Common use of Stock Payments Clause in Contracts

Stock Payments. Upon achievement of the performance goals set forth in Schedule 2.3 attached hereto, the Company shall immediately pay to the Executive the amounts specified to be paid upon satisfaction of each performance goal, such payments to be settled in common stock of the Company under the Company’s 2008 Incentive Award Plan (as amended).

Appears in 2 contracts

Sources: Executive Employment Agreement (Star Scientific Inc), Executive Employment Agreement (Star Scientific Inc)