Common use of Equity and Long-Term Incentive Awards Clause in Contracts

Equity and Long-Term Incentive Awards. All unvested restricted stock or units granted to Executive will be immediately forfeited and all unvested stock options granted to Executive will be immediately terminated upon such termination of Executive’s employment and any vested stock options granted to Executive will remain exercisable for three months after such termination of Executive’s employment, subject to the earlier expiration of the term of such stock option.

Equity and Long-Term Incentive Awards. All unvested restricted stock or units granted to Executive will be immediately forfeited and all unvested stock options granted to Executive will be immediately terminated upon such termination of Executive’s employment and any vested stock options granted to Executive will remain exercisable for three (3) months after such termination of Executive’s employment, subject to the earlier expiration of the term of such stock option.