Common use of Restrictions and Restricted Period Clause in Contracts

Restrictions and Restricted Period. During the period from the date of this Agreement to the earlier of (i) the one year anniversary of the date of this Agreement or (ii) the earlier release of the restrictions upon the Restricted Shares pursuant to Section 5 (the “Restricted Period”), Restricted Shares granted hereunder may not be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of by the Grantee until the expiration of the Restricted Period. Restricted Shares granted hereunder shall be subject to a risk of forfeiture as described in Section 6 below until the expiration or termination of the Restricted Period. Unless the Restricted Period is previously terminated pursuant to Section 5 of this Agreement or the Restricted Shares are previously forfeited in accordance with Section 6, the restrictions set forth above shall expire and all of the Restricted Shares shall become fully and freely transferable (provided, that such transfer is otherwise in accordance with applicable law) and non-forfeitable at the end of the Restricted Period.

Restrictions and Restricted Period. During the period from the date of this Agreement to the earlier of (i) the one three year anniversary of the date of this Agreement or (ii) the earlier release vesting of the restrictions upon the Restricted Shares pursuant to Section 5 (the “Restricted Period”), Restricted Shares granted hereunder may not be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of by the Grantee until the expiration of the Restricted PeriodPeriod (as defined below). Restricted Shares granted hereunder shall be subject to a risk of forfeiture as described in Section 6 below until the expiration or termination of the Restricted Period. Unless the Restricted Period is previously terminated pursuant to Section 5 of this Agreement or the Restricted Shares are previously forfeited in accordance with Section 6, the restrictions set forth above shall expire and all the applicable portion of the Restricted Shares shall become fully and freely transferable (provided, that such transfer is otherwise in accordance with applicable law) and non-forfeitable at the end of the Restricted Period.