Common use of Stock Retention Policy Clause in Contracts

Stock Retention Policy. The Participant understands that the Committee has adopted a policy that requires the Participant to retain ownership of half (50%) of the Shares acquired by Participant hereunder (net of the number of Shares which would need to be sold to satisfy any applicable taxes owed upon conversion), for a period of five (5) years after issuance of such Shares (or until the Participant’s employment with, and services for, the Company and its Subsidiaries terminates, if earlier). The Participant agrees to comply with such policy, and any modifications thereof that may be adopted by the Committee from time to time.

Stock Retention Policy. The Participant understands that the Committee has adopted a policy that requires the Participant to retain ownership of half (50%) of the Shares acquired by Participant hereunder (net of the number of Shares which would need to be sold to satisfy any applicable taxes owed upon conversion), for a period of five three (53) years after issuance of such Shares (or until the Participant’s employment with, and services for, the Company and its Subsidiaries terminates, if earlier). The Participant agrees to comply with such policy, and any modifications thereof that may be adopted by the Committee from time to time.

Stock Retention Policy. The Participant understands that the Committee has adopted a policy that requires the Participant to retain ownership of half (50%) of the Shares acquired by Participant hereunder (net of the number of Shares which would need to be sold to satisfy any applicable taxes owed upon conversion), for a period of five (5) years after issuance of such Shares (or until the Participant’s employment with, and services for, the Company and its Subsidiaries terminates, if earlier)Shares. The Participant agrees to comply with such policy, and any modifications thereof that may be adopted by the Committee from time to time.

Stock Retention Policy. The Participant understands that the Committee has adopted a policy that requires the Participant to retain ownership of one-half (50%) of the Shares underlying the RSUs acquired by the Participant hereunder (net of the number of Shares which would need to be sold to satisfy any applicable taxes owed upon conversionvesting), for a period of five three (53) years after issuance vesting of such Shares RSUs (or until the Participant’s employment with, and services for, the Company and its Subsidiaries terminatesterminate, if earlier). The Participant agrees to comply with such policy, policy and any modifications thereof that may be adopted by the Committee from time to time.

Stock Retention Policy. The Participant understands that the Committee has adopted a policy that requires the Participant to retain ownership of one-half (50%) of the Shares acquired by Participant hereunder (net of the number of Shares which would need to be sold to satisfy any applicable taxes owed upon conversion), for a period of five (5) years after issuance of such Shares (or until the Participant’s employment with, and services for, the Company and its Subsidiaries terminates, if earlier). The Participant agrees to comply with such policy, and any modifications thereof that may be adopted by the Committee from time to time.]

Stock Retention Policy. The Participant Employee understands that the Committee has adopted a policy that requires the Participant Employee to retain ownership of half (50%) of the Restricted Shares acquired by Participant Employee hereunder (net of the number of Restricted Shares which would need to be sold to satisfy any applicable taxes owed upon conversionvesting), for a period of five (5) years after issuance vesting of such Shares (or until the Participant’s employment with, and services for, the Company and its Subsidiaries terminates, if earlier)Restricted Shares. The Participant Employee agrees to comply with such policy, and any modifications thereof that may be adopted by the Committee from time to time.