Common use of Grant of Unrestricted Stock Clause in Contracts

Grant of Unrestricted Stock. Subject to the terms of this Agreement, the Company hereby evidences and confirms, effective as of the date hereof, its grant to the Employee of the number of shares of Unrestricted Stock specified on the signature page hereof. This grant is not made under the Plan; however, this Agreement shall be construed and administered as though it were subject to the terms of the Plan. As of the Grant Date, the Unrestricted Stock will be registered in the Employee’s name.

Grant of Unrestricted Stock. Subject to the terms of this Agreement, the Company hereby evidences and confirms, effective as of the date hereof, its grant to the Employee of the number of shares of Unrestricted Stock specified on the signature page hereof. This grant Agreement is not made under entered into pursuant to, and the Plan; howeverterms of the Unrestricted Stock are subject to, this Agreement shall be construed and administered as though it were subject to the terms of the Plan. As of the Grant Date, the Unrestricted Stock will be registered in the Employee’s name.