Common use of Time-Based Restricted Stock Units Clause in Contracts

Time-Based Restricted Stock Units. One hundred percent (100%) of the total number of Restricted Stock Units subject to the Award (the “Time-Based Units”) (subject to adjustment as provided in Section 3.3 of the Plan) shall vest ratably in substantially equal annual installments on each of the first four annual anniversaries of the Grant Date. This means that (subject to adjustment as provided in Section 3.3 of the Plan), [____] Restricted Stock Units shall vest on [_____], [____] Restricted Stock Units shall vest on [_____], [____] Restricted Stock Units shall vest on [_____], and [____] Restricted Stock Units shall vest on [_____].

Time-Based Restricted Stock Units. One hundred Fifty percent (10050%) of the total number of Restricted Stock Units subject to the Award (the “Time-Based Units”) (subject to adjustment as provided in Section 3.3 of the Plan) shall vest ratably in substantially equal annual installments on each of the first four annual anniversaries of the Grant Date. This means that (subject to adjustment as provided in Section 3.3 of the Plan), [____] Restricted Stock Units shall vest on [_____], [____] Restricted Stock Units shall vest on [_____], [____] Restricted Stock Units shall vest on [_____], and [____] Restricted Stock Units shall vest on [_____].