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These excerpts taken from the WEN 10-K filed Mar 13, 2009. VESTING: Subject to the Award
Recipient’s continued employment with the Company and its subsidiaries (other
than as set forth in Paragraph 6),
3.1 One-third
of the Restricted Shares (the “First Tranche Shares”) shall vest and become
nonforfeitable on the first anniversary of the Award Date (the “First Vesting
Date”).
3.2 One-third
of the Restricted Shares (the “Second Tranche Shares”) shall vest and become
nonforfeitable on the second anniversary of the Award Date (the “Second Vesting
Date”).
3.3 One-third
of the Restricted Shares (the “Third Tranche Shares”) shall vest and become
nonforfeitable on the third anniversary of the Award Date (the “Third Vesting
Date”).
3.4 Each of
the First Vesting Date, Second Vesting Date and Third Vesting Date may be
referred to herein as a “Vesting Date.”
- 1 -
3.5 VESTING: Subject to the Award Recipient’s continued employment with the Company and its subsidiaries (other than as set forth in Paragraph 6), 3.1 One-third of the Restricted Shares (the “First Tranche Shares”) shall vest and become nonforfeitable on the first anniversary of the Award Date (the “First Vesting Date”). 3.2 One-third of the Restricted Shares (the “Second Tranche Shares”) shall vest and become nonforfeitable on the second anniversary of the Award Date (the “Second Vesting Date”). 3.3 One-third of the Restricted Shares (the “Third Tranche Shares”) shall vest and become nonforfeitable on the third anniversary of the Award Date (the “Third Vesting Date”). 3.4 Each of the First Vesting Date, Second Vesting Date and Third Vesting Date may be referred to herein as a “Vesting Date.” - 1 - 3.5 | EXCERPTS ON THIS PAGE:
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