Common use of Release of Shares Clause in Contracts

Release of Shares. As soon as practicable following the Grantee’s Termination of Employment or, if earlier, the end of the Restricted Period, the Grantee will receive a stock certificate without the legend described in Section 5 representing the Vested Portion of the Grantee’s Restricted Stock. in determining the Vested Portion, partial shares shall be forfeited and the Grantee shall not be entitled to any compensation for the cancellation of such partial shares. The Vested Portion shall be computed by multiplying the Grantee’s number of shares of Common Stock awarded as Restricted Stock by the applicable vesting percentage contained in Section 4 above. The Restricted Period shall end on the date the Grantee becomes 100% vested in the Restricted Stock

Release of Shares. As soon as practicable following the Grantee’s 's Termination of Employment or, if earlier, the end of the Restricted Period, the Grantee will receive a stock certificate without the legend described in Section paragraph 5 representing the Vested Portion of the Grantee’s 's Restricted Stock. in In determining the Vested Portion, partial shares shall be forfeited and the Grantee shall not be entitled to any compensation for the cancellation of such partial shares. The Vested Portion shall be computed by multiplying the Grantee’s 's number of shares of Common Stock awarded as Restricted Stock by the applicable vesting percentage contained in Section paragraph 4 above. The Restricted Period shall end on the date the Grantee becomes 100% vested in the Restricted Stock.