Common use of Grant of Deferred Shares Clause in Contracts

Grant of Deferred Shares. Subject to, and upon the terms, conditions and restrictions set forth in this Agreement and in the Company’s 2014 Omnibus Equity and Incentive Compensation Plan (amended and restated effective May 25, 2023) (the “Plan”), the Company hereby memorializes a grant to the Grantee as of the Date of Grant of the right to receive 6,570 shares of Common Stock (hereinafter in this Agreement “Deferred Shares”). The Deferred Shares shall be fully paid and nonassessable and shall be represented by a certificate registered in the name of the Grantee and issued at the time of delivery provided below.

Grant of Deferred Shares. Subject to, and upon the terms, conditions and restrictions set forth in this Agreement and in the Company’s 2014 Omnibus Equity and Incentive Compensation Plan (amended and restated effective May 25, 2023) (the “Plan”), the Company hereby memorializes a grant to the Grantee as of the Date of Grant of the right to receive 6,570 9,350 shares of Common Stock (hereinafter in this Agreement “Deferred Shares”). The Deferred Shares shall be fully paid and nonassessable and shall be represented by a certificate registered in the name of the Grantee and issued at the time of delivery provided below.