Conflict with Plans. As permitted under the terms of any stock option, performance share, restricted stock unit or other equity based long-term incentive compensation plan, program or arrangement (the “Plans”), the Company and the Executive agree that the definition of Termination for Cause set forth in this Section 3 shall apply in place of any similar definition or comparable concept applicable under the Plans (or any similar definition in any successor plan).
Appears in 2 contracts
Samples: Employment Agreement (Conifer Holdings, Inc.), Employment Agreement (Conifer Holdings, Inc.)
Conflict with Plans. As permitted under the terms of any the applicable stock option, performance share, restricted stock performance unit or other equity based long-term incentive compensation plan, program or arrangement (the “Benefit Plans”), the Company and the Executive agree that the definition definitions of Termination for Cause or Termination for Good Reason set forth in this Section 3 shall apply in place of any similar definition or comparable concept applicable under the Benefit Plans (or any similar definition in any successor plan).
Appears in 1 contract
Samples: Employment Agreement (Twinlab Consolidated Holdings, Inc.)
Conflict with Plans. As permitted under the terms of any the applicable stock option, performance share, restricted stock performance unit or other equity based long-term incentive compensation plan, program or arrangement (the “Plans”), the Company and the Executive agree that the definition definitions of Termination for Cause or Termination for Good Reason set forth in this Section 3 shall apply in place of any similar definition or comparable concept applicable under the Plans (or any similar definition in any successor plan).
Appears in 1 contract
Samples: Employment Agreement (Twinlab Consolidated Holdings, Inc.)