Common use of General Compensation and Benefits Rules and Guidelines Clause in Contracts

General Compensation and Benefits Rules and Guidelines. (a) All Long Term Shares shall be issued under, and in accordance with, IRC’s 2005 Equity Award Plan (the “2005 Equity Award Plan”); to the extent the terms of any Long Term Shares granted pursuant to this Agreement conflict with the terms of the 2005 Equity Award Plan, the terms of the 2005 Equity Award Plan shall apply to the minimum extent necessary to eliminate the conflict. Executive shall be the record owner of any Long Term Shares granted hereunder; provided that any Long Term Shares that have not yet vested shall be forfeited and redeemed by the Company, without any further action on the part of the Company or the Executive, if Executive is no longer employed by the Company for any reason, other than in connection with a termination as expressly provided for in Section 3.3 hereof, Executive may not sell, transfer, hypothecate, pledge or assign any Long Term Shares which have not vested.

General Compensation and Benefits Rules and Guidelines. (a) All Long Term Restricted Shares shall be issued under, and in accordance with, IRC’s 2005 Equity Award Plan (the “2005 Equity Award Plan”); to the extent the terms of any Long Term Restricted Shares granted pursuant to this Agreement conflict with the terms of the 2005 Equity Award Plan, the terms of the 2005 Equity Award Plan shall apply to the minimum extent necessary to eliminate the conflict. Executive shall be the record owner of any Long Term Restricted Shares granted hereunder; provided that any Long Term Restricted Shares that have not yet vested shall be forfeited and redeemed by the Company, without any further action on the part of the Company or the Executive, if Executive is no longer employed by the Company for any reason, other than in connection with a termination as expressly provided for in Section 3.3 hereof, Executive may not sell, transfer, hypothecate, pledge or assign any Long Term Restricted Shares which have not vested.