AMENDMENT TO PLAN. The Agreement is amended by striking the second sentence of Section 3(b)(i) in its entirety and replacing in lieu thereof the following sentence: The 2015 Annual Bonuses will be paid in a portion of cash and restricted stock or restricted stock units (“RSUs”) such that when combined with the 2015 Equity Award (as defined below), the Executive will receive 75% of such aggregate compensation in cash and 25% in the form of restricted stock or RSUs.
Appears in 4 contracts
Sources: Employment Agreement (Chimera Investment Corp), Employment Agreement (Chimera Investment Corp), Employment Agreement (Chimera Investment Corp)