Common use of Vesting and Lapse of Restrictions Clause in Contracts

Vesting and Lapse of Restrictions. (a) All shares of Restricted Stock subject to this Award shall vest in full (and all restrictions thereon shall lapse) on the first anniversary of the Award Date, provided the Participant is a Director on such anniversary. (b) All shares of Restricted Stock (and any substitute security and cash component distributed in connection with a Change of Control) subject to this Award shall vest in full (and all restrictions thereon shall lapse), irrespective of the provision set forth in subparagraph (a) above, provided that the Participant has been in continuous service as a Director since the Award Date, upon the earlier to occur of: (i) the Participant’s death; or (ii) a Change of Control. (c) For purposes of this Agreement:

Vesting and Lapse of Restrictions. (a) All shares of Restricted Stock subject to this Award shall vest in full (and all restrictions thereon shall lapse) on the first anniversary of the Award Date, provided the Participant is a continuously providing service as Director on through such anniversarydate. (b) All shares of Restricted Stock (and any substitute security and cash component distributed in connection with a Change of Control) subject to this Award shall vest in full (and all restrictions thereon shall lapse), irrespective of the provision set forth in subparagraph (a) above, provided that the Participant has been in continuous service as a Director since the Award Date, upon the earlier to occur of: (i) the Participant’s deathtermination of service due to death or Disability; or (ii) a Change of Control. (c) For purposes of this Agreement:

Vesting and Lapse of Restrictions. (a) All shares of Restricted Stock subject to this Award shall vest in full (and all restrictions thereon shall lapse) on the first anniversary of the Award Date, provided the Participant is a continuously providing service as Director on through such anniversarydate. (b) All shares of Restricted Stock (and any substitute security and cash component distributed in connection with a Change of Control) subject to this Award shall vest in full (and all restrictions thereon shall lapse), irrespective of the provision set forth in subparagraph (a) above, provided that the Participant has been in continuous service as a Director since the Award Date, upon the earlier to occur of: (i) the Participant’s death; or (ii) a Change of Control. (c) For purposes of this Agreement:

Vesting and Lapse of Restrictions. (a) All shares of Restricted Stock subject to this Award shall vest in full (and all restrictions thereon shall lapse) on the first anniversary of the Award Date, provided the Participant is a continuously providing service as Director on through such anniversarydate. (b) All shares of Restricted Stock (and any substitute security and cash component distributed in connection with a Change of Control) subject to this Award shall vest in full (and all restrictions thereon shall lapse), irrespective of the provision set forth in subparagraph (a) above, provided that the Participant has been in continuous service as a Director since the Award Date, upon the earlier to occur of: (i) the Participant’s death; or (ii) the Participant’s retirement from his position as a Director of the Company, provided that such retirement is not before the date of the election of Class I members of the Board at the 2017 annual meeting of shareholders of the Company; or (iii) a Change of Control. (c) For purposes of this Agreement: