Cash-out of Value of Unvested Stock Options. The Executive shall be entitled to receive from Employer an amount equal to the value of any unvested stock options and any unvested restricted stock or other equity-based compensation award shall become fully vested as of the effective date of termination. Amounts payable under this paragraph (b) shall be paid in a single lump sum within 90 days after termination of the Executive’s employment.
Appears in 3 contracts
Sources: Employment Agreement (Crescent Financial Corp), Employment Agreement (Crescent Financial Corp), Employment Agreement (Crescent Financial Corp)