Common use of Initial Restricted Stock Unit Grant Clause in Contracts

Initial Restricted Stock Unit Grant. It will be recommended at the Meeting that you be granted restricted stock units (the “Initial RSU”) for 75,000 shares of the Company’s common stock (the “Initial RSU Shares”). It will be recommended that the Initial RSU Shares shall vest as follows: one quarter (1/4) of the Initial RSU Shares shall vest on the first anniversary of the date that Executive begins performing services as Executive V.P. and Chief Medical Officer, and one quarter (1/4) of the Initial RSU Shares shall vest each yearly anniversary thereafter until all such Initial RSU Shares have vested, based on Executive’s continued status as a service provider to the Company on each such date.

Initial Restricted Stock Unit Grant. It will be recommended at the Meeting that you be granted restricted stock units (the “Initial RSU”) for 75,000 100,000 shares of the Company’s common stock (the “Initial RSU Shares”). It will be recommended that the Initial RSU Shares shall vest as follows: one quarter (1/4) of the Initial RSU Shares shall vest on the first anniversary of the date that Executive begins performing services as Executive V.P. President and Chief Medical Executive Officer, and one quarter (1/4) of the Initial RSU Shares shall vest each yearly anniversary thereafter until all such Initial RSU Shares have vested, based on Executive’s continued status as a service provider to the Company on each such date. If the Board fails to approve the recommended Initial RSU in an amount equal to or greater, as provided in this Subsection, then this action shall constitute Termination for Good Reason as provided in this Agreement.