Common use of Equity Compensation Grants Clause in Contracts

Equity Compensation Grants. All equity compensation grants, including, but not limited to, stock options and restricted stock (“Equity Grants”) shall be governed by the terms of an agreement setting forth the terms and conditions of the Equity Grant and the terms of the equity compensation plan of Company pursuant to which such Equity Grants are made to Executive; provided that . notwithstanding any other provision to the contrary contained in any such equity compensation plan, each such agreement shall be deemed to include each of the additional provisions set forth below. The rights provided by this Section 4 shall be in addition to any rights granted to Executive under any such agreement and plan. In the event of an inconsistency or conflict between the provisions of this Section 4 or Section 5 and another agreement or plan of the Company, the provisions of this Section 4 or Section 5, as applicable, shall apply and be given priority.

Equity Compensation Grants. All equity compensation grants, including, but not limited to, stock options and restricted stock (“Equity Grants”) shall be governed by the terms of an agreement setting forth the terms and conditions of the Equity Grant and the terms of the equity compensation plan of Company pursuant to which such Grant. The initial Equity Grants for Executive are made to Executive; provided that set out on Enclosure 2, which is attached hereto and incorporated herein by reference. notwithstanding Notwithstanding any other provision to the contrary contained in any such equity compensation planagreement evidencing any current or future Equity Grant, each such agreement shall be deemed to include each of the additional provisions set forth below. The rights provided by this Section 4 shall be in addition to any rights granted to Executive under any such agreement and planagreement. In the event of an inconsistency or conflict between the provisions of this Section 4 or Section 5 and another agreement or plan of the Company, the provisions of this Section 4 or Section 5, as applicable, shall apply and be given priority.