Common use of Conflict with Plans Clause in Contracts

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.)

AutoNDA by SimpleDocs

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.)

AutoNDA by SimpleDocs

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.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!