Common use of Equity Award Treatment Clause in Contracts

Equity Award Treatment. Notwithstanding anything set forth in an Award Agreement or the Plan to the contrary, all equity awards granted to Executive that are outstanding and unvested as of immediately prior to Executive’s termination of employment shall become immediately and fully vested as of the date of Executive’s termination of employment (with performance-based awards vesting based upon the target level of performance).

Appears in 6 contracts

Samples: Executive Employment Agreement (Piedmont Lithium Inc.), Executive Employment Agreement (Piedmont Lithium Inc.), Executive Employment Agreement (Piedmont Lithium Inc.)

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