Common use of Vesting of the Award Clause in Contracts

Vesting of the Award. Except as otherwise provided in Section 3 and Section 5 below, the Restricted Stock Units will vest on the first anniversary of the Grant Date (the “Vesting Date”), as long as the Grantee is serving as an employee of the Company on the Vesting Date. The Company shall issue one share of Stock (in the aggregate, such shares, the “Distributed Shares”) to the Grantee in settlement of each vested Restricted Stock Unit at the time the Restricted Stock Unit vests pursuant to any provision of this Agreement. The Distributed Shares shall be represented by a certificate or by a book-entry.

Vesting of the Award. Except as otherwise provided in Section 3 and Section 5 below, the Restricted Stock Units will vest on the first anniversary of the Grant Date (the “"Vesting Date”"), as long as the Grantee Director is serving as an employee a director of the Company on the Vesting Date. The Company shall issue one share of the Stock to the Director for each vested Restricted Stock Unit (in the aggregate, such shares, the “Distributed Shares”) to the Grantee in settlement of each vested Restricted Stock Unit at the time the Restricted Stock Unit vests pursuant to any provision of this Agreement. The Distributed Shares shall be represented by a certificate or by a book-entry.

Vesting of the Award. Except as otherwise provided in Section 3 and Section 5 below, the Restricted Stock Units will vest on the earlier to occur of (i) the first anniversary of the Grant Date, and (ii) the first annual meeting of the stockholders of the Company that occurs after the Grant Date (such earlier date, the “"Vesting Date”"), as long as the Grantee Director is serving as an employee a director of the Company on the Vesting Date. The Company shall issue one share of the Stock to the Director for each vested Restricted Stock Unit (in the aggregate, such shares, the “Distributed Shares”) to the Grantee in settlement of each vested Restricted Stock Unit at the time the Restricted Stock Unit vests pursuant to any provision of this Agreementvests. The Distributed Shares shall be represented by a certificate or by a book-entry.