Common use of Treatment of Options and Restricted Stock Clause in Contracts

Treatment of Options and Restricted Stock. Upon termination of Executive’s employment with the Company pursuant to Section 6.2 hereof, Executive shall forfeit all rights and interests to any unvested options, unvested shares of restricted stock or other unvested equity awards (including, without limitation, all unvested Options and shares of Restricted Stock), then held by Executive, except for any options, shares of restricted stock, or other awards that would otherwise vest within three (3) months of the date of termination.

Appears in 10 contracts

Samples: Employment Agreement (Danielson Holding Corp), Employment Agreement (Danielson Holding Corp), Employment Agreement (Covanta Energy Corp)

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