Common use of Time Vested Shares Clause in Contracts

Time Vested Shares. (i) 375,000 Restricted Shares will vest on June 30, 2006, if the Grantee remains continuously employed by the Company through that date. (ii) an additional 375,000 Restricted Shares will vest on December 31, 2006, if the Grantee remains continuously employed by the Company through that date; (iii) an additional 375,000 Restricted Shares will vest on June 30, 2007, if the Grantee remains continuously employed by the Company through that date; and (iv) an additional 375,000 Restricted Shares will vest on December 31, 2007, if the Grantee remains continuously employed by the Company through that date.

Time Vested Shares. (i) 375,000 500,000 Restricted Shares will vest on June 30, 2006, if the Grantee remains continuously employed by the Company through that date. (ii) an additional 375,000 500,000 Restricted Shares will vest on December 31, 2006, if the Grantee remains continuously employed by the Company through that date; (iii) an additional 375,000 500,000 Restricted Shares will vest on June 30, 2007, if the Grantee remains continuously employed by the Company through that date; and (iv) an additional 375,000 500,000 Restricted Shares will vest on December 31, 2007, if the Grantee remains continuously employed by the Company through that date.

Time Vested Shares. (i) 375,000 300,000 Restricted Shares will vest on June 3015, 20062008, if the Grantee remains continuously employed by the Company through that date. (ii) an additional 375,000 300,000 Restricted Shares will vest on December 3115, 20062008, if the Grantee remains continuously employed by the Company through that date; (iii) an additional 375,000 300,000 Restricted Shares will vest on June 3015, 20072009, if the Grantee remains continuously employed by the Company through that date; and (iv) an additional 375,000 300,000 Restricted Shares will vest on December 3115, 20072009, if the Grantee remains continuously employed by the Company through that date.