Common use of Minimum Stock-Based Award Clause in Contracts

Minimum Stock-Based Award. For each Company Fiscal Year, after a Change in Control (prorated for partial Company Fiscal Years), the Executive will be provided with an annual Stock-Based Award with a value equal to at least 30% of his then-current Base Salary ("Change in Control Stock Based Award").

Appears in 3 contracts

Samples: Executive Employmentagreement (National Bankshares Inc), Executive Employmentagreement (National Bankshares Inc), Employment Agreement (National Bankshares Inc)

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Minimum Stock-Based Award. For each Company Fiscal Year, after a Change in Control (prorated for partial Company Fiscal Years), the Executive will be provided with an annual Stock-Based Award with a value equal to at least 30% of his then-current Base Salary ("β€œChange in Control Stock Based Award"”).

Appears in 1 contract

Samples: Executive Employment Agreement (National Bankshares Inc)

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