Performance Cash Award Clause Samples

Performance Cash Award. You are hereby granted a Performance Cash Award, subject to the terms and conditions of this Award Agreement. “Performance Cash” means a cash award that is conditioned upon the satisfaction of one or more pre-established Performance Goals. The amount of Performance Cash that will be earned hereunder if the Target Performance Goals are achieved is set forth above.

Performance Cash Award. The Performance Period for purposes of determining whether the Performance Goal has been met shall be the three-year period beginning on January 1, 2017, and ending on December 31, 2019. The Performance Goal for purposes of determining whether, and the extent to which, the Performance Cash Award is earned and payable is set forth in Exhibit A to this Agreement. Exhibit A is incorporated by reference herein. Subject to the provisions of this Agreement, this Performance Cash Award shall become payable, if and to the extent earned, following the Committee’s determination and certification after the end of the Performance Period, as to whether and the extent to which the Performance Goal has been achieved; provided that the Committee retains no discretion to reduce or increase Performance Cash Awards that become payable as a result of performance measured against the Performance Goals.

Performance Cash Award. The Company hereby grants to the Participant on the Grant Date a performance-based cash Award in the amount of [ ] at Target, or such lesser or greater amount, as may be earned upon the attainment of applicable performance objectives set forth in Schedule I hereto (the “Performance Cash Award”). The Performance Cash Award shall be earned and vested in accordance with Section 3 and settled in accordance with Section 4. The Participant shall have no direct or secured claim in any specific assets of the Company, and shall have the status of a general unsecured creditor of the Company. THIS AWARD IS CONDITIONED ON THE PARTICIPANT SIGNING THIS AGREEMENT VIA E-SIGNATURE (AS DESCRIBED AT THE END OF THIS AGREEMENT) NO LATER THAN APRIL 29, 2016, WHICH THE PARTICIPANT ACCEPTS UPON HIS OR HER ELECTRONIC EXECUTION OF THIS AGREEMENT AS DESCRIBED BELOW, AND IS SUBJECT TO ALL TERMS, CONDITIONS AND PROVISIONS OF THE PLAN AND THIS AGREEMENT, INCLUDING, WITHOUT LIMITATION, THE PARTICIPANT COVENANTS SET FORTH ON ATTACHMENT A HERETO THAT APPLY DURING THE PARTICIPANT’S EMPLOYMENT AND FOLLOWING A TERMINATION OF THE PARTICIPANT’S EMPLOYMENT FOR ANY REASON.

Performance Cash Award. No later than thirty (30) days following the Effective Date, Employee will be granted a performance cash award (the “PC Award”) pursuant to the Bitcoin Depot Inc. 2023 Omnibus Incentive Plan (the “Plan”). The PC Award will vest based on a performance metric elected by the Board (or a committee thereof) measured over the 2026 fiscal year (the “PC Performance Period”). The target value of the PC Award shall be $1,500,000 and the maximum value of the PC Award shall be $3,000,000, if the performance metric is met at the maximum performance level. The Board (or a committee thereof) will certify performance following the end of the PC Performance Period. The PC Award will pay out, if at all, as follows: (i) 1/3 no later than 60 days following the end of the PC Performance Period, (ii) 1/3 on the first anniversary of the end of the PC Performance Period and (iii) 1/3 on the second anniversary of the end of the PC Performance Period, subject to continued employment through each such payment date (except as provided below). If Employee is terminated by the Company without Cause or resigns for Good Reason, in each case, prior to a Change in Control (as defined in the Plan) or more than one year following a Change in Control, a pro-rata portion of the target PC Award (or actual earned amount, if the PC Performance Period has ended), determined by (A) multiplying (i) $1,5000,000 (or actual amount earned based on performance if the PC Performance Period has ended) by (ii) a fraction, the numerator of which is the number of days that elapsed from the beginning of the PC Performance Period through the Termination Date, and the denominator of which is 1,095 and (B) subtracting the portion, if any, of the PC Award already paid, shall immediately vest as of the Termination Date and be paid no later than sixty (60) days thereafter. If Employee is terminated by the Company without Cause or resigns for Good Reason, in each case, within one (1) year following a Change in Control, the unpaid portion of the PC Award (calculated at the target level unless the PC Performance Period has ended, in which case, calculated based on the actual certified performance level) shall immediately become fully vested as of the Termination Date and be paid no later than sixty (60) days thereafter. The PC Award shall be subject to all additional terms and conditions of the award agreement documenting the same, as determined by the Board (or a committee thereof) in good faith that are not inconsist...

Performance Cash Award