Common use of Award of Units Clause in Contracts

Award of Units. Pursuant to the Plan, the Company, on , 200 (the “Date of Award”), awarded to the Participant Restricted Stock Units, each Restricted Stock Unit corresponding to one share of the Company’s $0.01 par value Common Stock (this “Award”). Subject to the terms and conditions of the Plan, each Restricted Stock Unit represents an unsecured promise of the Company to deliver, and the right of the Participant to receive, one share of the $0.01 par value common stock of the Company (the “Common Stock”) at the time and on the terms and conditions set forth herein. As a holder of Restricted Stock Units, the Participant has only the rights of a general unsecured creditor of the Company.

Award of Units. Pursuant to the Plan, the Company, on , 200 20 (the “Date of Award”), awarded to the Participant Restricted Stock Units, each Restricted Stock Unit corresponding to one share of the Company’s $0.01 par value Common Stock (this “Award”). Subject to the terms and conditions of the Plan, each Restricted Stock Unit represents an unsecured promise of the Company to deliver, and the right of the Participant to receive, one share of the $0.01 par value common stock of the Company (the “Common Stock”) at the time and on the terms and conditions set forth herein. As a holder of Restricted Stock Units, the Participant has only the rights of a general unsecured creditor of the Company.