Common use of Vesting and Lapse of Restrictions Clause in Contracts

Vesting and Lapse of Restrictions. Subject to Sections 5 and 6 hereof, provided that the Grantee continues to serve as an employee of the Company or any of its Subsidiaries, the Restrictions on the Shares of Restricted Stock shall lapse and the Restricted Stock granted hereunder shall fully vest on the third anniversary of the Grant Date (such date, the “Vesting Date”).

Vesting and Lapse of Restrictions. Subject to Sections Section 5 and 6 hereofSection 6, provided that the Grantee continues to serve as an employee of the Company or any of its Subsidiariessubsidiaries, the Restrictions on the Shares shares of Restricted Stock shall lapse and shares of the Restricted Stock granted hereunder shall fully vest on the third anniversary of the Grant Date (such date, the “"Vesting Date”").

Vesting and Lapse of Restrictions. Subject to Sections 5 and 6 hereofSection 5, provided that the Grantee continues to serve as an employee a director of the Company or any of its Subsidiaries, the Restrictions on the Shares of Restricted Stock shall lapse and the Restricted Stock granted hereunder shall fully vest on the third anniversary of the Grant Date (such date, the “"Vesting Date”").

Vesting and Lapse of Restrictions. Subject to Sections Section 5 and 6 hereofSection 6, provided that the Grantee continues to serve as an employee of the Company or any of its Subsidiaries, the Restrictions on the Shares of Restricted Stock shall lapse and the Shares of Restricted Stock granted hereunder shall fully vest on the third anniversary of the Grant Date (such date, the “"Vesting Date”").