The Equity Agreements for all. Equity Bonus and other equity-based compensation granted to Executive on and after the date of this Agreement shall provide that upon an Equity Award Change of Control all of Executive’s Equity Bonus and other equity-based compensation shall immediately vest regardless of whether the Executive is retained by the Company or successor following the Equity Award Change of Control and any outstanding stock options and other equity compensation held by the Executive shall be exercisable by the Executive pursuant to the terms thereof until the earlier of (A) three (3) months from Executive’s Termination Date and (B) the latest date upon which such stock options and other equity compensation would have expired by their original terms under any circumstances.
Appears in 3 contracts
Samples: Executive Employment Agreement (Deep Medicine Acquisition Corp.), Executive Employment Agreement (Deep Medicine Acquisition Corp.), Executive Employment Agreement (Vertex Energy Inc.)
The Equity Agreements for all. Equity Bonus and other equity-based compensation granted to Executive on and after the date of this Agreement shall provide that upon an Equity Award Change of Control all of Executive’s Equity Bonus and other equity-based compensation shall immediately vest regardless of whether the Executive is retained by the Company or successor following the Equity Award Change of Control and any outstanding stock options and other equity compensation held by the Executive shall be exercisable by the Executive pursuant to the terms thereof until the earlier of (A) three (3) months from Executive’s Termination Date and (B) the latest date upon which such stock options and other equity compensation would have expired by their original terms under any circumstances.. December 12, 2022 Executive Employment Agreement
Appears in 2 contracts
Samples: Executive Employment Agreement (Vertex Energy Inc.), Executive Employment Agreement (Vertex Energy Inc.)
The Equity Agreements for all. Equity Bonus and other equity-based compensation granted to Executive on and after the date of this Agreement shall provide that upon an Equity Award Change of Control all of Executive’s Equity Bonus and other equity-based compensation shall immediately vest regardless of whether the Executive is retained by the Company or successor following the Equity Award Change of Control and any outstanding stock options and other equity compensation held by the Executive shall be exercisable by the Executive pursuant to the terms thereof until the earlier of (A) three (3) months from Executive’s Termination Date and (B) the latest date upon which such stock options and other equity compensation would have expired by their original terms under any circumstances.. December 13, 2022 Executive Employment Agreement
Appears in 1 contract
Samples: Executive Employment Agreement (Vertex Energy Inc.)
