Common use of Deferred Stock Grant Clause in Contracts

Deferred Stock Grant. Conditioned upon and in consideration of Executive’s employment through the dates set forth immediately below, and subject to the provisions regarding termination payments in Section 6(g), the following shares of fully vested and transferable stock will be issued to Executive pursuant to the Company’s 2004 Long-Term Incentive under the following schedule: a. 0 shares issued in 2006 & 2007;

Deferred Stock Grant. Conditioned upon and in consideration of Executive’s employment through the dates set forth immediately below, and subject to the provisions regarding termination payments in Section 6(g), unless otherwise indicated, the following shares of fully vested and transferable stock will be issued to Executive pursuant to the Company’s 2004 Long-Term Incentive Plan under the following schedule: a. 0 shares issued in 2006 & 2007;