Benefit Plans; Equity Incentive Plans. All rights and benefits which the Executive or his estate or other beneficiaries may have under the Benefit Plans and/or Equity Incentive Plans of the Company in which the Executive shall be participating at the Employment Termination Date shall be determined in accordance with such plans and any agreements entered into by the Company and the Executive in connection therewith or with awards thereunder, provided however that, notwithstanding anything to the contrary in the Stock Plan or any Restricted Stock Agreements related thereto or in the Option Plan or any Option Agreements related thereto, if the Executive’s employment with the Company is terminated by the Company for any reason other than for Cause (i) all unvested restricted shares awarded to the Executive under the Stock Plan shall fully vest at the Employment Termination Date and (ii) all unvested options granted to the Executive under the Option Plan shall fully vest at the Employment Termination Date and be exercisable during the ninety (90) consecutive day period immediately following the Employment Termination Date.
Appears in 5 contracts
Samples: Executive Employment Agreement (Advanced Drainage Systems, Inc.), Executive Employment Agreement (Advanced Drainage Systems, Inc.), Executive Employment Agreement (Advanced Drainage Systems, Inc.)
