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name: Grants of Restricted Stock Units for Portion of Annual Retainer

Grants of Restricted Stock Units for Portion of Annual Retainer. As of the date of the annual meeting of stockholders each year following the effective date of this Plan, fifty percent (50) of the annual retainer (not including retainers for committee membership or committee chair) payable to each director during the twelve month period beginning May 1 of such year and ending April 30 of the following year shall be paid to the director in the form of Restricted Stock Units. Also, fifty percent (50) of each director's annual retainer for the period beginning May 1, 1995 and ending April 30, 1996 remaining payable after