Common use of Additional Equity Award Clause in Contracts

Additional Equity Award. The Company shall, on January 2, 2018, grant to Executive 50,000 restricted shares of common stock of the Company, with the vesting of the restrictions on such shares being performance-based, with such performance goals to be agreed upon by the Company and Executive. The restricted shares of common stock shall be evidenced by a restricted stock agreement between Executive and the Company. The restricted stock agreement shall provide that immediately prior to the occurrence of a Change in Control or upon the termination of Executive’s employment with the Company due to Executive’s death or disability, the termination of Executive’s employment by the Company without Cause or the voluntary resignation of Executive for Good Reason, the restrictions shall lapse and the shares shall become fully vested. At the option of Executive, Executive may, upon the vesting of any such restricted shares, elect to have the number of shares of common stock of the Company on which the restrictions have lapsed reduced by, or Executive may tender back to the Company, an amount of shares sufficient to satisfy applicable federal, state and local, if any, withholding taxes arising from the vesting of such shares.

Additional Equity Award. The Company shall, on January 2, 2018, grant to Executive 50,000 100,000 restricted shares of common stock of the Company, with the vesting of the restrictions on such shares being performance-based, with such performance goals to be agreed upon by the Company and Executive. The restricted shares of common stock shall be evidenced by a restricted stock agreement between Executive and the Company. The restricted stock agreement shall provide that immediately prior to the occurrence of a Change in Control or upon the termination of Executive’s employment with the Company due to Executive’s death or disability, the termination of Executive’s employment by the Company without Cause or the voluntary resignation of Executive for Good Reason, the restrictions shall lapse and the shares shall become fully vested. At the option of Executive, Executive may, upon the vesting of any such restricted shares, elect to have the number of shares of common stock of the Company on which the restrictions have lapsed reduced by, or Executive may tender back to the Company, an amount of shares sufficient to satisfy applicable federal, state and local, if any, withholding taxes arising from the vesting of such shares.

Additional Equity Award. The Company shall, on January 2, 2018within ten (10) business days following the Effective Date, grant to Executive 50,000 300,000 restricted shares of common stock of the Company, with the vesting of the restrictions on such shares being performance-based, with such performance goals to be agreed upon by the Company and Executive. The restricted shares of common stock shall be evidenced by a restricted stock agreement between Executive and the Company. The restricted stock agreement shall provide that immediately prior to the occurrence of a Change in Control or upon the termination of Executive’s employment with the Company due to Executive’s death or disability, the termination of Executive’s employment by the Company without Cause or the voluntary resignation of Executive for Good Reason, the restrictions shall lapse and the shares shall become fully vested. At the option of Executive, Executive may, upon the vesting of any such restricted shares, elect to have the number of shares of common stock of the Company on which the restrictions have lapsed reduced by, or Executive may tender back to the Company, an amount of shares sufficient to satisfy applicable federal, state and local, if any, withholding taxes arising from the vesting of such shares.