Common use of Subsequent Allocation Clause in Contracts

Subsequent Allocation. A Plan Share Award shall be allocated to each Non-employee Director one year from the date on which Common Stock is initially sold in the Offering. Specifically, each Non-employee Director shall receive a Plan Share Award for the number of whole shares of Common Stock determined by dividing the remaining number of shares of Common Stock which may be issued pursuant to this Plan by the number of Non-employee Directors at such time. In the event of a forfeiture of the right to any Shares subject to an Award, pursuant to Section 7.01 hereof, such forfeited Shares shall be reallocated one month following such forfeiture to the remaining Non-employee Directors by dividing the number of forfeited shares of Common Stock by the remaining number of Non-employee Directors at such time.