Common use of Restricted Stock Plan Clause in Contracts

Restricted Stock Plan. During the Term, the Executive shall be entitled to participate in the equity plan (the "Restricted Stock Plan") of Parent pursuant to which, on the Effective Date, the Executive shall receive a number of shares of common stock of Parent equal to 1.2500% of the number of shares of common stock of Parent outstanding on the Effective Date, excluding shares issued under the Restricted Stock Plan. Restricted Stock shall vest as to 25% of the shares granted on the Effective Date and each of the first three anniversaries of the Effective Date, but only to the extent the Executive remains continuously employed by the Company through the applicable vesting date.

Restricted Stock Plan. During the Term, the Executive shall be entitled to participate in the equity plan (the "Restricted Stock Plan") of Parent pursuant to which, on the Effective Date, the Executive shall receive a number of shares of common stock of Parent equal to 1.25002.8125% of the number of shares of common stock of Parent outstanding on the Effective Date, excluding shares issued under the Restricted Stock Plan. Restricted Stock shall vest as to 25% of the shares granted on the Effective Date and each of the first three anniversaries of the Effective Date, but only to the extent the Executive remains continuously employed by the Company through the applicable vesting date.

Restricted Stock Plan. During the Term, the Executive shall be entitled to participate in the equity plan (the "Restricted Stock Plan") of Parent pursuant to which, on the Effective Date, the Executive shall receive a number of shares of common stock of Parent equal to 1.25003.4375% of the number of shares of common stock of Parent outstanding on the Effective Date, excluding shares issued under the Restricted Stock Plan. Restricted Stock shall vest as to 25% of the shares granted on the Effective Date and each of the first three anniversaries of the Effective Date, but only to the extent the Executive remains continuously employed by the Company through the applicable vesting date.