Common use of Vesting of Stock Clause in Contracts

Vesting of Stock. (a) The Stock covered by this Agreement will become nonforfeitable on the earlier of (i) the date of the Director’s retirement from the Board, or (ii) one year after the grant date. (b) Notwithstanding the provisions of Subsection (a) of this Section, all of the Stock covered by this Agreement will become immediately nonforfeitable upon the occurrence of a change in control (as defined under the Plan).

Vesting of Stock. (a) The Stock covered by this Agreement will become nonforfeitable over a three-year period beginning on the earlier Date of (i) Grant, on the date first, second and third anniversaries of the Director’s retirement from Date of Grant, subject to the Board, or (ii) one year after conditions set forth below and provided that the grant date. (b) Notwithstanding Grantee has remained in the provisions of Subsection (a) of this Section, all continuous employ of the Stock covered by this Agreement will become immediately nonforfeitable upon the occurrence of Company or a change in control (as defined under the Plan).Subsidiary until each such anniversary:

Vesting of Stock. (a) The Stock covered by this Agreement will become nonforfeitable in 50% increments on the earlier of (i) the date six-month and twelve-month anniversaries of the Director’s retirement from Grant Date, provided that the Board, or (ii) one year after Grantee remains in continuous service as a Director of the grant dateCompany through such dates. (b) Notwithstanding the provisions of Subsection (a) of this Section, all of the Stock covered by this Agreement will become immediately nonforfeitable upon the occurrence of a change in control (as defined under the Plan).

Vesting of Stock. (a) The Stock covered by this Agreement will become nonforfeitable over a ___-year period beginning on the earlier Date of (i) Grant, on the date [first and second\first, second and third\ first, second, third and fourth] anniversaries of the Director’s retirement from Date of Grant, subject to the Board, or (ii) one year after conditions set forth below and provided that the grant date. (b) Notwithstanding Grantee has remained in the provisions of Subsection (a) of this Section, all continuous employ of the Stock covered by this Agreement will become immediately nonforfeitable upon the occurrence of Company or a change in control (as defined under the Plan).Subsidiary until each such anniversary: