Common use of Performance Awards Clause in Contracts

Performance Awards. With respect to any stock options granted to the Executive by the Company which has not become vested as of such termination, the Executive shall immediately become vested in any such stock that would vest solely due to the passage of time. All “performance” stock grants, “performance” cash awards, long-term incentive awards or other similar awards (including, for the avoidance of doubt, the awards made pursuant to Section 3(e)) shall immediately and unconditionally vest for their target value and be paid to the Executive simultaneously with the termination of employment following any Change in Control.

Appears in 5 contracts

Samples: Employment Agreement (Tristar Wellness Solutions, Inc.), Employment Agreement (Tristar Wellness Solutions, Inc.), Employment Agreement (Tristar Wellness Solutions, Inc.)

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