Common use of Months of Equity Vesting Clause in Contracts

Months of Equity Vesting. For purposes of vesting in equity awards made pursuant to any Stock Plan, the Company will treat Employee as if he remained employed through the twelve (12) month period following termination of employment. Any option (or portion thereof) that vests pursuant to this provision shall terminate at 5:00 p.m. (local Virginia time) on the 90th calendar day following the date such option (or portion thereof) vests pursuant to this Agreement or, if earlier, at their original term (the “Equity Cancellation Date”). Any terminated option shall be cancelled and shall have no further force or effect. Any performance-based Stock Plan awards scheduled to vest during this twelve (12) month period will remain subject to applicable performance-based criteria as described under the Stock Plan and award agreements. Except as expressly provided herein, the terms of the Stock Plan and applicable award agreements shall govern all of Employee’s outstanding Stock Plan awards. If Employee materially breaches this Agreement or the Release, all outstanding and unvested Stock Plan awards shall be forfeited except as otherwise provided by the Committee.

Months of Equity Vesting. For purposes of vesting in equity awards made pursuant to any Stock Plan, the Company will treat Employee as if he remained employed through the twelve six (126) month period following termination of employment. Any option (or portion thereof) that vests pursuant to this provision shall terminate at 5:00 p.m. (local Virginia time) on the 90th calendar day following the date such option (or portion thereof) vests pursuant to this Agreement or, if earlier, at their original term (the “Equity Cancellation Date”). Any terminated option shall be cancelled and shall have no further force or effect. Any performance-based Stock Plan awards scheduled to vest during this twelve six (126) month period will remain subject to applicable performance-based criteria as described under the Stock Plan and award agreements. Except as expressly provided herein, the terms of the Stock Plan and applicable award agreements shall govern all of Employee’s outstanding Stock Plan awards. If Employee materially breaches this Agreement or the Release, all outstanding and unvested Stock Plan awards shall be forfeited except as otherwise provided by the Committee.