Common use of Lapse of Forfeiture Restrictions (Vesting) Clause in Contracts

Lapse of Forfeiture Restrictions (Vesting). Provided that the Grantee has continuously served as a Director of the Company from the Date of Grant through the lapse date set forth in the following schedule, the Forfeiture Restrictions shall lapse, and the Restricted Stock Units will vest, with respect to a percentage of the Restricted Stock Units determined in accordance with the following schedule: Lapse (Vesting) Date Percentage of Total Number of RSUs as to Which Forfeiture Restrictions Lapse [TBD] [TBD] Notwithstanding the schedule set forth above, (i) if the Grantee’s service as a Director is terminated by reason of death or Disability or due to an Involuntary Termination, then the Forfeiture Restrictions shall lapse with respect to 100% of the Restricted Stock Units effective as of the date of such termination, and (ii) if a Change in Control occurs and the Grantee has continuously served as a Director of the Company from the Date of Grant to the date upon which such Change in Control occurs, then the Forfeiture Restrictions shall lapse with respect to 100% of the Restricted Stock Units on the date upon which such Change in Control occurs. Any Restricted Stock Units with respect to which the Forfeiture Restrictions do not lapse in accordance with the preceding provisions of this Section 3(b) (and any associated unvested Dividend Equivalents) shall be forfeited to the Company for no consideration as of the date of the termination of the Grantee’s service as a Director.

Lapse of Forfeiture Restrictions (Vesting). Provided that the Grantee Employee has been continuously served as a Director of employed by the Company from the Date of Grant through the lapse date date(s) set forth in the following scheduleon Exhibit A hereto, the Forfeiture Restrictions shall lapse, and the Restricted Stock Units will vest, with respect to a percentage the numbers of the Restricted Stock Units determined in accordance with the following schedule: Lapse (Vesting) Date Percentage of Total Number of RSUs as to Which Forfeiture Restrictions Lapse [TBD] [TBD] schedule set forth on Exhibit A hereto. Notwithstanding the schedule set forth aboveon Exhibit A, (i) if the GranteeEmployee’s service as a Director employment with the Company is terminated by reason of death or Disability or due Disability, then the Forfeiture Restrictions shall lapse with respect to an Involuntary Termination100% of the Restricted Stock Units effective as of the date of such termination, (ii) if the Employee’s employment with the Company is terminated by the Company without Cause prior to the first anniversary of the Date of Grant then the Forfeiture Restrictions shall lapse with respect to 100% of the Restricted Stock Units effective as of the date of such termination, and (iiiii) if a Change in Control occurs and the Grantee Employee has remained continuously served as a Director of employed by the Company from the Date of Grant to the date upon which such Change in Control occurs, then the Forfeiture Restrictions shall lapse with respect to 100% of the Restricted Stock Units on the date upon which such Change in Control occurs. Any Restricted Stock Units with respect to which the Forfeiture Restrictions do not lapse in accordance with the preceding provisions of this Section 3(b) (and any associated unvested Dividend Equivalentsdividend equivalents) shall be forfeited to the Company for no consideration as of the date of the termination of the GranteeEmployee’s service as a Directoremployment with the Company.

Lapse of Forfeiture Restrictions (Vesting). Provided that the Grantee Employee has been continuously served as a Director of employed by the Company from the Date of Grant through the lapse date set forth in the following schedule, the Forfeiture Restrictions shall lapse, and the Restricted Stock Units will vest, with respect to a percentage of the Restricted Stock Units determined in accordance with the following schedule: Lapse (Vesting) Date Percentage of Total Number of RSUs as to Which Forfeiture Restrictions Lapse [TBD] [TBD[ % ] Notwithstanding the schedule set forth above, (i) if the GranteeEmployee’s service as a Director employment with the Company is terminated by reason of death or Disability or due to an Involuntary TerminationDisability, then the Forfeiture Restrictions shall lapse with respect to 100% of the Restricted Stock Units effective as of the date of such termination, and (ii) if a Change in Control occurs and the Grantee Employee has remained continuously served as a Director of employed by the Company from the Date of Grant to the date upon which such Change in Control occurs, then the Forfeiture Restrictions shall lapse with respect to 100% of the Restricted Stock Units on the date upon which such Change in Control occurs. Any Restricted Stock Units with respect to which the Forfeiture Restrictions do not lapse in accordance with the preceding provisions of this Section 3(b) (and any associated unvested Dividend Equivalentsdividend equivalents) shall be forfeited to the Company for no consideration as of the date of the termination of the GranteeEmployee’s service as a Directoremployment with the Company.

Lapse of Forfeiture Restrictions (Vesting). Provided that the Grantee has continuously served as a Director of the Company from the Date of Grant through the lapse date set forth in the following schedule, the Forfeiture Restrictions shall lapse, and the Restricted Stock Units will vest, with respect to a percentage of the Restricted Stock Units determined in accordance with the following schedule: Lapse (Vesting) Date Percentage of Total Number of RSUs as to Which Forfeiture Restrictions Lapse [TBD] [TBD[ %] Notwithstanding the schedule set forth above, (i) if the Grantee’s service as a Director is terminated by reason of death or Disability or due to an Involuntary TerminationTermination or the Grantee’s Retirement, then the Forfeiture Restrictions shall lapse with respect to 100% of the Restricted Stock Units effective as of the date of such terminationtermination (subject, in the case of a termination of the Grantee’s service due to his Retirement, to the Grantee refraining from future service as a director of any competitor of the Company for the period ending on the last lapse date that would have otherwise applied under the schedule set forth above), and (ii) if a Change in Control occurs and the Grantee has continuously served as a Director of the Company from the Date of Grant to the date upon which such Change in Control occurs, then the Forfeiture Restrictions shall lapse with respect to 100% of the Restricted Stock Units on the date upon which such Change in Control occurs. Any Restricted Stock Units with respect to which the Forfeiture Restrictions do not lapse in accordance with the preceding provisions of this Section 3(b) (and any associated unvested Dividend Equivalents) shall be forfeited to the Company for no consideration as of the date of the termination of the Grantee’s service as a Director.