Common use of Grant of the Award Clause in Contracts

Grant of the Award. Subject to the provisions of this Award Agreement and the Plan, the Company hereby grants to the Participant, an aggregate of ________________ RSUs, subject to adjustment as set forth in the Plan. Seventy-five percent (75%) of the RSUs shall be subject to time-based vesting (“Time-Based RSUs”) and twenty-five percent (25%) of the RSUs shall be subject to performance-based vesting (“Performance-Based RSUs”). Each RSU gives the Participant the unsecured right to receive, subject to the terms and conditions of the Plan and this Award Agreement, one share of Common Stock. The Participant shall not be required to pay any additional consideration for the issuance of the shares of Common Stock upon settlement of the RSUs.

Grant of the Award. Subject to the provisions of this Award Agreement and the Plan, the Company hereby grants to the Participant, an aggregate of ________________ restricted stock units (the “RSUs”) each entitling the Participant to receive one share of Company common stock (the “Shares”), subject to adjustment as set forth in the Plan. Seventy-five percent (75%) of the RSUs shall be subject to time-based vesting (the “Time-Based RSUs”) and twenty-five percent (25%) of the RSUs shall be subject to performance-based vesting (the “Performance-Based RSUs”). Each RSU gives the Participant the unsecured right to receive, subject to the terms and conditions of the Plan and this Award Agreement, one share of Common Stock. The Participant shall not be required to pay any additional consideration for the issuance of the shares of Common Stock upon settlement of the RSUs.