Common use of Vesting and Lapse of Restrictions Clause in Contracts

Vesting and Lapse of Restrictions. Subject to Sections 3(a) and 3(c), the Award shall vest and Restrictions shall lapse with respect to 1/3 of the Shares subject to the Award (rounded down to the next whole number of shares) on each of the first three anniversaries of the Award Date, provided in each case that the Participant remains continuously in the service of the Company as an Outside Director from the Award Date through such date.

Vesting and Lapse of Restrictions. Subject to Sections 3(a) and 3(c), the Award shall vest and Restrictions shall lapse with respect to 1/3 100% of the Shares subject to the Award (rounded down to the next whole number of shares) on each of the first three anniversaries of the Award DateJanuary ___, _____, provided in each case that the Participant remains continuously employed in the active service of by the Company as an Outside Director from the Award Date through such date.

Vesting and Lapse of Restrictions. Subject to Sections 3(a) and 3(c), the Award shall vest and Restrictions shall lapse with respect to 1/3 100% of the Shares subject to the Award (rounded down to the next whole number of shares) on each of the first three anniversaries of the Award DateJanuary 30, 2010, provided in each case that the Participant remains continuously employed in the active service of by the Company as an Outside Director from the Award Date through such date.

Vesting and Lapse of Restrictions. Subject to Sections 3(a) and 3(c), the Award shall vest and Restrictions shall lapse (i) with respect to 1/3 50% of the Shares subject to the Award (rounded down to the next whole number of shares) on each January 31, 2009, and (ii) with respect to 50% of the first three anniversaries of Shares subject to the Award Date(rounded up to the next whole number of shares) on January ___, _____, provided in each case that the Participant remains continuously employed in the active service of by the Company as an Outside Director from the Award Date through such date.

Vesting and Lapse of Restrictions. Subject to Sections 3(a) and 3(c), the Award shall vest and Restrictions shall lapse (i) with respect to 1/3 50% of the Shares subject to the Award (rounded down to the next whole number of shares) on each February 3, 2007, and (ii) with respect to 50% of the first three anniversaries of Shares subject to the Award Date(rounded up to the next whole number of shares) on February 2, 2008, provided in each case that the Participant remains continuously employed in the active service of by the Company as an Outside Director from the Award Date through such date.