Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 211

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 211
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agreement, if any, between the holder and the company, the successor entity or the applicable affiliate thereof (if the holder
has an employment agreement requiring accelerated vesting in such case), (iii) voluntarily by the holder with good reason, or (iv) on
account of the holder’s death or disability, and (B) the holder remained in the continuous employ of the company, the successor
entity or the applicable affiliate thereof from the date of such change in control until the date of such termination of employment, then
the assumed or substituted performance-based awards will automatically become vested with respect to a pro rata number of the shares or
other securities subject to such assumed or substituted performance-based awards based on the extent to which the performance or other
objectives are achieved as of the date of such termination of employment or service. Any portion of any such performance-based awards
that does not become so vested will be forfeited.

On the date of such change
in control, all outstanding awards under the BHM Incentive Plans that are not assumed or replaced with substitute awards in connection
with the change in control will become fully vested, provided that any performance-based awards will vest at the greater of (A) the
applicable target level and (B) the level of achievement of the performance objectives for the award as determined by the administrator
taking into account performance through the latest date preceding the change in control (but not later than the end of the applicable
performance period).

The administrator may also
provide that any awards (or any portion thereof) that become vested in connection with the change in control as set forth above may be
cancelled, in the sole discretion of the administrator, in exchange for a payment, in cash or shares of our common stock or other securities
or consideration received by stockholders in the change in control transaction, in an amount substantially equal to (i) the price
per share of common stock received by stockholders (in the case of vested shares of common stock), (ii) the amount by which the price
per share of our common stock received by stockholders exceeds the option price or Initial Value (in the case of Options and SARs), and
(iii) if applicable, the value of the other securities or property in which a Performance Unit or Other Equity-Based Award is denominated.
However, in the case of Options and SARs, if the option price or Initial Value exceeds the price per share of our common stock received
by stockholders in the change in control transaction,