Common use of Release Dates Clause in Contracts

Release Dates. The restriction on transferability or disposition of the Restricted Shares and the release of certificates representing the Restricted Shares shall occur as to one-third (1/3) of the total Number referred to in Item 2 on each of the first, second and third anniversaries of the Date of Grant, subject to adjustment, acceleration or early termination in accordance with the terms of the Restricted Share Agreement and the Plan.