Company to satisfy the Executive's tax withholding obligations) will be delivered to the Executive (or in the event of the Executive's death, to the executor or administrator of the estate), as soon as practicable.. To the extent that Restricted Stock has vested, it shall be transferable and not subject to forfeiture upon termination of employment or otherwise. -3-