Common use of Vesting of Restricted Shares Clause in Contracts

Vesting of Restricted Shares. (a) Except as otherwise provided in this Agreement, the Restricted Shares shall vest, and the restrictions applicable thereto shall lapse, in accordance with the vesting schedule attached hereto (the “Vesting Schedule”), provided the Grantee has been employed continuously by the Company from the Grant Date through the “Vesting Date” specified in the Vesting Schedule. The number of Restricted Shares that shall vest on each Vesting Date shall be equal to the number of total Restricted Shares granted hereunder multiplied by the applicable “Vesting Percentage” set forth in the Vesting Schedule. The Restricted Shares shall be fully vested, and this Agreement and the restrictions hereunder applicable to the Restricted Shares shall terminate, on the last Vesting Date set forth in the Vesting Schedule (the “Expiration Date”). (b) Restricted Shares that have become vested in accordance with the Vesting Schedule are referred to herein as “Vested Shares”. Restricted Shares that have not become vested in accordance with the Vesting Schedule are referred to herein as “Unvested Shares”. (c) Notwithstanding the Vesting Schedule, any and all Unvested Shares shall become Vested Shares in the event of the Grantee’s death or Disability (as defined below). (d) After any Restricted Shares become Vested Shares, the restrictions thereon as set forth in Section 3, shall lapse, and the Grantee may Transfer (as defined below) any of the Vested Shares in his discretion.

Vesting of Restricted Shares. (a) Except as otherwise provided in this Agreement, the Restricted Shares shall vest, and the restrictions applicable thereto shall lapse, in accordance with the vesting schedule contained in the attached hereto Notice of Restricted Stock Grant (the “Vesting Schedule”), provided the Grantee has been remains continuously employed continuously by or in the service of the Company from the Grant Date through the “Vesting Date” specified in the Vesting Schedule. The number of Restricted Shares that shall vest on each Vesting Date shall be equal to the number of total Restricted Shares granted hereunder multiplied by the applicable “Vesting Percentage” set forth in the Vesting Schedule. The Restricted Shares shall be fully vested, and this Agreement and the restrictions hereunder applicable to the Restricted Shares shall terminate, on the last Vesting Date set forth in the Vesting Schedule (the “Expiration Date”)Schedule. (b) Restricted Shares that have become vested in accordance with the Vesting Schedule are referred to herein as “Vested Shares”. Restricted Shares that have not become vested in accordance with the Vesting Schedule are referred to herein as “Unvested Shares”. (c) Notwithstanding the Vesting Schedule, any and all Unvested Shares shall become Vested Shares in the event of the Grantee’s employment with or service to the Company terminates due to the Grantee’s death or Disability (as defined below). (d) After any Restricted Shares become Vested Shares, the restrictions thereon as set forth in Section 3, 3 shall lapse, and the Grantee may Transfer (as defined below) any of the Vested Shares in his the Grantee’s discretion.

Vesting of Restricted Shares. (a) Except as otherwise provided in this Agreement, the Restricted Shares shall vest, and the restrictions applicable thereto shall lapse, in accordance with the vesting schedule attached hereto set forth on the Signature Page (the “"Vesting Schedule”"), provided the Grantee has been employed continuously by the Company from the Grant Date through the “"Vesting Date” " specified in the Vesting Schedule. The number of Restricted Shares that shall vest on each Vesting Date shall be equal to the number of total Restricted Shares granted hereunder multiplied by the applicable “"Vesting Percentage” " set forth in the Vesting Schedule. The Restricted Shares shall be fully vested, and this Agreement and the restrictions hereunder applicable to the Restricted Shares shall terminate, on the last Vesting Date set forth in the Vesting Schedule (the “"Expiration Date”"). (b) Restricted Shares that have become vested in accordance with the Vesting Schedule are referred to herein as “"Vested Shares”". Restricted Shares that have not become vested in accordance with the Vesting Schedule are referred to herein as “"Unvested Shares”". (c) Notwithstanding the Vesting Schedule, any and all Unvested Shares shall become Vested Shares in the event of the Grantee’s 's death or Disability (as defined below). (d) After any Restricted Shares become Vested Shares, the restrictions thereon as set forth in Section 3, shall lapse, and the Grantee may Transfer (as defined below) any of the Vested Shares in his discretion.

Vesting of Restricted Shares. (a) Except as otherwise provided in this AgreementSubject to Section 4, below, the Restricted Shares shall vest, restrictions and the restrictions applicable thereto shall lapse, conditions in accordance with Section 2 of this Agreement lapse on the vesting schedule attached hereto (the “Vesting Schedule”), provided the Grantee has been employed continuously by the Company from the Grant Date through the “Vesting Date” date or dates specified in the Vesting Schedulefollowing schedule so long as the Grantee remains an employee of the Company or a Subsidiary or any affiliate of the Company on such dates. The If a series of vesting dates is specified, then the restrictions and conditions in Section 2 lapse only with respect to the number of Restricted Shares that specified as vested on such date. (50 %) 12/28/2012 (100 %) 12/28/2013 Subsequent to such vesting date or dates, the Shares on which all restrictions and conditions have lapsed are no longer deemed Restricted Shares. The Administrator may at any time accelerate the vesting schedule specified in this Section 3. For clarity, vesting shall vest be credited on a pro rata basis on each Vesting Date shall be equal vesting date between the Escrow Shares and the Shares that are not subject to the number of total Restricted Shares granted hereunder multiplied by the applicable “Vesting Percentage” set forth in the Vesting Schedule. The Restricted Shares shall be fully vested, and this Agreement and the restrictions hereunder applicable to the Restricted Shares shall terminate, on the last Vesting Date set forth in the Vesting Schedule (the “Expiration Date”)Escrow. (b) Restricted Notwithstanding anything to the contrary herein, the Escrow Shares that have become vested in accordance with may remain subject to the Vesting Schedule are referred to herein as “Vested Shares”. Restricted Shares that have not become vested in accordance with restrictions and the Vesting Schedule are referred to herein as “Unvested Shares”. (c) Notwithstanding the Vesting Schedule, any and all Unvested Shares shall become Vested Shares Company’s rights set forth in the event Escrow Agreement after the Escrow Shares vest under Sections 3 or 4 of this Agreement, and this Agreement does not supersede the Escrow Agreement with respect to the Escrow Shares. The Grantee shall not sell, assign, transfer, pledge or otherwise encumber or dispose of the Grantee’s death or Disability (as defined below). (d) After any Restricted Escrow Shares become Vested Shares, prior to their release from the restrictions thereon of the Escrow Agreement, and the book entries for the Escrow Shares may contain appropriate restrictions, as determined by the Company in its sole discretion, to the effect that such Shares are subject to restrictions as set forth in Section 3, shall lapse, and the Grantee may Transfer (as defined below) any of the Vested Shares in his discretionEscrow Agreement.

Vesting of Restricted Shares. (a) Except as otherwise provided in this Agreement, the Restricted Shares shall vest, and the restrictions applicable thereto shall lapse, in accordance with the vesting schedule contained in the attached hereto Notice of Restricted Stock Grant (the “Vesting Schedule”), provided the Grantee has been remains continuously employed continuously by or in the service of the Company from the Grant Date through the “Vesting Date” specified in the Vesting Schedule. The number of Restricted Shares that shall vest on each Vesting Date shall be equal to the number of total Restricted Shares granted hereunder multiplied by the applicable “Vesting Percentage” set forth in the Vesting Schedule. The Restricted Shares shall be fully vested, and this Agreement and the restrictions hereunder applicable to the Restricted Shares shall terminate, on the last Vesting Date set forth in the Vesting Schedule (the “Expiration Date”)Schedule. (b) Restricted Shares that have become vested in accordance with the Vesting Schedule are referred to herein as “Vested Shares”. Restricted Shares that have not become vested in accordance with the Vesting Schedule are referred to herein as “Unvested Shares”. (c) Notwithstanding the Vesting Schedule, any and all Unvested Shares shall become Vested Shares in the event of the Grantee’s death or Disability (as defined below). (d) After any Restricted Shares become Vested Shares, the restrictions thereon as set forth in Section 3, 3 shall lapse, and the Grantee may Transfer (as defined below) any of the Vested Shares in his the Grantee’s discretion.