Disability of Grantee. If the Grantee shall become permanently and totally disabled within the meaning of §22(e)(3) of the Code while in the employ of the Company or any of its subsidiaries, the provisions of §3(a) shall have no force and effect, and the Shares awarded hereunder shall vest and shall no longer be subject to a risk of forfeiture.
Appears in 4 contracts
Samples: Restricted Stock Agreement (Advanced Drainage Systems, Inc.), Restricted Stock Agreement (Advanced Drainage Systems, Inc.), Restricted Stock Agreement (Advanced Drainage Systems, Inc.)
Disability of Grantee. If the Grantee shall become permanently and totally disabled within the meaning of §22(e)(3) of the Code prior to the Vesting Date while in the employ of the Company or any of its subsidiariesserving as a director, the provisions of §3(a) shall have no force and effect, and the Shares awarded hereunder shall vest and shall no longer be subject to a risk of forfeiture.
Appears in 1 contract
Samples: Director Stock Agreement (Advanced Drainage Systems, Inc.)
