Common use of Transfer Restrictions and Restriction Period Clause in Contracts

Transfer Restrictions and Restriction Period. a. During the period commencing on the Grant Date and ending on October 1, 2024 (the “Restriction Period”), any unvested Restricted Shares may not be sold, assigned, transferred, pledged or otherwise encumbered by the Grantee, except by will or the laws of descent and distribution in the event of the Grantee’s death, pursuant to a qualified domestic relations order as defined in the Code or the rules thereunder, or as provided in this Agreement. Except as otherwise provided in the Plan or this Agreement or as determined by the Committee in its discretion in accordance with Section 6(b) of the Plan, provided that the Grantee maintains Continuous Service during the Restriction Period, and the required performance criteria set forth in Section 2.b. of this Agreement are satisfied, the Restricted Shares shall vest and become transferable in accordance with the following schedule (provided that any fractional shares resulting from application of the following schedule will be reduced to the nearest whole share and released from the restrictions hereunder only upon such fractional share becoming a whole share under the terms of this Agreement): Vesting Date Number of Restricted Shares that Vest October 1, 2017 11,145 October 1, 2018 11,145 October 1, 2019 11,145 October 1, 2020 11,145 October 1, 2021 11,144 October 1, 2022 11,144 October 1, 2023 11,144 October 1, 2024 11,144

Transfer Restrictions and Restriction Period. a. During the period commencing on the Grant Date and ending on October 1, 2024 (the “Restriction Period”), any unvested Restricted Shares may not be sold, assigned, transferred, pledged or otherwise encumbered by the Grantee, except by will or the laws of descent and distribution in the event of the Grantee’s death, pursuant to a qualified domestic relations order as defined in the Code or the rules thereunder, or as provided in this Agreement. Except as otherwise provided in the Plan or this Agreement or as determined by the Committee in its discretion in accordance with Section 6(b) of the Plan, provided that the Grantee maintains Continuous Service during the Restriction Period, and the required performance criteria set forth in Section 2.b. of this Agreement are satisfied, the Restricted Shares shall vest and become transferable in accordance with the following schedule (provided that any fractional shares resulting from application of the following schedule will be reduced to the nearest whole share and released from the restrictions hereunder only upon such fractional share becoming a whole share under the terms of this Agreement): Vesting Date Number of Restricted Shares that Vest October 1, 2017 11,145 7,500 October 1, 2018 11,145 7,500 October 1, 2019 11,145 7,500 October 1, 2020 11,145 7,500 October 1, 2021 11,144 7,500 October 1, 2022 11,144 7,500 October 1, 2023 11,144 7,500 October 1, 2024 11,1447,500