Common use of Grant of Deferred Stock Clause in Contracts

Grant of Deferred Stock. (a) Subject to the terms and conditions set forth herein and in the Plan, the Company hereby grants (“Grant”) to Grantee, as of [Date] (the “Date of Grant”), the right to receive from the Company shares of the common stock, par value $.0001 per share, of the Company (the “Deferred Stock”). The Deferred Stock may not be transferred by Grantee or subjected to any security interest until the restrictions have lapsed in accordance with the terms of the Plan and these terms and conditions. (b) This Grant shall become null and void unless Grantee shall accept these terms and conditions by executing this Agreement below and returning it to Finance within thirty (30) days of the date hereof. By accepting the Grant, Grantee agrees to be bound by the terms of the Plan and this Agreement and further agrees that all of the decisions and determinations of the Committee (as defined in the Plan) with respect to the Deferred Stock shall be final and binding. The Company will not issue certificates for any portion of the Deferred Stock until all of the restrictions on that portion of the Deferred Stock have lapsed.

Grant of Deferred Stock. (a) Subject to the terms and conditions set forth herein and in the Plan, the Company hereby grants (“Grant”) to Grantee, as of [Date] September 9, 2010 (the “Date of Grant”), the right to receive from the Company shares of the common stock, par value $.0001 per share, of the Company (the “Deferred Stock”). The Deferred Stock may not be transferred by Grantee or subjected to any security interest until the restrictions have lapsed in accordance with the terms of the Plan and these the terms and conditionsconditions hereof. (b) This Grant shall become null and void unless Grantee shall accept these terms and conditions by executing this Agreement below and returning it to Finance within thirty (30) days of the date hereof. By accepting the Grant, Grantee agrees to be bound by the terms of the Plan and this Agreement and further agrees that all of the decisions and determinations of the Committee (as defined in the Plan) with respect to the Deferred Stock shall be final and binding. The Company will not issue certificates for any portion of the Deferred Stock until all of the restrictions on that portion of the Deferred Stock have lapsed.