As of the Termination Date # the vested portion of each option award will be exercisable for 90 days thereafter, or any longer period specified in the Plan or the applicable option award agreement, subject to the maximum term applicable to such option, and the unvested portion of all option awards shall be forfeited to the Company, and # with respect to unvested restricted stock awards, all restrictions on unvested shares shall continue to lapse as if your termination had not occurred.
As of the Termination Date, Employee holds stock options and restricted stock awards under the 2014 Long-Term Stock Incentive Plan (the “Plan”) that are outstanding and unvested (together, the “Outstanding Awards”). To the extent the following is inconsistent with the award agreements evidencing the Outstanding Awards, Employee and agree # that the vested portion of each option award will be exercisable for 90 days after the Termination Date, and the unvested portion of all option awards shall be forfeited to the Company on the Termination Date; and # the award agreements for all unvested restricted stock awards shall be amended to reflect that, as of the Termination Date, all vesting-related restrictions on unvested shares will continue to lapse as if Employee had continued his employment with the Company through each of the remaining vesting dates applicable to such unvested restricted stock award, subject to Employee’s continued compliance with his obligations under the Agreement, including Section 4, below.
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