Common use of Time-Based Restricted Stock Clause in Contracts

Time-Based Restricted Stock. Executive will be granted shares of restricted stock (the “T-B Restricted Stock”) under the Company’s 2022 Long-Term Incentive Plan (the “LTIP”) as follows: on August 1, 2022 (if the Executive remains actively employed as of such date), a number of shares equal to $2,100,000 divided by the closing price of the Company’s stock on such date. This grant of T-B Restricted Stock will vest in three (3) equal annual installments commencing on the first anniversary of each date of grant. In other words, the 2022 grant of T-B Restricted Stock will vest in 2023, 2024 and 2025. Each grant of T-B Restricted Stock will be subject to the terms of a Restricted Stock Agreement to be entered into between the Company and Executive to evidence this grant. Executive shall be entitled to vote all vested and unvested shares of T-B Restricted Stock and to the extent allowed by the LTIP, receive all dividends paid thereon, until and unless such time as such shares of T-B Restricted Stock are forfeited in accordance with the terms of the Restricted Stock Agreement evidencing such grant. X.

Time-Based Restricted Stock. Executive will be granted shares of restricted stock (the “T-B Restricted Stock”) under the Company’s 2022 Long-Term Incentive Plan (the “LTIP”) as follows: on August 1, 2022 (if the Executive remains actively employed as of such date), a number of shares equal to $2,100,000 1,085,000 divided by the closing price of the Company’s stock on such date. This grant of T-B Restricted Stock will vest in three (3) equal annual installments commencing on the first anniversary of each date of grant. In other words, the 2022 grant of T-B Restricted Stock will vest in 2023, 2024 and 2025. Each grant of T-B Restricted Stock will be subject to the terms of a Restricted Stock Agreement to be entered into between the Company and Executive to evidence this grant. Executive shall be entitled to vote all vested and unvested shares of T-B Restricted Stock and to the extent allowed by the LTIP, receive all dividends paid thereon, until and unless such time as such shares of T-B Restricted Stock are forfeited in accordance with the terms of the Restricted Stock Agreement evidencing such grant. X.

Time-Based Restricted Stock. Executive will be granted shares of restricted stock (the “T-B Restricted Stock”) under the Company’s 2022 Long2022Long-Term Incentive Plan (the “LTIP”) as follows: on August 1, 2022 (if the Executive remains actively employed as of such date), a number of shares equal to $2,100,000 960,000 divided by the closing price of the Company’s stock on such date. This grant of T-B Restricted Stock will vest in three (3) equal annual installments commencing on the first anniversary of each date of grant. In other words, the 2022 grant of T-T- B Restricted Stock will vest in 2023, 2024 and 2025. Each grant of T-B Restricted Stock will be subject to the terms of a Restricted Stock Agreement to be entered into between the Company and Executive to evidence this grant. Executive shall be entitled to vote all vested and unvested shares of T-B Restricted Stock and to the extent allowed by the LTIP, receive all dividends paid thereon, until and unless such time as such shares of T-B Restricted Stock are forfeited in accordance with the terms of the Restricted Stock Agreement evidencing such grant. X.

Time-Based Restricted Stock. Executive will be granted shares of restricted stock (the “T-B Restricted Stock”) under the Company’s 2022 Long-Term Incentive Plan (the “LTIP”) as follows: on August 1, 2022 (if the Executive remains actively employed as of such date), a number of shares equal to $2,100,000 1,975,000 divided by the closing price of the Company’s stock on such date. This grant of T-B Restricted Stock will vest in three (3) equal annual installments commencing on the first anniversary of each date of grant. In other words, the 2022 grant of T-B Restricted Stock will vest in 2023, 2024 and 2025. Each grant of T-B Restricted Stock will be subject to the terms of a Restricted Stock Agreement to be entered into between the Company and Executive to evidence this grant. Executive shall be entitled to vote all vested and unvested shares of T-B Restricted Stock and to the extent allowed by the LTIP, receive all dividends paid thereon, until and unless such time as such shares of T-B Restricted Stock are forfeited in accordance with the terms of the Restricted Stock Agreement evidencing such grant. X.