Common use of Stock Incentives Clause in Contracts

Stock Incentives. The Executive's rights with respect to Stock Incentives shall be as described in the applicable Company plan and the applicable separate agreements with the Executive, provided that in no event shall the payment of severance benefits hereunder be deemed to be an extension of Executive's employment for purposes of the vesting provisions of such plans and agreements.

Appears in 4 contracts

Samples: Employment Agreement (Aspirity Holdings LLC), Employment Agreement (Aspirity Holdings LLC), Employment Agreement (Aspirity Holdings LLC)

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Stock Incentives. The Executive's rights and the Company's obligations with respect to Stock Incentives shall be as described in the applicable Company plan and the applicable separate agreements with the Executive, provided that in no event shall the payment of severance benefits hereunder be deemed to be an extension of Executive's employment for purposes of the vesting provisions of such plans and agreements.

Appears in 3 contracts

Samples: Severance, Confidentiality and Noncompete Agreement (Damark International Inc), Severance, Confidentiality and Noncompete Agreement (Damark International Inc), Credit Agreement (Damark International Inc)

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