Common use of Vesting of Restricted Shares Clause in Contracts

Vesting of Restricted Shares. (a) Subject to Subsection (b) below, 2,000 Restricted Shares shall become earned and vested according to the following schedule: (b) Notwithstanding anything to the contrary in this Section 2, if Participant ceases to be a member of the Board of Directors of the Company prior to the above vesting date for any or no reason, then Participant shall have no further rights with respect to such unvested Restricted Shares, except that (i) if Participant ceases to be a director due to death or Disability, then the Compensation Committee may in its sole discretion cause any unvested Restricted Shares to vest. In addition, upon the occurrence of Change in Control, the Board may in its sole discretion cause any unvested Restricted Shares to vest.

Vesting of Restricted Shares. (a) Subject to Subsection (b) below, 2,000 Restricted Shares shall become earned and vested according to the following schedule:: 2,000 May 21, 2009 (b) Notwithstanding anything to the contrary in this Section 2, if Participant ceases to be a member of the Board of Directors of the Company prior to the above vesting date for any or no reason, then Participant shall have no further rights with respect to such unvested Restricted Shares, except that (i) if Participant ceases to be a director due to death or Disability, then the Compensation Committee may in its sole discretion cause any unvested Restricted Shares to vest. In addition, upon the occurrence of Change in Control, the Board may in its sole discretion cause any unvested Restricted Shares to vest.

Vesting of Restricted Shares. (a) Subject to Subsection (b) below, 2,000 100,000 Restricted Shares shall become earned and vested according to the following schedule:: Portion of 100,000 Restricted Shares that Become Vested and Earned Vesting Date 1/3 July 2, 2008 1/3 July 2, 2009 1/3 July 2, 2010 (b) Notwithstanding anything to the contrary in this Section 2, if Participant ceases to be a member of the Board of Directors no longer is either an officer or director of the Company prior to as of any of the above vesting date for any or no reasondate(s), then Participant shall have no further rights with respect to such unvested Restricted Shares, except that (i) if Participant ceases to be a Participant’s termination as an officer and/or director is due to death or Disability, then the Compensation Committee may in its sole discretion cause any unvested Restricted Shares to vest. In addition, upon the occurrence of Change in Control, the Board may in its sole discretion cause any unvested Restricted Shares to vest.