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

Treatment of Options and Restricted Stock. Upon termination of the Executive's employment with the Company pursuant to Section 5.1 hereof, Executive shall forfeit all rights and interests to any unvested Options, unvested shares of Restricted Stock or other unvested equity awards, then held by the Executive and (a) in the event of term a termination pursuant to Section 5.1(c) all vested Options shall terminate one (1) day following such termination and (b) in the event of a termination pursuant to Section 5.1(d), all vested Options shall terminate sixty (60) days following such termination.