Common use of Restricted Stock Clause in Contracts

Restricted Stock. Subject to the terms and conditions provided in this Agreement, the Company hereby grants to the Grantee [insert applicable number] shares of Common Stock (the “Restricted Stock”) as of the Grant Date. The extent to which the Grantee’s rights and interest in the Restricted Stock becomes vested and non-forfeitable shall be determined in accordance with the provisions of Sections 2 and 3 of this Agreement.

Restricted Stock. Subject to the terms and conditions provided in this Agreement, the Company hereby grants to the Grantee [insert applicable number] 50,000 shares of the Common Stock (the “"Restricted Stock”") as of the Grant Date. The extent to which the Grantee’s rights and interest in the Restricted Stock becomes vested and non-forfeitable shall be determined in accordance with the provisions of Sections 2 and 3 of this Agreement.

Restricted Stock. Subject to the terms and conditions provided in this Agreement, the Company hereby grants to the Grantee [insert applicable numberINSERT APPLICABLE NUMBER] shares of Common Stock (the “Restricted Stock”) as of the Grant Date. The extent to which the Grantee’s rights and interest in the Restricted Stock becomes vested and non-forfeitable shall be determined in accordance with the provisions of Sections 2 and 3 of this Agreement.

Restricted Stock. Subject to the terms and conditions provided in this Agreement, the Company hereby grants to the Grantee [insert applicable number] 50,000 shares of Common Stock (the “Restricted Stock”) as of the Grant Date. The extent to which the Grantee’s rights and interest in the Restricted Stock becomes vested and non-forfeitable shall be determined in accordance with the provisions of Sections 2 and 3 of this Agreement.

Restricted Stock. Subject to the terms and conditions provided in this Agreement, the Company hereby grants to the Grantee [insert applicable number] 4,500,000 shares of Common Stock (the “Restricted Stock”) as of the Grant Date. The extent to which the Grantee’s rights and interest in the Restricted Stock becomes vested and non-forfeitable shall be determined in accordance with the provisions of Sections 2 and 3 of this Agreement.

Restricted Stock. Subject to the terms and conditions provided in this Agreement, the Company hereby grants to the Grantee [insert applicable number] 650,000 shares of Common Stock (the “Restricted Stock”) as of the Grant Date. The extent to which the Grantee’s rights and interest in the Restricted Stock becomes vested and non-forfeitable shall be determined in accordance with the provisions of Sections 2 and 3 of this Agreement.

Restricted Stock. Subject to the terms and conditions provided in this AgreementAgreement and the Plan, the Company hereby grants to the Grantee [insert applicable number] ___ shares of Common Stock (the “Restricted Stock”) as of the Grant Date. The extent to which the Grantee’s rights and interest in the Restricted Stock becomes vested and non-forfeitable shall be determined in accordance with the provisions of Sections 2 and 3 of this Agreement.

Restricted Stock. Subject to the terms and conditions provided in this AgreementAgreement and the Plan, the Company hereby grants to the Grantee [insert applicable number] ( ) shares of Common Stock (the “Restricted Stock”) as of the Grant Date. The extent to which the Grantee’s rights and interest in the Restricted Stock becomes vested and non-forfeitable shall be determined in accordance with the provisions of Sections 2 and 3 of this Agreement.

Restricted Stock. Subject to the terms and conditions provided in this AgreementAgreement and the Plan, the Company hereby grants to the Grantee [insert applicable number] shares of Common Stock (the “Restricted Stock”) as of the Grant Date. [NOTE: The Restricted Stock grant also may be subject to approval by the Company’s shareholders.] The extent to which the Grantee’s rights and interest in the Restricted Stock becomes vested and non-forfeitable shall be determined in accordance with the provisions of Sections 2 and 3 of this Agreement.

Restricted Stock. Subject to the terms and conditions provided in this AgreementAgreement and the Plan, the Company hereby grants to the Grantee [insert applicable number] ___shares of Common Stock (the “Restricted Stock”) as of the Grant Date. [NOTE: The Restricted Stock grant also may be subject to approval by the Company’s shareholders.] The extent to which the Grantee’s rights and interest in the Restricted Stock becomes vested and non-forfeitable shall be determined in accordance with the provisions of Sections 2 and 3 of this Agreement.